Page 11 - Diesel

Chhattisgarh govt announces reduction of VAT on petrol, diesel

The Chhattisgarh government on Monday decided to reduce Value Added Tax on petrol and diesel by 1% and 2%, respectively.

Petrol, diesel demand growth to halve due to CNG, ethanol, EV push: Crisil

Refiners may need to trim capacity expansion plans

India's diesel demand dips in first half of November, show govt data

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

Centre to bear full revenue loss on petrol, diesel excise cut: Fin Min

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 remain static for 11th straight day as global prices softens

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.

Statsguru: Six charts explain declining diesel consumption in India

With available data, commercial vehicles, most of which run on diesel, are the top users

Petrol prices reduced in Punjab after VAT cut, Ladakh sees diesel price cut

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.

Fuel tax cuts to impact states' kitty by Rs 44,000 cr in FY22: Icra

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

Bringing petroleum products under GST to cut taxes on petrol, diesel: Gadkari

The move would also increase the revenue of both the Centre and states, Union Minister Nitin Gadkari said on Wednesday

HC issues notice to GST council over non-inclusion of petrol, diesel prices

The court issued the notice to the Goods and Services Tax Council on Monday

Petrol, diesel price continues to remain unchanged after duty cuts

After big cuts in petrol and diesel prices following the Centre and states reducing taxes, fuel prices have remained unchanged

Chandigarh cuts VAT on petrol, diesel by Rs 7/litre after excise duty cut

With the Centre slashing excise duty on petrol and diesel, the Chandigarh Administration has also announced a reduction of Rs 7 per litre in VAT on fuels making them cheaper in the Union Territory.

Nothing short of stimulus: Fuel tax cuts may boost consumption by Rs 35K-cr

With revenues set to exceed the annual target by Rs 2 trillion, a softer revenue loss that boosts consumption will provide immense relief, especially to lower income households

Karnataka govt issues notification reducing tax on diesel, petrol

The state government in a release claimed that Karnataka is the first state to reduce sales tax on petrol and diesel

Top headlines: States slash VAT on fuel; WHO sees Covid rebound in Europe

Business Standard brings you the top stories from today

IOC commences doorstep diesel delivery in small quantities

The company said that the service is meant for customers seeking diesel in quantities as low as 20 litres

LPG price may be hiked next week; petrol, diesel rates up again

LPG rates were last hiked by Rs 15 per cylinder on October 6, taking the total increase in rates since July to Rs 90 per 14.2-kg cylinder

Petrol, diesel price hiked again; cost 30% more than ATF

The fourth straight day of 35 paise per litre hike sent petrol and diesel rates to record highs across the country.

Petrol, diesel prices rise after two-day pause

Petrol and diesel prices were hiked again across the country on Thursday after a pause of two days.Petrol prices increased by Rs 0.35 paise to Rs 104.79 per litre in the national capital while the price of diesel was raised by the same amount to Rs 93.52 per litre.In Mumbai, popularly known as the financial of India, petrol prices were raised by Rs 0.34 to Rs 110.75 per litre, and diesel by Rs 0.37 to Rs 101.4 per litre.Petrol and diesel have been priced at Rs 113.37 and Rs 102.66 respectively in Madhya Pradesh's Bhopal, Rs 105.43 and Rs 96.63 respectively in West Bengal's Kolkata and Rs 102.10 and Rs 97.93 in Chennai respectively.Oil companies started raising auto fuel prices last week. The pause on the prices on October 12 and 13 came after a seven-day consecutive rise.

Global energy crisis spurs scramble for prized diesel-rich crude

Diesel and fuel oil are expected to be the main oil-product beneficiaries of the crunch that's roiling Asia and Europe