\"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

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

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

As per the RBI, headline CPI inflation averaged 3.9 per cent in India during October  2016  to  March  2020 (excluding Covid-19 period) with a decline in inflation  volatility, which shows the success of flexible inflation targeting

Accepting that the government has missed its disinvestment target over the last few years, Sitharaman said pandemic affected its plans in FY20, while a slowing economy and lack of appetite hit in FY19.

Stock Market News Updates Today: Sectorally, all the other indices were trading with decent gains. Metal index was up 2.5%, while private, PSU Bank and financial indices rose 1.5% to 2% today

Crude stockpiles rose by 1 million barrels in the week to Feb. 19, the American Petroleum Institute (API) reported on Tuesday, against estimates for a draw of 5.2 million barrels in a Reuters poll

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

The growth momentum, however, needs to strengthen further for a sustained revival of the economy and for a quick return of the level of output to the pre-COVID trajectory, Das said.

Although banks have bolstered their capital buffers in comparison to the global financial crisis, the stress in the financial sector's balance sheets could intensify, noted MPC member Michael Debabrata Patra

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

Sitharaman was asked about her role models and her dreams when she replied, \"Absolutely sweet question\"

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

The survey revealed that 79 per cent of the respondents felt that the central and state governments should reduce tax on fuel price

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

Sonia Gandhi said that the central government has unreasonably levied excise duty on petrol and diesel by Rs 33 and Rs 32, respectively, which is higher than the base price of these fuels