fuel price hike

States have capacity and must cut duty on petrol: NITI

States have capacity and must cut duty on petrol: NITI

The rising crude prices in the international market prompted state-owned oil companies to raise domestic prices for 11th day in a row.

May 24, 2018, 16:39 PM IST
Government may levy windfall oil tax on ONGC to soften fuel prices

Government may levy windfall oil tax on ONGC to soften fuel prices

The tax, which may come in form of a cess, will kick in the moment oil prices cross USD 70 per barrel, sources privy to the development said.

May 24, 2018, 13:22 PM IST
Petrol price crosses Rs 85 in Mumbai, no relief in sight

Petrol price crosses Rs 85 in Mumbai, no relief in sight

This is the eleventh straight day of price increase since oil PSUs on May 14 resumed daily price revision after a 19-day pre-Karnataka poll hiatus.

May 24, 2018, 10:16 AM IST
Govt working on long-term solution to fuel prices: Ravi Shankar Prasad

Govt working on long-term solution to fuel prices: Ravi Shankar Prasad

The BJP-led government had in June last year junked a 15-year old practice of revising rates every fortnight and introduced daily revisions which worked well except periods immediately preceding an election.

May 23, 2018, 18:00 PM IST
Govt should review taxes on petrol, diesel: HPCL chairman

Govt should review taxes on petrol, diesel: HPCL chairman

One trigger after another has led to the 10th consecutive day of increase in retail selling price of petrol and diesel, but there is no case for going back on benchmarking domestic rates against international prices, he said.

May 23, 2018, 15:26 PM IST
ONGC, OIL face risk of subsidy sharing: Moody's

ONGC, OIL face risk of subsidy sharing: Moody's

ONGC and OIL, it said, have not contributed to fuel subsidies since June 2015, but have in previous years paid for over 40 per cent of the country's annual subsidy bill.

May 22, 2018, 17:44 PM IST
Steps to deal with rising petrol, diesel prices likely this week

Steps to deal with rising petrol, diesel prices likely this week

The government may not rely only on cutting excise duty, which makes up for a fourth of the retail selling price, the official said but did not elaborate.

May 22, 2018, 17:03 PM IST
Increase in fuel prices due to reduced production of oil in OPEC, solution soon: Union Petroleum Minister Dharmendra Pradhan

Increase in fuel prices due to reduced production of oil in OPEC, solution soon: Union Petroleum Minister Dharmendra Pradhan

Petrol prices on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest-ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers.

May 20, 2018, 22:50 PM IST
Govt concerned about petrol, diesel price pinch, says Pradhan

Govt concerned about petrol, diesel price pinch, says Pradhan

Asked if his ministry has sought a reduction in excise duty, he said working "piecemeal" will not help.

Apr 27, 2018, 13:31 PM IST
Oil companies say no directive from govt to defer price hike

Oil companies say no directive from govt to defer price hike

This time around Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have reportedly been asked to absorb up to Re 1 a litre hike.

Apr 12, 2018, 11:18 AM IST
Government asks OMCs to absorb fuel price hike; shares slump: Report

Government asks OMCs to absorb fuel price hike; shares slump: Report

Government has reportedly asked the OMCs to absorb Re 1 per litre price hike of petrol and diesel.

Apr 11, 2018, 17:19 PM IST
Petrol, diesel should be under GST ambit, ball in Finance Ministry court: Dharmendra Pradhan

Petrol, diesel should be under GST ambit, ball in Finance Ministry court: Dharmendra Pradhan

Minister of Petroleum and Natural Gas Dharmendra Pradhan on Thursday reiterated that his ministry wants petrol and diesel to be brought under the domain of Goods and Services Tax (GST). Speaking to Zee media about petrol price reaching 4-year high and diesel touching all-time high, Pradhan blamed the increase in crude oil price.

Apr 05, 2018, 18:02 PM IST
Rahul Gandhi trolls PM Modi over fuel price hike, with a video featuring Salman Khan

Rahul Gandhi trolls PM Modi over fuel price hike, with a video featuring Salman Khan

The latest ammunition for Congress president Rahul Gandhi to target Prime Minister Narendra Modi is the hike in petrol and diesel prices. Taking to Twitter, the Congress chief attacked PM Modi, saying the poor and the middle class “bear the brunt of rising fuel prices”.

Apr 04, 2018, 16:37 PM IST
Diesel price at all-time peak, petrol hits 4-year high after 18 paise per litre increase

Diesel price at all-time peak, petrol hits 4-year high after 18 paise per litre increase

Petrol price hit a four-year high while diesel rates touched an all-time high in the national capital, renewing calls for the government to cut excise tax rates.

Apr 01, 2018, 14:00 PM IST
Petrol, diesel price on 2nd May 2017: Check out the revised rates here

Petrol, diesel price on 2nd May 2017: Check out the revised rates here

Under the dynamic pricing scheme, petrol and diesel prices will be revised on a daily basis in sync with global crude oil prices.

Jul 02, 2017, 11:33 AM IST
Petrol price cut by Rs 1.12 per litre, diesel by Rs 1.24

Petrol price cut by Rs 1.12 per litre, diesel by Rs 1.24

Petrol price cut by Rs 1.12 per litre, diesel by Rs 1.24

Jun 15, 2017, 19:30 PM IST
Prices of diesel in 10 major Indian cities

Prices of diesel in 10 major Indian cities

Prices of diesel in 10 major Indian cities

Jan 15, 2017, 23:12 PM IST
Prices of petrol in 10 major Indian cities

Prices of petrol in 10 major Indian cities

Prices of petrol in 10 major Indian cities

Jan 15, 2017, 23:03 PM IST
Petrol price hiked by 42 paisa per litre, diesel by Rs 1.03 a litre

Petrol price hiked by 42 paisa per litre, diesel by Rs 1.03 a litre

Petrol price was hiked by 42 paisa a litre and diesel by Rs 1.03 per litre by the state oil companies on Sunday. 

Jan 15, 2017, 22:35 PM IST
Prices of diesel in 10 major cities

Prices of diesel in 10 major cities

Diesel price was hiked by Rs 97 paise per litre (excluding state levies) on Sunday. 

Jan 01, 2017, 22:50 PM IST