excise duty

Jharkhand govt slashes VAT on jet fuel to 4% from a 20% high
Oil & Gas

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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…
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