New Delhi: Allaying concerns about the return of fuel subsidy regime, a top finance ministry official on Thursday said the government asking oil PSUs to subsidise petrol and diesel prices by Re 1 per litre was a one-time thing and it does not intend to ask them to do it again. While oil marketing companies…
New Delhi: With non-BJP ruled states refusing to cut taxes on fuel, Finance Minister Arun Jaitley on Saturday questioned Congress President Rahul Gandhi and his “reluctant allies” if they are only committed to tweets and television bytes when it comes to giving relief to the common man.
Dubai: The oil market is balanced in terms of supply and demand, Qatar’s Energy Minister Mohammed al-Sada said on Sunday.
New Delhi: The government directive to state-owned fuel retailers to subsidise petrol and diesel will have a negative impact on their profitability and credit metrics, Fitch Ratings said on Friday.
Mumbai: The Reserve Bank on Friday unexpectedly maintained status quo on the benchmark interest rate but warned that volatile and rising oil prices, and tightening of global financial conditions pose substantial risks to the growth and inflation.
Hyderabad: The petrol price in the city dropped from Rs 88.97 to Rs 86.07, a reduction of Rs 2.90, after the Centre reduced excise duty on fuel by Rs 1.50 and directed oil manufacturing companies to absorb Rs 1.
New Delhi: Concerned over the spike in fuel prices, Finance Minister Arun Jaitley met Oil Minister Dharmendra Pradhan to look at options to mitigate its impact on the economy, sources aware of the discussion said.
New Delhi: The government on Thursday announced a Rs 2.50 per litre cut in petrol and diesel prices after it reduced excise duty by Rs 1.50 a litre and asked oil companies to absorb another Re 1.
Mumbai: Union minister Nitin Gadkari on Thursday said the country is facing lot of “economic crisis” due to crude oil imports and need to reduce imports and increase exports.
Ahmedabad: The Gujarat government on Thursday announced reduction of petrol and diesel prices by Rs 2.50 per litre. The announcement was made by Chief Minister Vijay Rupani soon after a similar decision taken by the central government to reduce the prices of petrol and diesel by Rs 2.50 per litre.