He also went on to say that states are the ultimate beneficiaries of tax collection on petrol and diesel.
04 Oct 2017 5:24 PM
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.
04 Oct 2017 1:52 AM
Cut in excise on diesel and petrol will cost government an additional burden of Rs 26,000 crore in a full year.
03 Oct 2017 7:48 PM
Petroleum Minister adds prices of refinery oil went up because US floods curtailed oil production by 13 per cent.
19 Sep 2017 10:47 AM
The reason isn’t far to seek. India’s tax component in a litre of fuel is one of the world’s highest.
15 Sep 2017 1:51 AM
Cites rise in global oil price as the prime reason behind rise in prices.
05 Sep 2017 2:34 AM
Indian Oil had said, three the OMCs will “establish an appropriate mechanism” to convey the prices to consumers every day.
14 Jun 2017 3:13 PM
Currently, fuel prices are revised on 1st and 16th of every month.
12 Jun 2017 2:11 AM
Public sector oil companies have decided to start daily revision of prices in the entire country with effect from 16th June, 2017.
09 Jun 2017 4:47 PM
The move may encourage private firms like Reliance Industries to aggressively expand their petrol pump network across the country.
09 Jun 2017 1:36 AM
Tony Seba is known for rightly saying solar power sector will see a boom when prices were really high.
25 May 2017 5:59 PM
The Central governments’s cut in the fuel prices has not helped Maharashtra citizens who are now facing the increased prices.
19 May 2017 2:50 AM
With new levy, total surcharge on petrol in Maharahstra has gone up to Rs 11, report says.
18 May 2017 12:38 PM
Petrol Dealers Association, however, clarifies there will be no change in diesel prices.
22 Apr 2017 6:05 PM
Nearly 20,000 outlets in different states would be shut for 24 hours on Sundays, starting May 14.
19 Apr 2017 2:48 PM
State refiners currently revise fuel prices every fortnight to reflect volatility in currency and global oil markets.
12 Apr 2017 3:48 PM
Move comes amid demands by petrol pump dealers for a hike in commission on fuel sale.
11 Apr 2017 11:18 AM
Under dynamic pricing model, OMCs will be able to reduce price risk arising out of fluctuations in crude.
08 Apr 2017 1:20 PM
The move will make oil marketing companies margins more predictable.
08 Apr 2017 2:09 AM
Presently, leading Oil Marketing Companies change prices of diesel and petrol every fortnight.
07 Apr 2017 12:57 PM