Call on bringing fuels under GST to be taken closer to GST Council meet: Sitharaman Amidst the rise in fuel prices, Finance Minister Nirmala Sitharaman on Friday said she might take a call closer to the GST Council meeting about proposing to the Council to bring petrol and diesel under the goods and services tax (GST). Sitharaman admitted that taxes on fuels should be brought down to reduce the burden on consumers, and called pricing a worrying issue. Dual airbags mandatory for new cars f...

Globally, West Texas Intermediate crude oil gained 1.30 per cent to $64.66 per barrel, while Brent crude traded 1.45 per cent higher at $67.71 per barrel in New York

India's Oil Minister Dharmendra Pradhan had in the run-up to Thursday's OPEC meeting urged the producers' group to ease production curbs to fulfil their promise of stable oil prices

India had been urging major producers to ease output cuts and help global economic recovery from the coronavirus pandemic as well as rein in prices

Iran's rupee reserves in India's UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly

Pradhan said at the CERAWeek conference by IHS Markit that India, where fuel demand is recovering to pre-pandemic levels, would like to rely on reasonable and responsible oil prices

The Ecowrap report, authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India stated that Centre and states do not want to bring oil products under the GST regime as sales tax and VAT comprise a major source of tax revenue

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\"We estimate excise duty on auto fuels in FY22 (April 2021 to March 2022), if it is not cut, at Rs. 4.35 lakh crore versus budget estimate of Rs. 3.2 lakh crore, ICICI Securities said in a note

Brent crude futures dipped 7 cents, or 0.1%, to $62.63 a barrel, down 7% from a 13-month high hit last week

The Board of BPCL on Monday approved the sale of the company's 61.65 per cent stake in Numaligarh Refinery Ltd (NRL) to a consortium of state-owned Oil India, consultancy firm Engineers India Ltd (EIL) and Government of Assam for Rs 9,875.96 crore

On the Multi Commodity Exchange, crude oil for March delivery eased by Rs 31, or 0.7 per cent, to Rs 4,420 per barrel with a business volume of 4,403 lots

The sale of Numaligarh Refinery Ltd clears the way for privatisation of India's second-largest fuel retailer

This is the third increase in jet fuel prices since February. Rates were increased by 3.6 per cent on February 16, and by Rs 3,246.75 per kl on February 1

\"We are discussing ways in which prices can be kept stable. We will be able to take a view of the issue by mid-March,\" say sources

This is second hike in last four days and fourth since February. LPG cylinder prices have been hiked by Rs 125 in February and since December, they saw Rs 200 increase

While Sensex gained 900 points to 50,000 mark, Nifty rose 266 points to 14,795 in early trade

Currently, the price of one litre of petrol stands at Rs 91.17 per litre in Delhi, and diesel rates stand at Rs 8.47 per litre. In Mumbai, the price of petrol is Rs 97.57 per litre, and that of a litre of diesel is Rs 88.60 per litre

Fuel prices have been rising steadily since February 9. In the 14 increases since then, petrol and diesel rates have gone up by Rs 4.88 per litre and diesel by Rs 4.81 per litre in Delhi

Fertilisers, steel and electricity were the only sectors to record positive growth in the month, as per the data released by the Department for Promotion of Industry and Internal Trade.