oil marketing companies

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    Changes to Petrol/Diesel Excise Duty Aim for Price Stability

    March 27, New Delhi: Vivek Chaturvedi, Chairman of the Central Board of Indirect Taxes and Customs (CBIC), stated that there have been changes in the excise duty on petrol and diesel for domestic consumption. Specifically, the domestic special additional excise component of the current levy on...
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    West Bengal Seeks Local LPG Supply Amid Polls

    Kolkata, March 27 West Bengal Chief Minister Mamata Banerjee reiterated her demand that cooking gas produced in the state should not be diverted elsewhere in the country, citing concerns over a perceived LPG shortage amid the ongoing West Asia conflict.Responding to a query on the Centre’s...
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    Fuel Prices Stagnant Amid Excise Duty Changes: Congress Criticizes Move

    New Delhi, March 27 – The Congress party on Friday accused the government of reducing excise duties on petrol and diesel due to upcoming assembly elections, pointing out that consumer prices in India have not decreased even when global crude oil prices have fallen on seven different occasions in...
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    Fuel Prices Stagnant Despite Crude Price Drops, Congress Claims

    New Delhi, March 27 – The Congress party on Friday accused the government of reducing excise duties on petrol and diesel due to upcoming state assembly elections, pointing out that consumer prices in India have not decreased even when global crude oil prices have fallen on seven separate...
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    Rumors of Lockdown Dismissed – Sitharaman Assures Public

    Union Finance Minister Nirmala Sitharaman stated today that the government is ensuring that there will be no price increases for petrol, diesel, and Aviation Turbine Fuel (ATF). Speaking to the media in New Delhi, Ms. Sitharaman said that, considering the situation in West Asia, the Prime...
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    Government Increases LPG Quota for Manufacturing

    March 27, New Delhi — In a major relief measure for industries, the Ministry of Petroleum and Natural Gas has increased the allocation of non-domestic commercial LPG to 70% of pre-crisis levels.In a letter sent today to all State and Union Territory Chief Secretaries, Dr. Neeraj Mittal...
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    Congress: Excise Duty Cuts Don't Reflect Consumer Relief

    New Delhi, March 27 The Congress claimed on Friday that the government's excise duty cuts will not affect prices for dealers and consumers, and that the relief is only in the narrative, not in reality.The government has reduced excise duty on petrol to Rs 3 per litre and exempted diesel...
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    Fuel Price Relief: CM Sharma Welcomes Excise Duty Cut

    Jaipur, March 27 – Rajasthan Chief Minister Bhajanlal Sharma praised the Centre's decision to sharply reduce excise duty on petrol and diesel, calling it a major relief measure for citizens amid global uncertainties.Praising Prime Minister Narendra Modi's leadership, CM Sharma said the move...
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    Oil Companies Absorbing Losses Amid Excise Duty Changes

    New Delhi, March 27 – The Congress party said on Friday that the reduction in excise duty on petrol and diesel offers no real relief to ordinary people and accused the government of misleading the public with headlines suggesting a price reduction.The party stated that if people saw reports...
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    India's Fuel Prices Strained by Rising Crude, Excise Duty Changes

    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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    ICRA: Geopolitical Conflict Could Strain India’s Finances

    New Delhi, March 26 A surge in global crude oil and natural gas prices amid the West Asia conflict is likely to complicate India's fiscal position in FY2027, potentially increasing subsidy burdens and putting pressure on revenues, ratings agency ICRA said.Crude prices have more than doubled...
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    Fuel Availability Stable in Assam, Authorities Say

    Guwahati, March 25 – Assam Chief Minister Himanta Biswa Sarma assured on Wednesday that there is no shortage of petrol, diesel, or LPG in the state and urged people not to panic-buy.Speaking to reporters here, Sarma said that fuel supplies remain adequate and there is no cause for public...
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    Hyderabad Residents Asked to Avoid Panic Buying

    Hyderabad, March 25 The Telangana government on Wednesday refuted claims of a fuel shortage and urged the public to ignore the rumors that have triggered panic buying across the state.As motorists began rushing to fuel stations in Hyderabad amid rumors of a shortage since Tuesday evening, the...
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    Fuel Supplies Stable in Telangana, Authorities Urge Calm

    Hyderabad, March 25 Amid rumors of shortages in petrol, diesel, and LPG, which triggered panic buying and long queues at fuel stations across Hyderabad, the Telangana government assured the public on Wednesday that there is no shortage of any petroleum product in the state.Addressing a press...
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    No Fuel Shortage in Telangana, Dealers Association Assures

    Hyderabad, March 25 – Chaos prevailed at petrol stations across Hyderabad on Wednesday as rumors of a fuel shortage due to the ongoing war in the Middle East triggered panic buying by customers.Long queues of motorists were seen at almost all retail outlets in the twin cities of Hyderabad...
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    Haryana Addresses LPG Supply Concerns Amid Global Challenges

    Chandigarh, March 24 The Haryana government is taking strict action against those involved in the black marketing of cooking gas cylinders, with eight FIRs registered so far and 825 LPG cylinders seized, officials said on Tuesday.Minister of State for Food, Civil Supplies and Consumer Affairs...
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    Crackdown on LPG Black Market in Haryana

    Chandigarh, March 24 – Haryana’s Minister of State for Food, Civil Supplies and Consumer Affairs, Rajesh Nagar, assured citizens on Tuesday that there was no shortage of domestic LPG supply in the state and that there was no need to panic.He stated that any irregularities related to LPG were...
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    Panic Buying Fuels Queues at Hyderabad Petrol Stations

    Hyderabad, March 24 – Several petrol pumps in Hyderabad were closed on Tuesday, while long queues were seen at some filling stations that were open, despite authorities maintaining that there was no shortage of petrol, diesel, or domestic LPG anywhere in Telangana."No stock" signs were put up...
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    Premium Petrol Increase in Rajasthan: Limited Impact on Overall Sales

    Jaipur, March 20 Amid volatility in global crude oil markets and rising geopolitical tensions in the Gulf region, Oil Marketing Companies (OMCs) have increased the prices of premium petrol (branded fuel). In Rajasthan, the increase, ranging between Rs 2 and Rs 2.3 per litre, has been announced...
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    LPG Supply Efforts Underway Amid Global Tensions

    New Delhi, March 20 – The government said on Friday that there has been no price increase for regular petrol for consumers, and the increase is limited to the premium fuel category, which accounts for only 3-4 per cent of total petrol sales.Addressing the daily briefing, Joint Secretary...
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