"diesel"

State-owned oil companies are incurring losses of Rs 18 per litre on petrol and Rs 35 on diesel as fuel prices remain unchanged despite rising crude costs. The losses may lead to price hikes after upcoming state elections

The government has reduced excise duty by Rs 10 per litre on petrol and diesel but retail prices remain unchanged. OMCs absorb under-recoveries to maintain supply amid soaring global crude prices, while an export levy on diesel prioritises domestic demand.

Siddipet police arrested five members of a gang for stealing batteries and diesel from Jio mobile towers across Telangana. They recovered 18 batteries, ₹3.01 lakh, and vehicles. Six others remain absconding as police continue the investigation

Diesel, India's most consumed petroleum fuel and lifeline of transport and rural agri economy, saw just 2 per cent growth in demand in fiscal year ended March 31, 2024 and no growth at all in the preceding financial year

The news comes days after there was a buzz around prices of petrol and diesel being slashed owing to the falling crude oil  prices.

Y S Sharmila noted that a litre of petrol costs Rs 109.6 in Andhra Pradesh and diesel Rs 97.4, whereas in Tamil Nadu, they cost Rs 100.8 and Rs 92.3, respectively

ICRA: Stable Crude Prices Could Lead to Rs 2-3 per Litre Cut in Petrol, Diesel

According to reports, after the incident, locals rushed to the scene before police were able to do so and began siphoning fuel from the tanker.

While IOCL has depots at Kavaratti and Minicoy, the product at these depots is supplied from the IOCL depot in Kochi, Kerala.

Through duty cuts, the government has foregone revenue to the tune of Rs 2.2 lakh crore, he said.

The arrested persons, M Anand Kumar (37) and J Shehkar Naik (32), both residents of Ranga Reddy district along with others were regularly transporting diesel from Karnataka.

The Delhi transport department in its order said, the sub-committee for operationalisation of the revised GRAP has reviewed the air quality scenario as well as the forecast for meteorological conditions and air quality index in Delhi.

A Rajasthan Petroleum Dealers Association member said the government had promised a solution in 10 days on increasing VAT on petrol and diesel

Month-on-month sales were up 0.9 per cent, when compared with 2.7 million tonnes of diesel consumed in the first half of August.

The petitioner pointed out how there was no mechanism to determine the prices of the products and that the increase in prices of petroleum products would lead to a new wave of inflation.

Earlier this week, the road, transport and highway minister's remarks regarding the need to levy 10 per cent tax on diesel-run vehicles to help cut emissions had generated lots of controversy.

The government on Friday cut special additional excise duty on crude petroleum to Rs 6,700 per tonne with effect from September 2

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India’s petrol and diesel consumption fell in the first half of August from the previous month and a year ago.

Levy on diesel became nil in April but the levy was brought back in August. Levy on ATF became nil in March and has now been brought back.