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Amid fuel price hikes, states urged to cut VAT
NEW DELHI: The increase in pump prices by around Rs 5 a litre is only a dent to under-recovery given that oil companies are still losing Rs 13 a litre on petrol and Rs 38 on diesel, without factoring in taxes, resulting in heightened pressure on the states to lower VAT, which is as high as 30% in some of the states.
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hindustantimes.com
Third hike for petrol, diesel in India amid Iran-US war: Check new rates
This is the third increase this month. Prices have risen by almost ₹5 per litre in just over a week. | India News
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thehindubusinessline.com
One more hike: Petrol prices by ₹0.87, diesel by ₹0.91 a litre
India relies on imports for nearly 85% of its crude oil requirements, making domestic fuel prices vulnerable to fluctuations in global markets
