Page 6 - Fuel Prices

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Limited impact

Tax cuts will not lower inflation significantly

Centre and states: Sitharaman reveals 'implication' of duty cut on fuel

Decision to cost Rs 1,00,000 cr a year for central government, says Finance Minister after 'criticism/appraisal' of decision.

Govt considering Rs 1 trn extra borrowing to offset fuel-tax cut: Report

The loss to the exchequer due to the recent excise duty cuts will have to be borne through additional market borrowings, says Bloomberg.

Keep up poll promise, cut rates of petroleum products, OPS tells DMK

OPS, urged the MK Stalin-led DMK government to now implement its promise regarding slashing fuel rates, made ahead of the 2021 Assembly polls and further benefit the citizens

Centre's tax cut on fuel only partial, don't expect same from states: TN FM

Despite the tax reduction announced on Saturday, the rates were still high compared to 2014: Palanivel Thiaga Rajan

'We will consider,' says Karnataka CM Bommai on further cut in fuel tax

Bowing to public pressure, Finance Minister Nirmala Sitharaman on Saturday announced a Rs 8 per litre cut in excise duty on petrol and Rs 6 a litre on diesel to avoid increase in fuel prices

Kerala govt announces tax cut on petrol by Rs 2.41, diesel by Rs 1.36

"Kerala government announces cut in tax on petrol and diesel by Rs 2.41 and Rs 1.36 respectively," state Finance Minister KN Balagopal said

Rajasthan govt reduces VAT on petrol by Rs 2.48, diesel by Rs 1.16

Due to the reduction in the prices of petrol and diesel by the central government, the state government will reduce VAT by Rs 2.48 per litre on petrol and Rs 1.16 per litre on diesel: Ashok Gehlot

'This fuel price cut not enough': TMC says BJP trying to fool masses

TMC on Saturday said the Centre's decision to slash fuel prices is an attempt to "fool the people" as it had increased the prices by leaps and bounds in the last few months

Reduction of excise duty on petrol, diesel not enough, says Thackeray

Maharashtra CM Uddhav Thackeray said the Central government's reduction of excise duty on petrol and diesel was not enough and demanded that it be brought down further

'Rollback excise duty on fuel to UPA level,' says Congress on price cut

The Congress on Saturday accused Finance Minister Nirmala Sitharaman of "befooling'' people after she announced an excise duty cut on petrol and diesel and said people needed relief

Kerala announces cut in state tax on petrol by Rs 2.41, diesel by Rs 1.36

The Union government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre

'It is always people first for us,' says PM Modi on fuel price cut

'Significant drop in petrol and diesel prices will positively impact various sectors, provide relief to our citizens and further 'Ease of Living',' tweets PM Modi

Centre reduces excise duty on petrol by Rs 8/ltr, diesel by Rs 6/ltr

Inflation bites exchequer as move will reduce FY23 revenue by Rs 85,000 cr

A slew of new launches likely by EV players amid rising fuel prices

Manufacturers are aiming to address the issue of limited EV options with the new cars they plan to bring

Monthly budget up 10% in three months amid rising fuel prices: Survey

Seventy per cent of those surveyed saw at least 10 per cent increase in their monthly budget, while 55 per cent expect prices to go up by another 10 per cent in the next three months

Asian companies to ramp up petrol exports to US as sky-high prices beckon

JPMorgan Chase & Co forecast this week that American gasoline could surge to as high as $6.20 a gallon by August

Jet fuel prices at all-time high with 5.3% hike; 10th increase this year

The price of aviation turbine fuel (ATF) was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to Rs 1,23,039.71 per kl (Rs 123 per litre) in the national capital

India's petrol, diesel sales rebound in May as pick-up in economic activity

Petrol sales grew 14 per cent during the first half of May when compared with the same period in the preceding month, while diesel demand rose 1.8 per cent