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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
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theprint.in
Petrol, diesel prices hiked by up to 91 paise; rates jump nearly Rs 5/litre in less than 10 days
New Delhi, May 23 (PTI) Petrol and diesel prices were raised by 87-91 paise per litre on Saturday, taking the cumulative increase in retail fuel rates to nearly Rs 5 a litre in…
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timesofindia.indiatimes.com
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…
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Fuel prices up 3rd time in 10 days, PSUs losing Rs 13/litre on petrol, Rs 38 on diesel
NEW DELHI: Public sector oil companies increased petrol and diesel prices by nearly 90 paise per litre on Saturday, the third hike since May 15, as they sought to partly offset…
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economictimes.indiatimes.com
Strike three: Fuel prices hiked by 90 paise as oil remains on the boil
State-run oil companies have increased petrol and diesel prices by approximately 90 paise per litre, with CNG also seeing a ₹1 per kg hike. This follows a cumulative rise of…
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‘Hike cycle is unlikely to end soon’: Experts as petrol, diesel prices increased for third time in 10 days
Despite three revisions, oil marketing companies are estimated to still be losing ₹8–10 per litre on petrol and diesel. | India News
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States hold fuel VAT rates, see up to 58% rise in sales tax revenue
States experience up to 58% sales tax revenue growth from fuel VAT, despite central excise duty cuts on petrol and diesel.
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Petrol, diesel prices raised by Rs 2.61-2.71; hikes top Rs 7.5/litre within two weeks
New Delhi, May 25 (PTI) Petrol and diesel prices were raised by Rs 2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks, as state-owned firms…
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Fuel Price Hike: Petrol, diesel prices raised again by Rs 2.50
State-run oil marketing companies on Monday raised the retail price of diesel by around Rs 2.71 per litre and petrol by about Rs 2.61 per litre, making it the fourth hike in the…
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e.vnexpress.net
Indian retailers raise fuel prices a fourth time to rein in losses - VnExpress International
India's state-owned fuel retailers increased diesel prices by 2.71 rupees (US$0.0283) per liter and petrol by 2.61 rupees, dealers said on Monday, the fourth hike in May to…
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Petrol, diesel prices hiked for 4th time in 2 weeks. This won’t be the last
Govt has attributed hikes to mounting losses suffered by public sector OMCs, which are collectively losing around Rs 750 cr a day. Oppn accuses Modi of waiting till after polls to…
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Oil companies' losses down to Rs 600 cr per day following fuel price hikes
New Delhi, May 25 (PTI) The four rounds of petrol and diesel price hike, totalling about Rs 7.5 per litre, have trimmed the losses state-owned oil firms were incurring from…
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Fuel price hikes renew focus on high state taxes on petrol and diesel
Rising petrol and diesel prices have renewed calls for states to cut fuel taxes as consumers face higher transport and inflation costs across India.
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OMCs hike fuel prices, this time by ₹2.7 a litre
State-run oil marketing companies have increased petrol and diesel prices by about ₹2.7 per litre, marking the fourth hike in 11 days and pushing the total rise to around ₹7.5–8…
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Petrol crosses ₹100 in Delhi after fourth fuel price hike in two weeks
Petrol and diesel have become costlier by ₹7.35 and ₹7.53 per litre, respectively, since May 15. | India News