About 30-40 per cent of current retail fuel prices in India are composed of federal and state taxes.
25 Sep 2018 8:25 AM
In Mumbai, petrol priced touched an all-time high of Rs 89.54 per litre.
19 Sep 2018 10:36 AM
Centre collected a staggering Rs 2,29,019 crore as excise revenue from the petroleum sector in FY18.
18 Sep 2018 10:53 AM
Rising fuel prices have created a political storm with the opposition launching a scathing attack against the Modi govt.
17 Sep 2018 12:26 PM
There is deep concern in many quarters on what the Indian economy is doing at "certain dangerous levels".
12 Sep 2018 6:18 PM
A bench of Chief Justice Rajendra Menon and V K Rao made it clear it was not inclined to interfere with govt's decision.
12 Sep 2018 12:47 PM
A bench of Chief Justice Rajendra Menon and Justice V K Rao, which allowed it to be listed for hearing on Wednesday.
11 Sep 2018 3:28 PM
In Mumbai, petrol and diesel have touched a new high of Rs 88.26 and Rs 77.47 per litre.
11 Sep 2018 10:07 AM
A one rupee per litre cut in taxes would result in revenues being hit by Rs 30,000 crore on an annualised basis.
11 Sep 2018 8:42 AM
He had earlier criticised the Modi government on continues fuel price hike.
10 Sep 2018 4:47 PM
The major factor for rising prices of petrol and diesel is the global macro situation, impacting the entire pack of Emerging Markets.
10 Sep 2018 1:12 PM
Petrol price was Saturday raised by 39 paise a litre and diesel by 44 paise per litre.
08 Sep 2018 2:14 PM
Opposition parties have announced nationwide strikes and protests next week over record-high fuel prices.
07 Sep 2018 6:01 PM
Petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15.
03 Sep 2018 11:32 AM
Petrol in Delhi today costs Rs 77.91 per litre, and Rs 85.33 in Mumbai.
27 Aug 2018 12:00 PM
Inflation in 'fuel and power' basket rose sharply to 11.22 per cent in May from 7.85 per cent in April.
14 Jun 2018 12:35 PM
Central govt levies Rs 19.48 excise duty on a litre of petrol and Rs 15.33 on diesel.
04 Jun 2018 4:40 PM
The government had raised excise duty on petrol by Rs 11.77 a lire and that on diesel by 13.47 a litre.
28 May 2018 3:36 PM
Increase in petrol and diesel is likely to increase inflation as it make transportation of goods and other services costlier.
28 May 2018 12:50 AM
The most curious part is that while oil prices were at least $112 per barrel in May 2014 when the BJP-NDA took over.
25 May 2018 2:18 AM