Page 2525 - Economy & Policy News

Petrol, diesel to be under GST soon, says Dharmendra Pradhan

Oil prices are on the decline over last few days during which it has come down by one rupee aggregately

Petrol up Rs 1.34 a litre, diesel by Rs 2.37

The price of petrol was last hiked by 14 paise per litre and that of diesel by 10 paise a litre on October 5

A week after daily revision, petrol and diesel prices see net decline

Petrol price has been cut almost every day with reduction ranging from 11 to 32 paise per litre

Private fuel retailers relieved as OMCs end 19-day price freeze

In a market dominated by state-run oil companies, private retailers, industry sources say, are forced to follow price trends set by state-run companies

States agree to cut VAT on petrol products in relief for manufacturers

Manufacturers have been hit by a higher tax outgo that comes without any input credit

Excise on petrol, diesel cut by Rs 2/L; Govt may suffer Rs 26,000 cr loss

This comes at a time when diesel in Delhi scaled an all-time high of Rs 59.14 per litre

Govt cuts basic excise duty on petrol, diesel by Rs 2/litre

This has been done to cushion impact of rising international prices of crude petroleum oil & petrol & diesel on their retail sale prices

Cut VAT on petrol, diesel by 5% to benefit consumers: Centre to states

After Tuesday's cut, excise duty on petrol has come down to Rs 19.48 per litre and diesel to Rs 15.33 per litre

Petrol prices down by Rs 2.5/L, diesel by Rs 2.25 post excise duty cut

The government had yesterday cut excise duty on petrol and diesel by Rs 2 per litre each to moderate the relentless rise in fuel prices over the last three months

Maharashtra may cut VAT on petrol, diesel, suffer Rs 2,600 cr revenue loss

BJP-ruled Maharashtra levies 46.52 per cent VAT (47.64 per cent in Mumbai) on petrol, the highest in the country

Petrol, diesel to be cheaper in Maharashtra after 4% VAT cut

Net reduction in petrol and diesel prices will be around Rs 2.33 per litre and Rs 1.25 per litre respectively from Tuesday midnight

Gujarat first state to slash VAT on fuel prices

Gujarat currently levies a 28.96 per cent VAT on petrol and diesel

Cutting excise duty on fuel a conscious decision: Jaitley

Economic growth can aid in recovering revenue losses due to excise duty cut on oil, he said.

Petrol, diesel get cheaper in Gujarat as VAT cut by 4% before Diwali, polls

Gujarat govt will suffer a loss of Rs 2,316 crore annually; move follows Centre's decision that reduced excise duty on fuel by Rs 2 per litre

Despite cut, India's fuel rates 2.5 times of Singapore benchmark: Moody's

Retail selling prices increasing since July 2017 in line with rise in international oil prices

Govt not considering excise duty cut on petrol, diesel for now: DEA Secy

The central government levies Rs 19.48 a litre of excise duty on petrol and Rs 15.33 per litre on diesel. State sales tax or VAT vary from state to state.

As prices rise, govt under pressure to cut excise duty on auto fuels: Icra

Over the past three months, crude oil prices have increased by about 28% from $52.3 per barrel in August-end

Excise duty cut on petrol, diesel adds to fiscal concerns: Nomura

The govt announced a reduction in central excise duty on petrol and diesel by Rs 2/L effective October 4 amid rising international prices

After Delhi, Maharashtra & Himachal, Uttarakhand govt cuts VAT on fuel

The move comes after three other states, Maharashtra, Gujarat and Himachal Pradesh, cut Value Added Tax (VAT) to bring down fuel prices.

Madhya Pradesh slashes 3% VAT on petrol, 5% on diesel

We urge the states to take the responsibility just like the Centre did: Pradhan