States should cut VAT on petrol, diesel: PM Modi
States like Maharashtra, West Bengal, Telangana, Andhra Pradesh, Tamil Nadu, Kerala, and Jharkhand didn't reduce VAT on petrol and diesel in November last year.
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Brent crude nears $140 as US weighs ban on oil imports from Russia
State-run oil marketing companies in India have yet to hike retail prices of petrol and diesel.
42% Indians can't afford petrol, diesel price hike; 24% on edge of economic precipice
The petrol and diesel prices have not been revised since the central government reduced the excise duty on the two fuels in November 2021.
Russia-Ukraine tensions to shatter India's crude economics
Reliance Industries (RIL), Indian Oil Corporation, Hindustan Petroleum Corp and Bharat Petroleum Corp will have to cough up more to buy the expensive crude.
Budget 2022: Unblended petrol, diesel to cost ₹2 more from October 1
The present percentage of blending of bio-diesel in diesel was less than 0.1% and that of average ethanol blending percentage in petrol was 8% as of July 26.
Budget 2022: Fuel subsidy withdrawal crashes bill
Petrol, diesel prices have been passed on to consumers and not subsidised, raising fuel prices to all-time high in many parts of the country.
Behind the rise & fall in vegetable prices
Rising vegetable prices have hit household budgets hard. Centre's panicky excise cut following a drubbing in state by-polls has brought some relief, but for how long?
Day after by-poll debacle, Centre slashes petrol, diesel excise
According to the ministry, given the economic revival being witnessed across various sectors, a reduction in fuel prices will provide an additional fillip.
Relook at oil taxation possible: Sitharaman
Oil prices a major concern, relook at taxation possible, says finance minister.
Covid-19 disruptions may push up retail inflation
Amid state-wide lockdowns imposed to tackle the surge in Coronavirus cases, and supply-chain disruptions, concerns of rising inflation remain.
