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Not opposed to petrol & diesel but we need to be more responsible towards environment & citizens: Nitin Gadkari

Not opposed to petrol & diesel but we need to be more responsible towards environment & citizens: Nitin Gadkari

Tue, Sep 10, 2024

Union Minister Road Transport and Highways Nitin Gadkari has said that the central government is not against the use of non-renewable fuels but its responsibility towards the people of the country and the environment inspires it to promote electric vehicles (EVs).

Is the sugar industry ready for supply?

Is the sugar industry ready for supply?

Tue, Aug 13, 2024

After petrol, now ethanol will be available in diesel! Is the sugar industry ready for supply? What will be the impact on sugar prices? Watch Zee Business' exclusive conversation with Atul Chaturvedi, Executive Chairman, Shree Renuka Sugars.

Sugar shares in focus, which companies will get the benefit?

Sugar shares in focus, which companies will get the benefit?

Tue, Aug 13, 2024

Sugar shares in focus, government plans to blend 5% ethanol in diesel also, the target of 20% ethanol blending may be achieved before time, know which companies will get the benefit?

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Petrol, diesel price hike fallout: Windfall oil tax on ONGC in offing to soften fuel prices

Petrol, diesel price hike fallout: Windfall oil tax on ONGC in offing to soften fuel prices

Thu, May 24, 2018

The revenues so collected would be used to pay fuel retailers so that they absorb spikes beyond the threshold levels, they said. This may be accompanied by a minor tinkering with excise duty rates to give immediate relief to consumers. States too would be asked to cut sales tax or VAT to show a visible impact on retail prices.

Petrol prices at historic highs, breach Rs 85-mark today after yet another hike; diesel prices rise by 19 paise

Petrol prices at historic highs, breach Rs 85-mark today after yet another hike; diesel prices rise by 19 paise

Thu, May 24, 2018

The government on Wednesday indicated that it could change the way pump prices are calculated. In June last year, the government had junked a 15-year old practice of revising rates every fortnight, introducing daily revisions. The new policy worked well except in periods immediately preceding elections when it was put on hold. There was a 19-day freeze in revising rates before Karnataka went to assembly polls, and after May 14, rates have gone up by Rs 2.54 a litre in case of petrol and Rs 2.41 in diesel.

Why Maharashtrians may not get relief even as petrol price nears Rs 85 mark

Why Maharashtrians may not get relief even as petrol price nears Rs 85 mark

Wed, May 23, 2018

A public debt of Rs 4.50 lakh crore, annual outgoing of Rs 1.30 lakh crore towards wages and interest payment, burgeoning revenue, fiscal deficits and higher spending on infrastructure and welfare projects make it nearly impossible for the BJP led government in Maharashtra to gift any leeway in VAT/Sales Tax on petrol and diesel.

Rs 4 a litre hike in petrol, diesel prices in offing

Rs 4 a litre hike in petrol, diesel prices in offing

Thu, May 17, 2018

A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said. No sooner had Karnataka polled to elect a new state government, state-owned Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) on Monday ended a 19-day hiatus in revising petrol and diesel prices

Freeze on fuel prices hike timing, Karnataka election coincidental, says IOC chief

Freeze on fuel prices hike timing, Karnataka election coincidental, says IOC chief

Fri, May 11, 2018

Indian Oil Corporation (IOC) Chairman Sanjiv Singh today said the decision of oil PSUs not to hike petrol and diesel prices since April 24 was aimed .at stabilising them and it 'incidentally' coincided with Karnataka elections. He said before prices were stabilised, there were daily spikes varying from 25 paise to 35 paise

Petrol price today hit 4-year high, diesel at highest level

Petrol price today hit 4-year high, diesel at highest level

Sun, Apr 01, 2018

The Oil Ministry had earlier this year sought a reduction in excise duty on petrol an diesel to cushion the impact rising international oil rates but Finance Minister Arun Jaitley in his Budget presented on February 1 ignored those calls. India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for half of the pump rates.

Now get fuel delivered to your doorstep; all you need to know

Now get fuel delivered to your doorstep; all you need to know

Tue, Mar 27, 2018

The government along with state-owned oil companies have taken one step further for the convenience of customers, with the commencement of ‘home delivery of diesel’ services.

Petrol prices today slightly higher; check out city-wise variation

Petrol prices today slightly higher; check out city-wise variation

Sun, Mar 11, 2018

Petrol prices: Petrol price in Delhi quoted at Rs 72.48, against yesterday's Rs 72.46, while the price in Kolkata was at Rs 75.21, slightly higher than the previous day's price of Rs 75.19

Petrol, diesel prices slightly higher today

Petrol, diesel prices slightly higher today

Tue, Mar 06, 2018

Petrol prices in Mumbai were Rs 80.26 against Rs 80.19 in the previous day, while in Chennai it was Rs 75.07 against yesterday's price of Rs75.00

Diesel price up in range of 10 paisa to 11 paisa today

Diesel price up in range of 10 paisa to 11 paisa today

Thu, Mar 01, 2018

Diesel was available at Rs 62.258 per litre in New Delhi, Rs 64.94 per litre in Kolkata, Rs 66.30 per litre in Mumbai and Rs 65.63 per litre in Chennai.

Petrol, Diesel prices surge in India as global crude extend gains to two-week high

Petrol, Diesel prices surge in India as global crude extend gains to two-week high

Mon, Feb 26, 2018

US West Texas Intermediate crude for April delivery was up 25 cents, or 0.4%, at $63.80 a barrel by 0301 GMT after rising 3% last week.

Volkswagen supervisory board demands inquiry into diesel fume tests

Volkswagen supervisory board demands inquiry into diesel fume tests

Mon, Jan 29, 2018

Volkswagen`s supervisory board called on Monday for an immediate inquiry into who ordered scientific tests in which monkeys were exposed to toxic diesel fumes, while the German government said such studies were unjustifiable.

Oil & gas industry seeks infra status, lower taxes in Budget

Oil & gas industry seeks infra status, lower taxes in Budget

Thu, Jan 25, 2018

The oil and gas industry has sought infrastructure status for the exploration and production sector as also lowering of taxes on locally produced oil to boost domestic output and cut import dependence.

PM Modi launches $6.8 billion refinery in Rajasthan

PM Modi launches $6.8 billion refinery in Rajasthan

Tue, Jan 16, 2018

Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand.

Diesel, Petrol prices soar up across states

Diesel, Petrol prices soar up across states

Wed, Dec 27, 2017

Some states such as Maharashtra and Gujarat, responding to Centre's request to cut local duties, also reduced VAT on petrol and diesel. In these states, price rise has been slower.

Govt OMCs to introduce e-key facility for petrol pump dealers

Govt OMCs to introduce e-key facility for petrol pump dealers

Wed, Dec 20, 2017

As many as 40 BPCL outlets in Delhi are using this e-key facility, and other 500 BPCL outlets are likely to receive this facility by early next year.

Govt favours including petro-products in GST ambit after consensus: Jaitley

Govt favours including petro-products in GST ambit after consensus: Jaitley

Tue, Dec 19, 2017

The Centre favours including petroleum products in the ambit of the Goods and Services Tax (GST) but it would want a consensus with the states before taking such a step, Finance minister Arun Jaitley said today.

Excise duty on petrol, diesel cut by Rs 2 per litre; revenue loss of Rs 13,000 crore in FY18

Excise duty on petrol, diesel cut by Rs 2 per litre; revenue loss of Rs 13,000 crore in FY18

Tue, Oct 03, 2017

Petrol and diesel prices have reached to a three year high since the time they have undergone daily revision - which has impacted India's Wholesale Price Index (WPI) inflation too.

You can soon buy petrol, diesel online

You can soon buy petrol, diesel online

Thu, Sep 28, 2017

Oil Ministry plans took make petrol and diesel products available for Indian citizen. So far, only price change in these petroleum products can be seen online.

Petrol cost highest in three years; diesel hiked by Rs 3.67 since July

Petrol cost highest in three years; diesel hiked by Rs 3.67 since July

Sun, Aug 27, 2017

A litre of petrol costs Rs 69.04 a litre in Delhi, the highest since second-half of August 2014 when it was priced at Rs 70.33.

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