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Searched Tag: petrol

Oil price drop may lead to Rs 2-3 fuel cut: ICRA

September 26, 2024, 02:17 PM - 3 min read

A recent drop in crude oil prices may allow Indian state-owned firms to reduce petrol and diesel prices by Rs 2-3 per litre, as marketing margins have improved, according to Icra, following a period of price freezes since March 2022.

CM Siddaramaiah defends hike in petrol & diesel prices

Siddaramaiah defends hike of petrol & diesel costs

June 16, 2024, 08:27 PM - 2 min read

According to Siddaramaiah, the VAT on petrol is 25 per cent plus Rs 5.12 additional tax, and on diesel in Maharashtra it is 21 per cent. He, further, states, Karnataka’s revised rates are still more affordable.

In a move aimed at providing relief to consumers, the central government declared a reduction in petrol and diesel prices by Rs 2, effective from Friday.

Petrol and diesel prices cut by Rs 2 per litre; ‘sleight of hand’, says Opposition

March 15, 2024, 01:51 PM - 2 min read

The Ministry of Petroleum and Natural Gas emphasized in a social media post that the reduction in fuel prices would positively impact consumer spending and reduce operating costs, especially for heavy goods vehicles, cars, and two-wheelers.