Page 10 - Petrol

Govt's excise mop-up from petrol, diesel doubles to Rs 3.7 trillion in FY21

The increase in the collection was mainly on account of rise in the incidence of taxation on fuels

No immediate consumer relief expected in petrol, diesel prices

Oil companies cautious over crude oil price fluctuations

Chhattisgarh govt announces reduction of VAT on petrol, diesel

The Chhattisgarh government on Monday decided to reduce Value Added Tax on petrol and diesel by 1% and 2%, respectively.

Petrol, diesel demand growth to halve due to CNG, ethanol, EV push: Crisil

Refiners may need to trim capacity expansion plans

Relief for consumers as petrol, diesel prices stay unchanged for fortnight

The price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Diwali day on Nov 4 from the previous days' level of Rs 110.04 a litre, remained at the same level on Thursday

What are flex-fuel vehicles? Can they cut our dependence on petrol?

Union minister Nitin Gadkari recently said that flexible-fuel engines -- or flex engines -- will be made mandatory in India. Find out what flex-fuel vehicles are and how feasible they are

Centre to bear full revenue loss on petrol, diesel excise cut: Fin Min

The entire revenue loss on account of reduction in excise duty on petrol and diesel by Rs 10 and Rs 5 a litre respectively will be borne by the Centre

Fuel prices remain static for 11th straight day as global prices softens

Fuel prices remained unchanged in the country on Monday after the revision of duties, providing a much needed relief to consumers from the consistent increase in the rates earlier.

Statsguru: Six charts explain declining diesel consumption in India

With available data, commercial vehicles, most of which run on diesel, are the top users

Petrol prices reduced in Punjab after VAT cut, Ladakh sees diesel price cut

Punjab has seen the biggest reduction in price of petrol after it cut local sales tax or VAT the most while Union Territory of Ladakh witnessed the largest reduction in diesel rates for same reason.

Fuel tax cuts to impact states' kitty by Rs 44,000 cr in FY22: Icra

While the Centre has reduced the road cess component of excise duty which is not shared with states, the cut will bring down the VAT kitty by Rs 9,000 crore, rating agency says

India aims to sell only 20% ethanol-blended petrol from 2025: Oil Secretary

E20 blended petrol to be introduced in 2023. In the transitional period, even 10% ethanol-blended fuel will be available but at different petrol pumps

Bringing petroleum products under GST to cut taxes on petrol, diesel: Gadkari

The move would also increase the revenue of both the Centre and states, Union Minister Nitin Gadkari said on Wednesday

Cabinet okays Rs 1.47 a litre ethanol price hike for blending in petrol

The price hike was approved for 2021-22 marketing year starting December as part of the government's target to achieve 20 per cent doping by 2025

Petrol, diesel price continues to remain unchanged after duty cuts

After big cuts in petrol and diesel prices following the Centre and states reducing taxes, fuel prices have remained unchanged

Punjab govt cuts petrol, diesel prices by Rs 10 and Rs 5 per litre

Days after Centre reduced excise duty on fuel, the Congress-led government in Punjab on Sunday lowered the VAT on petrol and diesel making them cheaper by Rs 10 per litre and Rs 5 per litre in state.

Total tax on petrol down to 50%, diesel to 40% after excise duty cuts

The retail price of petrol and diesel is decided after adding central excise, commission paid to dealers and value-added tax (VAT) to basic oil prices

Withdraw last year's price hikes of petrol, diesel: Congress

The central government reduced excise duty on petrol by Rs 5 and on diesel by Rs 10, and some BJP-ruled states have reduced VAT on the fuels this week

Chandigarh cuts VAT on petrol, diesel by Rs 7/litre after excise duty cut

With the Centre slashing excise duty on petrol and diesel, the Chandigarh Administration has also announced a reduction of Rs 7 per litre in VAT on fuels making them cheaper in the Union Territory.

Nothing short of stimulus: Fuel tax cuts may boost consumption by Rs 35K-cr

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