Jet fuel or ATF price was hiked by 4.2 per cent - the second increase in rates this month warranted by firming international oil prices, but petrol and diesel prices remained unchanged
A severely corroded pipeline ruptured and spilled more than 300,000 gallons (1.1 million liters) of diesel fuel just outside New Orleans after the operator delayed needed repairs
The spill from the 16-inch (40-centimeter) diameter line operated by Collins Pipeline Co. was discovered December 27 near a levee in St. Bernard Parish, just east of New Orleans
Movement of gasoil-consuming trucks in India picked up in December as more fruits and vegetables were transported across the country than usual that month
This decision also applies to factories in NCR which manufacture life saving drugs and devices.
There are over 3 million CNG-fuelled vehicles registered in India
In the Delhi Cabinet meeting on Wednesday, the government is likely to decrease VAT on petrol and diesel
The increase in the collection was mainly on account of rise in the incidence of taxation on fuels
Oil companies cautious over crude oil price fluctuations
The Chhattisgarh government on Monday decided to reduce Value Added Tax on petrol and diesel by 1% and 2%, respectively.
Refiners may need to trim capacity expansion plans
India's gasoil consumption, which accounts for about two-fifths of the country's fuel demand, typically rises during a month-long festival season that ended earlier this month
The entire revenue loss on account of reduction in excise duty on petrol and diesel by Rs 10 and Rs 5 a litre respectively will be borne by the Centre
Fuel prices remained unchanged in the country on Monday after the revision of duties, providing a much needed relief to consumers from the consistent increase in the rates earlier.
With available data, commercial vehicles, most of which run on diesel, are the top users
Punjab has seen the biggest reduction in price of petrol after it cut local sales tax or VAT the most while Union Territory of Ladakh witnessed the largest reduction in diesel rates for same reason.
While the Centre has reduced the road cess component of excise duty which is not shared with states, the cut will bring down the VAT kitty by Rs 9,000 crore, rating agency says
The move would also increase the revenue of both the Centre and states, Union Minister Nitin Gadkari said on Wednesday
The court issued the notice to the Goods and Services Tax Council on Monday
After big cuts in petrol and diesel prices following the Centre and states reducing taxes, fuel prices have remained unchanged