Tag: Diesel

Oil prices at 7-month low, but no change in petrol, diesel prices in India

NEW DELHI: International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost. International benchmark Brent crude fell below USD 90 per barrel last week […]

Petrol, diesel demand slumps 66%; ATF down 90% as coronavirus lockdown hurts business

NEW DELHI: Demand for petrol and diesel is down 66 per cent in April, while aviation turbine fuel (ATF) consumption has collapsed by 90 per cent as most airlines have stopped flying, industry officials said. India’s fuel consumption slumped as a nationwide coronavirus lockdown halted economic activity and travel, which eviscerated demand. In April 2019, […]

Five per cent VAT on liquor, petrol and diesel in Madhya Pradesh

BHOPAL :In view of extensive damage caused by heavy rains in Madhya Pradesh, the state government on Friday decided to impose five per cent VAT on liquor, petrol and diesel to generate additional revenue, said an official. The state suffered an estimated loss of Rs 12,000 crore due to excessive rains this monsoon, a senior […]

Petrol, diesel to be costlier; tax on super-rich, gold imports

NEW DELHI: Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles. Presenting […]

After Rajasthan, Andhra Pradesh announces Rs 2 cut in VAT on petrol & diesel

AMRAVATI: After poll-bound Rajasthan, the Andhra Pradesh government Monday announced a Rs 2 cut in VAT on petrol and diesel to check the mounting prices of these fuels. Chief Minister N Chandrababu Naidu announced the reduction in Value Added Tax in the state assembly. He said the state government was currently levying Rs 4 per […]

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