The petitioner wanted the present mechanism of daily fixation of fuel prices to be held unconstitutional
The disparity between movements in the Indian crude oil basket and retail petrol and diesel prices explained in charts
Cooking gas price was hiked by Rs 1.50 a cylinder in line with the govt's decision to raise rates every month to eliminate subsidies by March
With excise tax, ATF in India is one of the costliest in the world
Petrol and diesel prices have been witnessing a steep rise since the past few weeks
Northern states also agreed to bring uniformity in taxes on liquor and registration of vehicles and transport permit
In the national capital, petrol was sold at Rs 75.71 per litre, up from Rs 75.55 on Wednesday
Excise duty and additional taxes are estimated to fetch the government about Rs 2.5 trillion in the year ending March 2019
The sudden hike in prices of diesel and petrol, along with a rise in crude oil prices, was due to the ongoing supply cut of oil by the OPEC
The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell
Under all round-attack on rising fuel prices, the government on Tuesday decided to slash the excise duty on petrol and diesel by Rs 2 per litre
It also said that though the govt needs resources for building infrastructure and welfare schemes, over-dependence on petrol, diesel by the centre and states would hamper economic growth
Petrol price of Rs 32.19 a litre in Malaysia was less than half what prevailed in India last Friday
Daily revision will stay and start from June 16, says govt
She termed the government's oil policy irrational and impractical.
He attributed the spike in international oil prices to 'some pipeline turbulence' in Europe and winter demand
At a time when petrol prices are at a three-year high and protests are being staged across the country against it, Union Petroleum minister Dharmendra Pradhan claimed on Saturday that prices have already started falling, and that the fall will would continue. Speaking to the media here at Ahmedabad, Pradhan said "Petrol prices have fallen by a few paise in the last two days... the prices will fall furhter.". Prices have fallen by 10 paise between September 21 to 23, as per the Petroleum Planning & Analysis Cell, operated by the Oil Ministry. Pradhan also said that the recent hurricanes in the US have affected petrol and diesel prices in India. "Government is in favour of bringing petrol and diesel under GST and the GST Council has been asked to consider bringing petroleum products under the Goods and Services Tax regime," he said here adding that a balanced model that ensures that the government gets revenue and that citizens aren't burdened is the need of the hour. The GST ...
The increase in price of petrol and diesel in Delhi is consequent to the increase in Dealer Commission on Petrol and Diesel
Petrol will cost Rs 65.60 per litre in Delhi after the increase while diesel will cost Rs 53.93/litre
The Maharashtra government reduced petrol and diesel prices by Rs 2 and Rs 1 respectively