Govt's tax collection on petrol, diesel jumps 300% in 6 years
The central government collected Rs 29,279 crore from excise duty on petrol and Rs 42,881 crore on diesel in 2014-15 -- the first year of office of the Modi government.
Mar 22, 2021, 17:47 PM IST
No proposal to bring petrol, diesel, ATF, gas under GST: FM Nirmala Sitharaman
When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities - crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) - were kept out of its purview given the revenue dependence of the central and state governments on this sector.
Mar 16, 2021, 11:40 AM IST
Amid rising crude prices and inflation, Oil Minister says tax collection on petrol, diesel jumps 459%
In written replies to a spate of questions on rising fuel prices in the Lok Sabha, Pradhan said the retail selling price of domestic gas was Rs 410.5 per 14.2-kg cylinder on March 1, 2014. This month, the same cylinder costs Rs 819.
Mar 09, 2021, 09:05 AM IST
Fuel price hike: RBI Governor calls for calibrated unwinding of high indirect taxes on petrol, diesel
The Reserve Bank`s Monetary Policy Committee members, in their recent meeting, expressed the need to continue with the accommodative stance to ensure that economic recovery gains greater traction and becomes broad-based.
The minutes of the MPC meet which took place February 3-5, revealed that all six members also noted lower consumer inflation brightened the outlook even as upside risks persist.
Feb 23, 2021, 10:44 AM IST
FM Sitharaman says bringing petrol, diesel under GST regime could help in lowering fuel prices
Sitharaman, who had increased central excise duty on petrol and diesel by a record margin last year to mop up gains arising from international oil prices plunging to two- decade low, remained non-committal on cutting taxes to give relief to consumers.
Feb 22, 2021, 11:58 AM IST
Petrol, diesel prices burning a hole in the pocket, here's why fuel prices are increasing so much
In the national capital, petrol saw an increase of 39 paise and is being sold at Rs 90.58 per litre while diesel prices were hiked by 37 paise and costs Rs 80.97 per litre on February 20 (Saturday), while rates were paused on Sunday .
Feb 22, 2021, 08:57 AM IST
Petrol Price Today, 18 February 2021: Fuel on fire, petrol price breaches Rs 100-mark in Rajasthan
Petrol in Delhi stand at Rs 89.88/litre, an increase of 34 paise and diesel prices stand at Rs 80.27/litre, an increase by 32 paise.
Here is looking at the price difference of diesel and petrol in four metro cities on February 18, 2021.
Feb 18, 2021, 11:13 AM IST
Petrol, diesel to become cheaper by Rs 5 per litre in Assam
The finance minister presented the vote-on-account for an aggregate expenditure of Rs 60,784.03 crore for the first six months of the next fiscal. Gross State Domestic Product (GSDP) rose from Rs 2,02,080.85 crore to Rs 2,48,796.15 crore between 2016-17 and 2019-20 at constant prices.
Feb 12, 2021, 13:13 PM IST
Petrol Diesel Prices Today, February 5, 2021: Petrol just 5 paise away from crossing Rs 87 per litre in Delhi
Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55.
For diesel, the central excise adds up to Rs 31.83 and VAT to Rs 10.99. Besides, the price also includes a dealer commission of a minimum Rs 2.6 per litre on petrol and Rs 2 on diesel.
Petrol, diesel prices hiked by 35 paise per litre after 7-day pause: Check fuel prices in metro cities on February 4, 2021
State-owned fuel retailers -- Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- had on January 6, resumed daily price revision after nearly a month-long hiatus. Since then, rates have gone up by Rs 2.34 a litre on petrol and Rs 2.36 in case of diesel.
Feb 04, 2021, 09:02 AM IST
Petrol, diesel prices unchanged for 7th day after hitting new record high: Check fuel prices in metro cities on February 3, 2021
State-owned fuel retailers -- Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- had on January 6, resumed daily price revision after nearly a month-long hiatus. Since then, rates have gone up by Rs 2.34 a litre on petrol and Rs 2.36 in case of diesel.
Feb 03, 2021, 09:59 AM IST
Budget 2021: Agri cess in, levies on auto fuels altered, excise duty reduced
Union Finance Minister Nirmala Sitharaman on Monday (February 1) announced that the levies on petrol and diesel have been altered. The announcement was made in the Union Budget 2021-22 and the alterations will be applicable from April 1, 2021.
Feb 01, 2021, 16:27 PM IST
Union Budget 2021: Agri cess of Rs 2.5/litre on petrol, Rs 4/litre on diesel
The last few increases in pump prices in petrol and diesel has taken its price to record levels across the country in all major metro cities and other towns. The last time the retail price of auto fuels were closer to current levels was on October 4, 2018 when crude prices had shot up to $80 a barrel.
Feb 01, 2021, 13:43 PM IST
Petrol, diesel prices unchanged for 2nd day after hitting new record high: Check fuel prices in metro cities on January 29, 2021
State-owned fuel retailers -- Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- had on January 6, resumed daily price revision after nearly a month-long hiatus. Since then, rates have gone up by Rs 2.34 a litre on petrol and Rs 2.36 in case of diesel.
Jan 29, 2021, 09:23 AM IST
Petrol, diesel prices unchanged after hitting new record high: Check fuel prices in metro cities on January 28, 2021
Global demand concerns restrained oil prices despite a huge drop in U.S. crude stocks. U.S. crude fell 24 cents to $52.61 a barrel, while Brent crude futures dropped 26 cents to $55.55.
Here is looking at the price difference of diesel and petrol in four metro cities on January 28, 2021.
Jan 28, 2021, 09:21 AM IST
OMG! Petrol price is Rs 101 per litre in THIS city, check details
State-owned oil marketing companies hiked petrol prices in Delhi by 25 paise to 86.30 per litre from Rs 86.05 per litre while diesel prices too were hiked by 25 paise to Rs 76.48 per litre from Rs 76.23 per litre. In Mumbai, diesel prices were hiked to Rs 92.86 per litre, thus witnessing new record high and petrol prices stood at Rs 83.30 per litre
Jan 27, 2021, 12:48 PM IST
Petrol prices touch fresh all-time high of Rs 86.30 per litre: Check fuel prices in metro cities on January 27, 2021
U.S. West Texas Intermediate (WTI) crude futures rose 10 cents, or 0.2%, to $52.71 a barrel at 0229 GMT, reversing some of Tuesday`s loss.
Brent crude futures climbed 11 cents, or 0.2%, to $56.02 a barrel, adding to a small gain on Tuesday. Here is looking at the price difference of diesel and petrol in four metro cities on January 27, 2021.
Petrol, diesel prices hit new record high: Check fuel prices in metro cities on January 22, 2021
Brent crude futures fell 3 cents to $56.05 a barrel by 11:27 a.m. EST (1627 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 14 cents to $53.17 a barrel.
Here is looking at the price difference of diesel and petrol in four metro cities on January 22, 2021.
Jan 22, 2021, 09:46 AM IST
Fuel prices unchanged for 2nd day after hitting new record high: Check fuel prices in metro cities on January 21, 2021
On January 19, Petrol prices were increased by 25 paise to Rs 85.20 litre from Rs 84.95 per litre while diesel prices too were hiked by 25 paise to Rs 75.38 from Rs 75.13 per litre , as per data available in Indian Oil Corporation. In Mumbai, diesel prices were hiked to Rs 91.80 per litre, thus witnessing new record high. Here is looking at the price difference of diesel and petrol in four metro cities on January 20, 2021.
Jan 21, 2021, 09:55 AM IST
Fuel prices unchanged after hitting new record high: Check fuel prices in metro cities on January 20, 2021
On January 19, Petrol prices were increased by 25 paise to Rs 85.20 litre from Rs 84.95 per litre while diesel prices too were hiked by 25 paise to Rs 75.38 from Rs 75.13 per litre , as per data available in Indian Oil Corporation. In Mumbai, diesel prices were hiked to Rs 91.80 per litre, thus witnessing new record high. Here is looking at the price difference of diesel and petrol in four metro cities on January 20, 2021.
Jan 20, 2021, 09:41 AM IST
