Latest State-owned Oil Marketing Companies News & Updates

Government Adjusts Windfall Tax on Petroleum Product Exports

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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…

State-Owned Oil Companies Slash Prices of Commercial LPG Cylinders in Major Cities

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New Delhi, July 1 (IANS) State-owned oil marketing companies (OMCs) on Wednesday reduced the price of 19-kg commercial LPG cylinders by up to Rs 183.5 across major cities, providing relief to restaurants, hotels and other commercial establishments that depend on the fuel for cooking.The revised rates came into effect from July 1.According to the revised price list, the commercial LPG cylinder price has been cut by Rs 183.5 in Delhi and Lucknow, Rs 181.5 in Chandigarh, Rs 174 in Kolkata and Rs 17…

Indraprastha Gas Limited Raises CNG Prices in Delhi for Fourth Time

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Mumbai, May 26 (IANS) Gas distributor Indraprastha Gas Limited (IGL) on Tuesday announced a fresh increase in compressed natural gas (CNG) prices, marking the fourth hike in less than two weeks. CNG prices in Delhi have been hiked by Rs 2 per kg.Following the latest revision by IGL, CNG in Delhi will now cost Rs 83.09 per kg, up from Rs 81.09 per kg.However, prices were revised upward across the National Capital Region, with consumers in Noida, Ghaziabad and Greater Noida now paying Rs 91.70 per…

Petrol and Diesel Prices Hiked Again in India, Third Increase in 10 Days

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New Delhi, May 23 (IANS) Petrol and diesel prices were increased once again across India on Saturday, marking the third revision in retail fuel rates in just 10 days. Petrol became costlier by Rs 0.87 per litre, while diesel prices were raised by Rs 0.91 per litre by state-owned oil marketing companies. The latest hike comes amid sustained pressure from rising global crude oil prices and ongoing geopolitical tensions in West Asia, which continue to impact international energy markets.In the nati…