Representational image. | Photo Credit: Vijaykumar Soneji Oil refiner Chennai Petroleum Corporation (CPCL) has received Government of India approval for a foray into retail marketing of petrol and diesel. Petroleum and Natural Gas Ministry conveyed the government’s approval to the company to exercise retail marketing rights to market Motor Spirit (MS) and High Speed Diesel […]
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Representational file image. | Photo Credit: A.M. FARUQUI The Centre is ready for bringing petrol and diesel under the GST regime but it is unlikely that the states will agree to such a move, Petroleum and Natural Gas Minister Hardeep Singh Puri said on November 14. “For bringing the petrol and diesel under the GST, […]
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Hindustan Petroleum Corporation Ltd (HPCL) on November 3 reported a second straight quarterly loss as it held prices of petrol, diesel and LPG despite rising costs. The company registered a net loss of ₹2,475.69 crore in July-September, according to a company’s filing with the stock exchanges. HPCL had posted ₹1,918.89 crore net profit in the […]
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While petrol consumption is almost flat in the first half of August, diesel, the most widely used fuel in the country, saw demand drop 11.2% during August 1-15 While petrol consumption is almost flat in the first half of August, diesel, the most widely used fuel in the country, saw demand drop 11.2% during August […]
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LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister The profits of oil marketing companies has increased manifold, according an answer tabled in Rajya Sabha by […]
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Diesel saw sales jumping 35.2% year-on-year, while petrol sales by state-owned fuel retailers, which control roughly 90% of the market, were 29% higher in June than the same period last year Diesel saw sales jumping 35.2% year-on-year, while petrol sales by state-owned fuel retailers, which control roughly 90% of the market, were 29% higher in […]
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A ₹6 per litre tax on export of petrol and ATF and ₹13 per litre tax on export of diesel is effective from July 1. A ₹6 per litre tax on export of petrol and ATF and ₹13 per litre tax on export of diesel is effective from July 1. Finance Minister Nirmala Sitharaman on […]
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