Petrol, diesel prices to rise after OPEC oil production cut
OPEC Plus – a grouping of 23 oil-rich countries -- is meeting in Vienna on Wednesday to discuss a major production cut for the first time since March 2020.
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Centre to bear burden of excise duty cut on petrol, diesel: Nirmala Sitharaman
Basic excise duty which is shared with states has not been touched, says FM.
Fuel tax cut necessary to restart consumption: CII President Sanjiv Bajaj
Bajaj calls for collaborative efforts of state and the central governments in cutting taxes.
Petrol in India costlier than Pakistan, China, US
Countries which have a lower per capita income like Kenya, Bangladesh, Nepal, Pakistan, and Venezuela have much lower prices of petrol.
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.
Petrol at ₹122 per litre. This city has the costliest fuel in India
Petrol and diesel rates were hiked by 80 paise on Tuesday.
Fresh hike in petrol, diesel prices: Check rates
This is the ninth hike in fuel prices in the past 10 days and it takes the total increase in rates so far to ₹6.40 per litre.
Petrol crosses ₹100 mark in Delhi, ₹115 in Mumbai
While petrol prices were hiked by 80 paise, diesel rates were raised by 70 paise.
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.
