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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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    • XP100 petrol hits Rs 160, jet fuel up 8.5% to Rs 1.04 lakh/kl as energy prices surge amid West Asia War

      Marketed as India's first 100-octane fuel, XP100 is tailored for high-performance luxury cars and superbikes, offering improved engine efficiency

    • India supplies 5,000 tons of diesel to Bangladesh amid fuel crisis

      The diesel is being supplied from the refinery located at Numaligarh Refinery in Assam, India, via a pipeline through the India-Bangladesh Friendship Pipeline to Parbatipur depot in Bangladesh.

    • Govt to lose Rs 5,500 crore every fortnight after fuel duty tweaks

      A back-of-the-envelope calculation shows that annualised revenue for FY27 will be around Rs 1.43 lakh crore, assuming the these changes remain in place for the full year

    • Govt faces up to Rs 1.2 lakh crore revenue hit in FY27 following petrol, diesel excise cuts

      The revenue loss estimate accounts for additional revenue from the windfall tax levied on fuel exports

    • Delhi govt caps commercial LPG supply at 20%, announces priority allocation to these 8 categories

      New Delhi, Mar 14 The Delhi government issued an order on Saturday, capping the daily regulated distribution of commercial LPG cylinders at roughly 20 p..

    • 'There will be no shortage of oil, kerosene, or diesel': Jyotiraditya Scindia amid West Asia conflict

      Scindia said the government is taking all possible steps to maintain gas supplies and credited Prime Minister Narendra Modi's diplomacy for the opening of the Strait of Hormuz for India, ensuring continuous energy flow.

    • India extends LPG booking cycle for rural households to 45-days amid supply concerns after Hormuz disruption

      Oil ministry on March 12 announced that 20% of average monthly commercial LPG requirement will be allocated from today by OMCs to industrial and commercial users in coordination with state governments.

    • How to save money on petrol and diesel costs using credit card cashback rewards

      Your petrol and diesel costs can be lowered through credit card cashback rewards.

    • Oil traders race against time to solve a global diesel crunch

      The fate of the fuel has wide-reaching ramifications for the global economy

    • India's April diesel exports likely hit lowest level in over a decade, sources say

      India, one of Asia's top-three diesel exporters, exported around 1.15 million metric tons (9.69 million barrels) of the industrial and transportation fuel in April, an average of data from LSEG, Kpler, Vortexa and two trade sources showed.

    • B'luru carpooling firms to cash in amid bike taxi ban, Metro & bus fare hikes

      Carpooling firms like QuickRide, QuicReach, GoPool, and BlaBlaCar are looking at increasing their market share as commuters seek cheaper options amid rising travel costs.

    • Karnataka: Diesel price to increase as state government hikes sales tax

      The tax rate will rise to 21.17 percent from April 1, increasing the price by Rs 2 to Rs 91.02

    • Numaligarh Refinery seals bigger diesel deal with Bangladesh: MD

      The company’s diesel exports to Bangladesh would be 1.5 times higher in the next fiscal, thanks to rising demand.

    • India's fuel consumption surges in 2024, driven by higher petrol demand

      India’s petrol consumption rose by almost 8 percent in the year till November from the previous year, while diesel—the most consumed petroleum product in the country—witnessed a growth of 2.4 percent in the same period, according to the oil ministry data.

    • Festival season, agriculture push up diesel demand in November

      Diesel demand in November grew by 6.8 percent from the previous month at 8,165 tonnes. Jet fuel demand, however, was down a percent

    • A grim Diwali for state-run OMCs as combined net profit slumps 88% in July-Sept qtr

      A turbulent geopolitical environment has led to a dramatic fall in profits for state-run oil marketing companies battling low refining margins amid weak cracks and low global demand

    • Crude price volatility: Experts warn against fuel price cuts this election season

      With the upcoming elections in key states of Maharashtra and Haryana, and crude at a record-low levels, OMCs could be prodded into a price cut.

    • Numaligarh Refinery delivers new diesel order to Bangladesh, says no dues of previous orders left

      NRL, a subsidiary of state-owned Oil India Limited (OIL), has exported 8 TMT of diesel this month. Payment for 4 TMT has been received and the balance is expected in the next 30 days.

    • Crude oil volatile for OMCs to take decision on fuel price cut: Oil ministry source

      At home, retail fuel prices are determined by the state-run OMCs based on international oil prices as India is dependent on imports for around 87 percent of its crude requirements.

    • Monsoon rains dent state retailers' diesel sales, data shows

      Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods

    • No disruption in diesel export to Bangladesh: Oil India Chairman

      Assam-based refinery NRL supplies diesel to the country through a pipeline connecting its Siliguri marketing terminal with Parbatiput in Bangladesh.

    • VAT on petrol, diesel hiked in Punjab

      A decision in this regard was taken by the council of ministers in a meeting chaired by Chief Minister Bhagwant Mann here.Addressing the media after the Cabinet meeting, Finance Minister Harpal Singh Cheema said the decision has been taken to raise VAT on petrol and diesel

    • Crude trading below $80 a barrel — would this impact your fuel bill?

      India imports around 87 percent of its crude, which makes it highly sensitive to movements in international oil prices.

    • FM slams opposition for recent fuel tax hikes in their states

      Sitharaman said that opposition parties should administer cuts in taxes on fuel in states governed by them before lecturing the central government.

    • India's July diesel, jet fuel exports to Singapore, Australia set to hit 2-1/2-year high

      The jump in middle distillates exports from swing supplier India to the Asia Pacific will likely cap prices and refiners' margins in the region, while preventing a further build-up in inventories in Europe which have been weighing on prices there, the sources said.

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