New Delhi, March 27 The Congress on Friday claimed that the government's excise cuts will not change prices for dealers and consumers, and that the relief exists only in the narrative, not in reality.The government has slashed excise duty on petrol to Rs 3 per litre and exempted diesel fully...
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tax levy
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New Delhi, March 27 The government has reduced excise duty on petrol to ₹3 per litre and completely exempted diesel, aiming to help oil marketing companies like HPCL, BPCL, and IOC cope with rising global crude prices amid the Middle East conflict.The Finance Ministry, in a notification dated...
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excise duty
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international oil prices
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oil imports
petrol prices
strait of hormuz
New Delhi, March 26 Nayara Energy, India's largest private fuel retailer, on Thursday raised petrol prices by Rs 5 per litre and diesel by Rs 3 a litre, passing on part of the recent surge in global oil prices following the war in the Middle East, sources said.Fuel marketing companies in India...
New Delhi, March 25 AIMIM chief Asaduddin Owaisi on Wednesday alleged that the government has been "caught off guard" in handling the "energy crisis" amid the ongoing conflict in West Asia, as it failed to build adequate strategic petroleum reserves.The Hyderabad MP said that India is facing...
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fuel shortages
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petrol prices
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political elections
west asia conflict
west bengal
New Delhi, March 24 – The BJP on Tuesday criticized the Congress government in Himachal Pradesh for imposing a ₹5 cess on fuel, calling it "anti-common man." The party also alleged that this measure, along with increased VAT and the additional cess, will extract over ₹1,000 crore annually from...
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Melbourne, March 24 – As Australia sits at the far end of the regional fuel supply chain, it may face a "fuel supply crunch" in the coming weeks, according to local media reports, citing the conflict in the Middle East that has driven up international energy prices and exposed Australia's heavy...
australia
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crude oil
dhl
dieselprices
energy prices
fuel supply
imported fuel
inflation
middle east conflict
refineries
regional fuel supply chain
reserve bank of australia
shipping insurance
strait of hormuz
The Lok Sabha has taken up the Finance Bill, 2026, for consideration and passage. The bill aims to implement the financial proposals of the Central Government for the financial year 2026-2027. Union Finance Minister Nirmala Sitharaman introduced the bill in the House.Starting the discussion...
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india
inflation
infrastructure development
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lpg shortage
nirmala sitharaman
oil bonds
rupee vs. us dollar
unemployment
women's empowerment
Colombo, March 22 – Sri Lanka's state-owned Ceylon Petroleum Corporation announced a revision of fuel prices.All fuel products, including auto diesel, petrol, and kerosene, saw price increases ranging from 60 rupees (0.19 US dollars) to 90 rupees per litre, effective from midnight on Saturday...
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economic conditions
fare increases
fuel price hike
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kerosene
lanka ioc
lanka private bus owners' association
petrol
price adjustment
sri lanka
transportation
Gandhinagar, March 22 The latest increase in bulk diesel prices has been withdrawn for fishermen in Gujarat after the state approached the Centre, Fisheries Minister Jitu Vaghani said.The price of premium or higher-grade petrol was increased on Friday by Rs 2 per litre, while the rate of bulk...
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jitu vaghani
maritime industry
price increase
state government
west asia conflict
Gandhinagar, March 21 The recent increase in bulk diesel prices has been withdrawn for Gujarat's fishermen after the state approached the Centre, Fisheries Minister Jitu Vaghani said on Saturday.The Gujarat government had urged the Centre to provide relief to the fisheries sector by...
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state government
Gandhinagar/New Delhi, March 21 – The central government on Saturday directed the rollback of a ₹22.43 per litre increase in diesel prices for fishing boats in Gujarat, following representations by the state government regarding the impact on fishermen.The price hike was introduced by Bharat...
Bengaluru, March 21 Karnataka Transport Minister Ramalinga Reddy said on Saturday that there would be no immediate increase in bus ticket fares, despite the recent surge in petrol and diesel prices, attributing the rise in fuel costs to global factors.He said that the state government would...
New Delhi, March 16 The BJP on Monday accused the Congress and the Samajwadi Party (SP) of spreading "lies" about the availability of domestic LPG cylinders, alleging that the opposition is attempting to create panic for "political and commercial" gains.BJP spokesperson Shehzad Poonawalla said...
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supply allocation
Seoul, March 13 – South Korea's Industry Minister Kim Jung-kwan said on Friday that the government's fuel price cap system is already showing signs of stabilizing prices less than a day after it came into effect.Kim held a meeting with officials from South Korean oil refineries, gas stations...
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petrochemical industry
price stabilization
south korea
strategic oil reserve
Bengaluru, March 12 Karnataka Deputy Chief Minister D K Shivakumar said on Thursday that the government will discuss the issue of LPG shortage in a Cabinet meeting, while urging the Centre to immediately address supply disruptions that are affecting households and farmers.In the wake of the...
New Delhi, March 11 S&P Global Ratings said on Wednesday that the profit margins of oil marketing companies like IOC, BPCL, and HPCL could suffer as they are likely to maintain retail prices of petrol and diesel unchanged to curb inflationary pressures.Oil prices have risen since the start of...
New Delhi, March 9 Petrol and diesel prices will not be increased for now, despite international crude oil rates crossing USD 100 per barrel, top government sources said on Monday.Officials said the government is closely monitoring global oil markets, but there is no immediate plan to raise...
New Delhi, March 2 International oil prices rose by about 9% following attacks by the US and Israel on Iran, and retaliatory strikes by Tehran, but retail petrol and diesel prices in India are unlikely to increase in the near term, sources said.Brent crude, the global benchmark, climbed close...
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petrol prices
strait of hormuz
tamil nadu
west bengal
Islamabad, February 16 – The Pakistani government has increased the prices of petrol and high-speed diesel by Pakistani Rupees (PKR) 5 and PKR 7.32 per liter, respectively, until the end of February, local media reported on Monday.In a late-night announcement on Sunday, the petroleum division...
Bengaluru, February 15 The KSRTC has revised its baggage charges, effective from February 16."In view of the increase in diesel, staff, and other expenses, the rates for baggage carried in the corporation's buses have been revised. The revised rates will come into effect from 16-02-2026,"...