Page 27 - Fuel Prices

Petrol prices not coming down as states don't want it under GST: Puri

Petrol prices in the country are not coming down as the states do not want to bring fuel under the ambit of the GST, Petroleum Minister Hardeep Singh Puri said. In an interview to PTI here, Puri said petrol prices crossed the Rs 100-mark in West Bengal as the TMC government is levying heavy taxes. "If your question is do you want the petrol prices to come down then the answer is yes. Now, if your question is why the petrol prices are not coming down, then the answer is because the states don't want to bring it under GST," he said. "The Centre charges Rs 32 per litre (as taxes on petrol). We charged Rs 32 per litre when the fuel price was USD 19 per barrel, and we are still charging the same even when the price rose to USD 75 per barrel. With this Rs 32 per litre, we provide free ration, free housing and Ujjawala, among several other schemes, to the people," he said. Puri said the West Bengal government increased prices by Rs 3.51 per litre in July, resulting in the petrol crossing

Fuel prices stable for fortnight amidst volatility in global oil market

Auto fuel prices in the country have maintained stability amidst volatility in global oil prices with crude on the rise again.

Petrol prices remain unchanged; here are the prices in your city today

In Delhi, petrol was at Rs 101.19 per litre. In Mumbai, petrol price remained at Rs 107.26 per litre.

Petrol, diesel prices may rise as international oil rates surge

A surge in international oil prices may translate into an increase in the retail selling price of petrol and diesel in India as oil companies face extreme margin squeeze, sources said

India's WPI inflation rises to 11.39% in August on higher fuel prices

Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI inflation stood at 11.16 per cent

India's August WPI inflation quickens to 11.39% on higher fuel prices

Fuel and power prices rose 26.09% in August year-on-year compared with 26.02% in July, while manufactured product prices rose 11.39% compared with 11.20% in the previous month.

Petrol price cut by 15 paise in national capital after 3-day hiatus

Oil marketing companies reduced petrol prices in the key metro cities after keeping them unchanged for three consecutive days.

Bigger firms pass on surging input costs to consumers, smaller ones stuck

Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low

Will discuss rising fuel prices with FM, says Karnataka CM Basavaraj Bommai

Karnataka Chief Minister Basavaraj S Bommai on Thursday said he would discuss with the Union Finance Minister Nirmala Sitharaman the issue of rising retail fuel prices

India's gasoline demand seen hitting record as Covid-19 curbs ease

Annual passenger vehicle sales in India rose by 45% to 264,442 units in July, driven by pent-up demand, according to data from the Society of Indian Automobile Manufacturers.

Govt earned Rs 23 trn by increasing fuel, gas prices in last 7 years: Rahul

Congress leader Rahul Gandhi on Wednesday slammed the government over the rising price of domestic cooking gas, diesel and petrol

OMCs slash fuel prices by 15 paise per litre after a week's break

Fuel consumers have finally been given some relief with oil marketing companies on Wednesday reducing the pump price of petrol and diesel after keeping it static for the past seven days

Oil marketing firms keep petrol, diesel retail prices unchanged for a week

Even with crude bouncing back over $73 a barrel, the Oil marketing companies have spared consumers any further hike in petrol and diesel prices

Dim days for Ujjwala: High global prices ring death knell for LPG scheme

Sector watchers say budgetary allocations for LPG subsidy may soon vanish, going the way of kerosene subsidy in the Budget 2021

Petrol, diesel prices unchanged across metros for fifth straight day

Oil marketing companies (OMC) kept petrol and diesel prices unchanged on Sunday.

BS Number Wise: The name's bond, oil bond!

Do you think the government will bite the bullet and cut excise duties?

People to get some relief in coming months: Hardeep Puri on fuel price rise

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday, asserting that people will get some relief in the coming months

BJP MP Pragya dubs fuel price rise-inflation talk as Congress 'propaganda'

Pragya Singh Thakur, the BJP Lok Sabha MP from Bhopal, on Tuesday dismissed the talk about rise in the prices of petrol and diesel and inflation as nothing, but a "propaganda" on part of the Congress. She was speaking at a function of the Bhopal Municipal Corporation where Madhya Pradesh Chief Minister Shivraj Singh Chouhan virtually inaugurated a pump house as well as flagged off new civic buses. "Jo yeh log propaganda karte hai ki diesel mahanga, petrol mahanga. Ye mahangai kuchh aur nahi hai, ye Congressiyon ki mansikta hai, fokat ka propaganda hai (These people spread propaganda that diesel and petrol have become expensive. This inflation is nothing else but the mindset of the Congress and merely propaganda), Thakur said. During her address at the event, she also hailed the CM for introducing pollution-free vehicles in the state capital, reminiscing that earlier handkerchiefs used to cover the face during autorickshaw rides would get blackened with grime and dust generated durin

Fuel paradox: 6 more pvt players on cards, but price reins still with govt

Setting of retail prices, frequency with which they change and government increasing taxes when global prices are low all put a question mark on so-called market-linked pricing mechanism

Petrol price cut by 20 paise a litre, first reduction in over a month

Petrol and diesel prices were cut by 20 paisa per litre each on Sunday - the first reduction in petrol rate in over a month, and the fourth in case of diesel in less than a week