Press Trust of India | Monday February 1, 2016
Petrol price was on Monday slashed by 4 paise per litre and diesel rate was lowered by 3 paise per litre as the government raised excise duty on the fuels to deny consumers full benefit of falling international oil prices.
Press Trust of India | Tuesday January 19, 2016
Petrol price in Delhi was on Tuesday hiked by 96 paise per litre and diesel by 53 paise per litre after the state government raised value-added tax (VAT) on the two fuels.
Press Trust of India | Friday January 15, 2016
Petrol price was on Friday cut by 32 paise per litre and diesel rate lowered by 85 paise per litre even as the government hiked excise duty on both the fuels for the second time this month to raise an additional Rs 3,700 crore in its bid to achieve the targeted fiscal deficit.
India News | Press Trust of India | Wednesday December 16, 2015
The government today increased excise duty on petrol by Rs 0.30 per litre and by Rs 1.17 a litre on diesel to make use of slump in oil prices to garner an additional Rs 2,500 crore.
Press Trust of India | Tuesday November 10, 2015
With excise duty being hiked five times in a year, taxes and duties now exceeded the actual cost of production of petrol.
Press Trust of India | Thursday October 15, 2015
Petrol prices were last revised on September 1, when it was cut by Rs 2 per litre.
Press Trust of India | Wednesday July 15, 2015
The decrease in diesel prices would also be less in Delhi due to a hike in Value Added Tax (VAT) by Arvind Kejriwal-led Aam Aadmi Party government.
Monday May 18, 2015
Petrol price was hiked by Rs 3.13 per litre and diesel by Rs 2.71 per litre - the second straight steep increase in rates this month.
Friday May 15, 2015
Petrol price was on Friday hiked by Rs 3.13 per litre and diesel by Rs 2.71 per litre - the second straight steep increase in rates this month.
Friday May 15, 2015
Oil companies review global crude prices every fortnight and revise fuel prices accordingly.
Thursday April 30, 2015
State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.
India News | Press Trust of India | Saturday February 28, 2015
Congress,today, reacted sharply to the hike in petrol and diesel prices saying that government has added insult to injury to the common man by the steep post-Budget increase.
Saturday February 28, 2015
Petrol and diesel prices were hiked for the second time in February. Saturday's hike, coinciding with the Union Budget, was a hefty Rs 3.18 per litre for petrol and Rs 3.09 per litre for diesel (inclusive of taxes in Delhi).
Press Trust of India | Wednesday February 25, 2015
Aviation turbine fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy, Oil Minister Dharmendra Pradhan said on Wednesday.
Friday January 2, 2015
The government raised excise duty on petrol and diesel by Rs 2 per litre each but retail pump rates will not be increased.
Thursday January 1, 2015
The third excise duty hike since November will help raise additional Rs 6,000 crore during remaining three months of the current fiscal as the government took advantage of a slump in global oil prices to five-year low to shore up revenue without stoking inflation.
Thursday November 13, 2014
Earlier, the government has raised excise duty by Rs 1.50 a litre each for the two fuels.
Heena Gambhir | Tuesday October 21, 2014
Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the best time to make the most of this opportunity.
Monday October 20, 2014
The Modi government on Saturday de-controlled diesel prices and also announced a hike in domestic gas prices. State-run refiners such as Indian Oil Corp, HPCL and BPCL as well as upstream companies such as ONGC, Oil India and GAIL jumped between 4-9 per cent on the announcements. HPCL hit its 52-week high, but Reliance Industries traded lower today...
South | Press Trust of India | Sunday August 31, 2014
Expressing concern over the latest hike in the price of diesel, Tamil Nadu chief minister J Jayalalithaa today demanded its rollback and urged Prime Minister Narendra Modi to change the existing price fixing formula for petroleum products.
Tuesday August 19, 2014
With global crude prices falling sharply, Indian consumers could soon get respite from monthly diesel price hikes.
Tuesday August 19, 2014
That would mean diesel prices charged by retailers could be market-priced by September, the investment bank added.
Heena Gambhir | Monday August 18, 2014
According to a senior official in the department, the urea price hike may be a creeping hike just like diesel, to eventually reduce the subsidy burden.
Thursday July 31, 2014
The last revision in fuel prices were undertaken on June 30 when petrol prices were hiked by Rs 1.69 per litre and diesel by 50 paise per litre, effective from midnight.
Wednesday July 2, 2014
Diesel prices are likely to be completely deregulated over the next 12 months as monthly increases in the price bridge the gap between cost and retail price, rating agency Moody's said on Wednesday.
India News | Indo-Asian News Service | Tuesday July 1, 2014
After the hike in petrol and diesel rates, the price of non-subsidised cooking gas (LPG) was on Tuesday raised by Rs.16.50 per cylinder in the wake of international crude oil prices surging due to the ongoing Iraq crisis.
South | Press Trust of India | Tuesday July 1, 2014
Tamil Nadu Chief Minister J Jayalalithaa on Monday opposed the latest revision in fuel prices, saying it has come as a 'disappointment' to people who voted for BJP expecting a change from the 'wrong' economic policies of the previous Congress-led UPA.
Monday June 30, 2014
Oil marketing companies have hiked petrol prices by Rs 1.69/litre and diesel by Rs 0.50/litre, effective from 1st July.
Wednesday June 25, 2014
Oil minister Dharmendra Pradhan is likely to attend a cabinet meeting on Wednesday, amid speculation that the government India could raise gas prices from July 1. Mr Pradhan is not a member of the cabinet committee, but can attend the meeting as a special invitee.
Tuesday June 24, 2014
For diesel, the subsidy estimated is Rs 35,736 crore but this will come down if the monthly increases continue as planned, sources said.