Page 7 - Petrol

HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?

According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.

Punjab: Opp parties demand cut in VAT on fuel as govt slashes excise duty

The opposition parties on Sunday demanded from the AAP government in Punjab to reduce VAT on fuel after the Union government slashed excise duty on petrol and diesel to give relief to consumers

Kerala, Maharashtra, Raj reduce VAT on fuel after Centre cuts excise duty

Maharashtra, Rajasthan, Kerala have decreased VAT on petrol and diesel after Finance Minister Nirmala Sitharaman's call to provide further relief to consumers following a cut in excise duty by Centre

Maharashtra reduces VAT on petrol by Rs 2.08/ltr, diesel by Rs 1.44/ltr

A day after the Centre reduced excise duty on fuel, the Shiv Sena-led Maharashtra government on Sunday slashed the VAT on petrol by Rs 2.08 per litre and diesel by Rs 1.44 per litre. A statement issued by the government said the state exchequer will have to bear an annual loss of Rs 2,500 crore as a result of this decision. After reducing the VAT on petrol and diesel, the per month revenue from petrol will reduce by Rs 80 crore, while that from diesel by Rs 125 crore. The central government on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 reduction on diesel.

Centre reduces excise duty on petrol by Rs 8 and on diesel by Rs 6/litre

The move will have revenue implication of around Rs 1 trn for the govt, says FM Sitharaman; also, the govt will give Rs 200/cylinder subsidy to Ujjwala Yojana beneficiaries for 12 cylinders in a year

HPCL Q4 net declines 40%, declares final dividend of Rs 14/share for FY22

HPCL CMD said the company earned $12.44 on turning every barrel of crude oil into fuel in Q4FY22 as against a gross refining margin GRM of $8.11 per barrel in the same quarter a year back

Petrol in India cheaper than UK, Germany but costlier than US, China, Pak

Petrol in India is cheaper than in countries like Hong Kong, Germany and the UK but costlier than in China, Brazil, Japan, the US, Russia, Pakistan & Sri Lanka, a BOB Economics Research report showed

Petrol price hiked in Nepal; reaches all-time high of NPR 170 per liter

The board of directors of state-owned petroleum importer NOC decided to increase the price by 10 paise after which a litre of petrol would cost NPR 170

Explained: Why India's 2025 ethanol blending target may not be a good idea

India's target to have 20% ethanol blended in petrol will have to bring more land under cultivation of raw material, and that may affect food security. Yet, emissions will not reduce drastically

CNG, petrol price hike: Auto, taxi unions on strike demanding subsidy

Petrol now costs Rs 105.41 and diesel Rs 96.67 per litre in the national capital; the CNG price on Monday stood at Rs 71.61 per kg

India's fuel sales fall in April first half after record rise in prices

Petrol sales fell almost 10 per cent in the first half of April when compared with the same period in the preceding month, while diesel demand slid 15.6 per cent

How the Congress was served a free hit and it missed the ball completely

The free hit opportunity is inflation because retail inflation is in its third consecutive month above the RBI's upper comfort limit of 6%.

Centre looking to fill govt coffers by raising petrol prices: K T Rama Rao

PM Narendra Modi has been trying to weaken the states since he came to power and is trying to fill government coffers by raising petrol prices, Telangana Minister TRS Working President K T Rama Rao

Petrol, diesel prices hiked by 80 paise; total rise at Rs 10 per litre

In Mumbai, the petrol and diesel prices per litre are at Rs 120.51, increasing by 84 paise & Rs 104.77, up 85 paise

Petrol, diesel prices hiked by 80 paise; total rise at Rs 9.20 per litre

This is the 13th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.

High transportation cost pushes petrol in Maha's Parbhani to Rs 122.67

With fuel prices being hiked multiple times over the last two weeks, the rate of petrol in Parbhani district in Maharashtra reached Rs 122.67 a litre on Tuesday

Petrol, diesel prices hiked by 40 paise; total increase now at Rs 8.40

Petrol in Delhi will now cost Rs 103.81 per litre as against Rs 103.41 previously

Small, frequent spikes in fuel prices to dent consumption, challenge growth

Freight rates on grand trunk routes have shot up 3-4 per cent month-on-month in the past few days, according to the Indian Foundation of Transport Research & Training (IFTRT)

Petrol, diesel rates up by 80 paise per litre again, 11th hike in 13 days

Petrol is now selling at Rs 103.41 per litre in Delhi and diesel is trading at Rs 94.67 per litre.

Petrol, diesel rates up by 80 paise; total increase in 12 days at Rs 7.20

Petrol and diesel prices were on Saturday hiked by 80 paise a litre each, taking the total increase in rates in the last 12 days to Rs 7.20 per litre. Petrol in Delhi will now cost Rs 102.61 per litre as against Rs 101.81 previously, while diesel rates have gone up from Rs 93.07 per litre to Rs 93.87, according to a price notification of state fuel retailers. Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation. This is the 10th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22. In all, petrol prices have gone up by Rs 7.20 per litre.