Petrol, Diesel Prices Today, May 27, 2021: Petrol prices just 6 paise short of breaching Rs 100 in Mumbai
Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates.
May 27, 2021, 08:11 AM IST
Petrol prices near Rs 100/litre in Mumbai, why are fuel prices rising?
Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh and Maharashtra.
May 26, 2021, 11:28 AM IST
Are Oil Marketing Companies shifting to alternate day fuel price revision module? This is what we know
Petrol price on Monday was paused, while on Sunday price was increased by 24 paise per litre and diesel by 27 paise, pushing rates across the country to record highs and that of petrol in Mumbai to near Rs 99 a litre. The increase led to rates in Delhi climbing to Rs 92.58 per litre and diesel to Rs 83.22, according to a price notification of state-owned fuel retailers.
May 17, 2021, 12:36 PM IST
When will govt reduce prices of petrol, diesel? CBIC chairman says THIS
Record excise duty on petrol and diesel helped indirect tax collections rise by more than 59 per cent in the fiscal year ended March 31 (2020-21) when compared to the previous year.
Apr 13, 2021, 16:48 PM IST
Petrol, Diesel Prices Today, March 24, 2021: Fuel prices reduced for first time in more than a year
This is also the first reduction in petrol and diesel rates in over a year. Prices were last reduced on March 16, 2020.
Mar 24, 2021, 17:53 PM IST
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
Govt may reduce excise duty on petrol, diesel by Rs. 8.5 without hurting revenues
Petrol and diesel prices hover at a historic high following a relentless increase in rates over the past nine months. There have been calls by opposition parties as well as sections of society to the government to reduce excise duty to ease consumer pain.
Mar 03, 2021, 18:03 PM IST
Fuel Price Hike: CNG prices increase in Delhi-NCR, IGL announces new revisions
A special cashback scheme of Rs 0.50 per kg will be offered for CNG fuelling done only at IGL CNG stations through IGL Smart Cards between 11 am to 4 pm and 12 am to 6 am. For domestic PNG customers, an incentive of Rs 15 will be available when they use the self-billing option through IGL Connect Mobile App.
Mar 02, 2021, 10:18 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
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
