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Karnataka govt increases petrol, diesel tax rates

Despite the revision, the retail price of petrol and diesel in Karnataka are lower compared to neighbouring states, considering the base price of the fuels as on January 1, 2019, it claimed.

Oil firms stocks suffer after Centre's excise cut, tank up to 12 per cent

The move to ask state-owned oil firms, who were given pricing freedom, to absorb Re 1 per litre was seen as a return of government control over pricing, leading to stocks of IOC, BPCL and HPCL tanking.

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Fuel price today: Petrol costs Rs 84/litre in Delhi, Rs 91.34/litre in Mumbai

Petrol prices today: In Kolkata, petrol is being sold at Rs 85.80 per litre and diesel at Rs 77.30 per litre. In Chennai, petrol and diesel rates increased to Rs 79.79 per litre and Rs 87.33 per litre respectively.

Petrol Prices cross Rs 90 per litre in 10 districts: Rural areas face the heat, farmers, transporters cut down expenses

Vishnu Dhone, a driver from Dahegon in Jintur teshil in Parbhani, said his profit margin from running a private transport vehicle has dipped over the past few months.

Ramdas Athawale apologises for 'I am a minister' remark on rising fuel prices

Ramdas Athawale, whose Republican Party happens to be a BJP ally, assured that the BJP led central government is formulating ways to bring down the fuel prices. However, he also underlined that the prices for fuel can be reduced if the respective state governments cut their taxes.

Petrol price touches Rs 80.50/litre in Delhi, Rs 87.89/litre in Mumbai

The surge in rates has renewed calls for a cut in excise duty but Finance Minister Arun Jaitley has remained non-committal, saying international oil prices are volatile and have not shown any linear movement.

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Mumbai: Transporters rue huge losses as petrol price jumps to Rs 86.24, diesel Rs 75.54 a litre

Since August 16, while petrol prices have risen by over Rs 2 per litre, diesel prices have increased by Rs 2.42 per litre. Both tourist cab and truck associations have protested in the past complaining they are facing losses due to fuel price hike.

Rupee falls to all-time low against US dollar, fuel prices hit new high

The rupee, which lost 10 paise against the US dollar in late afternoon trade on Monday, ended at a new record low of 71.10.

States will get to levy additional taxes on top of 28% GST on petrol, diesel: Sushil Modi

Modi said petrol, diesel would not be included in the GST in the coming few months and focus would now be on new return filing system.

Excise duty on petrol, diesel: Finance Ministry not in favour of cut, wants states to slash VAT

The government is hopeful that geopolitical tension would ease and US shale oil would help in moderation of oil prices.

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