Page 5 - Diesel

Imminent price hike expectation drives petrol, diesel sales in India

India's auto fuel sales surged past pre-pandemic levels in the first half of March as consumers and dealers topped tanks in anticipation of a likely price hike post assembly elections. Petrol sales by state-owned fuel retailers, which control roughly 90 per cent of the market, at 1.23 million tonnes during March 1-15 were nearly 18 per cent higher than the same period last year and 24.4 per cent higher than the period in 2019, preliminary industry data showed. Diesel, mostly-used fuel in the country, saw sales jumping 23.7 per cent year-on-year to 3.53 million tonnes. This was 17.3 per cent higher than sales in March 1-15, 2019. While petrol sales were 24.3 per cent higher than the sales during March 1-15, 2020, diesel sales were up 33.5 per cent over the same reference period. Month-on-month, petrol sales were up 18.8 per cent and diesel sales surged 32.8 per cent. Oil Minister Hardeep Singh Puri had on Monday stated that fuel sales had jumped 20 per cent on comments exhorting pe

Cost benefit study needed before spending money on inland water transport

Given the shape of peninsular India it makes far more sense to run trains from one coast to the other than ships.

Top headlines: Grover accused of money laundering; Biden warns Putin

Business Standard brings you the top headlines on Wednesday

New levy on unblended petrol and diesel likely to lead to price hike

The Rs 2 per litre additional excise duty proposed on unblended fuels in the Finance Bill will result in a uniform hike of diesel prices across the country from October 1.

Centre sets target to replace Diesel with Renewable in Agriculture by 2024

Power minister R K Singh says this is in line with govt's commitment to hike the share of non-fossil fuels by 2030 and become a net zero emitter by 2070

Covid-19: Petrol, diesel sales fall in January as Omicron spreads

The rapid spread of the Omicron variant of coronavirus has led to the imposition of local restrictions in several parts of the country

ATF price hiked by 4.2%, second increase in Jan as petrol, diesel unchanged

Jet fuel or ATF price was hiked by 4.2 per cent - the second increase in rates this month warranted by firming international oil prices, but petrol and diesel prices remained unchanged

Pipeline spills over 300,000 gallons of diesel near New Orleans

A severely corroded pipeline ruptured and spilled more than 300,000 gallons (1.1 million liters) of diesel fuel just outside New Orleans after the operator delayed needed repairs

Pipeline spills 300,000 gallons of diesel near New Orleans: Report

The spill from the 16-inch (40-centimeter) diameter line operated by Collins Pipeline Co. was discovered December 27 near a levee in St. Bernard Parish, just east of New Orleans

India's gasoil sales rise in Dec, but Omicron seen dampening demand

Movement of gasoil-consuming trucks in India picked up in December as more fruits and vegetables were transported across the country than usual that month

Govt allows Delhi NCR-based pharma and device makers to use diesel gensets

This decision also applies to factories in NCR which manufacture life saving drugs and devices.

Despite EV hype, will India be the last major economy to ditch auto fuels?

There are over 3 million CNG-fuelled vehicles registered in India

Delhi govt likely to slash VAT on petrol, diesel prices today

In the Delhi Cabinet meeting on Wednesday, the government is likely to decrease VAT on petrol and diesel

Govt's excise mop-up from petrol, diesel doubles to Rs 3.7 trillion in FY21

The increase in the collection was mainly on account of rise in the incidence of taxation on fuels

No immediate consumer relief expected in petrol, diesel prices

Oil companies cautious over crude oil price fluctuations

Chhattisgarh govt announces reduction of VAT on petrol, diesel

The Chhattisgarh government on Monday decided to reduce Value Added Tax on petrol and diesel by 1% and 2%, respectively.

Petrol, diesel demand growth to halve due to CNG, ethanol, EV push: Crisil

Refiners may need to trim capacity expansion plans

India's diesel demand dips in first half of November, show govt data

India's gasoil consumption, which accounts for about two-fifths of the country's fuel demand, typically rises during a month-long festival season that ended earlier this month

Centre to bear full revenue loss on petrol, diesel excise cut: Fin Min

The entire revenue loss on account of reduction in excise duty on petrol and diesel by Rs 10 and Rs 5 a litre respectively will be borne by the Centre

Fuel prices remain static for 11th straight day as global prices softens

Fuel prices remained unchanged in the country on Monday after the revision of duties, providing a much needed relief to consumers from the consistent increase in the rates earlier.