excise duty
Jharkhand govt slashes VAT on jet fuel to 4% from a 20% high
Oil & Gas
June 16, 2022
Jharkhand govt slashes VAT on jet fuel to 4% from a 20% high
In a bid to strengthen air connectivity in the state and boost tourism, the Jharkhand government on Wednesday announced it…
Govt’s excise mop-up from petrol, diesel doubles in FY21
Oil & Gas
November 30, 2021
Govt’s excise mop-up from petrol, diesel doubles in FY21
The central government’s mop-up from excise duty levied on petrol and diesel more than doubled to ₹3.72 lakh crore in…
Govt to exceed FY22 tax collection target: Revenue Secy
Oil & Gas
November 22, 2021
Govt to exceed FY22 tax collection target: Revenue Secy
With the net direct tax collection till October closing in on ₹6 lakh crore and average monthly GST mop-up likely…
Petrol, diesel prices hiked consecutively for sixth day
Oil & Gas
November 1, 2021
Petrol, diesel prices hiked consecutively for sixth day
Petrol and diesel prices were hiked for the sixth consecutive day across the country on Monday. In the national capital,…
Excise collection on petroleum 79% more than pre-Covid
Oil & Gas
November 1, 2021
Excise collection on petroleum 79% more than pre-Covid
The government’s collection from levy of excise duty on petroleum products has risen 33% in the first six months of…
Petrol, diesel prices hiked again for a new high
Oil & Gas
October 14, 2021
Petrol, diesel prices hiked again for a new high
After two days of lull, petrol and diesel price on Thursday was again hiked by 35 paise per litre, sending…
Diesel hits ₹100 mark in Kerala, Karnataka
Oil & Gas
October 11, 2021
Diesel hits ₹100 mark in Kerala, Karnataka
Diesel price on Monday breached the ₹100-a-litre mark in Kerala and Karnataka as fuel prices were hiked again to align…
Diesel crosses ₹100 mark in Mumbai as fuel prices go up
Oil & Gas
October 9, 2021
Diesel crosses ₹100 mark in Mumbai as fuel prices go up
Mumbai on Saturday became the first metro city in the country to see diesel prices cross the ₹100 per litre…
Petrol, diesel prices hike again as crude oil nears 3 year high
Oil & Gas
October 2, 2021
Petrol, diesel prices hike again as crude oil nears 3 year high
Petrol and diesel prices soared to new record highs across the country on Saturday after rates were hiked again by…
Rajasthan CM urges Centre to reduce various fuel taxes
Oil & Gas
September 30, 2021
Rajasthan CM urges Centre to reduce various fuel taxes
Rajasthan Chief Minister Ashok Gehlot demanded the Centre reduce various types of taxes on fuel to give relief to common…
Government’s excise collection jumps 48% in Apr-July
Oil & Gas
September 6, 2021
Government’s excise collection jumps 48% in Apr-July
The government's collections from levy of excise duty on petroleum products have jumped 48% in the first four months of…
Over ₹1.5 lakh cr UPA-era oil bonds need to be repaid: Puri
Oil & Gas
September 3, 2021
Over ₹1.5 lakh cr UPA-era oil bonds need to be repaid: Puri
Petroleum Minister Hardeep Singh Puri said over ₹1.5 lakh crore of oil bonds issued by the previous UPA government remains…
Government starts justifying high central tax on petrol, diesel
Oil & Gas
July 26, 2021
Government starts justifying high central tax on petrol, diesel
The government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for…
Govt collections on petrol, diesel jumps to Rs 3.35 lakh cr
Oil & Gas
July 19, 2021
Govt collections on petrol, diesel jumps to Rs 3.35 lakh cr
The union government's tax collections on petrol and diesel jumped by 88% to Rs 3.35 lakh crore in the year…
Centre sitting on Rs 25 lakh cr fuel tax: Kharge
Oil & Gas
July 13, 2021
Centre sitting on Rs 25 lakh cr fuel tax: Kharge
Congress leader Mallikarjun Kharge alleged the Centre had collected Rs 25 lakh crore through fuel tax but it is neither…
Petrol crosses Rs 100-mark in three more states
Oil & Gas
July 11, 2021
Petrol crosses Rs 100-mark in three more states
Petrol price on Saturday crossed the Rs 100-per-litre mark in some places in Uttar Pradesh, Chhattisgarh and Nagaland after fuel…
CTI urges government to bring petrol, diesel under GST
Oil & Gas
July 9, 2021
CTI urges government to bring petrol, diesel under GST
The Chamber of Trade and Industry (CTI) on Thursday asked the government to bring petrol and diesel under the ambit…
Petrol price spikes to Rs 104.90 in Mumbai
Oil & Gas
June 29, 2021
Petrol price spikes to Rs 104.90 in Mumbai
Petrol and diesel prices on Tuesday touched a record high in Mumbai as it is retailing at Rs 104.90 per…
OMC’s spare diesel users from a big spike
Oil & Gas
June 24, 2021
OMC’s spare diesel users from a big spike
Fuel prices increased again across the country, adding more misery for the common man already grappling with rising food prices…
Fuel price hike due to Centre’s excise duty: Yechury
Oil & Gas
June 24, 2021
Fuel price hike due to Centre’s excise duty: Yechury
Communist Party of India (Marxist) General Secretary Sitaram Yechury hit out at Petroleum Minister Dharmendra Pradhan for his comment on…
Jet fuel price cut by 1% due to softening crude oil
Oil & Gas
April 17, 2021
Jet fuel price cut by 1% due to softening crude oil
Jet fuel price on Friday was cut by 1 per cent, the second reduction in rates this month following softening…
LPG price, petroleum taxes rise since BJP came to power
Oil & Gas
March 9, 2021
LPG price, petroleum taxes rise since BJP came to power
Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the…
Government gets tax rich from oil as consumers bear brunt
Oil & Gas
February 26, 2021
Government gets tax rich from oil as consumers bear brunt
Government is all set to walk away with the highest level of excise duty collection from the petroleum sector this…
Pradhan rules out any plans to cut taxes on petrol, diesel
Oil & Gas
February 11, 2021
Pradhan rules out any plans to cut taxes on petrol, diesel
Petroleum Minister Dharmendra Pradhan ruled out any cut in excise duty, for now, to give relief to consumers from the…
Products to cost more due to hike in fuel prices
Oil & Gas
January 9, 2021
Products to cost more due to hike in fuel prices
Rise in the prices of petrol and diesel will have a direct impact on the farmers, prices of agricultural products…