Petrol Prices | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 03:57 PM IST

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Petrol and diesel prices were on Thursday hiked for the first time in more than a month on the back of rising international rates and weakening rupee.

Petrol, diesel price hiked for 1st time in more than a month

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

05 Jul 2018 12:20 PM

Petrol and diesel when brought under GST will involve a peak tax rate of 28 per cent plus states getting to levy some tax. (Photo: PTI)

States will get to levy additional taxes on top of GST on fuel: Modi

Modi, however, said it will take some time for states to get around to including petrol and diesel in the GST.

29 Jun 2018 4:25 PM

A peak tax rate of 28 per cent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely to be the tax structure when the two auto fuels are covered under the GST (goods and services tax) regime, a top government official said.

Fuel prices may not change under GST

The peak GST rate plus VAT will be equal to the present tax incidence.

21 Jun 2018 11:43 AM

No pure GST on petrol, diesel; 28 pc tax plus VAT on anvil under GST

The timing of including petrol products in GST will be a political call.

20 Jun 2018 1:51 PM

Union Minister Arun Jaitley on Monday urged citizens to pay their due share of taxes "honestly" to reduce dependence on oil as a revenue source, and virtually ruled out any cut in excise duty on petrol and diesel saying it could prove to be counter-productive. (Photo: PTI)

Jaitley hints at no cut in excise on oil, appeals to pay taxes honestly

The level of non-oil taxes to GDP at 9.8 per cent in 2017-18 is the highest since 2007-08.

18 Jun 2018 4:09 PM

SBI economic body suggests measures to reduce fuel prices

The rising fuel price has become a matter of concern for the general public.

28 May 2018 6:52 PM

The government on Wednesday said it is working on a long-term solution to address the volatility and frequent revisions in rates.

Govt working on long-term solution to fuel prices, says Prasad

The 10-day relentless price increases built pressure on the government for cutting excise duty to give immediate relief to consumers.

23 May 2018 7:38 PM

Amid rising criticism over steep hike in fuel prices, senior Congress leader P Chidambaram on Wednesday claimed it was possible to cut up to Rs 25 per litre in petrol prices but the government will not do so. (Photo: PTI)

Govt can reduce petrol price up to Rs 25 but won't do, says Chidambaram

In a series of tweets, the former finance minister said the bonanza to central government is Rs 25 on every litre of petrol.

23 May 2018 1:16 PM

The government is likely to come out with "some steps" this week to deal with record high petrol and diesel rates.

Steps to deal with rising petrol, diesel prices likely this week

The prices in Delhi are the cheapest among all metros and most state capitals.

22 May 2018 4:26 PM

Union Petroleum Minister Dharmendra Pradhan said increase in fuel prices was due to reduced production of oil in OPEC and hike in crude oil price in international market. (Photo: File/PTI)

Govt to find solution to combat fuel price hike soon: Dharmendra Pradhan

Petrol prices on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest-ever level of Rs 67.57.

21 May 2018 11:03 AM

Petrol and diesel prices are expected to rise in the coming days too as crude oil is hovering at around $80 a barrel.

Fuel prices at record high levels, may go up

As petrol and diesel have been left outside GST, their prices and quantum of increase vary from state to state depending upon local taxes.

21 May 2018 4:53 AM

A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said.

Rs 4 a litre hike in petrol, diesel prices in offing

The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain stable hereon.

17 May 2018 3:53 PM

Petrol and diesel prices across the country received a substantial hike, with the former set to cost Rs 75 per litre in the national capital with effect from 6:00 am on Wednesday.

Petrol, diesel prices hiked nationwide

The hike is all set to burn a bigger hole in commuters' pockets across the nation.

16 May 2018 12:23 PM

Inflation based on wholesale prices shot up to 3.18 per cent in April on increasing prices of petrol and diesel as well as fruits and vegetables.

WPI inflation rises to 3.18 pc in April on costlier fuel, fruits

The Wholesale Price Index (WPI) based inflation stood at 2.47 per cent in March and 3.85 per cent in April last year.

14 May 2018 12:43 PM

Andhra Pradesh Chief Minister N Chandrababu Naidu has asked Central government to cut excise duty on the fuels to ease the burden on people.

Chandrababu Naidu asks Centre to cut excise on petrol, diesel

Naidu said the Centre had between November 2014 and January 2016 hiked excise duty on petrol and diesel nine times.

11 May 2018 4:27 PM

IOC Chairman Sanjiv Singh Tuesday said the company has decided to "temporarily moderate" prices to avoid sharp spikes and panic among consumers.

IOC says oil PSUs froze fuel prices to avoid consumer pain

Oil Minister Dharmendra Pradhan said the government has nothing to do with fuel pricing.

08 May 2018 7:48 PM

Petrol price today hit Rs 74.40 a litre - the highest level under the BJP-led government, while diesel rates touched a record high of Rs 65.65.

Petrol price hit highest level under BJP govt, diesel at record peak

The hike, necessitated due to firming international oil prices.

22 Apr 2018 11:15 AM

Petrol was retailing at Rs 73.98 a litre in Delhi and Rs 81.83 a litre in Mumbai, according to Indian Oil website, while diesel was being sold at Rs 64.96 per litre in the national capital while it fetched 69.17 a litre in Mumbai. (Photo: File)

Govt asks oil retailers not to increase petrol, diesel prices: reports

Rising global crude prices have sent domestic petrol and diesel prices to multi-year highs.

11 Apr 2018 7:09 PM

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

Dharmendra Pradhan says govt keeping close eye on oil prices

He said there is no going back on free market pricing.

02 Apr 2018 4:24 PM

Congress protests against rise in LPG, petrol prices

Party blames AAP govt, Centre for steep rise.

05 Mar 2018 12:53 AM

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Dilip Cherian