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diesel

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

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  • Fuel to cost more in Punjab; state government imposes 90 paise per litre cess on petrol, diesel Feb 03, 2023 05:43 PM IST

    Fuel to cost more in Punjab; state government imposes 90 paise per litre cess on petrol, diesel

    When asked if any cess has been imposed on petrol and diesel, Housing and Urban Development Minister Aman Arora said, "Cess has been imposed".

  • CNG replaces diesel as fuel on boats in Varanasi Jan 22, 2023 05:04 PM IST

    CNG replaces diesel as fuel on boats in Varanasi

    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.

  • Govt cuts windfall tax on crude oil, export of diesel, ATF Jan 17, 2023 06:25 AM IST

    Govt cuts windfall tax on crude oil, export of diesel, ATF

    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.

  • Oil marketing PSUs may put up better Q3 show on lower marketing losses Jan 16, 2023 08:21 PM IST

    Oil marketing PSUs may put up better Q3 show on lower marketing losses

    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.

  • This Budget move by FM Nirmala Sitharaman can help reduce petrol & diesel prices, cool inflation Jan 14, 2023 10:37 AM IST

    This Budget move by FM Nirmala Sitharaman can help reduce petrol & diesel prices, cool inflation

    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.

  • State-run oil marketers seek Rs 50,000-crore damages on retail sale losses: Sources Jan 11, 2023 10:14 AM IST

    State-run oil marketers seek Rs 50,000-crore damages on retail sale losses: Sources

    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

  • Himachal Pradesh revises petrol, diesel rates. Details here Jan 08, 2023 01:31 PM IST

    Himachal Pradesh revises petrol, diesel rates. Details here

    Diesel prices would increase from Rs 83 to Rs 86.

  • Diesel's Rs 60,000 jacket reminds Twitter of cabbage, PUBG's ghillie suit and more Jan 06, 2023 02:10 PM IST

    Diesel's Rs 60,000 jacket reminds Twitter of cabbage, PUBG's ghillie suit and more

    Internet was quick to point out similarities between the Diesel jacket and cabbage.

  • E-bus tender discovers 29% lower price than diesel ones: CESL Jan 03, 2023 01:42 PM IST

    E-bus tender discovers 29% lower price than diesel ones: CESL

    This unified tender constitutes demand for electric buses from six Indian states & UTs Delhi, Telangana, Haryana, Surat (Gujarat), Kerala & Arunachal Pradesh, a statement said.

  • Govt hikes windfall tax on crude oil, export of diesel, ATF Jan 03, 2023 06:24 AM IST

    Govt hikes windfall tax on crude oil, export of diesel, ATF

    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.

  • Petrol, diesel sales surge in December as economy picks up momentum Jan 01, 2023 04:45 PM IST

    Petrol, diesel sales surge in December as economy picks up momentum

    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.

  • Over Rs 118 crore diesel cost saved from April-November by using environment-friendly tech: ECoR Dec 23, 2022 02:06 PM IST

    Over Rs 118 crore diesel cost saved from April-November by using environment-friendly tech: ECoR

    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.

  • Fuel Prices on December 18: Check petrol, diesel rates in Delhi, Mumbai and other cities Dec 18, 2022 08:25 AM IST

    Fuel Prices on December 18: Check petrol, diesel rates in Delhi, Mumbai and other cities

    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.

  • Centre slashes windfall tax on domestic crude to Rs 1,700 a tonne Dec 16, 2022 07:35 AM IST

    Centre slashes windfall tax on domestic crude to Rs 1,700 a tonne

    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.

  • Crude on course to spike by March but may trade below $100 a barrel: MC Poll Dec 15, 2022 10:59 AM IST

    Crude on course to spike by March but may trade below $100 a barrel: MC Poll

    Moneycontrol conducted a poll to gauge sentiments towards crude oil prices and how fuel prices in India would, in turn, be impacted.

  • Fuel Prices on December 7: Check petrol, diesel rates in Delhi, Mumbai and other cities Dec 07, 2022 07:48 AM IST

    Fuel Prices on December 7: Check petrol, diesel rates in Delhi, Mumbai and other cities

    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.

  • Petroleum Ministry to seek compensation for OMC losses on sale of petrol, diesel due to price freeze: Top official Dec 02, 2022 10:45 PM IST

    Petroleum Ministry to seek compensation for OMC losses on sale of petrol, diesel due to price freeze: Top official

    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.

  • Fuel Prices on December 2: Check petrol, diesel rates in Delhi, Mumbai and other cities Dec 02, 2022 08:18 AM IST

    Fuel Prices on December 2: Check petrol, diesel rates in Delhi, Mumbai and other cities

    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.

  • Petrol, diesel sales see double-digit growth in November Dec 01, 2022 02:06 PM IST

    Petrol, diesel sales see double-digit growth in November

    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.

  • Fuel Prices on November 25: Check petrol, diesel rates in Delhi, Mumbai and other cities Nov 25, 2022 07:48 AM IST

    Fuel Prices on November 25: Check petrol, diesel rates in Delhi, Mumbai and other cities

    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

  • Europe rushes to fill up on Russian diesel before ban begins Nov 21, 2022 06:40 AM IST

    Europe rushes to fill up on Russian diesel before ban begins

    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.

  • Diesel's Rs 74,000 skirt that apparently looks like a belt has internet confused Nov 09, 2022 05:02 PM IST

    Diesel's Rs 74,000 skirt that apparently looks like a belt has internet confused

    The “mini skirt” is Diesel’s creative director Glenn Martens’ creation aimed to showcase 2000’s low-waist style.

  • State-run OMCs report consolidated loss of Rs 3805 crore in second quarter Nov 08, 2022 07:22 PM IST

    State-run OMCs report consolidated loss of Rs 3805 crore in second quarter

    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

  • OMCs still making under-recovery on diesel sale: Hardeep Singh Puri Nov 02, 2022 09:20 PM IST

    OMCs still making under-recovery on diesel sale: Hardeep Singh Puri

    Indian Oil Corporation reported net loss in the second consecutive quarter last week

  • Windfall tax on crude petroleum slashed to Rs 9,500 per tonne, hiked on ATF, diesel exports Nov 01, 2022 10:09 PM IST

    Windfall tax on crude petroleum slashed to Rs 9,500 per tonne, hiked on ATF, diesel exports

    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.