Cabinet approves India-Bhutan deal on supply of petroleum products
The Memorandum of Understanding will promote bilateral trade in the hydrocarbon sector and ensure secured and long term supply of petroleum products to Bhutan.
The Memorandum of Understanding will promote bilateral trade in the hydrocarbon sector and ensure secured and long term supply of petroleum products to Bhutan.
However, the government has estimated a growth of 2.5% in the consumption of LPG, while demand for diesel is seen rising 3%.
Amid a worsening economic crisis due to floods, high inflation and depreciating currency, Pakistan on Friday urged the International Monetary Fund (IMF) to ease harsh terms which require Islamabad to increase power tariffs and fuel taxes over the next six months.
The Central government has raised excise duty on export by Rs 6 per liter on Aviation Turbine Fuel (ATF), Rs 6 per liter on petrol and Rs 13 per liter on diesel. Apart from that Rs. 23,250 per tonne of cess will be charged on crude export. There is no change or addition of cess in the import of crude oil.
The data released by the Minister revealed that while the average petrol prices have gone up by 52.34 %, the average prices of diesel and LPG have gone up by 64.23 % and 55.97 % respectively.
The two governments had inked an agreement to execute the project in August 2015 but the construction was delayed following the 2015 earthquake in Nepal.
Former Union Petroleum Secretary S C Tripathi, when in office and after retirement, has proactively contributed to the country’s energy…
Expressing concern over the ever rising fuel prices, Indian National Lok Dal (INLD) on Thursday urged the Bharatiya Janata Party…
"Accordingly, five state governments and one Union Territory have reduced the VAT on petrol and diesel," he said.
Aam Aadmi Party (AAP) on Tuesday questioned the Bharatiya Janata Party (BJP) on the constant rise in the prices of…
