New Delhi, July 16 (IANS) The Centre has raised windfall taxes on exports of diesel and aviation turbine fuel (ATF) while lowering the levy on petrol exports, as surging global oil prices driven by the escalating US-Iran conflict boosted refining margins, with the revised rates taking effect from Thursday.According to a Finance Ministry notification, the export duty on diesel has been increased to Rs 15.5 per litre from Rs 8.5 per litre, while the levy on aviation turbine fuel has been raised to…
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Melbourne, July 9 (IANS) Prime Minister Narendra Modi on Thursday formally began his visit to Australia, with the two countries expected to unveil a series of major initiatives aimed at strengthening defence cooperation, maritime security, energy collaboration and critical technology partnerships, according to sources. From expanding defence ties to reinforcing energy security and cooperation in the Indo-Pacific, PM Modi’s visit is expected to yield several significant outcomes that will further…
New Delhi, July 5 (IANS) The Centre has withdrawn most provisions of the emergency natural gas supply regulation order introduced during the West Asia conflict, citing the resumption of liquefied natural gas (LNG) shipments through the Strait of Hormuz following a ceasefire and an improvement in the regional supply situation.In an official notification, the Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026, removing key operational provisions that had …
New Delhi, July 4 (IANS) Union Minister for Road Transport and Highways Nitin Gadkari has said that the government is working on introducing up to 15 per cent isobutanol blending in diesel, describing the biofuel as a potential alternative to conventional diesel that could help reduce India’s dependence on crude oil imports.Speaking during the launch of India’s first flex-fuel passenger vehicle by Maruti Suzuki India Limited on the occasion of World Environment Day on June 4, in the presence of …
New Delhi, July 1 (IANS) The government has revised the windfall tax on exports of petroleum products, raising the levy on petrol while reducing the duty on diesel and aviation turbine fuel (ATF), with the changes taking effect from Wednesday.According to a Finance Ministry notification, the revised rates — which came into effect from July 1 — increase the Special Additional Excise Duty (SAED) on petrol exports to Rs 4 per litre from Rs 1.5 per litre earlier.At the same time, the export duty o…
New Delhi, June 12 (IANS) India has imposed restrictions on the sale of motor spirit (petrol) and high-speed diesel (HSD) at retail fuel outlets, limiting bulk purchases and directing institutional and commercial users to source fuel through their dedicated consumer or captive pumps, according to an official government notification.The directive, aimed at curbing diversion of subsidised or retail-priced fuel, will remain in force for an initial period of up to 90 days unless withdrawn or modifie…
Jaipur, June 10 (IANS) Chief Secretary V. Srinivas on Wednesday directed that maximum utilisation of products manufactured at the HPCL Rajasthan Refinery be ensured within the state to strengthen Rajasthan’s industrial ecosystem and generate new opportunities for investment, employment and revenue growth.He informed that diesel production at the refinery is set to commence this month, marking a significant milestone in the state’s flagship energy project.Diesel and LPG will be the first products…
Bhubaneswar, June 8 (IANS) The Biju Janata Dal (BJD) on Monday strongly criticised the BJP-led (Odisha) “double-engine” government over the rising prices of petrol, diesel, LPG and other essential commodities, alleging that the continued increase in fuel prices is placing a severe burden on common people despite a decline in global crude oil prices. Addressing a press conference at Shankha Bhawan in Bhubaneswar, Biju Mahila Janata Dal President Snehangini Chhuria stated that the prices of pe…
New Delhi, June 8 (IANS) State-owned oil marketing firm Bharat Petroleum Corporation Limited (BPCL) on Monday said it continues to maintain uninterrupted supplies of petrol, diesel, CNG and LPG across Delhi through its extensive supply chain and retail network amid steady growth in fuel demand across the national capital.The company said fuel availability across its retail outlets in Delhi remains stable, supported by regular stock replenishment and logistics operations, ensuring adequate suppli…
New Delhi, June 7 (IANS) As domestic LPG prices were increased by Rs 29 per 14.2-kg cylinder on Sunday, Union Ministers and NDA leaders attributed the hike to global energy disruptions and rising international fuel costs.Union Minister Gajendra Singh Shekhawat said the increase was part of a broader global trend. “Due to global challenges, such a crisis has emerged. If we look across the world, prices of petroleum products have increased from 30 per cent to 130 per cent, and LPG and CNG prices h…