A litre of diesel, however, will cost Rs 46.43 a litre as compared to Rs 44.96 per litre, according to Indian Oil Corp (IOC), the nation's largest fuel retailer. This is the 7th straight reduction in price of petrol.
While state-run oil firms have revised the price of transport fuels from Monday in their fornightly price revision, Indian consumers have been deprived of the latest benefit of falling global crude oil prices owing to hike in
Hike in excise duty on petrol and diesel, three times in quick succession, will help the government garner an additional Rs 10,000 crore in the fiscal and partly make up for the shortfall in disinvestment receipts and direct
Supreme Court's order on banning registration of diesel cars and SUVs with engine capacity over 2000cc will surely impact players like Toyota and Mahindra which draw their sales from heavy-engined utility vehicles.
Supreme Courtu0027s order on banning registration of diesel cars and SUVs with engine capacity over 2000cc will surely impact players like Toyota and Mahindra which draw their sales from heavy-engined utility vehicles.
National Green Tribunal banning the registration of diesel vehicles in Delhi is the most blatant example of how thoughtless government policy can play havoc with the finances of both individuals as well as hapless corporates.
Petrol and diesel prices will not be increased following government's decision to hike excise duty by Rs 1.60 per litre and 40 paise a litre respectively as state-owned oil companies have decided to absorb the raise for the t
Additional revenue initiatives have yielded rich dividend for the government as it has mopped up an extra Rs 36,500 crore in excise collections from April- August, with bulk of the amount coming from petroleum sector.