diesel

New Delhi, April 11 – The Centre on Saturday increased excise duties on petroleum products, including high-speed diesel, with immediate effect, according to a notification issued by the Ministry of Finance.The Union government has hiked the export duty or windfall tax on diesel by Rs 34 per...

New Delhi, April 11 The government on Saturday increased the export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 per litre.The duty hike will be effective immediately, the finance ministry said in a notification.The government had, on March 26...

New Delhi, April 10 Jio-BP, the fuel joint venture of Reliance Industries Ltd and BP Plc, does not plan to immediately raise fuel prices despite a spike in international oil prices, its chief executive Akshay Wadhwa said on Friday.The country's second-largest private fuel retailer has kept...

Jaipur, April 9 Rajasthan Chief Minister Bhajanlal Sharma chaired a meeting with officials on Thursday to review preparations for Prime Minister's visit to the state for the inauguration of the HPCL refinery in Balotra district on April 21.During the meeting, Sharma said the Pachpadra refinery...

New Delhi, April 7 The government is considering a ₹2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs affected by the West Asia crisis, sources said.Under the scheme, a credit guarantee of about 90 per cent on loans of up to ₹100 crore would be provided to lenders...

New Delhi, April 6 – State-run oil marketing company, Indian Oil Corporation Ltd (IOCL), announced on Monday that commercial LPG supply has recovered to around 70 per cent of pre-crisis levels, despite ongoing geopolitical disruptions.The PSU firm further noted that it continues to work...

New Delhi, April 4 The government on Saturday urged citizens to avoid panic buying of petrol, diesel, and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure of the Strait of Hormuz.The Ministry of Petroleum and Natural Gas said the government is taking...

New Delhi, April 2 – The Centre has announced a series of relief measures aimed at protecting the Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and affected exports.The Finance Ministry has outlined steps including cuts in...

New Delhi, April 2 The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries Ltd's SEZ refinery due to court rulings, a senior official said on Thursday.Effective from March 26, the government revised fuel levies, reintroducing export...

Government May Announce More Relief Measures for MSMEs Amid West Asia Crisis Fresh Support Likely as Inflation Risks Rise New Delhi, March 29: The government is considering additional relief measures for vulnerable sections of the economy, including the MSME sector, as the ongoing West Asia...

India’s Fuel Duty Overhaul: Impact on Reliance SEZ Exports and Refining Margins Uncertainty Over SEZ Export Tax Following India’s fuel duty changes effective March 26, significant uncertainty remains regarding whether Reliance Industries’ SEZ refinery exports will continue to enjoy exemptions...

New Delhi, March 28 – The government stated on Saturday that more than 54 lakh LPG refills were delivered yesterday, and the delivery of domestic LPG cylinders is normal despite the prevailing geopolitical situation that has affected supply chains.There have been no reported shortages at LPG...

India Fuel Supply Update: No Shortage of Petrol, Diesel, LPG; Government Dismisses Lockdown Rumors India Maintains Adequate Fuel Stocks Amid West Asia Crisis New Delhi, March 27: India currently holds sufficient stocks of petrol, diesel, and LPG to last at least two months under normal...

Reliance Industries Shares Plunge 4.6% Amid Market Volatility, Rs 87,014 Crore Wiped Off New Delhi, March 27 – Shares of Reliance Industries Limited (RIL) witnessed heavy selling on Friday, falling 4.6 per cent, which led to a reduction of Rs 87,014 crore in the company’s market capitalization...

Fuel Prices Remain Stable as Government Absorbs Losses New Delhi – Retail prices of petrol and diesel will not be adjusted following a recent excise duty reduction, according to a statement released by the government on Friday. Instead, the government will absorb the resulting losses incurred by...

Bangladesh’s Fossil Fuel Import Bill Projected to Surge by $4.8 Billion New Delhi, March 27 – Bangladesh’s annual fossil fuel import bill is projected to increase by $4.8 billion, representing a 40 per cent rise from 2025 levels, according to a new analysis by Zero Carbon Analytics (ZCA).The...

Panaji, March 26 The Goa government on Thursday asserted that there is sufficient stock of petrol and diesel in the state, even as long queues were seen at several fuel stations.Due to miscommunication and rumors on social media about a short supply of petrol and diesel at retail outlets...

New Delhi, March 26 India has approximately 60 days of fuel stock cover, the government said on Thursday, adding that there is no shortage of petrol, diesel, or LPG, as it dismissed reports of shortages as a "deliberate misinformation campaign" aimed at triggering panic buying.The Ministry of...

Bhopal, March 25 Madhya Pradesh Food, Civil Supplies and Consumer Protection Minister Govind Singh Rajput said on Wednesday that there is no shortage of petrol and diesel in the state, and people should not believe rumors."Petrol and diesel are available in sufficient quantities. They are...

New Delhi, March 25 The government stated that there is no shortage of petrol, diesel, or LPG in the country, and urged citizens not to believe rumors circulating on social media or resort to panic buying.Supplies of LPG remain affected due to the ongoing disruption in the Strait of Hormuz...