Earlier in 2008, RIL had compensated dealers when it shut retail outlets due to high crude oil prices and lack of support from the government
Opposition chief ministers have made it clear that they would reduce tax rates on petrol and diesel if the Centre cleared their dues
The Trinamool Congress (TMC) tweeted that the Centre owes West Bengal a whopping Rs 97,807.91 crore
Gehlot claimed Centre has earned about Rs 26 trn from excise duty in 8 years which, he said, is the highest amount earned by any dispensation in history of the country by imposing tax on petrol-diesel
Senior BJP leader Devendra Fadnavis also asked chief minister Uddhav Thackeray whether he would slash the VAT on petrol and diesel in July when Union government clears all the dues
Rajasthan imposes VAT of 30 per cent on petrol and 22 per cent diesel, which are among the highest in the country
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
In Chennai too, they were increased. Petrol there now costs Rs 105.94 and diesel Rs 96 per litre
Petrol and diesel in Delhi are selling at Rs 99.11 per litre and Rs 90.42 per litre Sunday morning after prices increased by 50 and 55 paise.
Retail prices of petrol and diesel had been on a freeze since October 2021 when crude oil prices were hovering around $80 a barrel
The Congress president continued to sit in the House even after the Question Hour
Except IOC, which managed to hold 200-DMA, other stocks are in no mood to conquer their respective hurdles yet, technical charts indicate
India's three state-run fuel retailers - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp - dominate fuel retailing in India, and tend to move their prices together
CNG price in Delhi and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase in petrol and diesel price is on wait-and-watch mode for more clarity on global oil prices
JPMorgan said for oil marketing companies to revert to normalised marketing margins, retail prices need to increase by Rs 9 a litre or 10%
The agency said a cut in the excise duties to the pre-pandemic levels before the start of the new fiscal year on April 1 will entail a cost of up to Rs 92,000 crore to the exchequer
ATF price was hiked by Rs 4,481.63 per kilolitre or 5.2 per cent to Rs 90,519.79 per kl in the national capital, according to a price notification of state-owned fuel retailers
While India has been reaching out to oil producing nations to raise crude oil and temper the runaway prices, but these efforts have largely been unfruitful
Puri also said prices have gone up by only 30% in the last 7 years, that is from 2014-2021 period and emphasised that various steps have been taken to deal with the situation of high oil prices
International oil prices jumped to the highest level since 2014, topping USD 87 a barrel but domestic petrol and diesel prices remained unchanged for the 74th day in a row