Bengaluru, March 27 (IANS) Karnataka Chief Minister Siddaramaiah, Deputy Chief Minister D.K. Shivakumar, and AICC General Secretary Randeep Singh Surjewala on Friday launched a sharp attack on the Union government, alleging large-scale “loot” through taxation on petrol and diesel over the past 11 years.Addressing a joint press conference at the KPCC office in Bengaluru, Randeep Singh Surjewala charged that the Centre had collected Rs 43 lakh crore from taxes on petrol and diesel since 2014, …
Latest fuel prices News & Updates
New Delhi, March 27 (IANS) Union Finance Minister Nirmala Sitharaman on Friday said the Centre’s decision to slash excise duty by Rs 10 on petrol and diesel was aimed at protecting citizens from the impact of rising global crude oil prices, asserting that the government has chosen to absorb the burden rather than pass it on to consumers.Addressing the media, Sitharaman said the move reflects Prime Minister Narendra Modi’s clear policy approach of ensuring price stability and adequate fuel su…
Mumbai, March 27 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Friday hailed the Centre’s move to reduce excise duty on petrol and diesel, asserting that it will insulate Indian consumers from the fallout of the ongoing Middle East conflict. The Chief Minister termed the government’s action a vital protective measure against global energy volatility. The Centre has slashed excise duty by Rs 10 per litre on both petrol and diesel with immediate effect.Speaking to reporters, the Chief…
New Delhi, March 25 (IANS) The Congress on Wednesday launched a sharp attack on the Centre over rising fuel prices, LPG shortages, and Prime Minister Narendra Modi’s absence from key discussions, accusing the central government of ignoring pressing public concerns.Congress leader Pawan Khera said that ensuring easy access to LPG cylinders and curbing black marketing should be among the government’s top priorities.He stated that people in several parts of the country are being forced to stand…
New Delhi, March 25 (IANS) Experts have warned that Pakistan’s economy remains highly vulnerable to global shocks due to its heavy reliance on imported fuel, weak external finances, and limited fiscal space, cautioning that the situation could worsen without urgent structural reforms.However, they said that the government’s decision to sharply raise the petroleum levy on high-octane fuel is being seen as a move with some fiscal logic, as it targets a product largely used by luxury and high-p…
Washington, March 22 (IANS) US Transportation Secretary Sean Duffy has warned that the ongoing conflict with Iran is pushing up fuel and travel costs, saying it is the rising cost burden that is now affecting American consumers even as supply chains remain stable.In an interview on ABC News’ This Week with George Stephanopoulos, Duffy said airlines are not facing supply shortages but are under pressure from higher fuel prices. “It is the cost, right?” he said.The warning comes as fuel pric…
Chennai, March 22 (IANS) BJP spokesperson C. R. Kesavan on Sunday reacted strongly to Leader of Opposition (LoP) in the Lok Sabha Rahul Gandhi’s remark that the Prime Minister Narendra Modi-led government “has neither direction nor strategy”.Gandhi, in a post on X on Saturday, alleged that the fuel prices and prices of everyday items, including production and transport, will increase as a result of the ongoing West Asia conflict. In addition to this, he said that MSMEs and the stock market will …
Thiruvananthapuram, March 21 (IANS) Kerala Chief Minister Pinarayi Vijayan on Saturday launched a sharp attack on successive central governments led by the Congress and the BJP, holding their policy decisions responsible for the country’s worsening energy crisis. In a strongly worded statement, Vijayan alleged that policies shaped under American influence over the years have undermined India’s long-term energy security.He said the ongoing conflict in West Asia has only aggravated the situati…
Seoul, March 13 (IANS) South Korea’s Industry Minister Kim Jung-kwan said Friday the government’s fuel price cap system is already showing signs of stabilising prices less than a day after taking effect. Kim held a meeting with officials from South Korean oil refineries, gas stations and the Korea National Oil Corporation to review the domestic energy markets on the first day of the fuel price cap system’s implementation, Yonhap News Agency reported. The temporary cap system took effect at midni…
Mumbai, March 12 (IANS) Shares of InterGlobe Aviation Limited, the parent company of IndiGo airline, fell sharply on Thursday, after global brokerage firm Citi lowered its price target for the stock.The brokerage cut its target price by about 10.5 per cent to Rs 5,100 per share from the earlier Rs 5,700.Despite the reduction, Citi maintained its “buy” rating on the stock. The revised target still suggests a potential upside of around 17 per cent from the stock’s previous closing price.Acco…