New Delhi, March 27 – The government has reduced excise duty on petrol and diesel by ₹10 per litre each, a move aimed at protecting domestic consumers from a surge in global oil prices triggered by the Middle East conflict, at an estimated revenue cost of ₹1.75 lakh crore.Alongside, the...
New Delhi, March 27 The government has reduced excise duty on petrol to Rs 3 per litre and exempted diesel from the duty, aiming to protect consumers from the impact of rising global crude prices amid the ongoing conflict in the Middle East.Global crude prices have increased by almost 50 per...
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New Delhi, March 17 Cooking gas, LPG consumption in India fell by a steep 17.7 per cent in the first half of March due to supply disruptions caused by the war in the Middle East, preliminary industry data showed.LPG consumption fell to 1.147 million tonnes during the first fortnight of March...
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New Delhi, March 11 India's state-owned oil marketing companies – Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited – are facing pressure from rising global crude and gas prices, limited domestic fuel price pass-through, and...