Odisha raises VAT on petrol, diesel

Last Updated: Wednesday, December 24, 2014, 23:08

Petrol and diesel in Odisha will now cost more by Rs 1.49 per litre and Rs 1.33 per litre respectively with the state Cabinet on Wednesday deciding to increase the VAT to 23 percent from the current 20 percent.

Petrol prices to increase in Goa; government to impose VAT

Last Updated: Wednesday, December 24, 2014, 18:26

Reneging on a major poll promise made in its manifesto, the BJP-led government on Wednesday announced that the decision to abolish Value Added Tax on petrol after coming to power in Goa, would now be reversed.

Govt considering partial rollback of bulk diesel prices

Last Updated: Thursday, January 9, 2014, 17:14

Government is considering partial rollback of market price of diesel sold to bulk users like road transport buses because those sales have dipped, Oil Secretary Vivek Rae said on Thursday.

Petrol price hiked by 75 paise; diesel by 50 paise

Last Updated: Friday, January 3, 2014, 18:25

Petrol in Delhi currently costs Rs 71.51 per litre and after the increase it will be priced at Rs 72.43 per litre, including VAT.

State-run oil firms' shares up on diesel price hike hopes

Last Updated: Thursday, December 26, 2013, 13:02

Shares of state-run oil marketing companies gain after a media report said the petroleum ministry was planning to propose a hike of 5 rupees in diesel prices.

Diesel prices to be fully deregulated in two months: Moily

Last Updated: Saturday, December 21, 2013, 00:17

"We still hope that in the days to come and within a couple of months, we are going to deregulate diesel prices completely," Moily said.

Petrol price hiked by 41 paise, diesel by 10 paise

Last Updated: Friday, December 20, 2013, 23:07

Simultaneously, diesel rates were increased by 10 paise per litre due to a hike in dealers commission.

Petrol price hiked by 41 paise per litre; diesel by 10 paise

Last Updated: Friday, December 20, 2013, 19:08

The government has "decided to revise the dealer's commission on diesel from Rs 1,089 per kilolitre (or 1.089 per litre) to Rs 1,186 per kl for the entire country with immediate effect," according to an official statement.

Losses on diesel climb to Rs 10.48 a litre

Last Updated: Monday, December 16, 2013, 19:30

This followed marginal increase in gas oil rates in the international markets and rupee value falling from Rs 61.78 to a US dollar to Rs 62.13.

Diesel price hiked by 50 paise; petrol rates unchanged

Last Updated: Saturday, November 30, 2013, 18:47

The price increase, the 11th since January, excludes local sales tax or VAT and will be effective from midnight tonight, oil companies announced.

Diesel price hiked by 50 paise/litre; to cost Rs 53.67 in Delhi

Last Updated: Saturday, November 30, 2013, 18:22

Earlier in November, diesel price in Delhi was hiked by 56 paise to Rs 53.10 per litre.

CCI to pass order on issue of its jurisdiction on oil pricing

Last Updated: Monday, November 18, 2013, 13:19

Competition Commission of India will this month pass an order on the issue of its authority to probe alleged cartelisation on fixing of petrol prices, as questioned by oil marketing firms.