Page 9 - Diesel

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

59% respondents cutting spends to cope with rising fuel prices: survey

Most want centre to reverse Covid excise duty, states to prune VAT rate or replace ad valorem rate with flat tax structure

'Yahi hai acche din? Shiv Sena slams Centre over rising fuel prices

This comes as the prices of petrol and diesel are increasing continuously for several days and in some states, the price of petrol has even crossed Rs 100 mark

West Bengal to cut taxes on petrol, diesel price by Re 1 per litre

State finance minister says decision taken despite Amphan, Covid stress and dues from Centre running into Rs 77,000 cr, will bring marginal relief especially to farmers who use diesel

As fuel prices soar, Bengal govt reduces tax on petrol, diesel by Rs 1

The West Bengal government on Sunday announced a reduction of tax by Re 1 per litre on petrol and diesel effective from midnight. State Finance Minister Amit Mitra said the move will provide some respite to people stung by burgeoning prices of fuel. "The Centre earns Rs 32.90 per litre in taxes from petrol, while the state gets Rs 18.46 only. In case of diesel, the central government's earning is Rs 31.80 per litre as against Rs 12.77 for the state," Mitra said. He also alleged that the Centre had imposed cess to avoid devolution with states, which is "against the characteristics of federalism". To a question, Mitra said the Union government should reintroduce the planning commission.

Cong planning nationwide protest against soaring fuel prices: Chennithala

"The Congress is planning an all India protest, if the prices of fuel continue to soar on an uncontrolled level," Chennithala told reporters here as he commenced today''s yatra in Ernakulam district

Why rising fuel costs should particularly concern state govts, and you

By trimming the part of fuel tax shared with states and raising cess to which it has sole access, Centre now may earn 30% more fuel tax than all states combined, from being 20% behind them 5 years ago

Understanding the zero-sum game of the new agriculture infra cess

While the FM has ostensibly got her act right on imposing the levy without punishing the consumer, questions about the share of states, the rate structure and the use of funds remain

Petrol, diesel prices at fresh highs as rates up for 2nd straight day

Petrol and diesel prices on Wednesday scaled new highs in the country as rates were hiked for the second day in a row

Weak diesel demand signals a slow rebound for industrial India

Diesel is a bellwether of industrial activity in India

Oil marketing companies continue to hold petrol and diesel price hike

The rise in crude oil prices may dent marketing margins if not passed on, however, some say OMCs may have a cushion to absorb

Throughput at IOC refineries rises to 100% in Nov on growing demand

Demand for petrol is now higher than last year, while demand for diesel continues to lag behind

Petrol prices on upswing, poised to breach all-time high in Delhi

The current price of petrol in Delhi is nearly 60 paise short of breaching the all- time high of Rs 84 per litre recorded in October 2018

Petrol price hits 2-year high of Rs 83 a litre in Delhi, diesel at 73.32

Petrol price breached the Rs 83-a-litre mark in Delhi for the first time in more than two years after a rally in international oil prices forced a 13th increase in rates in a fortnight

India's November diesel sales decline 7% after rising in October

The country is the world's third biggest oil importer and consumer.

Petrol price rises again to cross Rs 82-mark, diesel above Rs 72 a litre

In nine days, petrol price has gone up by Rs 1.07 per litre and diesel rate has risen by Rs 1.67.

Diesel sales fall 5% in November after reaching pre-Covid levels in October

India's diesel sales fell 5 per cent in the first half of November when compared with the previous year, industry data showed on Monday, after rising for the first time in eight months in October

Diesel sale clocks 6.1% growth; first time since Covid-19 induced lockdown

The rebound in diesel demand is crucial for ramping up crude processing by Indian refiners after consumption was crushed by a strict lockdown

India's diesel sales rise above pre-Covid levels in October: Industry data

India's diesel consumption rose 8.8% in the first half of this month from a year ago, its first annual increase since March, when the nation imposed lockdown restrictions to curb the spread of Covid

Covid-19 lockdown and taxes eat away at diesel's edge over petrol in India

Refiners are expected to focus on making less diesel and more gasoline and petrochemicals to respond to changing demand