New Delhi: The prices of petrol and diesel can increase further as Parliament on Monday passed Finance Bill to allow the government to increase special additional excise duty by Rs 18 and Rs 12 respectively. This compares to present limit of Rs 10 and Rs 4 for petrol and diesel respectively. The government had increased […]
Tag: Diesel
Demand for petrol, diesel falls even on lower retail prices
New Delhi: Blindsided by Covid-19, domestic demand for petrol, diesel, jet fuel and shipping fuel has fallen by over 10 per cent in the first two weeks of March even though the global oil market remained favorable for Indian consumers with sharp fall in both crude and petroleum product prices. Sources in public sector oil […]
Government increases excise duty on petrol, diesel by Rs 3 per litre
New Delhi: Government has taken the bait provided by unusually low global oil prices to raise excise duty on petrol and diesel to raise revenue that has been severely impacted by a slowing economy. It raised excise duty on petrol and diesel by Rs 3 per litre that would increase the retail price of the […]
Wait for 10 days for bigger cut in retail fuel prices
New Delhi: Indian consumers will have to wait for at least 10 more days to get the benefit of a larger fall in retail prices of petrol and diesel that has become imminent following a sharp drop in global crude prices on Monday. Following the breakdown of OPEC+ talks on production cuts and Saudi Arabia’s decision […]
Coronavirus scare: Fuel prices drop further as crude rates plunge
New Delhi: Fuel prices dropped further after international crude oil went into a free fall due major slump in demand following the global outbreak of coronavirus epidemic. The price of petrol was cut by 24-27 paise a litre and that of diesel by 25-26 a litre across all major cities in the country on Monday. […]
Petrol, diesel prices cut further on Monday
New Delhi: Fuel prices were further cut on fifth consecutive day across all major cities on Monday. The price of petrol was cut by 10-12 paise and that of diesel by 19-20 paise on Monday bringing relief to the consumers. The petrol now costs Rs 74.98 a litre in Delhi, Rs 80.58 a litre […]
Petrol, diesel prices cut for 4th straight day
New Delhi: Fuel prices continued downward spiral for the fourth consecutive day on Sunday. The price of petrol was cut by 17-19 paise and that of diesel by 16-18 paise across all major cities. The petrol now costs Rs 75.09 a litre in Delhi, Rs 80.68 a litre in Mumbai, Rs 77.68 a litre in […]
Petrol, diesel prices continue to rise on Tuesday
New Delhi: Fuel prices continued to surge as the price of petrol rose by 5 paise and that of diesel by 12 paise across all major cities on Tuesday. According to information on the Indian Oil Corporation website, petrol now costs Rs 75.74 a litre in Delhi, Rs 78.33 a litre in Kolkata, Rs 81.33 a […]
Petrol, diesel prices surge for fourth straight day
New Delhi: The Petrol and diesel prices rose again for the fourth straight day on Sunday across all major cities. Petrol price was increased by 9 paise per litre and that of diesel by 11 paise, as per the information on the Indian Oil Corporation website. Petrol now costs Rs 75.54 a litre in Delhi, Rs […]
Oil prices jump 4% after US air strike
Mumbai: Global oil prices jumped over 3 per cent on Friday after a US airstrike ordered by President Donald Trump killed a top Iranian general in Iraq. The sharp jump followed the attack over fears of conflict between two of the worlds largest oil producing nations. Global benchmark, Brent, was trading 3.20 per cent higher at […]