Lucknow: The Yogi Adityanath government has decided to increase the prices of liquor, petrol and diesel in the state in order to generate additional revenue. Uttar Pradesh Finance Minister Suresh Khanna told reporters that the government will generate an additional Rs 2,350 crore through liquor and Rs 2,070 crore through the increase in the value […]
Tag: Diesel
Tax now forms 70% of petrol, diesel prices
NEW DELHI (2 MIN READ TIME): The Tuesday evening decision of the Government to raise excise duty levels on petrol and diesel by historic high levels has taken up tax component on retail price of auto fuels closer to 70 per cent level. What this means is that the bulk of the retail price a […]
Centre raises excise duty on petrol by Rs 10, diesel by Rs 13
New Delhi: The government has taken the opportunity provided by unusually low global oil prices to raise excise duty on petrol and diesel by a historically high margin to raise revenue that has been severely impacted by the Covid-19 related lockdown. It raised excise duties on petrol by Rs 10 per litre and diesel by […]
Diesel turns costlier by Rs 7.10 in Delhi, petrol price also up
New Delhi: Diesel has become costlier by Rs 7.10 per liter in Delhi while petrol prices were increased by Rs 1.67 per liter on Tuesday. The Delhi government in an order dated May 4 announced to increase the Value Added Tax (VAT) on petrol to 30 per cent from the existing 27 per cent while […]
Petrol, diesel prices can be increased further
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 […]
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 […]