Page 22 - Fuel Prices

WPI inflation hits record high of 14.23%, raises retail inflation fears

This is the highest WPI rate in 2011-12 series with WPI inflation remaining in double digits for 8th month in a row

Govt earned Rs 8 trn from taxes on petrol, diesel in last 3 fiscals: FM

The excise duty on petrol rose from Rs 19.48 per litre as on October 5, 2018 to Rs 27.90 a litre as on November 4, 2021

WPI-based inflation hits 12-year high of 14.2% in Nov on dearer fuel, food

November's figure was up from 12.54% the previous month, as fuel and power prices rose 39.81% on the year versus 37.18% in October.

Fuel prices remain unchanged on Monday; petrol at Rs 109.98 in Mumbai

Oil marketing companies on Monday kept the prices of diesel and petrol unchanged across major Indian cities.

Petrol in Delhi to be cheaper by Rs 8 as AAP govt decides to cut VAT

It was decided that the Value-Added Tax (VAT) on petrol will be reduced from the present 30 per cent to 19.4 per cent, leading to a cut of around Rs 8 per litre

Fuel prices static as oil companies keep petrol, diesel prices unchanged

The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a. m. on November 4 from previous day's Rs 110.04 a litre, remains at the same level.

Relief for consumers as petrol, diesel prices stay unchanged for fortnight

The price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Diwali day on Nov 4 from the previous days' level of Rs 110.04 a litre, remained at the same level on Thursday

US asks India, China, others to consider tapping oil reserves: Report

The unusual request is meant to be a coordinated effort to lower global energy prices and reflects US frustration with OPEC and its allies.

Rajasthan cuts VAT to reduce fuel prices by up to Rs 5 per litre

The Rajasthan government on Tuesday decided to reduce petrol price by Rs 4 per litre and diesel rate by Rs 5 per litre from midnight. "In the cabinet meeting today, it was unanimously decided to reduce the rate of VAT on petrol and diesel. After this, the rates will be reduced by Rs 4 per litre in petrol and Rs 5 per litre in diesel from 12 o'clock tonight, Rajasthan Chief Minister Ashok Gehlot tweeted. The meeting chaired by Gehlot was held at the chief minister's residence.

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 decided in America, blaming Centre for them wrong: Danve

Fuel prices are decided in America and blaming the central government for rise in their rates is wrong, Union minister Raosaheb Danve has said

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.

Record fuel costs push scooter-loving Indians to opt for electric models

At current prices, even the most fuel-efficient two-wheeler guzzles gasoline worth more than Rs 100 ($1.3) for a 100-km ride

From 2025, all new vehicles sold in India will need to be E20-compliant

E20 is petrol blended with extent to 20% ethanol

Maharashtra govt should reduce VAT on petrol and diesel: BJP's Patil

Maharashtra BJP president Chandrakant Patil demanded that the state government reduce the Value Added Tax on petrol and diesel, after the Centre recently cut the excise duty on the fuels.

Celerio to give 26 kmpl mileage, best ever in the industry: Maruti

Revamped model has fuel efficiency of 26.68 km/litre, making it most fuel-efficient petrol car on road

Around 7 bcm of LNG reserves likely to rein in fuel price volatility

Estimate based on similar proportion of reserves in developed countries

Fuel price hike protest: Kerela legislator rides bicycle to reach Assembly

The Kerala Assembly on Monday witnessed a novel mode of protest as an opposition legislator pedalled a bicycle to reach the House complex against the state government's stand not to forgo tax on fuel

Inflation cools in September, but inflationary pressure is building up

Crop damage, import constraints may cause vegetable inflation to spike; global commodity scenario is taking a toll on raw materials

Dalmia Cement shifts to green fuel to rein in high input cost

Cement demand was not strong in the first half of FY22, but Dalmia Cement expects that to change from December as the vaccination drive ramps up