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NEW DELHI: Prime Minister Narendra Modi on Sunday cautioned that a petrol and diesel crisis was developing worldwide as ongoing conflicts continued to affect key energy regions.Speaking during the 132nd episode of Mann Ki Baat, he said, “This month of March has been extremely eventful on a global level. We all remember that, in the…
Petrol prices today: Petrol prices in New Delhi on Saturday remained unchanged at Rs 94.77 per litre, while diesel is steady at Rs 87.67 per litre. Similarly, Mumbai sees petrol at Rs 103.54 per litre and diesel at Rs 90.03, with no change from yesterday. Kolkata reported a slight fall in petrol prices to Rs…
NEW DELHI: The Centre stepped in to shield consumers and oil companies from the impact of high crude prices — which have surged 62% this month over Feb for Indian refiners — and slashed excise duty, a move that will leave a Rs 1.3 lakh crore hole for the exchequer.With fuel retailers, including IndianOil, Hindustan…
NEW DELHI: The government has imposed export duties on diesel and turbine fuel, a move aimed at improving availability of these products in the domestic market, according to the CBIC chairman’s statement on Friday.The decision is also expected to strengthen the country’s energy security by ensuring adequate supplies amid evolving global conditions.Revenue collections from the…
Despite the sharp rise in global oil prices, retail fuel rates have remained unchanged. (AI image) Petrol and diesel prices have been in focus since the start of the US-Iran war which has led to a huge rise in global crude oil prices. Several neighbouring countries have either raised petrol prices or rationed its use….
As the Middle East conflict continues to disrupt global oil supplies, the Centre has stepped in to ensure better fuel availability for citizens. In a bid to cushion local consumers from the ripples, the government has imposed fresh duties on fuel exports while easing the domestic excise duties. Finance minister Nirmala Sitharaman announced that export…
NEW DELHI: Union petroleum and natural gas minister Hardeep Singh Puri on Friday said the government chose to cut excise duties on petrol and diesel to shield consumers from surging global energy prices amid the ongoing US-Israel-Iran war and disruptions in the Strait of Hormuz. He said the move, reducing petrol duty to Rs 3…
Government has revised its fuel duty structure, lowering the special additional excise duty on petrol to Rs 3 per litre while removing it entirely on diesel. The decision comes against the backdrop of ongoing disruptions in global oil supply chains due to the conflict in the Middle East, where Iran continues to tighten control over…
Private fuel retailer Nayara Energy on Thursday raised petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, in line with a surge in global oil prices due to the war in West Asia.Nayara, majority-owned by Russia’s Rosneft, operates nearly 7,000 of the more than 1 lakh filling stations, mainly on…
NEW DELHI: India’s largest private fuel retailer Nayara Energy on Thursday raised its prices by Rs 5 per litre and diesel by Rs 3 a litre amid the ongoing Middle East crisis. Nayara Energy, which operates 6,967 of India’s 102,075 petrol pumps, has decided to pass on part of the increase in input costs to…
