Page 2 - Fuel Prices

Kerala govt announces tax cut on petrol by Rs 2.41, diesel by Rs 1.36

"Kerala government announces cut in tax on petrol and diesel by Rs 2.41 and Rs 1.36 respectively," state Finance Minister KN Balagopal said

Rajasthan govt reduces VAT on petrol by Rs 2.48, diesel by Rs 1.16

Due to the reduction in the prices of petrol and diesel by the central government, the state government will reduce VAT by Rs 2.48 per litre on petrol and Rs 1.16 per litre on diesel: Ashok Gehlot

'This fuel price cut not enough': TMC says BJP trying to fool masses

TMC on Saturday said the Centre's decision to slash fuel prices is an attempt to "fool the people" as it had increased the prices by leaps and bounds in the last few months

Reduction of excise duty on petrol, diesel not enough, says Thackeray

Maharashtra CM Uddhav Thackeray said the Central government's reduction of excise duty on petrol and diesel was not enough and demanded that it be brought down further

'Rollback excise duty on fuel to UPA level,' says Congress on price cut

The Congress on Saturday accused Finance Minister Nirmala Sitharaman of "befooling'' people after she announced an excise duty cut on petrol and diesel and said people needed relief

Kerala announces cut in state tax on petrol by Rs 2.41, diesel by Rs 1.36

The Union government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre

'It is always people first for us,' says PM Modi on fuel price cut

'Significant drop in petrol and diesel prices will positively impact various sectors, provide relief to our citizens and further 'Ease of Living',' tweets PM Modi

Centre reduces excise duty on petrol by Rs 8/ltr, diesel by Rs 6/ltr

Inflation bites exchequer as move will reduce FY23 revenue by Rs 85,000 cr

A slew of new launches likely by EV players amid rising fuel prices

Manufacturers are aiming to address the issue of limited EV options with the new cars they plan to bring

Monthly budget up 10% in three months amid rising fuel prices: Survey

Seventy per cent of those surveyed saw at least 10 per cent increase in their monthly budget, while 55 per cent expect prices to go up by another 10 per cent in the next three months

Asian companies to ramp up petrol exports to US as sky-high prices beckon

JPMorgan Chase & Co forecast this week that American gasoline could surge to as high as $6.20 a gallon by August

Jet fuel prices at all-time high with 5.3% hike; 10th increase this year

The price of aviation turbine fuel (ATF) was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to Rs 1,23,039.71 per kl (Rs 123 per litre) in the national capital

India's petrol, diesel sales rebound in May as pick-up in economic activity

Petrol sales grew 14 per cent during the first half of May when compared with the same period in the preceding month, while diesel demand rose 1.8 per cent

Vehicle fuel prices responsible for around 30% of April inflation spurt

The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month

Ensuring resilient energy transition needs to be top-priority: WEF study

The new special edition report by WEF listed key recommendations for governments, companies, consumers and other stakeholders on how to progress the energy transition

Economy a cause of worry as foreign exchange reserves deplete: Congress

"The government is actually fueling the rise of inflation by its wrong policies, especially through high taxes on petrol and diesel, high administered prices and high GST tax rates," Chidambaram said

Pakistan: PML-N chief Nawaz Sharif opposed to fuel price rise, says insider

A source present at the meeting told Dawn news that the PML-N faced a tough choice: either increase fuel prices or pass the reins to an interim set-up

Fearing closure of petrol pumps, RIL-BP drafting a rescue plan: Report

Earlier in 2008, RIL had compensated dealers when it shut retail outlets due to high crude oil prices and lack of support from the government

Birla Corp net profit down 55.45% in Q4, blames high fuel prices

Company says it has 'healthy growth in sales by volume in almost every segment and market'.

India's fuel sales moderate in April, fall 4% MoM at 18.6 mn tonnes

(Reuters) - India's fuel consumption moderated and slipped 4% in April from the previous month, data showed on Tuesday, as elevated domestic prices slowed activity