Petrol price hike

Karnataka petrol, diesel tax hike: BJP says Congress betrayed people, Centre monopolised tax collection, Siddaramaiah retorts

June 18, 2024 12:46 pm

The BJP protested the increase in sales tax on petrol and diesel, while Siddaramaiah said the Centre's actions made it inevitable.

Inability to hike petrol, diesel prices ahead of 2024 LS polls to weaken OMCs’ profitability: Moody’s

October 07, 2023 4:19 pm

Although petrol and diesel prices are deregulated, the three OMCs in the past have kept fuel prices frozen around key elections, particularly if the global rates dictated a price increase.

India’s petroleum use at record high in FY23 on surging fuel demand

April 11, 2023 1:02 am

For the year ended March, consumption of major fuels--diesel, petrol, and liquefied petroleum gas (LPG)--broke all previous records. Petroleum product consumption is considered a measure for crude oil demand, alongside being a proxy for tracking industrial activity and domestic consumption trends.

Pakistan government raises fuel prices ahead of Ramzan; petrol now costs PKR 272 per litre

March 16, 2023 11:07 am

Petrol has increased by PKR 5 per litre and high-speed diesel by PKR 13 per litre, while kerosene oil has only increased by PKR 2.56 by reducing the government's dues.

Ban on wheat shipments, 15 per cent duty on gold imports, cesses on fuel exports — decisions show short-termism

July 04, 2022 8:42 am

By importing Russian crude shunned by western buyers at below international prices and re-exporting refined products to those very countries, private oil companies have been earning “phenomenal profits” even while reducing domestic sales, according to Finance Minister Nirmala Sitharaman.

Calibrated, coordinated action is needed by Centre & states to address the issue of high fuel prices

April 30, 2022 9:44 am

Governments at both the central and state level could perhaps consider building in some counter-cyclicality in the taxes levied — cut taxes when prices are high, maintain stability when prices fall.

Congress' women wing leader heckles Union Minister Irani on IndiGo flight over inflation issue

April 10, 2022 7:56 pm

All India Mahila Congress acting president Netta D'Souza posted a short video of the incident on Twitter where she asks Women and Child Development Minister Irani about the rising prices of cooking gas and petrol.

Post another hike, petrol above Rs 100 in major cities

April 04, 2022 6:47 am

Petrol in Delhi will now cost Rs 103.41 per litre as against Rs 102.61 previously while diesel rates have gone up from Rs 93.87 per litre to Rs 94.67, according to a price notification of state fuel retailers.

FY22: Higher petroleum products, gem shipments take exports to record high

April 04, 2022 6:32 am

FY22 is also expected to mark record high imports and trade deficit for India, with imports for the first 11 months of the fiscal having grown by 59.2 per cent to $550.1 billion and almost doubling India’s trade deficit to $176.1 billion in the period.

Fuel prices hiked: Fourth rise in 5 days

March 27, 2022 1:32 am

In four increases, petrol and diesel prices have gone up by Rs 3.20 a litre.

Petrol Price Hiked By Rs. 2.58, Diesel By Rs. 2.26/Litre

June 01, 2016 5:54 pm