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

\"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

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

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

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

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

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

LPG cylinder price hike: A rise in LPG prices comes at a time when petrol and diesel rates are on a rising spree across the country

After a 28 paise rise on Sunday morning, the per-litre rate of petrol with additives for retail sale crossed Rs 100

Petrol price was increased by 29 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers

Police picked up Disha from her house in Soladevanahalli area of the city. However, Bengaluru police remained tightlipped about the operation

The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) business value chain, according to the firm's third quarter earnings announcement

Pulwama attack anniversary: February 14 marks two years of the deadly attack when terror group Jaish-e-Mohammad's (JeM) suicide bomber Adil Ahmad Dar rammed his explosive-laden car into a CRPF convoy, killing 40 Indian soldiers