Page 9 - Petrol

Fill your petrol tanks before 'election offer' ends: Rahul's dig at Centre

Congress leader Rahul Gandhi took a swipe at Modi government over impending fuel price hike after polls and asked people to get their petrol tanks filled as he said "election offer" will end soon.

Top headlines: Grover accused of money laundering; Biden warns Putin

Business Standard brings you the top headlines on Wednesday

Petrol, diesel price hikes likely to restart from next week: Here's why

JPMorgan said for oil marketing companies to revert to normalised marketing margins, retail prices need to increase by Rs 9 a litre or 10%

Petrol, diesel prices lagging by Rs 6-8 a litre in absence of hikes: Report

The agency said a cut in the excise duties to the pre-pandemic levels before the start of the new fiscal year on April 1 will entail a cost of up to Rs 92,000 crore to the exchequer

New levy on unblended petrol and diesel likely to lead to price hike

The Rs 2 per litre additional excise duty proposed on unblended fuels in the Finance Bill will result in a uniform hike of diesel prices across the country from October 1.

9% ethanol blending in petrol achieved; 20% target by 2025: Hardeep Puri

India has achieved 9 per cent ethanol blending in petrol and is confident of meeting the 20 per cent target by 2025, Oil Minister Hardeep Singh Puri said on Thursday.

Petroleum ministry pulls up oil firms for allocation of fewer petrol pumps

The petroleum ministry has asked oil companies to consider revision of dealer margins on Rajasthan HC directive.

Jharkhand's petrol subsidy scheme linked to monthly self-certification

CM Soren to launch scheme on January 26

Covid-19: Petrol, diesel sales fall in January as Omicron spreads

The rapid spread of the Omicron variant of coronavirus has led to the imposition of local restrictions in several parts of the country

ATF price hiked by 4.2%, second increase in Jan as petrol, diesel unchanged

Jet fuel or ATF price was hiked by 4.2 per cent - the second increase in rates this month warranted by firming international oil prices, but petrol and diesel prices remained unchanged

Oil demand recovery in India poised to weather Covid comeback

Over first 10 days of 2022, sales of gasoline and diesel which together make up more than half of India's overall petroleum consumption dipped by 2% to 3% from a year earlier

Oil at $84 again: Petrol, diesel price on hold for 68th day in a row

Petrol and diesel prices have remained unchanged for 68 days in a row despite a USD 16 swing in international oil prices and global rates again climbing to USD 84 per barrel, oil company data showed. Petrol and diesel were last changed on November 4, 2021, when the central government cut excise duty to give relief from rates that had touched an all-time high. This is the longest duration of no-change in prices since the daily price revision was introduced in June 2017, the data showed. Prior to that, there was an 82-day hiatus in rate revision between March 17, 2020, and June 6, 2020. On November 4, 2021, excise duty on diesel was cut by Rs 10 a litre and that on petrol by Rs 5 per litre, resulting in an equivalent reduction in retail pump rates. On that day, some states, mostly ruled by the BJP, cut local sales tax or VAT to give larger relief to consumers. Other states like Punjab and Delhi followed suit at later dates but the base price of petrol and diesel has remained unchang

Why India's policy to produce ethanol-blended petrol is short-sighted

The ambitious policy to promote ethanol-blended petrol is politically popular but will be bad for India's food and water security

'No recommendation by GST Council to bring petroleum products under GST'

Excise duty on petroleum products is calibrated time to time for generating resources for infrastructure and other developmental items of expenditure: Minister of State for Finance Pankaj Chaudhary

OMCs leave diesel, petrol prices unchanged across metros on Thursday

Diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.

Despite EV hype, will India be the last major economy to ditch auto fuels?

There are over 3 million CNG-fuelled vehicles registered in India

Govt earned Rs 8 trn from taxes on petrol, diesel in last 3 fiscals: FM

The excise duty on petrol rose from Rs 19.48 per litre as on October 5, 2018 to Rs 27.90 a litre as on November 4, 2021

Oil marketing companies keep diesel, petrol prices unchanged on Friday

Oil marketing companies kept diesel and petrol prices unchanged across major cities on Friday

Petrol in Delhi to be cheaper by Rs 8 as AAP govt decides to cut VAT

It was decided that the Value-Added Tax (VAT) on petrol will be reduced from the present 30 per cent to 19.4 per cent, leading to a cut of around Rs 8 per litre

Delhi govt likely to slash VAT on petrol, diesel prices today

In the Delhi Cabinet meeting on Wednesday, the government is likely to decrease VAT on petrol and diesel