हिंदी में पढ़ें

Petrol

Petrol to be cheaper from September 18, Windfall tax on crude petroleum slashed to zero

Petrol to be cheaper from September 18, Windfall tax on crude petroleum slashed to zero

Wed, Sep 18, 2024

In a move that can ease burdern on common man's pocket in near future, the government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18. The reduction could make petrol, diesel cheaper.

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).

HPCL Q1 FY25 Results: Net profit tumbles 87.5% sequentially, misses Street estimates; catch key takeaways here

HPCL Q1 FY25 Results: Net profit tumbles 87.5% sequentially, misses Street estimates; catch key takeaways here

Mon, Jul 29, 2024

HPCL Q1 FY25 Results: State-run oil marketing company (OMC) Hindustan Petroleum Corporation Ltd (HPCL) registered a sequential fall of its standalone net profit for the April-June period, much worse than analysts' expectations. Here are key takeaways from HPCL's financial results for the first quarter of the current financial year.

TRENDING NOW

Petrol price today: In Delhi, Mumbai and other cities, no respite in sight! Details here

Petrol price today: In Delhi, Mumbai and other cities, no respite in sight! Details here

Sat, Sep 08, 2018

Petrol price hike: The oil marketing companies raised petrol prices by 39 paise a litre and diesel by 44 paise per litre on Saturday.

Fuel on fire: Petrol, diesel prices at record-high as rupee plunges against dollar

Fuel on fire: Petrol, diesel prices at record-high as rupee plunges against dollar

Mon, Sep 03, 2018

A litre of petrol in Mumbai costs Rs 86.56 on Monday, while a litre of diesel now costs Rs 75.54 per litre in the financial capital.

Per capita petrol consumption in India: Goa is crowned king

Per capita petrol consumption in India: Goa is crowned king

Tue, Jul 17, 2018

Per capita petrol and diesel consumption in Goa is many times more than the national average. According to oil ministry data per capita sales of petrol in Goa was 119.7 kg in 2017-18, which is six times the national average of 19 kg.

Petrol, diesel price hiked for 1st time in more than a month

Petrol, diesel price hiked for 1st time in more than a month

Thu, Jul 05, 2018

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38, according to price notification of Indian Oil Corp (IOC). The three state-owned fuel retailers, IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had not revised petrol and diesel prices since June 26.

Will inclusion of petrol, diesel in GST net bring uniformity in taxation?

Will inclusion of petrol, diesel in GST net bring uniformity in taxation?

Sun, Jul 01, 2018

The demand to bring petroleum products under the ambit of the goods and services tax (GST) has been raised by different segments, with the skyrocketing prices of petrol and diesel. Experts opine that the government should take steps to include petroleum products under GST in the current financial year, but this needs a strong will power on the part of the government because these products have cascading effect and half-hearted approach, just to placate people, will not serve the purpose.

Bringing petrol and diesel under GST impractical: NITI Aayog Vice Chairman

Bringing petrol and diesel under GST impractical: NITI Aayog Vice Chairman

Mon, Jun 25, 2018

Petroleum is the taxation milch cow for the central and the state governments and it is unlikely to be brought under the Goods and Services Tax (GST) any time soon.

Petrol, diesel prices row: Reduction in duties best solution to check rates, says Assocham

Petrol, diesel prices row: Reduction in duties best solution to check rates, says Assocham

Fri, Jun 08, 2018

Reducing taxes is the best solution to check the spurt in fuel prices which would also tremendously help India on the exports front, industry body Assocham said today. It will make India's exports competitive, bring down current account deficit and we may also no longer see the rupee depreciating, Assocham Secretary General D S Rawat said in a statement released here.

Petrol price cut for first time after 16 days' aggressive hikes

Petrol price cut for first time after 16 days' aggressive hikes

Wed, May 30, 2018

After 16 days of consecutive price hikes, petrol and diesel prices were today cut by 60 paise a litre and 56 paise per litre, on the back of softening international oil rates and strengthening Indian rupee.

IOC website makes clerical error, petrol, diesel prices actually cut by just 1 paisa each

IOC website makes clerical error, petrol, diesel prices actually cut by just 1 paisa each

Wed, May 30, 2018

A huge mistake by IOC website created havoc in the markets today. It was announced in early morning by IOC that petrol, diesel prices have been cut after weeks of hikes.

Petrol price in this country is so low, it will bring tears to your eyes

Petrol price in this country is so low, it will bring tears to your eyes

Tue, May 29, 2018

The differences in prices across the countries are due to various taxes and subsidies imposed by the government on petrol and other products. All countries have access to the same petroleum prices, but they impose different taxes and as a result petrol prices differ from country to country. Oil producers have the best time, but even here prices depend on what the government wants.

Oil sinks further as OPEC and Russia look to raise output

Oil sinks further as OPEC and Russia look to raise output

Mon, May 28, 2018

The Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia began withholding 1.8 million barrels per day (bpd) of supplies in 2017 to tighten the market and prop up prices that in 2016 fell to their lowest in more than a decade at less than $30 a barrel.

Petrol, diesel price hikes: Centre open to bringing fuel under GST

Petrol, diesel price hikes: Centre open to bringing fuel under GST

Fri, May 25, 2018

Finance Minister Goyal said the government was concerned about the rise in fuel prices and the issue of bringing it under the ambit of GST had repeatedly come under discussion. "There will be more discussion on the issue during the next GST Council meet. All decisions are taken with consensus among all states.

Bring petrol, diesel prices under GST, says Maharashtra CM Devendra Fadnavis

Bring petrol, diesel prices under GST, says Maharashtra CM Devendra Fadnavis

Thu, May 24, 2018

Petrol and diesel prices were raised for the 11th day in succession today as the state-owned oil firms gradually passed on to the consumer the increased cost of international oil that had accumulated since a 19-day freeze was imposed just before Karnataka elections.

Petrol, diesel price hikes: Centre mulling immediate solution, says Pradhan

Petrol, diesel price hikes: Centre mulling immediate solution, says Pradhan

Thu, May 24, 2018

Union Oil Minister Dharmendra Pradhan said the central government had in October last year reduced the excise on fuel by Rs 2 per litre keeping in view the interest of the poor people. This time the Centre is looking at both short and long term solutions, he said. On the reason behind the rise of petrol and diesel prices in India Pradhan said, "The political difference between two oil producing countries Iran and Venezuela has been a major cause behind the rise in the price of fuel in the international market."

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

Why are petrol, diesel prices not costing you more? Here is truth

Why are petrol, diesel prices not costing you more? Here is truth

Wed, May 09, 2018

IOC Chairman Sanjiv Singh has said that the company has decided to "temporarily moderate" prices to avoid creating panic among consumers. However, he added that retail prices will rise if the current trend in international oil prices continues. Speaking to media persons, Singh said, "We have decided to temporarily moderate retail prices by not passing on the required increase as we believe the current international oil product prices are not supported by fundamentals. So we have decided to wait for a while."

Load More

LIVE TV

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x