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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.

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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

Petrol price hiked by 6 paisa per litre today

Petrol price hiked by 6 paisa per litre today

Thu, Mar 01, 2018

Petrol prices on Thursday stood at Rs 71.57 per litre in New Delhi, Rs 74.32 per litre in Kolkata, Rs 79.45 per litre in Mumbai and Rs 74.21 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.

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.

Petrol, diesel likely to get costlier in Delhi

Petrol, diesel likely to get costlier in Delhi

Mon, Jan 15, 2018

Delhiites might soon have to pay more for motor fuel, a sequel to an earlier decision by the Delhi Development Authority (DDA), the land allotment agency, putting outlets retailing these in the same commercial category as malls, as reported by Business Standard.

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.

OMCs hike petrol pump dealers' commissions

OMCs hike petrol pump dealers' commissions

Fri, Aug 04, 2017

State-run oil marketing companies (OMCs) have hiked commissions paid to fuel pump dealers by up to 43 per cent for petrol and by up to 59 per cent for diesel, effective from the start of this month, Indian Oil Corp (IOC) has announced.

Petrol, diesel prices for July 7, 2017: We tell you city-wise rates

Petrol, diesel prices for July 7, 2017: We tell you city-wise rates

Fri, Jul 07, 2017

For July 7, 2017 petrol prices in New Delhi were Rs 63.33 per litre, Kolkata at Rs 66.33 per litre, Rs 74.54 per litre in Mumbai and Rs 65.72 per litre in Chennai.

Petrol and diesel prices in your city as on July 6, 2017

Petrol and diesel prices in your city as on July 6, 2017

Thu, Jul 06, 2017

Petrol price in India rose 11 paise and that of diesel was hiked by 17 paise on July 6, 2017. It has been nearly 20 days since oil companies in India starting changing prices of petrol and diesel on a daily basis calling it dynamic pricing.

4.500 Maharashtra petrol pumps to remain shut on Sundays

4.500 Maharashtra petrol pumps to remain shut on Sundays

Fri, May 12, 2017

The move will hit 225 petrol pumps in Mumbai alone, Federation of All Maharashtra Petrol Dealers Association (FAMPEDA) President Uday Lodh said.

Oil ministry mulls home delivery of petrol, diesel

Oil ministry mulls home delivery of petrol, diesel

Fri, Apr 21, 2017

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

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