Tag: fuel prices
10 Results
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Bring petrol, diesel under GST ambit: Congress
Making a scathing attack on the BJP-led Central government, the Congress on Tuesday questioned the constant rise in petrol and diesel prices, and demanded they be brought under the Goods and Services Tax (GST) ambit. It also asked the Central government to immediately reduce the central excise duty on petroleum products and demanded that the …
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May 22, 2018 -
The petroleum chimera
Stung by the Opposition attack on the rising prices of petrol and diesel despite a drastic fall in global crude prices since 2014, the Finance Ministry has eventually reduced the Basic Excise Duty on these fuels by Rs 2 a litre with effect from 4 October. The states have been urged to cut their levies …
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October 27, 2017 -
Are fuel prices high to pay for interest on bullet train loan: Shiv Sena
The Shiv Sena today again attacked the Centre over fuel price hikes and asked if rates had been kept high despite a slump in global crude oil prices to pay for interest on the loan taken from Japan for the bullet train project. Two days ago, the Sena, a constituent of the ruling NDA at …
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September 20, 2017 -
Link fuel prices to international market: AAP
The AAP on Wednesday urged Petroleum and Natural Gas Minister Dharmendra Pradhan to direct oil companies to link petrol and diesel prices to the international market and pass on the “huge profits” being made by them to the public. The Delhi Minister Gopal Rai said in a memorandum to Pradhan that “the mandate of the …
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September 20, 2017 -
Market pricing regime in fuels distorted by taxes: Assocham
Calling for a cut in the cess on transport fuels, industry chamber Assocham said on Sunday that the consumer is getting restive about a three-year high in the petrol prices and feels the market pricing mechanism is being distorted by tax hikes on petrol and diesel. “Consumers are getting restive about a three year high …
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September 17, 2017 -
Union Minister Alphons courts controversy over fuel prices remark
Union Minister KJ Alphons courted controversy on Saturday when he said that people who own vehicles are not starving and can afford to pay higher prices for fuel. His comments come at a time when fuel prices are at a three-year high even after international crude prices being reportedly low. “We are going to tax …
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September 16, 2017 -
Oil prices fall on OPEC compliance concerns
Oil prices fell on Monday as investors were concerned that major oil exporters' output cut deal may not be effective enough. The West Texas Intermediate for September Delivery lost $0.19 to settle at $49.39 a barrel on the New York Mercantile Exchange, while Brent crude for October delivery erased $0.05 to close at $52.37 a …
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August 8, 2017 -
Fuel prices in Maharashtra to come down as surcharge to be slashed
The prices of petrol and diesel are set to come down in Maharashtra as the government has decided to slash the state surcharge levied on petroleum products. State food and civil supplies minister Girish Bapat gave this information here on 11 July. “The prices of petrol will come down in the range of 66 paise …
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July 12, 2017 -
Indian crude oil basket goes below $50 a barrel
The Indian basket of crude oils went below the psychological $50-a-barrel-mark this week as global prices fell on the back of a supply glut from rising US crude inventories, offsetting some of the output cut efforts from the Organisation of the Petroleum Exporting Countries (OPEC). As per available data, the Indian basket, comprising 73 per …
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March 24, 2017 -
LPG, jet fuel prices hiked in Delhi
State-run oil marketing companies (OMCs) on Saturday hiked the price of subsidised cooking gas, or LPG, along with kerosene and aviation turbine fuel (ATF). The three state-owned OMCs revise rates of LPG, Kerosene and ATF on the first of every month, based on global oil prices and the foreign exchange rate. This is the seventh straight …
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December 31, 2016