Diesel
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Much before talk of diesel car ban, sales down to 17.6% of total volume
The government has suggested a ban on diesel-powered cars by 2027 in cities with a population of over a million people. "The impact on the diesel vehicle industry will be from now, and not from 2027," Shashank Srivastava, Senior Executive Officer (Marketing & Sales), Maruti Suzuki India Ltd, told IANS.
Government cuts windfall tax on domestically produced crude oil, jet fuel
Windfall tax on export of diesel and jet fuel has also been reduced, the order, dated January 16, said. The tax on export of diesel has been brought down to Rs 5 per litre, from Rs 6.5 per litre, while on jet fuel, it has been brought down to Rs 3.5 a litre from Rs 4.5 a litre. The new price regime has come into effect from Tuesday.
BS-3 petrol, BS-4 diesel vehicles to run in Delhi from today as curbs end
No, further order has been issued about continuation of the curbs. Amid spike in air pollution, the Transport Department of Delhi Government had banned these vehicles till Sunday (November 13).
Petrol, Diesel prices to be cheaper from today
On Monday, the cost of petrol in the national capital was Rs 96.72, Rs 106.03 in Kolkata, Rs 106.31 in Mumbai and Rs 102.63 in Chennai. The drop in prices was expected as international crude oil prices dropped and have remained stable for some time. The crude oil price has remained below 95 dollars per barrel for some time now.
Excise duties on petrol, diesel zoomed up despite crude staying below $80
The government's revenue generation through levy of excise duty saw a growth of 126 per cent between 2014-15 and 2021-22. The income growth was 186 per cent during the same period. According to official data provided by the Petroleum Ministry's Petroleum Planning and Analysis Cell (PPAC), excise duty on petrol was Rs 9.48 per litre and on diesel it was Rs 3.56 per litre in 2014-15 when the NDA government had come to power.
Petrol pump dealers across 24 states to go for 'No Purchase' on Tuesday
Around 70,000 outlets across 24 states will not buy fuel from oil marketing companies. "Dealers across 24 states will join 'No Purchase Petrol and Diesel' campaign tomorrow to highlight the financial distress of the petrol pump owners across the country," Delhi Petrol Dealers Association President Anurag Narayan.
Excise duty cut on petrol, diesel; subsidy announced for Ujjwala gas beneficiaries
"Today, the world is passing through difficult times. Even as the world is recovering from Covid-19 pandemic, the Ukraine conflict has brought in supply chain problems and shortages of various goods. This is resulting in inflation & economic distress in a lot of countries," she said in a series of tweets. The duty cut will have revenue implication of around Rs 1 lakh crore per year for the government.
Pakistan braces for worst diesel shortage next month
The prime minister was also informed that there would be no protests if the oil prices were increased. However, protests would start if diesel was not available in the market due to poor financial health of the oil industry on account of rising price differential claims. The interesting thing was that there was no approval from the government to clear the price differential claims of the oil industry.
Diesel set to rise above Rs 200/litre for the first time in Pak
In the second fortnight of current month starting April 16, the newly formed Pakistan government would be required to either jack up the price of diesel by Rs 60.54 per litre or enhance subsidy to maintain the existing price, officials said. If the leadership chooses to increase the price, the per-litre diesel cost will jump to Rs 204.69.
Soaring food, fuel prices tipping countries like Sri Lanka, Pakistan over the edge
"It is extremely worrisome," said Rabah Arezki, a senior fellow at Harvard's Kennedy School of Government and former chief economist at the African Development Bank, CN reported. Unrest in Sri Lanka, Pakistan, and Peru over the past week highlights the risks. In Sri Lanka, protests have erupted over shortages of gas and other basic goods, the report said.
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