Tuesday, August 9, 2022
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diesel prices

OMCs may post Rs 10,700-cr loss in Q1 due to holding petrol, diesel prices: Report

OMCs IOC, HPCL and BPCL may post a combined loss of Rs 10,700 crore in Q1 of FY2022-23 on selling petrol and diesel at rates below cost, says a new report

Excise duty cut on petrol, diesel to put pressure on fiscal deficit: Experts

The Centre's decision to cut excise duty on petrol and diesel will put pressure on the fiscal deficit which has been estimated at 6.4 percent of the GDP

Modi govt moves to tame inflation, Opp; big cuts on diesel, petrol prices

Buckling under pressure to check petrol prices and that of diesel, the government cut excise duty on petrol and diesel, thereby bringing down the prices

Jet fuel prices increased by 0.2 percent, rates touch record high

Synopsis: Jet fuel prices were raised by a marginal 0.2 percent on Saturday, marking the eighth increase this year. A surge in global crude oil prices has driven ATF prices to a record high this year, putting substantial financial strain on the aviation sector

Hikes in petrol, diesel prices expected to resume next week

Synopsis: Hikes in prices of petrol and diesel prices in India is likely to resume next week as state elections draw to a close. The prices of petrol and diesel had remained unchanged for a record 118 days in a row as state elections were slated to take place in Uttar Pradesh, Punjab and three other states

Govt to lose Rs 92,000 cr if it cuts excise duty on petrol, diesel to pre-pandemic level: ICRA

Synopsis: If the government reduces excise duty on petrol and diesel to pre-pandemic rates (March 2020) in view of the record high prevailing crude oil prices, it would entail a total revenue loss to the centre of Rs 92,000 crore next financial year (2022-23), rating agency ICRA has said

ATF prices surge to highest-ever in history as fuel retailers announce 5.2% hike

Synopsis: Aviation Turbine Fuel (ATF) prices have surged to record highs on Wednesday after oil marketing companies (OMCs) increased rates by 5.2 percent in line with the flare in global crude oil prices

Govt’s tax mop-up from petrol, diesel rose by whopping 88% in a single year

The government’s tax mop-up from petrol and diesel rose by 88 percent in FY21 year-on-year as it raked up Rs 3,34,894 crore as opposed to Rs 1,78,311 crore in FY20

Puri calls up UAE, conveys need to bring ‘predictability, realism’ in crude oil market

Hardeep Singh Puri called up his counterpart in UAE, Sultan Ahmed Al Jaber, to convey a need to bring “calm, predictability and realism” in the crude oil market

After 3-day hiatus, petrol, diesel prices rise again. Here are the new rates

After a three-day hiatus, petrol and diesel prices in the country again scaled unprecedented heights on Saturday as retail prices rose by 24 paise for petrol and 15 paise for diesel

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