Page 9 - Fuel Prices

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

Oil ticks higher as traders weigh tight fuel market, slow global growth

West Texas Intermediate climbed above $111 a barrel following four weekly gains, the longest such run since February.

Top Headlines: Fuel rate cut to ease inflation, report on EV fire, and more

The recent EV scooter fires were caused by defects in their batteries, including in the designs of the battery packs and modules, a DRDO report said. Read more in our top headlines.

Best of BS Opinion: Confusing Sebi rules, Cong's electoral prospects & more

Here is the Best of BS Opinion for Monday

Opposition states follow Centre, reduce VAT on petrol and diesel

However, among BJP-ruled states, Gujarat was unlikely to follow suit and reduce VAT on petrol and diesel, said senior officials

Fuel duty cuts likely to help ease retail inflation by up to 25 bps

But experts call for other fiscal measures too to bring inflation down

Live: Davos hosts WEF meeting with focus on Ukraine war, climate change

The active cases comprise 0.03 per cent of the total infections, while the national Covid-19 recovery rate was recorded at 98.75 per cent, the health ministry said. Stay tuned for more updates

Limited impact

Tax cuts will not lower inflation significantly

Centre and states: Sitharaman reveals 'implication' of duty cut on fuel

Decision to cost Rs 1,00,000 cr a year for central government, says Finance Minister after 'criticism/appraisal' of decision.

Govt considering Rs 1 trn extra borrowing to offset fuel-tax cut: Report

The loss to the exchequer due to the recent excise duty cuts will have to be borne through additional market borrowings, says Bloomberg.

Keep up poll promise, cut rates of petroleum products, OPS tells DMK

OPS, urged the MK Stalin-led DMK government to now implement its promise regarding slashing fuel rates, made ahead of the 2021 Assembly polls and further benefit the citizens

Centre's tax cut on fuel only partial, don't expect same from states: TN FM

Despite the tax reduction announced on Saturday, the rates were still high compared to 2014: Palanivel Thiaga Rajan

'We will consider,' says Karnataka CM Bommai on further cut in fuel tax

Bowing to public pressure, Finance Minister Nirmala Sitharaman on Saturday announced a Rs 8 per litre cut in excise duty on petrol and Rs 6 a litre on diesel to avoid increase in fuel prices

Kerala govt announces tax cut on petrol by Rs 2.41, diesel by Rs 1.36

"Kerala government announces cut in tax on petrol and diesel by Rs 2.41 and Rs 1.36 respectively," state Finance Minister KN Balagopal said

Rajasthan govt reduces VAT on petrol by Rs 2.48, diesel by Rs 1.16

Due to the reduction in the prices of petrol and diesel by the central government, the state government will reduce VAT by Rs 2.48 per litre on petrol and Rs 1.16 per litre on diesel: Ashok Gehlot

'This fuel price cut not enough': TMC says BJP trying to fool masses

TMC on Saturday said the Centre's decision to slash fuel prices is an attempt to "fool the people" as it had increased the prices by leaps and bounds in the last few months

Reduction of excise duty on petrol, diesel not enough, says Thackeray

Maharashtra CM Uddhav Thackeray said the Central government's reduction of excise duty on petrol and diesel was not enough and demanded that it be brought down further

'Rollback excise duty on fuel to UPA level,' says Congress on price cut

The Congress on Saturday accused Finance Minister Nirmala Sitharaman of "befooling'' people after she announced an excise duty cut on petrol and diesel and said people needed relief

Kerala announces cut in state tax on petrol by Rs 2.41, diesel by Rs 1.36

The Union government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre

'It is always people first for us,' says PM Modi on fuel price cut

'Significant drop in petrol and diesel prices will positively impact various sectors, provide relief to our citizens and further 'Ease of Living',' tweets PM Modi