Page 2 - Fuel Pricing

Small traders to gain in GST relief for e-commerce sellers, transport

For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including fuel cost

Huge rush for refilling vehicles in Kashmir amid rumours of fuel shortage

Massive queues of vehicles could be seen at fuel stations in Kashmir on Thursday as people scrambled to fill up the tanks in the wake of rumours that the country is facing shortage of fuel

Petrol pump dealers not to buy from OMCs today to demand higher commission

Petrol Pump Dealers Association said its members in 22 states will join the protest

Opposition parties blame Centre for not doing enough to control oil prices

Some have now criticised Prime Minister Narendra Modi for bringing this issue up during a meeting on Covid-19

PM Modi calls out Opposition-ruled states, says some didn't cut fuel tax

PM: States did 'injustice' to people by not passing on benefit of Centre's excise duty cut

Petrol, diesel prices up by 80 paise; total increase now stands at Rs 6.40

This is the ninth increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.

Trinamool Congress criticises Centre over hike in fuel prices

Coming down heavily on the Modi government over the frequent rise in fuel prices, the Trinamool Congress Sunday demanded a discussion on the issue in Parliament. TMC Rajya Sabha MP Derek O'Brien wondered why the BJP government at the Centre was effecting a hike in fuel prices in such a hush- hush manner sans any discussion. "Sunday morn. Again ! In just 2 weeks after election results, fifth #FuelPriceHike in 6 days," O'Brian tweeted. "Mr PM and your mantris You blabber about being open to discus ALL issues in #Parliament.You won 4 States. Why be skittish & run away. Come discus PRICE RISE issue in RS next week," he posted in the microblogging site. BJP state president Sukanta Majumdar said fuel prices are surging in the country due to a rapid hike in global crude oil price. "Why is the TMC government in West Bengal not effecting a roll back of surcharge on fuel, matching with the Centre's move late last year?" he asked. After the central government had reduced the excise duty on

Oil climbs on lower supply and post-pandemic recovery

'The market is maintaining a bullish tone on expectations that supply tightness will continue as demand is picking up, with receding fears over spreading Omicron coronavirus variant,'

Green Electricity can become the cheapest energy by 2050, says study

Cost-slashing innovations are underway in the electric power sector and could give electricity the lead over fossil-based combustion fuels in the world's energy supply by mid-century, a study finds

BJP has to be defeated completely to bring down fuel prices by Rs 50: Raut

Slamming the Centre, Raut, whose party shares power with the NCP and Congress in Maharashtra, told reporters that one really needs to be harsh to raise the fuel prices to over Rs 100

Cong alleges 'tax terrorism' by Centre and Kerala as fuel prices rise

Leader of Opposition V. D. Satheesan said: "When the UPA government demitted office the tax that the Centre used to receive on one litre of petrol was Rs 9 and today it is Rs 33."

Relief for consumers as petrol, diesel rates remain unchanged for 2nd day

Fuel prices remained unchanged for a second consecutive day

Investors in fossil fuels announce plans to divest $39.2 trillion

About 1,500 investment institutions overseeing a combined $39.2 trillion of assets are now committed to divesting from fossil fuels

Crop failure, rise in fuel costs push up vegetable prices in Delhi

Vegetable prices have gone up in Delhi-NCR markets due to crop failure and increase in fuel prices.

Rising fuel prices accelerate demand for CNG vehicles

According to MOFSL, the retail demand evolution has been a mixed bag since the lifting of the second lockdown from mid-June 2021

ICICI Bank ups ante in credit card space with fuel discount offering

Upping its game in the credit card market where it has been closing in on its bigger rival HDFC Bank, ICICI Bank on Tuesday launched a co-branded offering that gives discounts on fuel purchases.

Oil prices slip as Europe Covid lockdowns dim demand recovery hopes

Germany plans to extend a lockdown to contain Covid-19 infections into a fifth month

WPI inflation spikes to a 27-month high in Feb owing to costlier food, fuel

Wholesale inflation rose to 4.17% in February as against 2.03% in the previous month

Petrol crosses Rs 90-mark for 1st time ever in Delhi, diesel at Rs 80.60

In Bangalore, petrol and diesel prices surged by 32 paise and 35 paise respectively to Rs 93.21 and Rs 85.44

Diesel prices up by 15 paise, nears Rs 82/litre in Delhi; petrol unchanged

Prices of petrol have remained static at Rs 80.43 per litre for almost four weeks. Petrol rates were last changed on June 29.