Page 4 - Petrol

India's petrol, diesel sales jump in first fortnight of June

Diesel, the most-used fuel in the country, saw sales jumping 47.8 per cent year-on-year to 3.4 million tonnes between June 1-14.

Petrol prices in Pakistan rise by PKR 60 in a week, hit record levels

The prices of petroleum products in Pakistan have risen by a massive PKR 60 per litre in about a week taking them to record levels

India turns 10% of its petrol green; targets to double it by 2025-26

India has achieved the target of supplying 10 per cent ethanol-blended petrol ahead of schedule and is aiming to double blend by 2025-26 in order to cut oil import dependence

The math goes all wrong for fuel retailers despite sustained oil price hike

Demand destruction led by Covid-19 and the EV push, cutback in retail prices could end up making the business of running fuel stations unviable

Sri Lanka hikes fuel prices; petrol at all-time high of Rs 420 per litre

Sri Lanka raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves

Analysts bullish on auto stocks amid govt. measures on fuel, steel price

At the operational level, Nomura sees margin benefit for companies in the backdrop of a cut in steel prices

Indian consignment of 40,000 MT of petrol reaches crisis hit-Sri Lanka

A consignment of around 40,000 metric tonnes of petrol from India reached Sri Lanka, which is reeling under its worst-ever economic crisis, on Monday, the Indian mission in the island nation announced

Petrol under-recovery at Rs 13, diesel Rs 24; RIL-BP says ops unsustainable

Two sources aware of the matter said Reliance BP Mobility Ltd contends that PSU oil marketing companies control over 90% of the market and are the price-setters

Duty cut on petrol, diesel to put pressure on fiscal deficit: Experts

The tax reduction on petrol and diesel will lead to revenue loss of around Rs 1 lakh crore per year for the government

HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?

According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.

Punjab: Opp parties demand cut in VAT on fuel as govt slashes excise duty

The opposition parties on Sunday demanded from the AAP government in Punjab to reduce VAT on fuel after the Union government slashed excise duty on petrol and diesel to give relief to consumers

Kerala, Maharashtra, Raj reduce VAT on fuel after Centre cuts excise duty

Maharashtra, Rajasthan, Kerala have decreased VAT on petrol and diesel after Finance Minister Nirmala Sitharaman's call to provide further relief to consumers following a cut in excise duty by Centre

Maharashtra reduces VAT on petrol by Rs 2.08/ltr, diesel by Rs 1.44/ltr

A day after the Centre reduced excise duty on fuel, the Shiv Sena-led Maharashtra government on Sunday slashed the VAT on petrol by Rs 2.08 per litre and diesel by Rs 1.44 per litre. A statement issued by the government said the state exchequer will have to bear an annual loss of Rs 2,500 crore as a result of this decision. After reducing the VAT on petrol and diesel, the per month revenue from petrol will reduce by Rs 80 crore, while that from diesel by Rs 125 crore. The central government on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 reduction on diesel.

Centre reduces excise duty on petrol by Rs 8 and on diesel by Rs 6/litre

The move will have revenue implication of around Rs 1 trn for the govt, says FM Sitharaman; also, the govt will give Rs 200/cylinder subsidy to Ujjwala Yojana beneficiaries for 12 cylinders in a year

HPCL Q4 net declines 40%, declares final dividend of Rs 14/share for FY22

HPCL CMD said the company earned $12.44 on turning every barrel of crude oil into fuel in Q4FY22 as against a gross refining margin GRM of $8.11 per barrel in the same quarter a year back

Petrol in India cheaper than UK, Germany but costlier than US, China, Pak

Petrol in India is cheaper than in countries like Hong Kong, Germany and the UK but costlier than in China, Brazil, Japan, the US, Russia, Pakistan & Sri Lanka, a BOB Economics Research report showed

Petrol price hiked in Nepal; reaches all-time high of NPR 170 per liter

The board of directors of state-owned petroleum importer NOC decided to increase the price by 10 paise after which a litre of petrol would cost NPR 170

Explained: Why India's 2025 ethanol blending target may not be a good idea

India's target to have 20% ethanol blended in petrol will have to bring more land under cultivation of raw material, and that may affect food security. Yet, emissions will not reduce drastically

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

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