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Diesel is any liquid fuel specifically designed for use in a diesel engine, a type of internal combustion engine in which fuel ignition takes place without a spark as a result of compression of the inlet air and then injection of fuel. It is produced from various sources like petroleum, biomass, animal fat, biogas, natural gas, and coal liquefaction. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revises the fuel prices daily in line with benchmark international price and foreign exchange rates. On November 3, 2021, the Centre had gone for the deepest excise duty cut ever to cool retail prices from record highs, reducing the duty on petrol by Rs 5 and on diesel by Rs 10. Many states and union territories followed the Centre's led to give further relief to consumers. The prices of diesel has remained unchanged for more than 91 days now. The price of diesel in the national capital Delhi is Rs 86.67 a litre. In the financial capital Mumbai, the price is at Rs 94.14/ litre. The diesel price in Kolkata is Rs 89.79 while that in Chennai it is Rs 91.43. More
Feb 03, 2023 05:43 PM ISTWhen asked if any cess has been imposed on petrol and diesel, Housing and Urban Development Minister Aman Arora said, "Cess has been imposed".
Jan 22, 2023 05:04 PM IST As many as 583 boats already have CNG engines and plans are afoot to replace the entire fleet of boats operating on banks of the holy city of Varanasi with environment-friendly fuel, Oil Minister Hardeep Puri said on Sunday.
Jan 17, 2023 06:25 AM IST The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 1,900 per tonne from Rs 2,100 per tonne, the order dated January 16, said.
Jan 16, 2023 08:21 PM IST As petrol marketing margins hover around Rs 10 per litre, LPG and diesel crack margins stay steady, the average oil price declines, and the currency stabilises, happy days may be here again for OMCs.
Jan 14, 2023 10:37 AM IST Budget 2023: The Budget announcement on inclusion of fuel in GST will help in reducing the overall burden of fuel prices on end users and cool inflation. There hasn't been any indication from the GST Council so far on bringing fuel under the consumption tax.
Jan 11, 2023 10:14 AM IST Oil marketing companies expect the compensation on the grounds of price freeze in retail prices of petrol and diesel despite a steep rise in crude prices overseas
Jan 08, 2023 01:31 PM IST Diesel prices would increase from Rs 83 to Rs 86.
Jan 06, 2023 02:10 PM IST Internet was quick to point out similarities between the Diesel jacket and cabbage.
Jan 03, 2023 01:42 PM IST This unified tender constitutes demand for electric buses from six Indian states & UTs Delhi, Telangana, Haryana, Surat (Gujarat), Kerala & Arunachal Pradesh, a statement said.
Jan 03, 2023 06:24 AM IST The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been increased to Rs 2,100 per tonne from Rs 1,700 per tonne, the order dated January 2, said.
Jan 01, 2023 04:45 PM IST Petrol sales soared 8.6 per cent to 2.76 million tonnes in December, as compared to 2.54 million tonnes of consumption in the same month last year.
Dec 23, 2022 02:06 PM IST In HOG, power is drawn from an overhead electric supply and the power generator cars provide a noise-free and pollution-free environment for passengers in stations.
Dec 18, 2022 08:25 AM IST In Delhi, petrol and diesel cost Rs 96.72 per litre and Rs 89.62 per litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27 per litre.
Dec 16, 2022 07:35 AM IST The government has been revising the windfall tax almost every two weeks since its introduction. After the latest revision, the tax on oil produced from domestic fields has been lowered by about 65 percent.
Dec 15, 2022 10:59 AM IST Moneycontrol conducted a poll to gauge sentiments towards crude oil prices and how fuel prices in India would, in turn, be impacted.
Dec 07, 2022 07:48 AM IST In Delhi, petrol cost Rs 96.72 a litre and diesel Rs 89.62 a litre. In Mumbai, petrol is being sold at Rs 106.31 a litre and diesel Rs 94.27 a litre.
Dec 02, 2022 10:45 PM IST OMCs reported consolidated losses of Rs 3,805.73 crore in the September quarter due to low marketing margins on the sale of petrol, diesel, and domestic LPG.
Dec 02, 2022 08:18 AM IST In Delhi, petrol and diesel cost Rs 96.72 per litre and Rs 89.62 per litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 a litre and diesel for Rs 94.27 a litre.
Dec 01, 2022 02:06 PM IST Petrol sales soared 11.7 per cent to 2.66 million tonnes in November, as compared to 2.38 million tonnes of consumption in the same month last year.
Nov 25, 2022 07:48 AM IST In Delhi, petrol and diesel cost Rs 96.72 per litre and Rs 89.62 per litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 a litre and diesel for Rs 94.27 a litre
Nov 21, 2022 06:40 AM IST The European Union will ban Russian oil product imports, on which it relies heavily for its diesel, by February 5. That will follow a ban on Russian crude taking effect in December.
Nov 09, 2022 05:02 PM IST The “mini skirt” is Diesel’s creative director Glenn Martens’ creation aimed to showcase 2000’s low-waist style.
Nov 08, 2022 07:22 PM IST Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, and Bharat Petroleum Corporation Limited struggled with low marketing margin on the sale of petrol, diesel and domestic LPG
Nov 02, 2022 09:20 PM IST Indian Oil Corporation reported net loss in the second consecutive quarter last week
Nov 01, 2022 10:09 PM IST The special additional excise duty on ATF exports has been raised from Rs 3.5 to Rs 5 per litre, and on diesel from Rs 12 to Rs 13 per litre.
