Oil firms should cut petrol, diesel prices if crude rates come down, says Union minister

Hardeep Singh Puri said that oil companies acted responsibly by not burdening consumers with a rise in global energy prices in aftermath of the war in Ukraine.

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· Jan 23, 2023 · 10:50 am

Centre reduces windfall tax on domestic crude oil, aviation fuel

The changes will help state-run Oil and Natural Gas Corporation and Vedanta Limited as well as top fuel exporter Reliance Industries.

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· Dec 16, 2022 · 11:40 am

Gujarat reduces 10% VAT on CNG and PNG, to give two cylinders free to Ujjwala beneficiaries

The decision, which will cost the state exchequer Rs 1,650 crore, came at a time when the Gujarat Assembly polls are just a few weeks away.

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· Oct 17, 2022 · 10:51 pm

Prices of CNG and piped cooking gas up by Rs 3 in Delhi, adjoining areas

Last week, the government had increased prices of natural gas by 40%.

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· Oct 08, 2022 · 11:59 am

Commercial LPG prices reduced by Rs 25.50 per cylinder

This was the sixth time that the prices of commercial LPG cylinders were cut amid lowering global energy prices.

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· Oct 01, 2022 · 05:04 pm

Russia will stop energy supplies if offered unfair prices, says Moscow’s envoy in India

Earlier this week, a European Commission leader had spoken to Commerce Minister Piyush Goyal on the proposal of imposing a price cap on fuel from Russia.

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· Sep 24, 2022 · 08:12 am

Commercial LPG price reduced by Rs 91.50

The price of a 19-kilograms commercial LPG cylinder in Delhi has now come down to Rs 1,885 from Rs 1,976.

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· Sep 01, 2022 · 12:20 pm

Every country wants best deal possible, says S Jaishankar on India buying oil from Russia

Russia is currently the second biggest supplier of crude oil to India after Iraq.

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· Aug 17, 2022 · 01:53 pm

Petrol prices hiked 78 times, diesel on 76 occasions in 2021-’22, Centre tells Parliament

The petrol cost in Delhi has increased by 6.8%, while the price of diesel has risen by 10.8% between April and July this year, the government said.

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· Jul 25, 2022 · 04:53 pm

India cuts windfall tax on diesel, crude oil and jet fuel shipments

The Centre also exempted an additional excise duty levied on fuel exports of units located in the special economic zones.

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· Jul 20, 2022 · 03:48 pm

Maharashtra to cut VAT on petrol by Rs 5 and on diesel by Rs 3 per litre

Chief Minister Eknath Shinde said that the reduction in value added tax will cost the state exchequer Rs 6,000 crore.

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· Jul 14, 2022 · 04:09 pm

India to impose tax on export of petrol and diesel

The government said the move will not impact the prices of diesel and petrol in domestic markets.

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· Jul 01, 2022 · 05:50 pm