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Petrol and diesel News

02 Dec 2022

India to continue buying oil from all countries including Russia: Official

India will continue to buy crude oil from anywhere in the world, including Russia. The price caps are part of the EU's plan to use its clout in insurance and shipping industries to crimp Moscow.

Windfall profit tax

02 Oct 2022

Govt cuts WINDFALL profit tax on domestic crude oil; scraps LEVY on jet fuel

Govt cuts windfall profit tax on domestic crude oil and diesel on Saturday. It also scrapes the levy on the export of jet fuel from Oct 2. India first imposed windfall profit taxes on July 1, 2022.

Excise duty on petrol

22 May 2022

Central Govt cuts excise duty on petrol by Rs 8 per litre, on diesel by Rs 6 per litre

After the long-standing demand, the central government has given great relief to the people. Center has reduced the excise duty on petrol and diesel. The Center has reduced tax by Rs 8 on petrol and Rs 6 on diesel. After this, petrol has become cheaper by Rs 9.50 and diesel by Rs 7.But after this cut, politics has started. The opposition has targeted the government.

Excise duty on petrol

22 May 2022

Namaste India: Government cuts excise duty on petrol, diesel

After the long-standing demand, the central government has given great relief to the people. Center has reduced the excise duty on petrol and diesel. The Center has reduced tax by Rs 8 on petrol and Rs 6 on diesel. After this, petrol has become cheaper by Rs 9.50 and diesel by Rs 7.

Govt on Petrol price cut

09 Nov 2017

Govt non-committal on cutting excise duty on petrol, diesel

After the cut, petrol price came down to Rs 68.38 per litre and diesel to Rs 56.89 in Delhi on October 4. Rates have since climbed to Rs 69.85 per litre for petrol and Rs 58.31 for diesel in the national capital.

15 Sep 2016

Petrol price hiked by 58 paise a litre; diesel gets cheaper by 31 paise/litre

Petrol will cost Rs 64.05 a litre as against Rs 63.47.

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