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BusinessToday.In
July 8, 2018
Last month, petroleum prices were cut 14 times after hitting an all-time high of Rs 78.43 a litre for petrol and Rs 69.31 for diesel on May 29. Petrol price dropped by Rs 2 a litre and diesel by Rs 1.46.


BusinessToday.In
New Delhi, July 5, 2018
The three state-owned fuel retailers, IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had not revised petrol and diesel prices since June 26 before which it was on a steady decline.


PTI
New Delhi, June 29, 2018
If petrol, diesel are to be brought into GST, then states will be allowed the levy taxes on top of 28 per cent to prop up revenue. It will take some time to include petrol, diesel in GST as the states have divergent views, Modi said.


Anilesh S Mahajan
New Delhi, June 27, 2018
In the face of widespread criticism over its decision to tax petroleum products heavily, interim finance minister, Piyush Goyal blamed the UPA and its mismanagement of finances.


BusinessToday.In
New Delhi, June 25, 2018
Fuel prices continued to either dip or remain stagnant from May 30. On Sunday, petrol prices across the country were slashed by 14-17 paise, while diesel fell by 7 paise.


PTI
New Delhi, June 14, 2018
After hitting an all-time high of Rs 78.43 a litre for petrol and Rs 69.31 for diesel on May 29, rates have been cut on 14 occasions thereafter as international oil prices softened and the rupee strengthened against the US dollar.


BusinessToday.In
New Delhi, June 14, 2018
Inflation in vegetables climbed to 2.51 per cent in May, while for 'fuel and power' basket, inflation rose sharply by 11.22 per cent in May from 7.85 per cent in April.


BusinessToday.In
New Delhi, June 11, 2018
As per the Indian Oil Corporation data, petrol and diesel prices have been slashed for the 13th consecutive day -- after it touched record high of Rs 78.43 on May 29 -- by over Rs 1.80, while diesel by Rs 1.38.


BusinessToday.In
June 10, 2018
In last 12 days, the petrol price has come down by Rs 1.65 paise - in the national capital -  from its record high of Rs 78.43 on May 29. Before slashing the prices, oil marketing companies had hiked the fuel cost for 16 consecutive days - from May 13 to May 29, petrol price was raised by Rs 3.8 and diesel by Rs 3.38 per litre.


www.businesstoday.in
June 6, 2018



BusinessToday.In
June 3, 2018
In last five days, petrol price in Delhi has come down by 32 paise from its record high of Rs 78.43 on May 29. But, the reduction amount is still lower than what the oil marketing companies hiked in 16 consecutive days - from May 13 to May 29, petrol price was raised by Rs 3.8 and diesel by Rs 3.38 per litre.


BusinessToday.In
June 2, 2018
Last month, petrol and diesel prices hit a record high due to rise in international crude oil cost. However, the crude prices witnessed a marginal cut earlier this week after Saudi Arabia and Russia announced that they were willing to lift supply curbs that had pushed crude prices to their highest since 2014.


BusinessToday.In
New Delhi, May 31, 2018
The Indian economy grew at 6.7 per cent during the financial year 2017-18, while the rate of growth rose to 7.7 per cent during the quarter ended March, GDP estimates released by the government showed.


BusinessToday.In
New Delhi, May 30, 2018
Rahul Gandhi asked if the price cut of 1 paisa was a prank and said that it was in poor taste.


BusinessToday.In
May 30, 2018
Hours after oil-marketing companies cut the price of petrol and diesel by 1 paisa owing to a fall in global crude oil rates, the state government of Kerala reduced the tax levies on fuel by Re 1.


www.businesstoday.in
May 30, 2018



BusinessToday.In
May 29, 2018
The government is facing flak over its inability to come up with some formula to contain the prices. However, the options before the current dispensation are limited. The opposition is calling for excise duty cut on fuels which the Centre does not want to do for fear of slipping on fiscal deficit target.


BusinessToday.In
New Delhi, May 28, 2018
Fuel prices have continued to scale new peaks for 15th day in a row today. Petrol is now up by close to Rs 4 per litre since the 19-day pre-Karnataka poll hiatus ended on May 13 while diesel is up by over Rs 3 per litre.


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 27, 2018
Fuel prices were hiked for the 14th day in a row on Sunday, with unbranded petrol being sold at Rs 78.12 in Delhi, increased from Rs 77.97. Diesel prices in the national capital were also hiked today to Rs 69.06 from Rs 68.90 seen yesterday.


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