Page 4 - Petrol-diesel Prices

Oil marketing companies keep diesel, petrol prices unchanged on Friday

Oil marketing companies kept diesel and petrol prices unchanged across major cities on Friday

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

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

The Delhi government on Wednesday decided to reduce the VAT on petrol, bringing down the price of the fuel in the city by about Rs 8 per litre, official sources said. At a cabinet meeting chaired by Chief Minister Arvind Kejriwal, 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, they added. The price of petrol after the VAT cut will go down from the current Rs 103 per litre to Rs 95 per litre, the sources said. The petrol price in Delhi was higher as compared to the NCR cities in Uttar Pradesh and Haryana, where the state governments had announced a VAT cut following the Centre reducing the excise duty on fuel prices.

Oil marketing companies keep diesel, petrol prices unchanged in metros

Prices of the petrol and diesel have been untouched post the revision of duties by the Centre and state governments in early November

India fuel prices will fall if 'international rates' sustain: Report

Global benchmark Brent crude oil prices remained largely range bound at around USD 80 to 82 per barrel, levels during November (till November 25)

Pakistan petrol retailers call off strike after deal with govt

The strike had begun early on Thursday as the main industry body flagged low profit margins, exacerbated by the government's move to raise taxes and boost revenue

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.

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.

Fuel price relief continues as OMCs keep rates unchanged on Tuesday

Prices also remained static on Monday in Kolkata where the price of petrol reduced by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre in the first week of November.

CM Ashok Gehlot asks Centre to further cut excise duty on petrol, diesel

Speaking to the media, the chief minister said, "We demand the Central government to further cut petrol and diesel prices."

Statsguru: Six charts explain declining diesel consumption in India

With available data, commercial vehicles, most of which run on diesel, are the top users

Oil price hovers near $83 as strong dollar vies with inflation worry

On Thursday, the dollar rose to almost 16-month highs against the euro and other currencies due to bets on interest rate hikes.

European Union ministers discuss surge in inflation, energy prices

Dombrovskis said there were several developments that risked hampering the recovery. One of these was inflation, which stood at 4.1 per cent in October in the eurozone.

Delhi Congress stages protest demanding reduction in VAT on petrol, diesel

The DPCC chief further alleged that the Delhi government does not use the collection of over Rs 25,000 crore from VAT from petroleum products.

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

Sustainable fuel taxes

India needs a more transparent tax structure

Total tax on petrol down to 50%, diesel to 40% after excise duty cuts

The retail price of petrol and diesel is decided after adding central excise, commission paid to dealers and value-added tax (VAT) to basic oil prices

Petrol and diesel prices remain unchanged for third consecutive day

In the financial capital Mumbai, petrol continues to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre.

Meghalaya govt cuts VAT on fuel by Rs 5.20 per litre after excise duty cut

The Meghalaya Democratic Alliance government announced a reduction in the value-added tax (VAT) on petrol and diesel by Rs 5.20 per litre each.

Fuel pump dealers bleed on sudden excise duty cut on petrol, diesel

Dealers earn a commission of Rs 2.58 a litre on diesel and Rs 3.85 a litre on petrol