Petrol And Diesel

India imports a majority of its crude oil requirements from Middle-Eastern countries, Saudi Arabia and Iraq. Now lately, Russia has joined the fray.

No pollution certificate? No fuel for you from October 25: Delhi govt

It is imperative to reduce it so it has been decided that from October 25 petrol, diesel will not be provided at petrol pumps without PUC certificate of the vehicle, Rai said in a press conference.

Rs 2/litre additional excise duty on petrol, diesel put off by one month

The finance ministry, in a Gazette notification issued late on Friday (September 30), stated that the additional excise tax will now be levied from November 1, 2022.

Normal monsoon, interest rates to help bring down inflation by year end, say economists

Although the government has room to further reduce excise duty on petroleum products to contain inflation from the fiscal side, emphasis will be on monetary policy to control price pressures, they added.

'Excise duty cut to help reduce logistics cost; promote exports'

Excise duty cut on petrol and diesel and rationalisation of customs duties on goods such as raw material for plastic and steel will help reduce logistics cost, promote competitiveness of manufacturing and exports of value-added goods, exporters said on Sunday.

Maharashtra slashes VAT on petrol and diesel

A day after the Centre reduced excise duty on fuel, the Shiv Sena-led Maharashtra government on Sunday slashed the VAT on petrol by Rs 2.08 per litre and diesel by Rs 1.44 per litre.

FM rebuts Opposition flak on excise duty cuts, says move does not impact state sharing of taxes

Finance Minister Nirmala Sitharaman on Sunday rebutted the Opposition's criticism of excise duty cut impacting share of states in central taxes, saying the Rs 8 a litre cut in petrol and Rs 6 reduction in diesel have been done in road and infrastructure cess levied on the two fuels, collection on which was never shared with states.

Fuel Prices on May 10: Check out petrol, diesel rates in Mumbai, Delhi and other cities

According to a price notification from fuel retailers, petrol in Delhi costs Rs 105.41 per litre and diesel Rs 96.67 per litre.

3-Point Analysis | OMCs crash to 52-week low, should you buy into this correction?

Top brokerages have downgraded OMCs post the government announcement and have reduced their target price by 30 to 50 percent.

Excise duty cut on petrol & diesel a proactive step; HPCL top pick among OMCs: IIFL

The centre has cut excise duty on petrol and diesel by Rs 2 per litre and now CNBC-TV18 learns that states have also been asked to review the value added tax (VAT) on petrol and diesel. In an interview, Harshvardhan Dole, Vice President Institutional Equities, IIFL shared his readings and outlook on the same.

Govt collects over Rs 2 lakh cr from levies on petrol, diesel

The government today said total collection through excise duty on petrol and diesel has been Rs 2,01,935 crore for the first 11 months of FY 2016-17.

Petrol, diesel to be costlier in Delhi as VAT goes up

The Delhi Assembly had on June 30 cleared VAT Amednment Bill, tabled by Arvind Kejriwal's government, which allowed it to increase VAT up to 30 percent on 11 goods including petroleum products, tobacco and aerated drinks.

Govt may ask all refineries to produce fixed level of LPG

While India is surplus in petroleum products, production of LPG in the country is lower than the demand. The deficit is met through imports which have to increased if any of 20 refiners in the country produces less than projected LPG.