Petrol, diesel prices may be slashed today

Last Updated: Monday, August 31, 2015, 12:48

The oil marketing companies had revised the prices on August 15. Petrol was made cheaper by Rs 1.27 and diesel by Rs 1.17 per litre in the NCR.

Delhi govt hikes petrol price by Rs 2.78, diesel by Rs 1.83 per litre

Last Updated: Wednesday, July 15, 2015, 21:07

Earlier in June, state-run Indian Oil had cut the fuel price by Rs.1.35 per litre, while increasing that of petrol by 64 paise a litre, in line with the trend in global oil rates.

Petrol prices cut by 31 paise, diesel 71 paise

Last Updated: Tuesday, June 30, 2015, 20:55

The cut in petrol prices comes on back of three successive increases since May, while this is the second reduction in diesel rates this month.

Petrol prices slashed by 31 paise, diesel by 71 paise; effective midnight

Last Updated: Tuesday, June 30, 2015, 20:18

Petrol price on Tuesday was cut by 31 paise a litre, and diesel price by 71 paise a litre, effective midnight tonight.

Petrol price in India more than Pakistan: Oil Minister Pradhan

Last Updated: Wednesday, May 13, 2015, 17:10

Diesel at Rs 49.57 per litre in Delhi is however cheaper than all neighbouring nations except Sri Lanka, where it costs Rs 44.29 for a litre, he said in a written reply to a question in Rajya Sabha.

Petrol prices hiked by Rs 3.18 per litre; diesel by Rs 3.09

Last Updated: Saturday, February 28, 2015, 18:44

Oil marketing companies have decided to increase petrol pries by Rs 3.18 per litre and diesel by Rs 3.09 with effect from midnight Saturday.

Oil cos suffer inventory loss of Rs 30K cr on price slump: FM

Last Updated: Thursday, February 26, 2015, 21:50

Finance Minister Arun Jaitley Thursday defended petrol and diesel pricing policy of state-run firms, saying they had suffered an inventory loss of Rs 30,000 crore this fiscal on falling international oil rates.

'Petrol prices in Pakistan lowest in the region'

Last Updated: Sunday, February 1, 2015, 23:03

Pakistan has passed maximum benefit of reduction in oil prices in the international market to the people, a senior minister has said following the slashing of fuel prices by the government.

Qantas drops fuel surcharges, flags positive outlook for airline

Last Updated: Tuesday, January 27, 2015, 12:56

Qantas said Tuesday it was removing fuel surcharges from its international flights, with chief executive Alan Joyce adding that the fall in petrol prices was helping the airline`s bottom line.

Oil firms face Rs 10,000 cr inventory loss, depreciating rupee

Last Updated: Tuesday, December 30, 2014, 18:12

Indian Oil Corp (IOC) and other state-run fuel retailers have piled up inventory loss of over Rs 10,000 crore which together with depreciating rupee has severely strained their finances ahead of a revision in petrol and diesel prices.

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.