Page 8 - Diesel
Govt cuts windfall profit tax on domestic crude oil to Rs 13,000 per tonne
The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and that on jet fuel exports to Rs 2 per litre but slashed the levy on domestically produced crude oil. At the third fortnightly review, the government raised the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a litre and brought back a Rs 2 a litre tax on ATF (Aviation Turbine Fuel) exports, a finance ministry notification showed. Last month, the government had scrapped the windfall profit tax on ATF exports. Alongside, the tax on domestically produced crude oil has been cut to Rs 13,000 per tonne from Rs 17,000 a tonne.
 "Govt cuts windfall profit tax on domestic crude oil to Rs 13,000 per tonne")
Centre planning to further cut windfall tax on crude, diesel: Report
The government is expected to review the new taxes, imposed on July 1, for the third time soon,
 "Centre planning to further cut windfall tax on crude, diesel: Report")
India's fuel demand continues to fall in August as monsoon sets in
Diesel demand in India fell for the second month in a row as the onset of monsoon chipped away consumption in key sectors like agriculture, preliminary industry data showed Tuesday.
 "India's fuel demand continues to fall in August as monsoon sets in")
Diesel pipeline break spills 45,000 gallons of fuel in Wyoming: US
A diesel pipeline in Wyoming owned by a company that's being sued by federal prosecutors over previous spills in two other states cracked open and released more than 45,000 gallons of fuel.
 "Diesel pipeline break spills 45,000 gallons of fuel in Wyoming: US")
Fuel prices today: Check the prices of petrol, diesel in your city
Crude oil showed a declining trend, and prices are still stable in India. Petrol in Delhi is available at Rs 96.72, while Mumbai is selling at Rs 106.31 per litre. Check out fuel rates in your city
 "Fuel prices today: Check the prices of petrol, diesel in your city")
Govt cuts windfall tax on fuel export, raises levy on domestic crude oil
Centre lowers export tax on diesel and ATF; new rates to be effective from Aug 3
Fuel prices today: Check the prices of petrol, diesel in your city
Crude oil prices have been showing an upward trend globally, indicating a slight weakness in the US dollar
 "Fuel prices today: Check the prices of petrol, diesel in your city")
The missing link: India's EV revolution is waiting for charging stations
The scarcity and poor viability of charging stations remains a major obstacle to the government's green mobility ambitions
 "The missing link: India's EV revolution is waiting for charging stations")
Govt slashes windfall tax on petrol, diesel, ATF as crude oil prices drop
Effective from July 20, Rs 6 a litre tax on petrol export has been completely scrapped
 "Govt slashes windfall tax on petrol, diesel, ATF as crude oil prices drop")
Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil
The government on Friday slapped a Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel
Biden to call for 3-month suspension of federal gas tax as prices skyrocket
The Democratic president will also call on states to suspend their own gas taxes or provide similar relief, the White House said
 "Biden to call for 3-month suspension of federal gas tax as prices skyrocket")
Private players seek govt intervention as fuel shortage rises in India
FIPI says companies are suffering a loss of Rs 20-25 a litre on diesel and Rs 14-18 a litre on petrol at present due to the non-revision of prices
 "Private players seek govt intervention as fuel shortage rises in India")
Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Retailers
Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry
 "Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Retailers")
Sri Lanka's economic activity grinds to a halt as fuel supplies run dry
Amidst fuel crisis in Sri Lanka, the government declared Friday a holiday for public offices and schools to curtail vehicular movement, leaving many roads in and around the capital Colombo deserted
 "Sri Lanka's economic activity grinds to a halt as fuel supplies run dry")
ATF prices hiked by 16%, touch new record, as global crude prices soar
The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- has been increased by Rs 19,757.13 per kilolitre, or 16.26%, to Rs 1,41,232.87 per kl (Rs 141.2 per litre) in Delhi
 "ATF prices hiked by 16%, touch new record, as global crude prices soar")
Production of petrol, diesel sufficient to take care of demand surge: Govt
Sufficient supplies of petrol and diesel are being made available to cater to the extra demand, says Ministry of Petroleum & Natural Gas
India's petrol, diesel sales jump in first fortnight of June
Diesel, the most-used fuel in the country, saw sales jumping 47.8 per cent year-on-year to 3.4 million tonnes between June 1-14.
The math goes all wrong for fuel retailers despite sustained oil price hike
Demand destruction led by Covid-19 and the EV push, cutback in retail prices could end up making the business of running fuel stations unviable
 "The math goes all wrong for fuel retailers despite sustained oil price hike")
Punjab: Opp parties demand cut in VAT on fuel as govt slashes excise duty
The opposition parties on Sunday demanded from the AAP government in Punjab to reduce VAT on fuel after the Union government slashed excise duty on petrol and diesel to give relief to consumers
Kerala, Maharashtra, Raj reduce VAT on fuel after Centre cuts excise duty
Maharashtra, Rajasthan, Kerala have decreased VAT on petrol and diesel after Finance Minister Nirmala Sitharaman's call to provide further relief to consumers following a cut in excise duty by Centre