Diesel Price Hike

Amid growing economic challenges, Pakistan on Friday announced another hike in the prices of petrol and high-speed diesel.

In a warning to Indian carmakers, Union Transport Minister Nitin Gadkari today said that the government will have no option but to increase tax on diesel vehicles and make their sales "difficult" if manufacturers do not limit their production.

The Punjab government increased the Value-Added Tax (VAT) on fuel by 10% on Sunday, leading to an increase in the price of petrol and diesel in the state by 92 paise per litre and 88 paise per litre, respectively.

Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running.

Cash-strapped Pakistan announced a 35 rupees increase in the prices of petrol and diesel, days after its currency depreciated to its lowest against the US dollar in the interbank and open market.

The Congress on Sunday demanded immediate relief for middle and lower-income group families by reducing petrol and diesel by at least Rs 15 per litre and cooking gas prices by at least Rs 150 per cylinder.

The Meghalaya government hiked the prices of petrol and diesel, state taxation minister James PK Sangma said.

Petrol prices were increased 78 times, while diesel rates were increased 76 times in Delhi during the financial year 2021-2022, the government told the Parliament today.

Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) on Sunday reduced the diesel and petrol retail prices, the first decrease after five hikes since February.

India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline (petrol) exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said.

Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.

Argentine truck unions extended a widespread protest over fuel price hikes and diesel shortages on Friday

Petrol, Diesel Prices Today: Fuel rates remained unchanged today on June 7, 2022 for the 17th day across the four metros

RBI is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said

Former Pakistan Prime Minister Imran Khan yet again slammed the Shehbaz Sharif government after the federal government hiked the petrol and diesel prices by PKR 30 per litre.

Amid growing economic challenges, Pakistan on Friday announced another hike in the prices of petrol and high-speed diesel.

In a warning to Indian carmakers, Union Transport Minister Nitin Gadkari today said that the government will have no option but to increase tax on diesel vehicles and make their sales "difficult" if manufacturers do not limit their production.

The Punjab government increased the Value-Added Tax (VAT) on fuel by 10% on Sunday, leading to an increase in the price of petrol and diesel in the state by 92 paise per litre and 88 paise per litre, respectively.

Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running.

Cash-strapped Pakistan announced a 35 rupees increase in the prices of petrol and diesel, days after its currency depreciated to its lowest against the US dollar in the interbank and open market.

The Congress on Sunday demanded immediate relief for middle and lower-income group families by reducing petrol and diesel by at least Rs 15 per litre and cooking gas prices by at least Rs 150 per cylinder.

The Meghalaya government hiked the prices of petrol and diesel, state taxation minister James PK Sangma said.

Petrol prices were increased 78 times, while diesel rates were increased 76 times in Delhi during the financial year 2021-2022, the government told the Parliament today.

Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) on Sunday reduced the diesel and petrol retail prices, the first decrease after five hikes since February.

India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline (petrol) exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said.

Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.

Argentine truck unions extended a widespread protest over fuel price hikes and diesel shortages on Friday

Petrol, Diesel Prices Today: Fuel rates remained unchanged today on June 7, 2022 for the 17th day across the four metros

RBI is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said

Former Pakistan Prime Minister Imran Khan yet again slammed the Shehbaz Sharif government after the federal government hiked the petrol and diesel prices by PKR 30 per litre.