New Delhi, June 1 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to keep interest rates on hold on June 5, as a sharp correction in Brent crude prices has eased concerns around inflation, a report said on Monday.The report from Emkay Global Financial Services noted that a significant improvement in India’s outlook for the external account over the past two weeks due to 22 per cent correction in Brent on hopes of a US‑Iran memorandum of understanding.”We expe…
Latest Diesel News & Updates
New Delhi, June 1 (IANS) Commercial LPG prices have been increased once again, adding to the cost burden faced by restaurants, hotels, caterers and small businesses across the country that rely heavily on cooking gas.According to the latest revision effective from Monday, the price of a 19-kg commercial LPG cylinder in Delhi has been raised by Rs 42, taking the retail selling price to Rs 3,113.50 per cylinder. In Kolkata, the increase is steeper at Rs 53.50, pushing the price to Rs 3,255.50.The …
New Delhi, May 31 (IANS) The Central government has revised export levies on petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning June 1.The duty has been set at Rs 1.5 per litre on petrol exports, Rs 13.5 per litre on diesel exports and Rs 9.5 per litre on ATF exports, as per an official notification. However, the Centre has left excise duty rates on petrol and diesel sold in the domestic market unchanged.According to the notification, the revised rates have been prescribe…
New Delhi, May 29 (IANS) Nissos Keros, a Marshall Islands‑flagged crude oil tanker carrying approximately 270,000 MT of crude oil cargo for India, safely crossed the Strait of Hormuz and is expected to arrive at Visakhapatnam on June 3, according to the official update issued on Friday. All oil refineries in the country are operating at high capacity with adequate crude inventories, while sufficient stocks of petrol and diesel are being maintained. Domestic LPG production from refineries has b…
New Delhi, May 29 (IANS) Among a slew of measures to improve energy security in the country and decarbonise the road and highways sector, India is likely to bring a mandate on blending isobutanol with diesel as early as this year, Roads Transport and Highways Secretary V. Umashankar said on Friday.In his remarks at the CII Multimodal Transportation and Logistics Summit here, Umashankar said: “Blending of diesel has been looked into with great seriousness. Bharat Petroleum is already undertaking …
Sangli, May 28 (IANS) In light of the prevailing economic hardships, senior leader of the Nationalist Congress Party (SP) and former State Finance Minister, Jayant Patil, on Thursday urged the Maharashtra government to prioritise public interest by immediately waiving the Value Added Tax (VAT) and surcharges on petrol and diesel. Patil made this demand through an official letter addressed to Chief Minister Devendra Fadnavis.Expressing deep concern over the situation, Patil stated that the contin…
New Delhi, May 26 (IANS) Rising prices of petrol, diesel, and CNG have triggered concern among commuters and transport workers in Delhi and neighbouring Ghaziabad, with many residents saying the increase is putting pressure on household budgets and affecting their livelihoods.In Delhi, several residents and daily commuters voiced frustration over the repeated hikes, saying the rising fuel costs are becoming difficult to manage.A taxi driver in the national capital said that frequent increases we…
New Delhi, May 25 (IANS) Congress President, Mallikarjun Kharge, has strongly criticised the recent rise in fuel prices across the country on Monday, calling it a “daily assault of FUEL LOOT” and accusing the NDA government at the Centre of burdening common citizens. His comments came after fuel prices were hiked again on Monday, the fourth time since May 15. Petrol has become costlier by Rs 2.61 per litre and diesel by Rs 2.71 per litre.In a post on X, Kharge wrote, “The Daily Assault of FU…
New Delhi, May 23 (IANS) The special additional excise duty (SAED) cut on petrol and diesel on March 27, 2026 resulted in approximately Rs 30,000 crore cost for the central exchequer in the current fiscal year, and the pass-through of higher crude was not made to the consumer; it was absorbed by the exchequer.Amid the Strait of Hormuz disruption, the SAED cut reduced petrol excise to three rupees a litre and took diesel excise to zero.The Congress argues that petrol cost roughly Rs 71 a litre in…
New Delhi, May 23 (IANS) There is no overall shortage of petrol and diesel in the country and outages reported at some retail outlets are “highly localised” and temporary, Indian Oil Corporation (IOC) said on Saturday.These small outages are caused by regional demand-supply mismatches and shifting sales patterns, the IOC said in a statement. The company is closely monitoring the situation and taking adequate measures to address these isolated situations and ensure uninterrupted fuel supplies to …