Page 8 - Fuel Prices

Reduce VAT on fuel to control prices in national interest: Modi to states

He said the Centre had urged states to reduce taxes and transfer the benefit to the citizens

Food, fuel price shocks from Ukraine war to last at least 3 yrs: World Bank

Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said

India carving opportunities from challenges amid Ukraine war: Sitharaman

The Finance Minister said she voiced her concern that countries like India which have potential for floating its agricultural produce, particularly cereals, have faced difficulties with the WTO

Curfew imposed in Sri Lanka's Rambukkana amid unrest over fuel price hike

A litre of petrol 92 octane has been increased by Rs 84 while a litre of petrol 95 octane by Rs 90, a litre of Auto Diesel by Rs 113 and a litre of super diesel has been increased by Rs 75

Sri Lanka's state-run oil company raises fuel price amidst economic crisis

The state-run Ceylon Petroleum Corporation's (CPC) new price of 92 octane petrol Rs 338 per litre is an increase of Rs 84 and now matches the per litre price of Lankan Indian oil company (LIOC)

CNG, petrol price hike: Auto, taxi unions on strike demanding subsidy

Petrol now costs Rs 105.41 and diesel Rs 96.67 per litre in the national capital; the CNG price on Monday stood at Rs 71.61 per kg

Auto, taxi unions on strike in Delhi to demand CNG subsidy, fare hike

Various auto-rickshaw, cab and taxi unions in the national capital went on a strike on Monday, demanding a CNG subsidy and a fare revision in the wake of rising fuel prices.

FM Sitharaman, CEA Nageswaran to attend World Bank-IMF Spring Meeting

Sitharaman and CEA V Anantha Nageswaran are expected to represent the government at the World Bank-IMF Spring Meeting, which will take place in Washington DC from April 18 to April

Rising fuel, CNG prices: Auto, taxi drivers go on strike in Delhi today

Commuters in Delhi may face problems as various unions of auto, taxi and mini bus drivers have decided to go on strike on Monday. The unions have been demanding hike in fare rates and slashing of CNG prices. While most unions said they will be on one-day strike, the Sarvodaya Driver Association Delhi, which has members who drive for cab aggregators, said it will go an "indefinite" strike from Monday. The unions have refused to call of their strike despite an announcement by the Delhi government to form a committee to consider fare revision in a time-bound manner. "We have decided to go on an indefinite strike from Monday in view of no action by the government to help us by slashing prices of fuels and revising fares," President, Sarvodaya Driver Association Delhi, Kamaljeet Gill, said. General secretary of the Delhi Auto Rickshaw Sangh, Rajendra Soni, said the "unprecedented" hike in rates of CNG has taken a toll auto and cab drivers. "We know that the Delhi government is forming

Fuel hike: Auto, cab drivers in Delhi to go on two-day strike from Monday

Several unions of auto and cab drivers are demanding that the fare rates be hiked and fuel prices be reduced

Pakistan: Shehbaz govt to retract from decision on fuel hike, says report

According to The News International, the sources said, the government thinks subsidising the masses with this huge multi-billion rupee package for cheap products is not a viable option

India's fuel sales fall in April first half after record rise in prices

Petrol sales fell almost 10 per cent in the first half of April when compared with the same period in the preceding month, while diesel demand slid 15.6 per cent

Cong takes a jibe at Centre over petrol prices, compares with other nations

The Congress on Friday compared the price of petrol in India with its neighbouring countries, and alleged that the cost of the auto fuel in the country is far higher than even in Nepal.

Massive hike in fuel prices in Pakistan, diesel to go by Rs 119

Pakistan's new Prime Minister Shehbaz Sharif has said the country's economy had stagnated under his predecessor Imran Khan

States should cut VAT to give relief to consumers: Puri on fuel prices

All BJP-ruled states have reduced VAT on petrol and diesel, Puri pointed out

High fuel prices to hit near-term demand, recovery seen in H2: Report

For overall 2022, India's oil demand is expected to grow by 225,000 barrel per day, with growth expected to ease to 185,000 barrels per day in 2023

Congress' Randeep Surjewala slams Centre over hike in fuel prices

The Congress on Thursday slammed the Centre over rising prices of CNG and PNG and termed it "fuel loot."

Top headlines: Four rate hikes likely in FY23, 'Tata Neu' an instant hit

Business Standard brings you the top headlines this morning

Fuel price rise could not have stoked March inflation, say experts

Price rise in fuels will only reflect in April numbers

Spiralling prices of essentials, fuel strain household budgets across India

While the prices of vegetables and several other food items have gone through the roof, the rates of petrol and diesel have increased by about Rs 10 per litre each in the past one month.