No sooner had Karnataka polled to elect a new state government, state-owned fuel retailers on Monday ended a 19-day hiatus in revising petrol and diesel prices and reverted to the practices of changing rates on a daily basis.
On Friday, petrol prices were raised marginally by 1 paisa per litre, while diesel prices witnessed an increase of 4 paise per litre.
Amid spiralling petrol and diesel prices, Chief Economic Advisor Arvind Subramanian on Monday called for petroleum products to be brought under the ambit of the Goods and Services Tax (GST).
In case of petrol, prices have been on rise for the last three weeks, while diesel prices have been increasing on a daily basis over the past two weeks.
Asking states to lower tax on petrol and diesel is not a permanent solution.
Petroleum Minister Dharmendra Pradhan on Wednesday urged the state governments to cut Value Added Tax (VAT) on fuel by 5 per cent
The government on Tuesday reduced Excise Duty on petrol and diesel by Rs 2 per litre, effective October 4.
New Delhi: Petrol price today was hiked by Rs 2.58 per litre and diesel rate by Rs 1.26 per litre - marking the third increase in rates this month. These revised prices will come into
Prices for petrol and diesel have been raised with effect from midnight tonight. While prices of petrol per litre have been hiked by Rs 2.19 per litre, diesel will get dearer by 98 paise per litre.
Oil marketing companies have today raised the price of petrol by Rs 3.07 and that of diesel by Rs 1.90. The hiked prices will be applicable from midnight March 16/March 17.
New Delhi: The Delhi government today hiked the prices of petrol by 96 paise per litre and diesel by 53 paise. The hike follows a decision by the state government to increase VAT or local
New Delhi: Indian Oil Corporation has announced less than one rupee cuts in transport fuel prices in Delhi, with corresponding price revision in other states. With effect from midnight, petrol prices per litre are being
New Delhi: In the second increase in duties in just over two weeks, the government today announced an increase in the excise duty on petrol by Rs 0.37 per litre and by Rs 2 a
New Delhi: Petrol price was today cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre after an excise duty hike limited the benefit of global crude prices slumping to six-year low.The
New Delhi: Petrol and diesel prices in India may fall further as global oil prices slumped to four-year lows of around $70 a barrel on Thursday after Organization of Petroleum Exporting Countries (OPEC) decided against
New Delhi: BJP today welcomed the reduction in petrol and diesel prices and hoped that it will help bring down inflation to make life easier for the common man. Crediting the Narendra Modi government for
New Delhi: A Rs 3.56 per litre cut in diesel prices is in the offing as slump in international oil prices have helped nearly doubling of profit on India's most consumed fuel.With crude prices dipping
New Delhi: Petrol price will be cut by Rs 1.89-2.38 per litre from August 15, Oil Minister Dharmendra Pradhan announced today.In perhaps for the first instance of a minister announcing the reduction in price of
New Delhi: Following are the revised prices of petrol and diesel in four metros after oil firms hiked rates with effect from midnight tonight.PETROLCurrent Price Revised Price IncreaseDelhi72.4373.160.73Kolkata80.2080.960.76Mumbai81.3182.070.76Chennai75.7176.480.77(All Rates in Rs/ litre) DIESELCurrent Price Revised Price
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