Petrol Prices

  • Petrol price cut by Rs 1.82 per litre, diesel rate hiked by 50 paise 3 hours 18 minutes ago

    New Delhi: In a major relief for the common man, petrol prices will be cut by Rs 1.82 per litre from midnight tonight. The diesel price, however, has been hiked by 50 paise. This is the third reduction in fuel prices in the month of August. Prior to Independence Day, the...
  • Petrol to be cheaper by Rs 1.89-2.38 this Independence Day August 13, 2014

    New Delhi: Petrol prices will be slashed down by Rs 1.89-2.38 from the midnight of August 14/15, said Oil Minister Dharmendra Pradhan on Wednesday. This will be the second reduction in rates this month. The previous government had in June 2010 freed petrol prices and since then rates have moved...
  • Petrol price likely to be cut on Independence Day August 12, 2014

    New Delhi: Petrol price is likely to be cut on Friday on the back of softening in international rates, Indian Oil Corp, the nation's largest fuel retailer, indicated on Tuesday. "Petrol is a decontrolled product and prices increase or decrease depending on input cost every fortnight. We had cut rates...
  • Petrol price cut by Rs 1.09 per litre, diesel hiked by 50 paise per litre July 31, 2014

    New Delhi: Oil companies have cut petrol prices by Rs 1.09 per litre with effect from midnight tonight. However, diesel prices have been hiked by 50 paise per litre. Petrol price was reduced following drop in international oil rates and rupee depreciation against US dollar, making imports cheaper. For the...
  • Branded petrol price cut by over Rs 5 per litre July 10, 2014

    New Delhi: Price of branded or premium petrol on Thursday was cut by over Rs 5 per litre after Finance Minister Arun Jaitley slashed excise duty on the fuel. Central Excise duty on Branded Petrol was cut from Rs 7.50 per litre to Rs 2.35 per litre. Branded petrol, which contains...
  • Government to take steps to minimise impact of price hike: Delhi BJP July 1, 2014

    New Delhi: Defending the Centre's decision to hike railway fares and increase in prices of other commodities including gas, petrol, diesel and vegetables, Delhi BJP on Tuesday said the Narendra Modi government will take steps to minimise the impact of these decisions on the common man. At a meeting, chaired by...
  • BJP's definition of 'good days' coming out now: Congress on price rise July 1, 2014

    The Narendra Modi government is facing criticism for further burdening the common man with another hike in fuel prices. Petrol prices were hiked by Rs 1.69 per litre from midnight. ...
  • PM Modi takes stock of food inflation, faces flak over fuel price hike July 1, 2014

    New Delhi: The first big challenge for the Narendra Modi government has coming close on the heels of the delayed monsoon with the prices of food commodities having risen sharply. Prime Minister Narendra Modi has taken stock of the rise in prices of essential commodities and asked states to urgently...
  • India@9 with Bhupendra Chaubey June 30, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • News 360: Petrol prices hiked by Rs 1.69, diesel up by 50 paise June 30, 2014

    The ongoing crisis in Iraq has paved way to increase in oil prices in India. While petrol price has been hiked by a steep Rs 1.69 per litre, diesel prices has been increased by 50 paise a litre. ...
  • Petrol prices hiked by Rs 1.69, diesel up by 50 paise June 30, 2014

    New Delhi: The ongoing crisis in Iraq has paved way to increase in oil prices in India. While petrol price has been hiked by a steep Rs 1.69 per litre, diesel prices has been increased by 50 paise a litre. The hike, effective midnight tonight, excludes local sales tax or VAT and...
  • IOC to cut petrol prices by 1.2 per cent from Wednesday April 15, 2014

    Indian Oil Corp Ltd will cut retail prices of petrol by 1.2 per cent from Wednesday as the rupee has strengthened against the dollar since the last revision, it said in a statement on Tuesday. In 2010, the Indian government allowed fuel retailers to charge market rates for petrol and later...
  • Petrol price cut by 70 paise per litre April 15, 2014

    New Delhi: In a good news for the people, petrol price has been cut by 70 paise per litre. The price changes announced by oil companies are excluding local sales tax or VAT with effect from Tuesday midnight. Earlier, petrol and diesel prices were hiked by 75 paise and 50 paise a...
  • Petrol prices hiked by 75 paise, diesel prices by 50 paise January 3, 2014

    Petrol and diesel prices will go up by 75 paise and 50 paise a litre, excluding taxes, from midnight Friday, state-run oil marketing company Indian Oil Corporation said. "Indian Oil Corporation has decided to effect increase in the retail selling price of petrol by Rs. 0.75 per litre excluding state levies...
  • Petrol prices hiked by 75 paise, diesel prices by 50 paise January 3, 2014

    New Delhi: Petrol price was on Friday hiked by 75 paise and diesel by 50 paise a litre as rise in global oil rates and fall in rupee value increased the cost of production. The hikes, effective midnight tonight, are excluding local sales tax or VAT and actual increase will be...
  • Petrol price hiked by 41 paise, diesel by 10 paise December 20, 2013

    New Delhi: Petrol price was on Friday hiked by 41 paise a litre following the government decision to raise commission paid to petrol pump dealers and firming global oil rates. Simultaneously, diesel rates were increased by 10 paise per litre due to a hike in dealers commission. The two increases, which...
  • Petrol price cut by Rs 1.15 per litre, diesel hiked by Re 0.50 October 31, 2013

    New Delhi: Petrol price has been cut by Rs 1.15 per litre, the second reduction in rates in a month, while diesel rate has been hiked by Re 0.25 per litre. The price changes announced by oil companies are excluding local sales tax and VAT and will come into effect...
  • Drop in Trade deficit: Much ado about something? October 10, 2013

    The recent persistent drop in India's trade deficit has given us a reason to rejoice. Perhaps, it's a Diwali gift from goddess Lakshmi. But, what real implications if any does it have for the Indian economy and what to expect in the near future? The trade deficit has fallen as...
  • Seemandhra districts out of power, prices of commodities sky high October 9, 2013

    Vizianagram: With prices of essential commodities skyrocketing and many Seemandhra districts still without power, the Congress is demanding that Essential Service Maintenance Act (ESMA) be invoked in Andhra Pradesh. Even though curfew was relaxed for 2 hours in violence-hit Vizianagaram, it brought little relief for the public as the markets were...
  • Oil Minister Veerappa Moily travels to work in metro to save fuel October 9, 2013

    New Delhi: Petroleum Minister Veerappa Moily took the metro to the ministry on Wednesday. The minister took the Metro from a station near his residence and travelled to the Central Secretariat station, which is near Shastri Bhawan. The Petroleum Minister latest action is said to be part of a fuel conservation...
  • India @ 9 with Rajdeep Sardesai September 30, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Veerappa Moily hints at reduction in petrol price in next few days September 27, 2013

    New Delhi: Oil Minister M Veerappa Moily on Friday hinted at a reduction in price of petrol in next few days, the first cut in rates in over five months. The reduction in rates is likely to be announced by the month end as per the practice of fortnightly revision in...
  • India @ 9 with Rajdeep Sardesai September 13, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Jayalalithaa slams hike in petrol price September 13, 2013

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa Friday slammed the revision of petrol price by Rs 1.63 and said this would further burden the people suffering from the recent hike of the fuel price. She said people had not "overcome" from the upward revision earlier this month and termed Friday's hike...
  • Petrol price hiked by Rs 1.63 per litre, excluding states taxes September 13, 2013

    New Delhi: Petrol will cost Rs 1.63 more per litre, excluding state taxes, from midnight on Friday, state-run Indian Oil Corporation (IOC) announced. The IOC said that it had to hike prices due to volatility in the rupee value and hardening of international motor spirit (MS) prices in the international market. Following are...
  • Petrol price may come down by up to Rs 1.50/litre September 12, 2013

    New Delhi: Petrol prices may be cut by as much as Rs 1-1.50 per litre next week on falling international oil rates and appreciating rupee but a one-time hike in diesel and possibly LPG rates is still on the cards. Oil Secretary Vivek Rae said the issue of a one-time hike...
  • India @ 9 with Rajdeep Sardesai September 2, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Is the government running out of options to control the oil pool deficit? September 2, 2013

    In an attempt to cut oil consumption, the Oil Ministry had on Sunday proposed petrol pumps to be open from 8 am to 8 pm. However, Oil Minister Veerappa Moily took a U-turn on Monday and denied any such proposal after facing criticism from the Opposition and the public. ...
  • The Last Word: What are sensible and silly ways of conserving fuel? September 2, 2013

    In an attempt to cut fuel consumption, the Petroleum Ministry has proposed petrol pumps to be open from 8 am to 8 pm only. Oil Minister Veerappa Moily had earlier written a letter to Prime Minister Manmohan Singh and Finance Minister P Chidambaram suggesting further hike on fuel prices. ...
  • News 360: No plan to restrict petrol pump timings, says Veerappa Moily September 2, 2013

    Petroleum Minister Veerappa Moily does a U-turn on the suggestion of keeping petrol pumps shut from 8 pm to 8 am. Speaking to IBN18 Editor-in-Chief Rajdeep Sardesai, Moily said there has been no such proposal. ...