Page 25 - Fuel Prices

India's retail inflation probably rose in Feb as fuel, food prices went up

The March 5-9 poll of over 50 economists showed retail inflation climbed to 4.83% in February from January's 4.06%

Siddaramaiah slams Centre, questions heavy excise duty on petrol and diesel

Siddaramaiah claimed the basic value of petrol and diesel per litre is Rs 32.94 and Rs 34.10 respectively

Lok Sabha fails to transact legislative business for second consecutive day

Lok Sabha proceedings were repeatedly adjourned Tuesday

Lok Sabha adjourned till 2 pm amid protests over fuel price hikes

Lok Sabha proceedings were adjourned for the second time on Tuesday till 2 pm amid protests by Opposition members over the rising fuel prices

Top headlines: Ruia out of Air India sale race, India to appeal Cairn award

IndiGo, the country's largest airline, is in talks with Airbus to finalise a deal to acquire up to five A321 converted freighters amid a burgeoning air cargo market

Ahead of Assembly polls, oil companies hold back price hike in March

It appears that the Centre has informally conveyed to the three major OMCs to not revise fuel prices for the time being, two people in the government said

LPG price double in the last 7 years: Oil minister Dharmendra Pradhan

Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the increase in taxes on petrol and diesel has swelled collections by over 459 per cent, Oil Minister Dharmendra Pradhan said on Monday. In written replies to a spate of questions on rising fuel prices in the Lok Sabha, Pradhan said the retail selling price of domestic gas was Rs 410.5 per 14.2-kg cylinder on March 1, 2014. This month, the same cylinder costs Rs 819. Small price hikes over the past couple of years have eliminated subsidy on cooking gas as well as PDS kerosene. Pradhan said the price of domestic subsidised LPG has been raised during the last few months. It cost Rs 594 per cylinder in December 2020 and now is priced at Rs 819. Similarly, kerosene sold to the poor through the public distribution system (PDS) has risen from Rs 14.96 per litre in March 2014 to Rs 35.35 this month, he said. Petrol and diesel prices too are at an all-time high across the country. The rate

Hooda rides tractor to reach assembly in protest against rising fuel prices

Former Haryana Chief Minister Bhupinder Singh Hooda on Monday rode a tractor pulled by party legislators on the way to the state Assembly

Rajya Sabha washout over uproar on increasing petrol-diesel prices

The Opposition's continuous uproar and persistent demand for a discussion on the increase in petrol, diesel and LPG prices on Monday led to washout of the day's proceedings in Rajya Sabha.

Opposition leader Mallikarjun Kharge raises fuel price issue in Rajya Sabha

Leader of Opposition Mallikarjun Kharge raised the issue of sharp rise in prices of petrol, diesel and LPG in Rajya Sabha on Monday

Rajya Sabha adjourned till 11 am amid uproar by opposition over fuel prices

Rajya Sabha proceedings were adjourned till 11 am on Monday amid uproar by Opposition members seeking a debate on the issue of frequent increase in fuel prices

Petrol, diesel prices unchanged across metros for 8th consecutive day

Oil marketing companies kept fuel prices unchanged for the eighth consecutive day across the four metros on Sunday

West Bengal CM Mamata to lead rally against fuel price hike in Siliguri

West Bengal Chief Minister Mamata Banerjee will lead a 'padayatra' here on Sunday to protest against the steep hike in fuel prices, including LPG cylinders.

High fuel prices a burden, Centre-states must talk: FM Nirmala Sitharaman

Both the Centre and the states draw revenues by taxing fuel, and 41 per cent of the tax collected by the Centre goes to the states, Sitharaman said

States open to GST on fuel, want Centre to come up with clear plan

Say Centre should come up with clear proposal, with focus on compensation mechanism

GST can make fuel cheaper by up to Rs 20 and Rs 25 per litre: Study

A dollar increase in crude oil prices will push up petrol price by 50 paise and diesel by 150 paise per litre

Petrol price can come down to Rs 75 if brought under GST, says report

'There is lack of political will to bring crude under the ambit of GST,' say economists at SBI

Fuel price hike: SAD MLAs ride to Punjab Assembly on bullock carts

Sharanjit Singh Dhillon, SAD MLA from the Sahnewal constituency, told ANI that taxes on petrol and diesel are so high that people are unable to afford these items

Petrol stable at Rs 91.17 in New Delhi for fifth day, diesel at Rs 81.47

Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates

There is room for govt to cut excise duty on fuel without hurting revenues

The government has room to cut excise duty on petrol and diesel by up to Rs 8.5 per litre without impacting its target for revenue from the tax on the two fuels, analysts said. Petrol and diesel prices hover at a historic high following a relentless increase in rates over the past nine months. There have been calls by opposition parties as well as sections of society to the government to reduce excise duty to ease consumer pain. "We estimate excise duty on auto fuels in FY22 (April 2021 to March 2022), if it is not cut, at Rs 4.35 lakh crore versus budget estimate of Rs 3.2 lakh crore. "Thus, even if excise duty is cut by Rs 8.5 per litre on or before April 1, 2021, FY22E budget estimate can be met," ICICI Securities said in a note. It expressed optimism for an excise duty cut given demand recovery, impending privatisation and inflation concerns but expected it to be more modest than Rs 8.5 a litre. Excise duty was raised by Rs 13 and Rs 16 per litre on petrol and diesel between M