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

The vaccination programme has released pent-up optimism and \"there is little doubt today that a recovery based on a revival of consumption is underway,\" RBI said.

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

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

After a Rs 50 hike, one needs to shell out Rs 769 for a single 14.2 kg non-subsidised cooking gas cylinder in Delhi and Mumbai

In India, petrol and diesel prices are revised by state-backed oil marketing companies (OMCs) like Indian Oil, Bharat Petroleum and Hindustan Petroleum

Brent crude was up $1.06, or 1.6%, at $65.30 a barrel by 0204 GMT, after earlier hitting a high of $66.38

Fuel prices in India: Petrol is inching closer towards the Rs 100 mark in Mumbai

Taxes levied by the Centre and states constitute more than half of petrol and diesel prices, accounting for 60 per cent of the retail cost of the former and 54 per cent of the latter

The Congress has accused the Centre of looting people by imposing high taxes on petrol and diesel and has demanded its rollback to provide relief to the common man from the onslaught of rising prices

Centre has refused to cut excise duty despite unprecedented rise in fuel prices in past two months. In February, petrol prices have gone up by Rs 4.29 per litre and diesel by Rs 4.31 per litre in Delhi alone

Fuel rates have increased for 12 consecutive days in the country, with petrol crossing Rs 100 mark in Rajasthan and Madhya Pradesh. In Mumbai, it has inched close to Rs 100 as of Saturday, February 20

In a Hindi tweet, Mayawati said that the prices of essential items like petrol, diesel and cooking gas (LPG) are increasing in an uncontrolled manner after government control over the prices were removed

Petrol and diesel in Delhi remained constant at Rs 90.58 and Rs 80.97 a litre, respectively, while they stayed at Rs 97 and Rs 88.60 per litre in Mumbai

Fuel rates today: In Mumbai, petrol has neared Rs 100-mark. As of February 20, the cost of one litre of petrol has reached Rs 97 per litre after an increase of 38 paise on Saturday

Regular petrol rate crossed the Rs 90 mark for the first time in Delhi at Rs 90.19 per litre as against Rs 89.88 on Thursday, while diesel price climbed to Rs 80.60 a litre, as per data from the Indian Oil Corporation website

The fuel rates were increased by 32-34 paise per litre across metros, as per the price notification issued by state-owned oil marketing companies.

As petrol crossed the Rs 100 per litre mark, PM Narendra Modi  said the middle-class would not have been burdened if the previous governments had focused on reducing India's energy import dependence. While avoiding a direct reference to the constantly increasing fuel prices, PM Modi said that India imported more than 85 per cent of its oil requirements and 53 per cent of its gas needs in FY20. Watch the video for more details.

The petrol price in Delhi has been hiked to a record Rs 89.88 per litre, while diesel rate climbed to Rs 80.27 a litre. In Mumbai, petrol and diesel prices have been increased to Rs 96.32 and Rs 87.32 per litre, again at record highs

According to Indian Oil Corporation data, the retail price of non-premium petrol at Ganganagar touched Rs 100.13 per litre on February 17, and in MP's Nagarabandh it is at Rs 100.40 per litre