New Delhi/Mumbai: Petrol and diesel prices are set to increase from Friday midnight as Finance Minister Nirmala Sitharaman announced an additional special excise duty (SAED) of Re 1 and a road and infrastructure cess of Re 1 per litre on both the transport fuel while presenting the Union Budget 2019-20. Currently, an SAED of Rs 7 […]
Tag: Diesel
FM announces excise duty hike, petrol, diesel to go up
New Delhi: Petrol and diesel prices are set to increase from Friday midnight as Finance Minister Nirmala Sitharaman announced an additional special excise duty (SAED) of Re 1 and a road and infrastructure cess of Re 1 per litre on both the transport fuel while presenting the Union Budget 2019-20. Currently, an SAED of Rs […]
Petrol, diesel set to become costlier as Finance Minister hikes taxes
Union Finance Minister Nirmala Sitharaman, while presenting the budget 2019-20, proposed to increase additional excise duty and road and infrastructure cess each by Re 1/litre on petrol and diesel. This will led to an increase in prices of petrol and diesel. Sitharaman said that softening of crude oil prices has given her a room to review […]
With poll control ending, petrol/diesel prices start their journey northwards
New Delhi: Just a day after the 2019 Lok Sabha polls came to an end, state-owned oil marketing companies (OMC) on Monday have raised the retail price of petrol and diesel signalling that election induced price moderation for petroleum products has come to an end. On Monday, petrol prices increased by 9 paisa per litre to […]
Rahul promises to bring petrol, diesel under GST
New Delhi: Congress President Rahul Gandhi said on Wednesday that key petroleum products will be brought under the ambit of Goods and Services Tax (GST) to lower inflation if the party came to power after the Lok Sabha elections. “We are aware that the common man is distressed due to rising prices. In order to […]
Post-poll: Brace for up to Rs 5 and Rs 3 per litre raise in petrol, diesel prices
New Delhi: Petrol and diesel prices may increase sharply soon after new government comes to power at the Centre with oil companies looking to raise the retail price of the two transport fuels between Rs 3-5 per litre in phases and make up for losses they incurred by keeping the prices at artificially low levels […]
Petrol price down 7 paise, diesel dips 8 paise
New Delhi: Petrol prices declined by 7 paise across the metropolitan cities on Thursday after remaining unchanged for the last two days, data from the Indian Oil Corp’s website showed. In the national capital, petrol was priced at Rs 72.71 per litre, down from Rs 72.78 on Wednesday. In Kolkata, Mumbai and Chennai, price of […]
Oil companies maintain check, petrol and diesel may remain soft till elections end
New Delhi: Rising retail price of petrol and diesel prices is unlikely to become a problem for the ruling NDA government in the coming general elections as it seems to have tempered its policy of market-determined retail pricing of petroleum products that were hitherto being revised on a daily basis based on international prices. The […]
Petrol, diesel see big price hikes on Sunday
New Delhi | Transport fuel rates were hiked sharply on Sunday as global crude oil rates continued to climb handsomely following the implementation of output cuts by global oil producers from January 1. State-run oil marketing companies increased petrol rates by 23 paise per litre while diesel prices went up by 29-31 paise across the […]
Petrol, diesel see sharp price rise on Sunday
New Delhi | Transport fuel rates were hiked for the fifth time this month and saw their steepest rise on Sunday, amid global crude oil rates continuing to climb handsomely following the implementation of output cuts by oil producers from January 1. State-run oil marketing companies increased petrol rates by 49-60 paise per litre on […]