Page 40 - Fuel Prices

With steep hike in excise duty on fuel, govt to rake in Rs 1-1.6 trn

The fuel consumption is estimated to decline 10-20 per cent during fiscal year 2020-21

States get short shrift

Central govt seeks to repair its finances

Petrol, diesel excise hike can add Rs 1.4 trn to govt's coffers: Barclays

Apart from the increase in central government taxes, several states and union territories, including Delhi, Haryana, Assam, Punjab, also have raised the state tax on fuel

Excise duty on petrol raised by record Rs 10 a litre, diesel by Rs 13

The hike in duty has taken away gains from falling global crude oil prices

Delhi raises VAT on fuel, petrol up by Rs 1.67, diesel by Rs 7.10 per litre

On Tuesday, the Delhi govt had also raised excise duty on liquor to shore up its revenues

Top headlines: Silver Lake to invest in Jio Platforms; fuel sales fall

Business Standard brings to you a snapshot of top events of the day

Covid-19: Lockdown leaves Chhattisgarh petrol pumps battling for survival

The consumption of petrol and diesel in the state has fallen sharply to about 1.2 million litres from 5.5 million litres

Price crash brings no relief as oil firms keep fuel prices unchanged

The auto fuels today maintain almost the same price levels at pumps that was existing on March 14, when government raised the excise duty on petrol and diesel by Rs 3 per litre

Another excise hike for petroleum products on cards to offset revenue loss

No immediate hike, marginal increase likely to be implemented only after lockdown is lifted

Covid-19 crisis and the problem of plenty for India's fuel sector

The plummeting demand for energy across the board is causing a major headache for the sector will be how to balance its limited storage capacity

Will consider raising duties on fuel and liquor: Manpreet Badal, Punjab FM

Punjab would like to help the Centre in any way possible to deal with the coronavirus disease (Covid-19) pandemic, said state Finance Minister Manpreet Singh Badal

Petrol, diesel demand slumps 66%; ATF down 90% as lockdown hurts business

The country's petroleum product consumption fell 17.79 per cent to 16.08 million tonnes in March as diesel, petrol and ATF demand fell

Coronavirus may bug diesel may after gasoline, jet fuel price crash

But diesel's star is starting to fade, with its premium to crude oil recently dropping in trading hubs around the world

No fuel crisis, India has enough stock to last lockdown: IOC chief

There is absolutely no need for panic booking. We have enough stocks to meet all demand, Singh said

Fuel prices see minor changes; check petrol and diesel rates today

Petrol is being sold at a rate of Rs 69.59 per litre in Delhi

Fuel prices see minor changes, check petrol and diesel rates today

Petrol is being sold at a rate of Rs 69.63 per litre in Delhi

Fuel prices see minor changes, check petrol and diesel rates today

The prices of petrol and diesel can increase further as Parliament passed Finance Bill on Monday

Centre to hike excise duty on petrol and diesel by Rs 8 per litre each

The digital tax at the rate of 2% may particularly come as a setback to Chinese e-commerce players like AliExpress, Shein, and Club Factory selling in India

Fuel price unchanged for 7th straight day: Check petrol, diesel rates today

The fuel prices across the country seem to be stable since past one week due to the coronavirus outbreak

Fuel sales tax hike double whammy for struggling road transporters

The only reprieve for transporters in the near to medium term is a bumper rabi crop, the harvesting of which has begun.