The government has increased the export duty on diesel from 21.5 rupees per litre to 55.5 rupees per litre. The Ministry of Finance has also announced an increase in the duty on Aviation Turbine Fuel, from 29.5 rupees per litre to 42 rupees per litre. Meanwhile, the export duty on petrol will...
New Delhi, April 11 The government on Saturday increased the export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 per litre.The duty hike will be effective immediately, the finance ministry said in a notification.The government had, on March 26...
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aviation fuel
crude oil prices
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israel
middle east conflict
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united states
New Delhi, April 10 Jio-BP, the fuel joint venture of Reliance Industries Ltd and BP Plc, does not plan to immediately raise fuel prices despite a spike in international oil prices, its chief executive Akshay Wadhwa said on Friday.The country's second-largest private fuel retailer has kept...
Jaipur, April 9 Rajasthan Chief Minister Bhajanlal Sharma chaired a meeting with officials on Thursday to review preparations for Prime Minister's visit to the state for the inauguration of the HPCL refinery in Balotra district on April 21.During the meeting, Sharma said the Pachpadra refinery...
Defence Minister Rajnath Singh chaired the 3rd meeting of the Group of Ministers on West Asia in New Delhi today. In a social media post, Mr. Singh stated that during the meeting, they reviewed the measures in response to the evolving situation in West Asia. He added that the government is...
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New Delhi, April 8 – The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved on Wednesday the revision of the cost of the HPCL Rajasthan Refinery Limited (HRRL) project from ₹43,129 crore to ₹79,459 crore, and an additional equity investment of ₹8,962...
New Delhi, April 7 – The Centre announced on Tuesday that it has doubled the daily quantity of 5 kg LPG cylinders being provided to each state for distribution to migrant laborers."The supply of 5 kg LPG cylinders is being doubled based on the average daily supply to migrant laborers during...
black marketing
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migrant laborers
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public sector oil marketing companies
state governments
Colombo, April 7 Sri Lankan President Anura Kumara Dissanayake announced an economic relief package on Tuesday aimed at minimizing the impact of the West Asia conflict.Speaking in parliament, Dissanayake said that India has agreed to provide the island nation with petrol and diesel."As a...
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west asia conflict
New Delhi, April 7 The government is considering a ₹2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs affected by the West Asia crisis, sources said.Under the scheme, a credit guarantee of about 90 per cent on loans of up to ₹100 crore would be provided to lenders...
aatmanirbhar bharat abhiyaan
bank loans
credit guarantee scheme
crude oil prices
diesel
emergency credit line guarantee scheme (ecgls)
excise duty
export duty
import duty
interest rate
member lending institutions (mlis)
micro, small and medium enterprises (msmes)
national credit guarantee trustee company (ncgtc)
petrochemical products
petrol
west asia crisis
Bhopal, April 6 Public sector oil marketing companies (OMCs) on Monday said they are maintaining steady and adequate supplies of LPG and automotive fuel in Madhya Pradesh despite the ongoing war in West Asia and allayed fears of shortages.Indian Oil Corporation Ltd (IOCL), Bharat Petroleum...
Mumbai, April 6 Amid rising geopolitical tensions in the Middle East that have strained global petroleum supply chains, the Maharashtra government, in coordination with major Oil Marketing Companies (OMCs), issued a firm assurance on Monday of adequate fuel availability across the state.State...
The government is making every effort to ensure the availability of petrol, diesel, and LPG across the country. It has advised citizens to use digital methods for booking LPG cylinders and to avoid visiting distributors unless absolutely necessary. The Ministry of Petroleum and Natural Gas...
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petrol
port operations
seafarer repatriation
west asia
Bengaluru, April 5 IOCL said on Sunday that it is actively strengthening Auto LPG distribution across its network in Karnataka to address the surge in demand arising from the ongoing geopolitical situation.The company, however, highlighted that infrastructure limitations—including a limited...
Sydney, April 4 – Australian Energy Minister Chris Bowen said on Saturday that Australia's fuel supply "remains strong," and more petrol is reaching service stations across the country.Providing a weekly update on fuel supply, Bowen told reporters in Sydney that Australia had approximately 39...
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POONCH, APRIL 04: DC Ashok Kumar Sharma held a press conference to address public concerns in light of the ongoing situation. He assured the public that supplies of LPG, petrol, diesel, and other essential commodities are adequate, and that the overall situation in Poonch remains normal and...
RAJOURI, APRIL 03: Abhishek Sharma assured that sufficient stocks of LPG, petrol, diesel, food grains, and fertilizers are available in Rajouri, with supplies being maintained according to guidelines issued by the Government of India.He warned that hoarding and black marketing will not be...
black marketing
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enforcement drives
fertilizers
food grains
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hoarding
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otp-based system
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rajouri
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supply points
New Delhi, April 4 The government on Saturday urged citizens to avoid panic buying of petrol, diesel, and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure of the Strait of Hormuz.The Ministry of Petroleum and Natural Gas said the government is taking...
black marketing
diesel
domestic consumption
energy conservation
fuel supplies
government policy
hoarding
india
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natural gas
petrolpetroleum products
price controls
refinery operations
supply chain management
Islamabad, April 3 – Pakistan’s Human Rights Council (HRC) strongly criticised the government’s steep increase in petrol and diesel prices on Friday, warning that the move would further burden citizens already struggling with rising inflation and economic hardship.According to the rights body...
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human rights council
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pakistanis rupees (pkr)
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purchasing power
The Centre has requested the states and union territories to take necessary measures to curb practices such as hoarding and black marketing of LPG and other petroleum products. Secretary, Ministry of Petroleum and Natural Gas, Dr. Neeraj Mittal, has written a letter to all states and union...
black marketing
crude oil
diesel
hoarding
information dissemination
inventory management
lpg
ministry of petroleum and natural gas
panic buying
petrolpetroleum products
public communication
refineries
state government
union territories
Islamabad, April 3 – The Pakistani government has announced a significant increase in fuel prices, with petrol rising by 43% and high-speed diesel (HSD) by 55%, according to local media reports.The price of petrol has been raised from Pakistani Rupees (PKR) 321.17 to PKR 458.41 per litre, an...