Page 13 - Diesel

Petrol crosses Rs 95 a litre in Delhi, above Rs 100 mark in six states

Petrol price on Sunday crossed Rs 95 a litre in Delhi and diesel breached Rs 86 per litre mark for the first time ever as fuel prices were hiked again. Petrol price was increased by 21 paise per litre and diesel 20 paise a litre, according to a price notification of state-owned fuel retailers. The hike - 20th since May 4 - took fuel prices across the country to a historic high. Petrol is now above Rs 100 per litre mark in six states and union territories - Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh. In Delhi, petrol hit an all-time high of Rs 95.09 a litre, while diesel is now priced at Rs 86.01 per litre. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Retail prices have risen after an increase in international oil prices on investors' optimism that improving demand and a dwindling supply glut may mean the market can absorb any additional production from OPEC and its allies. Brent

India's fuel demand plunges in May amid Covid-19 lockdowns, show data

Daily petrol sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India's fuel demand, fell by 19.9%

Fuel prices continue northward march; petrol and diesel again get costlier

After hitting new highs a day earlier, fuel prices rose once again. Petrol rates crossed Rs 100 a litre mark in several cities across the country

India's oil industry struggles to predict demand recovery in pandemic

Diesel and gasoline, which account for more than half of oil consumption in India, are bearing the brunt of lockdowns.

Wholesale inflation soars to 10.49% in April on higher fuel prices

Prices of primary articles were up 10.16% in April from -1.08 per cent a year ago; little scope for rate cuts, say experts

Petrol, diesel prices revision maintain pause as OMCs weigh options

Fuel prices in the country remained unchanged on Monday as oil marketing companies decided to wait and watch the situation prevailing in the global oil markets for some more time

Petrol and diesel prices remain unchanged; revisions expected next month

Oil marketing companies decided to wait for state elections to get over before restarting daily revision of petrol and diesel prices in line with price movement globally

Petrol price cut by 21 paise, diesel by 20 paise for second consecutive day

Petrol now costs Rs 90.78 per litre in Delhi and a litre of diesel comes for Rs 81.10

India's diesel sales rise 7.4% to 2.84 million tonnes in early March

Indian state fuel retailers' diesel sales rose 7.4% in the first fortnight of March from a year earlier to 2.84 million tonnes, preliminary industry data showed

Venezuela rations diesel supply to truckers as fuel shortages worsen

Venezuelan state oil company Petroleos de Venezuela has begun rationing diesel to truckers, sources said, as low domestic refining output and scarce imports amid US sanctions squeeze fuel supplies

Petrol price can come down to Rs 75 if brought under GST, says report

'There is lack of political will to bring crude under the ambit of GST,' say economists at SBI

Govt considering reduction in excise duties on petrol, diesel: Report

Finance Ministry may take a final call on fuel tax cut following Opec's meeting this month, say sources

Why costly diesel burns a bigger hole in your pocket than petrol

While consumers feel the petrol pinch directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use

59% respondents cutting spends to cope with rising fuel prices: survey

Most want centre to reverse Covid excise duty, states to prune VAT rate or replace ad valorem rate with flat tax structure

'Yahi hai acche din? Shiv Sena slams Centre over rising fuel prices

This comes as the prices of petrol and diesel are increasing continuously for several days and in some states, the price of petrol has even crossed Rs 100 mark

West Bengal to cut taxes on petrol, diesel price by Re 1 per litre

State finance minister says decision taken despite Amphan, Covid stress and dues from Centre running into Rs 77,000 cr, will bring marginal relief especially to farmers who use diesel

As fuel prices soar, Bengal govt reduces tax on petrol, diesel by Rs 1

The West Bengal government on Sunday announced a reduction of tax by Re 1 per litre on petrol and diesel effective from midnight. State Finance Minister Amit Mitra said the move will provide some respite to people stung by burgeoning prices of fuel. "The Centre earns Rs 32.90 per litre in taxes from petrol, while the state gets Rs 18.46 only. In case of diesel, the central government's earning is Rs 31.80 per litre as against Rs 12.77 for the state," Mitra said. He also alleged that the Centre had imposed cess to avoid devolution with states, which is "against the characteristics of federalism". To a question, Mitra said the Union government should reintroduce the planning commission.

Cong planning nationwide protest against soaring fuel prices: Chennithala

"The Congress is planning an all India protest, if the prices of fuel continue to soar on an uncontrolled level," Chennithala told reporters here as he commenced today''s yatra in Ernakulam district

Why rising fuel costs should particularly concern state govts, and you

By trimming the part of fuel tax shared with states and raising cess to which it has sole access, Centre now may earn 30% more fuel tax than all states combined, from being 20% behind them 5 years ago

Understanding the zero-sum game of the new agriculture infra cess

While the FM has ostensibly got her act right on imposing the levy without punishing the consumer, questions about the share of states, the rate structure and the use of funds remain