Dec 10, 2014 at 16:19 | Source: PTI
Opposition parties contended that reduction in petrol and diesel prices domestically in the last six months was not commensurate with declining global crude oil prices and also questioned the justification of levying excise duty depriving consumers of their due benefit.
Dec 09, 2014 at 15:09 | Source: PTI
The government will get an additional Rs 10,500 crore in the current fiscal from hike in excise duty on petrol and diesel.
Dec 04, 2014 at 16:00 | Source: Moneycontrol.com
As an editorial in the Business Standard points out today, the governments move to hike excise duty on petrol and diesel twice in the past 15 days and the OMCs decision to not pass on the hike to consumer reeks of lack of freedom.
Dec 04, 2014 at 14:22 | Source: Moneycontrol.com
If oil prices move up sharply in future, that might result in under recoveries in absence of timely pass through to consumers. In that scenario, Govt may have some flexibility to lower excise duty instead of passing on entirely to consumers, says K Ravichandran, Sr. VP, Co-head, Corporate Sector Ratings, ICRA.
Dec 03, 2014 at 18:29 | Source: PTI
The government had yesterday raised excise duty on petrol by Rs 2.25 per litre and by Re 1 a litre on diesel but retail pump rates will not be increased as oil firms decided to absorb the duty change for the time being.
Dec 03, 2014 at 18:25 | Source: PTI
Referring to the increase in excise duty on petrol and diesel by Rs 2.25 and Rs one a litre respectively effective last night, PMK founder S Ramadoss today said it would affect the poor and middle class people.
Dec 03, 2014 at 10:14 | Source: Moneycontrol.com
Equity Mutual Funds delivered mixed returns as market market fell further on Tuesday after Reserve Bank of India kept policy rates unchanged and the government increased excise duty on petrol & diesel.
Dec 02, 2014 at 15:55 | Source: CNBC-TV18
In an interview to CNBC-TV18, UR Bhat, Managing Director of Dalton Capital Advisors shared his outlook on various stock specific bets and where the market is headed hereon.
Dec 02, 2014 at 14:10 | Source: Moneycontrol.com
Oil-marketing companies shares tumbled in afternoon trade after the government said it had raised excise duty on petrol and diesel by Rs 2.25 per litre and Rs 1 per litre.
Dec 02, 2014 at 14:00 | Source: Moneycontrol.com
The government has increased the excise duty on petrol and diesel for the second time in the last one month. Excise on petrol increased by Rs 2.25 per litre and on diesel by Re 1 per litre. Oil marketing companies like BPCL, HPCL and IOC declined three percent each.