Kerala government on Friday reaffirmed its stand that it could not forego the taxes on fuel due to the grim financial situation
Accordingly, the pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Thursday from previous day's level of Rs 110.04 a litre, remains at the same level on Friday.
The prices of petrol and diesel will increase again in the coming months, said energy expert Narendra Taneja on Thursday.
"It is a confirmation of our charge that fuel prices are high mainly because of high taxes," he said
With revenues set to exceed the annual target by Rs 2 trillion, a softer revenue loss that boosts consumption will provide immense relief, especially to lower income households
The Union home minister on Thursday lauded Modi's decision regarding the excise duty on fuel
The retail prices of petrol and diesel fell between Rs 5-10 per litre in line with the Centre's announcement to cut excise duty on the two petroleum products to contain surging rates.
The decision was announced hours after the Centre cut excise duty on petrol and diesel on Wednesday, and the new price came into effect from midnight, the CMO said in a statement issued late at night.
Tapan Banerjee, general secretary of Joint Council of Bus Syndicates, said that they are, however, sticking to their demand for an increase in fares given the huge cost of running their vehicles.
Business Standard brings the top headlines at this hour
In Delhi, with an increase of Rs 0.35 in petrol and diesel prices, their cost rose to Rs 110.04 per litre and Rs 98.42 per litre respectively today.
As per official data, Petrol prices in Delhi stand at Rs 109.69 per litre (up by Rs 0.35) and diesel prices are Rs 98.42 per litre (up by Rs 0.35) today.
Prices differ from state to state, depending on the incidence of local taxes and cost of transportation.
Border districts of Madhya Pradesh are bearing the brunt of the hike in fuel prices, with the cost of petrol in Anuppur crossing Rs 120 per litre and diesel nearing Rs 110 per litre on Wednesday. Similarly, the price of petrol in Balaghat, which shares borders with Chhattisgarh and Maharashtra, reached Rs 119.23 per litre. Talking to PTI, Abhishek Jaiswal, a petrol pump owner in Anuppur's Bijuri town bordering Chhattisgarh, said the price of petrol has gone up to Rs 120.4 per litre after an increase of 36 paise on Tuesday. The cost of diesel reached Rs 109.17 per litre, following an increase of 37 paise, he said. Petroleum is brought to Anuppur from Jabalpur oil depot, about 250 km from the district headquarter, hence, fuel is costlier in the district than in other parts of the state due to higher transportation cost, Jaiswal said. The price of petrol and diesel in Balaghat reached Rs 119.23 and Rs 108.20 per litre respectively, after an increase of 37 paise, said Ravi Vaidya, the
Most households in top-10 cities have been sharing concerns related to rising fuel prices and their focus on budget while shopping during this festive season.
In Mumbai, petrol and diesel prices per litre stand at Rs 113.12 and Rs 104.00 respectively
Karnataka CM said the government will decide on reducing the petrol price, by effecting a tax cut, after the review.
Petrol and diesel prices were hiked across the country for the seventh consecutive day on Monday
Petrol prices crossed the Rs 100 per litre-mark for the first time in Gujarat on Thursday following a fresh hike
Petrol and diesel prices across the country soared to all-time high levels on Thursday as rates were hiked again in line with the spurt in international oil prices