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  • Petrol, diesel prices hiked across metros for second consecutive day: Check rates here May 05, 2021 08:54 AM IST

    Petrol, diesel prices hiked across metros for second consecutive day: Check rates here

    Oil marketing companies had hiked petrol and diesel prices across metropolitan cities on May 4, for the first time since February 23

  • March wholesale inflation reaches 7.3% as high fuel costs hurt Apr 15, 2021 12:41 PM IST

    March wholesale inflation reaches 7.3% as high fuel costs hurt

    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.

  • OPEC raises 2021 oil demand growth forecast on hope pandemic wanes Apr 13, 2021 07:37 PM IST

    OPEC raises 2021 oil demand growth forecast on hope pandemic wanes

    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.

  • Crude oil prices rise as OPEC+ decides on production policy Apr 01, 2021 10:04 PM IST

    Crude oil prices rise as OPEC+ decides on production policy

    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.

  • Not possible to bring petrol, diesel under GST for next 8-10 years: Sushil Kumar Modi Mar 24, 2021 03:31 PM IST

    Not possible to bring petrol, diesel under GST for next 8-10 years: Sushil Kumar Modi

    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.

  • Fuel prices cut for first time in 2021: Petrol down by 18 paise, diesel by 17 paise Mar 24, 2021 02:54 PM IST

    Fuel prices cut for first time in 2021: Petrol down by 18 paise, diesel by 17 paise

    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:

  • Rahul Gandhi hits out at Centre over rising fuel prices Mar 22, 2021 03:31 PM IST

    Rahul Gandhi hits out at Centre over rising fuel prices

    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.

  • In US, everyone to end up paying for Texas climate crisis: Report Mar 14, 2021 05:30 PM IST

    In US, everyone to end up paying for Texas climate crisis: Report

    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.

  • Industrial production returns to contraction in January, retail inflation at 3-month high in February Mar 12, 2021 08:16 PM IST

    Industrial production returns to contraction in January, retail inflation at 3-month high in February

    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.

  • Is there grand design behind free run to fuel prices in India Mar 07, 2021 10:17 AM IST

    Is there grand design behind free run to fuel prices in India

    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

  • Puducherry LG announces 2% reduction in VAT on petrol, diesel Feb 26, 2021 09:00 PM IST

    Puducherry LG announces 2% reduction in VAT on petrol, diesel

    The governor's announcement on February 26 comes in the face of Assembly elections, which will happen in a single phase on April 6.

  • Fuel prices will come down as winter ends, says Oil Minister Dharmendra Pradhan Feb 26, 2021 04:08 PM IST

    Fuel prices will come down as winter ends, says Oil Minister Dharmendra Pradhan

    On February 26, the minister said that the increase in petroleum price in international market has affected consumers too.

  • Centre, states should talk on reducing fuel prices: Sitharaman Feb 25, 2021 10:39 PM IST

    Centre, states should talk on reducing fuel prices: Sitharaman

    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).

  • Need coordinated action between centre, states on tax reduction in fuel prices: Shaktikanta Das Feb 25, 2021 04:13 PM IST

    Need coordinated action between centre, states on tax reduction in fuel prices: Shaktikanta Das

    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.

  • Bharat Bandh on February 26: CAIT protests rising fuel prices, E-way bill and GST Feb 25, 2021 11:27 AM IST

    Bharat Bandh on February 26: CAIT protests rising fuel prices, E-way bill and GST

    Here is all you need to know about the Bharat Bandh called by CAIT on February 26

  • Fuel prices: Petrol, diesel prices remain unchanged in Delhi, Mumbai Feb 24, 2021 09:21 AM IST

    Fuel prices: Petrol, diesel prices remain unchanged in Delhi, Mumbai

    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.

  • Output cuts by OPEC, COVID-19 main reasons behind fuel price hike: Oil Minister Dharmendra Pradhan Feb 21, 2021 06:28 PM IST

    Output cuts by OPEC, COVID-19 main reasons behind fuel price hike: Oil Minister Dharmendra Pradhan

    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.

  • Centre, states must talk to bring down retail fuel price: FM Nirmala Sitharaman Feb 20, 2021 03:31 PM IST

    Centre, states must talk to bring down retail fuel price: FM Nirmala Sitharaman

    FM Nirmala Sitharaman said there was ‘no guarantee’ that, if the central government forwent its share, the states would not fill the space.

  • Ashok Gehlot attacks Modi govt over rising fuel prices Feb 20, 2021 11:19 AM IST

    Ashok Gehlot attacks Modi govt over rising fuel prices

    In a series of tweets, Gehlot targeted the Centre and cleared his stand on the rumours that Rajasthan levies highest tax on fuel prices.

  • Petroleum Minister Dharmendra Pradhan urges crude-exporting countries to ease production cuts Feb 17, 2021 07:13 PM IST

    Petroleum Minister Dharmendra Pradhan urges crude-exporting countries to ease production cuts

    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.

  • Fuel price today: Man protests with cricket bat as petrol price hits century in Bhopal Feb 16, 2021 11:02 AM IST

    Fuel price today: Man protests with cricket bat as petrol price hits century in Bhopal

    VAT and cess on diesel in Madhya Pradesh is 28 percent while it is 39 percent on petrol.

  • Petrol price Rs 93 in Ram's India, Rs 53 in Sita's Nepal, Rs 51 in Ravan's Lanka: Subramanian Swamy Feb 02, 2021 08:15 PM IST

    Petrol price Rs 93 in Ram's India, Rs 53 in Sita's Nepal, Rs 51 in Ravan's Lanka: Subramanian Swamy

    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.

  • Budget 2021: FM Nirmala Sitharaman introduces agriculture cess on fuel; but why it won't impact consumers? Feb 01, 2021 04:05 PM IST

    Budget 2021: FM Nirmala Sitharaman introduces agriculture cess on fuel; but why it won't impact consumers?

    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.

  • To aid economic recovery and tax mop-up, don’t raise levies on fuels Jan 29, 2021 10:06 AM IST

    To aid economic recovery and tax mop-up, don’t raise levies on fuels

    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

  • Why are petrol, diesel prices rising in India? Jan 22, 2021 11:02 AM IST

    Why are petrol, diesel prices rising in India?

    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

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