Page 57 - Fuel Prices

Petrol, diesel to be cheaper in Maharashtra after 4% VAT cut

Net reduction in petrol and diesel prices will be around Rs 2.33 per litre and Rs 1.25 per litre respectively from Tuesday midnight

Gujarat first state to slash VAT on fuel prices

Gujarat currently levies a 28.96 per cent VAT on petrol and diesel

Cutting excise duty on fuel a conscious decision: Jaitley

Economic growth can aid in recovering revenue losses due to excise duty cut on oil, he said.

Gujarat slashes VAT on fuel prices by 4%

Following the Centre's directive, Government of Gujarat on Tuesday announced a cut in value added tax (VAT) on retail petrol and diesel prices by four per cent . Effective from midnight, the cut in VAT on retail fuel prices will bring down price of petrol by Rs 2.93 per litre and that of diesel by Rs 2.72 per litre.Announcing the move, Gujarat chief minister Vijay Rupani said Rupani maintained that the decision was taken "in the interest of the people". "The decision should not be linked with the polls. The only aim is provide relief to people," Rupani added.After a cut in VAT, new rates on petrol and diesel applicable from midnight in Gujarat will be Rs 67.53 per litre and Rs 60.77 per litre, respectively.Rupani had earlier said that the state would reduce taxes on petrol and diesel in the coming two or three days in line with the Centre's directive. The Centre had announced last week that excise duty on fuel would be cut, saying the move was an attempt to 'cushion the impact of ...

Cruel joke: Here is how Twitterati reacted to petrol price cut faux pas

Social media users had a field day after petrol and diesel prices were cut by just one paisa following 16 days of relentless hikes, and that too moments after a false '60 paise cut' announcement

Despite cut, India's fuel rates 2.5 times of Singapore benchmark: Moody's

Retail selling prices increasing since July 2017 in line with rise in international oil prices

Govt not considering excise duty cut on petrol, diesel for now: DEA Secy

The central government levies Rs 19.48 a litre of excise duty on petrol and Rs 15.33 per litre on diesel. State sales tax or VAT vary from state to state.

As prices rise, govt under pressure to cut excise duty on auto fuels: Icra

Over the past three months, crude oil prices have increased by about 28% from $52.3 per barrel in August-end

Excise duty cut on petrol, diesel comes after months of rising prices: Sena

It also accused the ruling party of not being "mentally prepared" to reduce fuel prices

Excise duty cut on petrol, diesel adds to fiscal concerns: Nomura

The govt announced a reduction in central excise duty on petrol and diesel by Rs 2/L effective October 4 amid rising international prices

Madhya Pradesh slashes 3% VAT on petrol, 5% on diesel

We urge the states to take the responsibility just like the Centre did: Pradhan

Now, pay less for petrol, diesel in Chandigarh as VAT reduced by 5%

VAT on diesel or high speed diesel will be reduced from 16.40% to 11.40%; VAT on petrol slashed from 24.74% to 19.74%

In Delhi, petrol price hits 4-yr high at Rs 73.73, diesel at all time high

India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for half of the pump rates

Govt rules out any immediate excise duty cut to cushion petrol prices

Asked if a second round of excise duty cut was in offing, Finance Secretary Hasmukh Adhia said: "Not as of now. Whenever we review it, we will let you know"

False alarm! Petrol prices down by just 1 paisa to Rs 78.43/litre in Delhi

Indian Oil says it published wrong prices in the morning

From 'petrolled' to 'fuelonfire', social media users have a field day

Twitter was flooded with hash tags and messages about the price cut, making fun of the situation

Fuel prices raised again: Petrol at Rs 90.22 in Mumbai, Rs 82.86 in Delhi

The price of diesel also rose in tandem with petrol; it is now being sold at Rs 74.12 a litre in Delhi

Mumbai petrol price up for 15th day in a row to Rs 86.08/l; crude oil down

In line with petrol, the price of diesel also increased -- to Rs 69.17 a litre in Delhi, and Rs 73.64 in Mumbai

Petrol prices rise for 13th day on the trot, hit almost Rs 78 in Delhi

Along with Delhi, prices in Mumbai and Chennai have already reached record levels and are only reaching new highs every single day

Petrol up by Rs 3 since Karnataka poll, but govt may have found a solution

HPCL CMD Mukesh Surana has said that there is a need to review taxation on petrol and diesel to provide relief to consumers