Spiralling Prices Of Petrol And Diesel

The excise duty on petrol and diesel will be reduced by Rs 5 and Rs 10 respectively from today, the government has announced on the eve of Diwali, aiming to provide relief to people reeling under the impact of spiralling fuel prices.

According to official figures, the excise duty collection on the three essential commodities was Rs 12,35,870 crore in 2013-14. However by 2020-21 (till January 2021), these collections had gone up to Rs 24,23,020 crore, an increase of 96 per cent over the 2013-14 figures.

RJD leader Tejashwi Yadav on Monday drove a tractor to reach the Bihar assembly, in an expression of solidarity with those opposing the farm laws and protest against spiralling rise in prices of petrol, diesel and cooking gas.

Union Finance Minister Arun Jaitley today offered relief to the people from the skyrocketing oil prices by slashing oil duty by Rs. 1.50. The oil marketing companies will cut prices by another Rs 1 - a first since fuel prices were deregulated. The minister has appealed to the states to match the cut, so prices will come down by Rs 5. The Congress c...

Congress workers today held demonstrations in Punjab, Haryana and Chandigarh in protest against rising fuel prices as part of its 'Bharat bandh' call.

Finance Minister Arun Jaitley Wednesday remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices, which touched an all-time high, saying international oil prices are volatile and have not shown any linear movement.

Prime Minister Manmohan Singh said on Saturday that spiralling international oil prices have put a strain on the country's import bill and domestic prices need to be rationalised. State-owned oil companies haven't raised diesel, domestic LPG and kerosene prices for almost a year despite cost of raw material rising by a quarter. "We also need to rat...

The excise duty on petrol and diesel will be reduced by Rs 5 and Rs 10 respectively from today, the government has announced on the eve of Diwali, aiming to provide relief to people reeling under the impact of spiralling fuel prices.

According to official figures, the excise duty collection on the three essential commodities was Rs 12,35,870 crore in 2013-14. However by 2020-21 (till January 2021), these collections had gone up to Rs 24,23,020 crore, an increase of 96 per cent over the 2013-14 figures.

RJD leader Tejashwi Yadav on Monday drove a tractor to reach the Bihar assembly, in an expression of solidarity with those opposing the farm laws and protest against spiralling rise in prices of petrol, diesel and cooking gas.

Union Finance Minister Arun Jaitley today offered relief to the people from the skyrocketing oil prices by slashing oil duty by Rs. 1.50. The oil marketing companies will cut prices by another Rs 1 - a first since fuel prices were deregulated. The minister has appealed to the states to match the cut, so prices will come down by Rs 5. The Congress c...

Congress workers today held demonstrations in Punjab, Haryana and Chandigarh in protest against rising fuel prices as part of its 'Bharat bandh' call.

Finance Minister Arun Jaitley Wednesday remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices, which touched an all-time high, saying international oil prices are volatile and have not shown any linear movement.

Prime Minister Manmohan Singh said on Saturday that spiralling international oil prices have put a strain on the country's import bill and domestic prices need to be rationalised. State-owned oil companies haven't raised diesel, domestic LPG and kerosene prices for almost a year despite cost of raw material rising by a quarter. "We also need to rat...