New Delhi: Petrol and diesel prices witnessed a hike for the fifth consecutive day across the country on Sunday. With a hike of Rs 0.35, the price of petrol in the national capital increased to Rs 107.59 per litre. The price of diesel also saw a hike of Rs 0.35 in Delhi thereby amounting to […]
Category: Oil & Gas
Petrol, diesel prices hiked for fourth consecutive day
New Delhi: Petrol and diesel prices were hiked for the fourth consecutive day across the country on Saturday. With a hike of Rs 0.35, the petrol prices increased to Rs 107.24 per litre in the national capital while the price of diesel was raised by the same amount to Rs 95.97 per litre.
Karnataka CM Bommai hints at tax cut on petrol after reviewing the state’s economy
Hubballi: Karnataka Chief Minister Basavaraj Bommai on Sunday said that the government will decide on reducing the petrol price by effecting a tax cut, after reviewing the state’s economy. “I have already said, it is dependent on the economy, after the by-polls I will review the economy, at that time if the economy has improved, […]
Petrol, diesel prices see hike across metros
New Delhi: Petrol and diesel prices rose on Tuesday across all four metros in the country. In Delhi, petrol rates reached Rs 101.39 per litre, with a hike of Rs 0.20, while diesel saw a hike of Rs 0.25 for the second consecutive day and reached Rs 89.57 per litre.
Diesel price hiked again, no change in petrol rate
New Delhi: Diesel price on Sunday was hiked by 25 paise per litre – the second increase in rates after the state-owned oil firms ended a three-week hiatus in rates following international oil prices surging to their highest since 2018. Price of diesel was hiked to Rs 89.07 per litre in Delhi and to Rs […]
Chennai Petroleum Corporation Ltd begins work on project in Tamil Nadu
Chennai: Chennai Petroleum Corporation Ltd, (CPCL), belonging to IndianOil Corporation Ltd, has begun work on a 9 MMTPA refinery and petrochemical complex being set up at an estimated investment of Rs 31,580 crore in Nagapattinam, Tamil Nadu, the company said on Wednesday. Chief Minister M K Stalin early this month handed over a government order […]
Food delivery, cab service to become costlier, petrol, diesel still not under GST
Chennai: Food delivered at home and cab services will become costly with the government bringing the services under the ambit of the GST. The GST Council which met on Friday, however, deferred a decision on making GST applicable for petrol and diesel. E-commerce operators are being made liable to pay tax on transport of passengers […]
Petrol under GST: Council unlikely to bite the bullet
New Delhi: A proposal to bring petrol and diesel under the GST regime would be placed before the GST Council for discussion on Friday in the light of the Kerala High Court asking the council to do the needful, but a decision in this regard seems highly unlikely, a source privy to development told FC. […]
LPG cylinder prices hiked for second time in 15 days; poor households hard-hit
TIRUPATI: During every rainy season, Athmakuru Varalakshmamma refills her cooking gas cylinder and uses it for three or four months. As the rains subside, she switches back to the burning of discarded and stray wood for daily cooking in her village Gudipala in Chittoor district In the past two months, however, she didn’t refill her […]
Demand for airline fuel surges in India with tourism rebound
People across India are taking to the skies after months stuck in their homes during a deadly Covid-19 wave, driving a spike in demand for jet fuel, the oil product hit hardest by the ongoing pandemic. Indians have flocked to tourist spots across the country from the beaches of Goa on the west coast to […]
Videocon lenders to eventually take only 50-55% haircut, says former CFO
Lenders to Venugopal Dhoot-founded Videocon Group will eventually take 50-55 per cent haircut and not 95 per cent as is being reported after considering about Rs 15,000 crore expected from the sale of the group’s overseas oil and gas assets, its former CFO Rajneesh Gupta claimed. Videocon Industries Ltd, which is comprised of its consumer […]
Puri conveys India’s concerns over high oil prices to Saudi, UAE
New Delhi: India, the world’s third-biggest oil consumer, has conveyed to OPEC countries its concern over high oil prices that are threatening to impact the nascent economic recovery after the devastating pandemic. New Oil Minister Hardeep Singh Puri has made phone calls to key OPEC nations to convey the desire for an affordable price for […]