May 05, 2021 08:54 AM IST
Oil marketing companies had hiked petrol and diesel prices across metropolitan cities on May 4, for the first time since February 23
- Apr 15, 2021 12:41 PM IST
Fuel inflation jumped by 10.2 percent jump in March, after rising just 0.6 percent in February. Further pushed up by a 7.3 percent rise in manufacturing prices and a continuing uptick in food prices, wholesale inflation reached near-record levels in March.
- Apr 13, 2021 07:37 PM IST
Demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6%, the Organization of the Petroleum Exporting Countries forecast in its monthly report. That is up 70,000 bpd from last month.
- Apr 01, 2021 10:04 PM IST
Brent crude rose 42 cents, or 0.7%, to $63.16 a barrel by 11:45 a.m. EST (1645 GMT). U.S. oil was up 59 cents, or 1%, at $59.75 a barrel.
- Mar 24, 2021 03:31 PM IST
Centre and states collectively collect over Rs 5 lakh crore tax on petroleum products, Sushil Modi told the Rajya Sabha while participating in a discussion on the Finance Bill 2021.
- Mar 24, 2021 02:54 PM IST
Rates have been reduced across the country and vary from state to state depending on the local incidence of taxation (VAT). Here's the city-wise price list on March 24 after the cuts:
- Mar 22, 2021 03:31 PM IST
Interacting with students of St Teresa's College, an autonomous women's college, Rahul Gandhi blamed the government's mismanagement for the collapse of the economy.
- Mar 14, 2021 05:30 PM IST
According to NOAA, the US suffered an average of 2.9 weather or climate disasters per year, at a cost of $17.8 billion in the 1980s. While in 2020s, the average grew to 6.2 disasters and $51.9 billion in spending per year. The agency expects the average would grow up to 11.9 events and $81.1 billion.
- Mar 12, 2021 08:16 PM IST
The dual economic challenge continues in 2021 as a fragile manufacturing sector drags down industrial production in January while the ripple effect of higher fuel prices continues to raise inflation in February.
- Mar 07, 2021 10:17 AM IST
In most of the changes in the auto industry India has merely aped the West. This time however, with the runaway prices of fuel in the country bucking the trend of falling prices elsewhere, India has to have its own agenda of change
- Feb 26, 2021 09:00 PM IST
The governor's announcement on February 26 comes in the face of Assembly elections, which will happen in a single phase on April 6.
- Feb 26, 2021 04:08 PM IST
On February 26, the minister said that the increase in petroleum price in international market has affected consumers too.
- Feb 25, 2021 10:39 PM IST
When asked if the Centre is mulling to reduce cess or other taxes on fuel to give some respite to consumers from high prices of diesel and petrol, she said the question has put her in "dharm-sankat" (dilemma).
- Feb 25, 2021 04:13 PM IST
He, however, said both the centre and the state governments have their revenue pressures and they are required to spend high sums of money to enable the country and the people to come out of the COVID-19 pandemic stress.
- Feb 25, 2021 11:27 AM IST
Here is all you need to know about the Bharat Bandh called by CAIT on February 26
- Feb 24, 2021 09:21 AM IST
Fuel prices have crossed the Rs 100-mark in towns such as Rajasthan’s Sri Ganganagar where petrol was priced at Rs 101.59 per litre. The cost of petrol in Anuppur, Madhya Pradesh stood at Rs 101.34 per litre.
- Feb 21, 2021 06:28 PM IST
The crude prices have been going up in the international market since November 2020, with the Brent oil rate hovering above $60 over the past few days.
- Feb 20, 2021 03:31 PM IST
FM Nirmala Sitharaman said there was ‘no guarantee’ that, if the central government forwent its share, the states would not fill the space.
- Feb 20, 2021 11:19 AM IST
In a series of tweets, Gehlot targeted the Centre and cleared his stand on the rumours that Rajasthan levies highest tax on fuel prices.
- Feb 17, 2021 07:13 PM IST
Price-sensitive Indian consumers are affected by the rising petroleum product prices and it affects the demand growth in an aspirational economy like India, the minister says.
- Feb 16, 2021 11:02 AM IST
VAT and cess on diesel in Madhya Pradesh is 28 percent while it is 39 percent on petrol.
- Feb 02, 2021 08:15 PM IST
Netizens, while reacting to Subramanian Swamy's post, questioned the use of religion while criticising the government. They also accused the former Union minister of spreading factually inaccurate information.
- Feb 01, 2021 04:05 PM IST
With the imposition of the AIDC on petrol and diesel, the Basic Excise Duty (BED) and Special Additional Excise Duty (SAED) rates have been reduced so that the consumer does not bear any additional burden, Finance Minister Nirmala Sitharaman said while presenting the Union Budget 2021-22.
- Jan 29, 2021 10:06 AM IST
During 2014-15 to 2019-20, central earnings through excise duties and cess on fuel have nearly doubled, going up by 94 per cent, and the states’ earnings on the same account has gone up by 38 per cent
- Jan 22, 2021 11:02 AM IST
Is it just rising global crude oil price that is causing a spike in petrol and diesel prices here? Read on to know what exactly is the reason for your higher fuel bills