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Prosenjit Datta
New Delhi, May 28, 2018
While IBC and GST are game changers, most policy moves of the Modi government in four years are work in progress


BusinessToday.In
May 28, 2018
The Central government levies Rs 19.48 excise duty on a litre of petrol and Rs 15.33 on diesel. States charge value added tax that varies from state to state. In Delhi, VAT on petrol is Rs 16.41 and on diesel Rs 10.05.


BusinessToday.In
New Delhi, May 26, 2018
While bringing petroleum products under the GST regime is being touted as a possible way to control the rising petrol and diesel prices, Bihar Finance Minister Sushil Modi has said that this move will not make much of a difference.


PTI
May 26, 2018



BusinessToday.In
May 26, 2018
Finance Minister Arun Jaitley said that the ten years of the UPA rule had unquestionably witnessed the most corrupt government since Independence. 


BusinessToday.In
New Delhi, May 24, 2018
The ministry plans to direct ONGC to sell its crude oil at below ruling international prices by capping the price at, say, $70 for the entire fiscal year. Oil India Ltd, the country's second largest hydrocarbon exploration and production PSU, will not be a part of this scheme.


BusinessToday.In
May 24, 2018
There seems to be no respite from the boiling fuel prices in the country. On Thursday, the price of petrol touched Rs 85 per litre in Mumbai while diesel was retailing at Rs 72.96.


BusinessToday.in
New Delhi, May 23, 2018
The prices of petrol and diesel have skyrocketed recently. Meanwhile, the opposition parties also accused the Centre of inaction on the issue of hike in fuel prices. BusinessToday.In Editor Rajeev Dubey tells what best the government can do to check the rising prices.


BusinessToday.in
New Delhi, May 23, 2018
After the prices of petrol and diesel hit an all-time high, the government is scrambling to contain the rising prices. Anger is running high among people across the country and opposition parties also took the NDA-led government to task on the issue. The government also hiked excise duties on fuels a dozen times in the past few years. Watch BusinessToday.In's video to find out how the consumers have reacted to the hike across the country.


Karan Dhar & Mudit Kapoor
May 24, 2018
Even as the clamour grows for a cut in central excise duty to bring down skyrocketing petrol and diesel prices, the oil marketing companies (OMCs) seem to have got the most bang for their buck ever since the Modi government came to power.


BusinessToday.in
New Delhi, May 23, 2018
Gone are the days when an increase in petrol and diesel prices was announced every few months and opposition parties gathered together to stage a protest against it. What we are seeing now is almost a daily increase in fuel prices. The trend had started in June last year when oil marketing companies started revising rates on a weekly basis. Today fuel prices have touched an all-time high. BusinessToday.In Editor Rajeev Dubey talks about two options that are available to the government to contain the rising fuel prices.


BusinessToday.In
May 23, 2018
Moody's said Oil and Natural Gas Corp and Oil India face increasing risk that govt will require them to share in fuel-subsidy burden, as oil prices rise. Firms have not contributed to fuel subsidies since June 2015, but had paid for over 40 percent  of the annual subsidy bill in previous years, Moody's said.


PTI
May 23, 2018



BusinessToday.In
May 23, 2018
A tougher option could be to finally bring petrol and diesel under GST, which has been dangled as a lollipop for a long time. Even at a prohibitive 18 per cent tax rate, petrol would barely cost Rs 45.75 per litre.


PTI
May 22, 2018



PTI
May 22, 2018



Karan Dhar & Mudit Kapoor
May 23, 2018
It is no secret that petrol and diesel in India are heavily taxed. But how much more (or less) do Indians pay when it comes to buying a litre of fuel?


Rajeev Dubey
New Delhi, May 21, 2018
India's crude basket which was at $52.49 in April 2017 is now well over $72. If crude gets to $100, India's price could be $93 for the full year, according to a report released by the SBI. That's nearly double of 2016-17.


BusinessToday.In
May 22, 2018
Interestingly, while the retail prices have gone up, the price at which the fuel is sold to petrol pump dealers has come down drastically since 2013.


PTI
May 21, 2018



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