Page 26 - Fuel Prices

Petrol stable at Rs 91.17 in New Delhi, diesel unchanged at Rs 81.47

Yesterday, a report said that the finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record-high domestic prices, quoting three government officials

Best of BS Opinion: Dealing with cyber-attacks, don't cut fuel taxes & more

Here's a selection of Business Standard opinion pieces for the day

Don't cut fuel taxes

Roll-back will increase fiscal risks

Delhi Cong protests rising fuel prices, women party workers carry cylinders

Delhi Congress leaders and workers staged a protest near the BJP headquarters here on Tuesday against the rising prices of petrol, diesel and cooking gas.

Jet fuel prices up by steep 6.5%; petrol, diesel unchanged for 2nd day

Jet fuel prices on Monday were hiked by a steep 6.5 per cent on the back of a rally in international oil prices. Aviation turbine fuel or ATF price was hiked by Rs 3,663 per kilolitre, or 6.5 per cent, to Rs 59,400.91 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is the third increase in jet fuel prices since February. Rates were increased by 3.6 per cent on February 16, and by Rs 3,246.75 per kl on February 1. The increase in rates will add to the margin woes of airlines who continue to operate flights at less than capacity, amid pandemic-driven travel restrictions. Brent crude oil prices on Monday rose to USD 65.49 per barrel - the highest in more than a year - on optimism in the global economy and on hopes for improving oil demand as vaccines are being rolled out. Meanwhile, petrol and diesel prices were unchanged for the second day in a row after hitting an all-time high. Petrol is priced at Rs 91.17 per litre in Delhi a

Govt considering reduction in excise duties on petrol, diesel: Report

Finance Ministry may take a final call on fuel tax cut following Opec's meeting this month, say sources

Fuel price: Vehicles to be off the road for 12 hours on March 2 in Kerala

A 12-hour vehiclestrike against rising fuel prices in the country would be held in Kerala from 6 AM on March 2. All trade unions, except the Bharatiya Mazdoor Sangh (BMS) which is affiliated to the BJP, would take part in the strike called for by the unions. The state-run KSRTC, private bus owners association and commercial vehicles would be off road, a press release from the Samyukta Samara Samithi (joint protest committee) of the unions said here. The committee has requested allprivate vehicles also to stay off the road to express solidarity with the protest. "In 2014, when Prime Minister Narendra Modi first came to power, the petrol price was Rs 75 per litre and diesel Rs 57 for a litre. Now, the cost is above Rs 94 and Rs 89 respectively," the panel said. This is affecting the common man, it said. The SSLC, plus-two, among others, on March 2 have been rescheduled for March 8, state government said. The APJ Abdul Kalam Technology University too has postponedthe e

Petrol, diesel prices remain unchanged as oil companies observe trends

The rise in the petrol and diesel price has paused for the last couple of days as oil marketing companies have decided to wait and watch the developments on the global oil market

Indian biggest fuel retailers gearing up for rural-led economic rebound

The increasing economic importance of India's hinterlands is influencing business expansion plans and accelerating a trend of more service stations being opened in the countryside

Why costly diesel burns a bigger hole in your pocket than petrol

While consumers feel the petrol pinch directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use

Key states turn down FM Nirmala Sitharaman's proposal to cut fuel tax

Cite constraints on revenue, already hit by Covid lockdowns; 'ball in Centre's court'

Petrol, diesel prices unchanged across metros, Rs 91.17 per litre in Delhi

Similarly, in Mumbai, Chennai and Kolkata, the fuel was sold for Rs 97.57, Rs 93.11 and Rs 91.35 a litre respectively

Haryana: Khap panchayat to increase milk price to protest against farm laws

Khap panchayat in Hisar on Saturday decided to increase the rate of milk against farm laws and rising fuel prices

Centre, Congress govt in Punjab should slash fuel prices: Harsimrat Kaur

Kaur on Saturday demanded the Centre and Congress-led government in Punjab should reduce fuel prices

Zomato to pay more to delivery partners, absorb fuel price rise impact

Swiggy also planning fuel-related incentives for riders

Metals to crude oil: Consumers face the brunt of commodities price surge

Durables makers hike prices to offset input costs

Centre, states need to talk to ease load on consumer: FM on fuel price hike

On a separate note, Sitharaman says govt's intent is not to shut down PSUs but it wants pvt sector to infuse more capital and bring operational efficiency

Fuel prices rising as crude-producing nations raising prices: Pradhan

Pradhan on Thursday said petroleum products in the country are getting costlier due to rising prices of crude by oil-producing nations

No proposal to reduce tax on petrol, diesel: Uttar Pradesh govt

There is no proposal to reduce tax on petrol and diesel as revenue is needed to ensure betterment of health services and other development works, the UP government said

Petrol unchanged at Rs 90.93 for 2nd day in New Delhi, diesel at Rs 81.32

In Mumbai, petrol price stood at Rs 97.34 per litre--the same as yesterday. In Chennai, petrol rose by 0.07 paise to sell at Rs 92.97. Diesel was retailing at Rs 86.37 in the city