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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 hiked by Rs 1.39 per litre, diesel up by Rs 1.04

Petrol price hiked by Rs 1.39 per litre, diesel up by Rs 1.04

Sun, Apr 16, 2017

The hike comes the on back of a Rs 4.85 per litre reduction in rates of petrol and Rs 3.41 a litre in diesel effected from April 1.

Crude oil eases for second day on rising U.S. inventories

Crude oil eases for second day on rising U.S. inventories

Thu, Apr 13, 2017

Crude oil futures slid for a second session on Thursday, moving away from a one-month high touched in the last session as rising U.S. inventories stoked worries about global oversupply.

India's fuel demand fell 0.6% year-on-year in March

India's fuel demand fell 0.6% year-on-year in March

Tue, Apr 11, 2017

India`s fuel demand fell 0.6 % in March compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.36 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Petrol price cut by Rs 3.77 a litre, diesel by Rs 2.91

Petrol price cut by Rs 3.77 a litre, diesel by Rs 2.91

Sat, Apr 01, 2017

IOC said the movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.

Budget 2017: Govt may cut excise duty on petrol

Budget 2017: Govt may cut excise duty on petrol

Fri, Jan 27, 2017

Excise duty on petrol and diesel might be reduced in the upcoming budget, sources told Zee Business. Alok Priyadarshi reports that there is a possibility of excise duty reduction by Rs 2 per litre on petrol and Rs 3 per litre on diesel.

Petrol, diesel prices hiked as global oil prices rise

Petrol, diesel prices hiked as global oil prices rise

Sun, Jan 01, 2017

Indian Oil Corporation Ltd (IOCL) on Sunday said that it has hiked prices of petrol and diesel by Rs 1.29 and Rs 0.97 per litre, respectively.

Petrol price hiked by Rs 2.21, diesel by Rs 1.79

Petrol price hiked by Rs 2.21, diesel by Rs 1.79

Thu, Dec 15, 2016

State-owned Indian Oil Corporation Ltd (IOCL) on Friday evening raised prices of petrol by Rs 2.21 and diesel by Rs 1.70 per litre.

India's fuel demand rose 12% year-on-year in November

India's fuel demand rose 12% year-on-year in November

Tue, Dec 13, 2016

India`s fuel demand rose 12.1 % in November compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 16.64 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Discount on petrol, diesel buy via digital mode from midnight

Discount on petrol, diesel buy via digital mode from midnight

Mon, Dec 12, 2016

Petrol is currently sold at Rs 66.10 per litre in Delhi while a litre of diesel costs Rs 54.57.

Demonetisation: Now, first pay and then get petrol in Goa

Demonetisation: Now, first pay and then get petrol in Goa

Sun, Nov 20, 2016

All the petrol pumps in Goa were committed to accept old currency notes till November 24 as notified by the government.

India's oil demand drops in September as prices rise to year's high

India's oil demand drops in September as prices rise to year's high

Tue, Oct 18, 2016

Petrol and diesel demand in India for the month of September fell to its lowest point this year, data released by Petroleum Planning & Analysis Cell of Ministry of Petroleum & Natural Gas showed.

Petrol price hiked by 14 paise; diesel by 10 paise per litre

Petrol price hiked by 14 paise; diesel by 10 paise per litre

Tue, Oct 04, 2016

That was the third the company had increased the rates of petrol in the September month.

Maharashtra govt hikes VAT; Petrol, two-wheelers,TVs to get dearer

Maharashtra govt hikes VAT; Petrol, two-wheelers,TVs to get dearer

Sat, Sep 17, 2016

In an attempt to generate additional revenue the Maharashtra state government on Friday hiked the value added tax (VAT) on petrol and petrol products, light vehicles, consumer durables and furniture, among other things, reported a leading daily newspaper on Saturday.

Petrol price hiked by Rs 58 paise; Diesel price gets cut by Rs 31 paise

Petrol price hiked by Rs 58 paise; Diesel price gets cut by Rs 31 paise

Thu, Sep 15, 2016

“The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant increase in selling price of Petrol and decrease in selling prices of Diesel, the impact of which is being passed on to the consumers with this price revision.” said IOC.

Petrol pump dealers threaten to protest against 'no helmet, no fuel' rule

Petrol pump dealers threaten to protest against 'no helmet, no fuel' rule

Thu, Jul 28, 2016

Petrol pump dealers across Maharashtra on Wednesday threatened to stop the purchase of new stock of fuel from August 1 if the government fails to withdraw 'no helmet, no fuel' rule for two-wheelers.

Global oil refiners lose appeal for petrol

Global oil refiners lose appeal for petrol

Thu, Jun 16, 2016

Refiners in Europe, Asia and the United States, from the mighty ExxonMobil down to smaller players such as Italy's Saras, amped up the proportion of gasoline they churned out to cash in on record driver demand.

Government mulls Rs 10,000 crore to increase use of bioenergy next fiscal

Government mulls Rs 10,000 crore to increase use of bioenergy next fiscal

Tue, Jun 14, 2016

The Centre is planning to launch an integrated bioenergy mission with an outlay of Rs 10,000 crore from next fiscal to enhance use of bio-fuels like ethanol and biogas for reducing consumption of fossil fuels.

Say goodbye to your salary! Prices of these items, petrol, air travel, non-subsidised LPG cylinder are higher from June 1

Say goodbye to your salary! Prices of these items, petrol, air travel, non-subsidised LPG cylinder are higher from June 1

Wed, Jun 01, 2016

Many products such as cars, air tickets, cigarettes and even branded clothing will become more expensive from today. Apart from this you can also expect the prices of essentials such as food items including vegetables and other staples to increase.

Petrol price hiked by Rs 2.58, diesel by Rs 2.26 per litre

Petrol price hiked by Rs 2.58, diesel by Rs 2.26 per litre

Tue, May 31, 2016

The price of petrol in Delhi will be Rs. 65.60 per litre (including State levies), while one litre diesel will cost Rs. 53.93.

Petrol price hiked by 83 paisa, diesel by 1.26 per litre

Petrol price hiked by 83 paisa, diesel by 1.26 per litre

Tue, May 17, 2016

On May 1, the fuel rates were hiked by Rs 1.06 per litre on petrol and Rs 2.94 per litre on diesel.

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