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    Petrol

    Petrol is a transparent, petroleum‑derived flammable liquid that is used primarily as a fuel in most spark-ignited internal combustion engines. It is one of the main products, which is consumed heavily worldwide to fuel vehicles – the other is diesel. A derivative product of crude oil or petroleum, it is derived during the fractional distillation process. Although, its primary use is to fuel motor vehicles, it is not used for this purpose in its crude form. To use it as fuel for passenger vehicles, different additives are added to it like ethanol. Petrol price differs in every part of the world. A major driver of petrol prices is crude oil prices, which is one of the most important macroeconomic indicators for the world. In India, petrol prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges. Currently, the petrol price in the country has not changed for over 100 days – the longest freeze in the price since daily fuel price revision was adopted in June 2017 -- which comes during the assembly elections in states like Uttar Pradesh and Punjab. Prior to this, the second-longest pause of 82 days was between March 17, 2020, and June 6, 2020. 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

    • Petrol, diesel prices today, March 28: Check fuel rates as crude remains volatile amid global uncertainty

      Petrol and diesel prices remain unchanged despite excise duty cuts; check latest fuel rates across major cities.

    • 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

    • Petrol, diesel prices today, March 26: Check fuel rates as crude remains volatile amid global uncertainty

      Petrol and diesel prices remain largely unchanged across major cities despite ongoing volatility in global crude oil markets.

    • 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..

    • Petrol, diesel prices in your city today - March 14: Check fuel rates in Delhi, Mumbai, Bengaluru as Middle East tensions roil oil markets

      Petrol and diesel prices remain steady across major cities despite volatility in global crude oil markets.

    • 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.

    • Petrol, diesel prices today: Check latest fuel rates in major cities

      Check the latest petrol and diesel prices across major Indian cities, with daily fuel rate updates and key factors influencing retail prices.

    • E20 fuel troubles may trigger insurance disputes as car maintenance costs double

      Policy terms may need to revised to define ethanol-related exclusions clearly to prevent insurers from facing rising claim disputes over what’s covered and what’s not, industry insiders say

    • OPINION | Unintended consequences of blending ethanol with petrol

      Contrary to initial expectations, maize and rice, not sugarcane, are the primary sources of ethanol. This has had an unanticipated adverse fallout on soybean cultivation. The policy question now is should we choose food security over mobility security

    • Rubbing salt into wound: Cong slams govt over excise duty hike on petrol, diesel

      The government hiked excise duty on petrol and diesel by Rs 2 per litre each. The excise duty on petrol was hiked to Rs 13 per litre and that on diesel to Rs 10 a litre.

    • Petrol to be cheaper by Re 1 in Chhattisgarh; pro-people plans focus of Rs 1.65 lakh cr budget

      In FY 2025-26, the gross fiscal deficit is estimated to be Rs 22,900 crore (including Rs 4,000 crore of special assistance for capital expenditure by Government of India).

    • 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.

    • 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

    • 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

    • Oil minister Puri urges automobile companies to produce E100-compatible vehicles

      Speaking at India Bio Energy & Tech Expo, the oil minister said the government is actively collaborating with the automobile industry to develop vehicles compatible with ethanol.

    • India’s petroleum products import rises 15.5% in July: Oil ministry

      In July, India imported 4.4 million metric tonnes (MMT) of petroleum products, compared to 3.8 MMT in the same period last year, according to oil ministry data.

    • 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.

    • Around 600 PUC centres shut in Delhi amid protest by petrol dealers over fee hike

      The closure call of Pollution Under Control Centres (PUCC) by the Delhi Petrol Dealers' Association (DPDA) comes following the Delhi government's proposed hike in pollution certificate charges.

    • Fuel inclusion under GST not on agenda for June 22 Council meet: Official

      There have been repeated calls to bring fuel under GST’s scope to create uniform pricing of key energy commodities, but several states have opposed the move earlier, citing the potential risk of losing hefty revenues that they derive from the fuel tax.

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