The Centre has reduced the windfall gains tax on exports of petrol, diesel and aviation turbine fuel (ATF), with the revised rates coming into effect from June 1. According to a notification issued by the Finance Ministry, the tax on petrol exports has been halved to ₹1.50 per litre. The levy on diesel exports has Read More…
Petrol and diesel prices were increased by up to 91 paise per litre on Saturday, marking the third fuel price hike in less than 10 days amid rising global energy costs linked to tensions in West Asia. According to the latest revision by state-owned oil marketing companies, petrol prices in Delhi rose by 87 paise Read More…
Alleged fuel shortage across Odisha has disrupted normal life in several parts of the state, with daily wage earners, gig workers, fishermen and transport operators among the worst affected. Long queues were seen outside petrol pumps in many districts as panic buying intensified fears of a fuel crisis. Several commuters and workers complained that they Read More…
Petrol and diesel prices were increased by Rs 3 per litre on Friday, marking the first fuel price hike in more than four years amid rising global crude oil prices. Following the revision, petrol in Delhi now costs Rs 97.77 per litre, up from Rs 94.77, while diesel prices increased from Rs 87.67 to Rs Read More…
Fuel prices in India may witness an increase as oil companies are considering a hike following the continuing conflict in West Asia. According to reports, petrol and diesel prices could rise by up to Rs 5 per litre. Oil companies have cited disruptions in fuel supply through the Strait of Hormuz and rising global tensions Read More…
India’s state-run oil companies are reportedly suffering losses of ₹700 crore to ₹1,000 crore per day as petrol, diesel and LPG prices remain unchanged despite a sharp rise in global energy prices amid the West Asia conflict. According to estimates, the losses have touched nearly ₹30,000 crore a month as public sector oil firms continue Read More…
The Central government has clarified that there will be no increase in fuel prices even after the ongoing Assembly elections in five states are concluded. The assurance comes amid the final phase of polling in West Bengal, where voting is underway on Tuesday. Addressing concerns over a possible hike, Sujata Sharma, Joint Secretary in the Read More…
Global oil prices have crossed the $100 mark for the first time in four years as tensions intensify in West Asia, raising serious concerns over global energy supply. The disruption in oil shipments through the strategic Strait of Hormuz and reduced production by major oil-producing countries have pushed crude prices sharply higher. Brent crude surged Read More…