diesel prices
Dharmendra Pradhan urges states to cut VAT on fuel by 5 per cent
He also went on to say that states are the ultimate beneficiaries of tax collection on petrol and diesel.
Excise duty on petrol, diesel cut by Rs 2 a litre
In all, duty on petrol was hiked by Rs 11.77 per litre and on diesel by Rs 13.47 a litre. Petrol prices were market linked in 2010 and diesel in 2014.
Petrol, diesel to go cheaper as excise duty cut by Rs 2 a litre
Cut in excise on diesel and petrol will cost government an additional burden of Rs 26,000 crore in a full year.
Petrol, diesel prices may come down by Diwali: Pradhan
Petroleum Minister adds prices of refinery oil went up because US floods curtailed oil production by 13 per cent.
Pay more for fuel as economy in a mess
The reason isn’t far to seek. India’s tax component in a litre of fuel is one of the world’s highest.
No cut in petrol price
Cites rise in global oil price as the prime reason behind rise in prices.
How to check daily change in petrol, diesel prices
Indian Oil had said, three the OMCs will “establish an appropriate mechanism” to convey the prices to consumers every day.
Fuel price to change daily from June 16
Currently, fuel prices are revised on 1st and 16th of every month.
OMCs to revise petrol,diesel prices daily from June 16
Public sector oil companies have decided to start daily revision of prices in the entire country with effect from 16th June, 2017.
From June 16, fuel prices to change daily
The move may encourage private firms like Reliance Industries to aggressively expand their petrol pump network across the country.