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BusinessToday.In
October 6, 2018
Fuel rates saw a marginal increase after excise duty cut by Centre, VAT reduction by BJP-ruled states and Re 1 price cut by oil marketing companies coming into effect.


BusinessToday.In
New Delhi, October 5, 2018
In an unexpected move, the Monetary Policy Committee of Reserve Bank of India (RBI) on Friday kept the repo rate unchanged at 6.5 per cent. The MPC changed the stance from 'neutral' to 'calibrated tightening'


BusinessToday.In
October 5, 2018
The Reserve Bank of India's (RBI) monetary policy committee (MPC) will announce its key policy decision later this afternoon.


BusinessToday.In
New Delhi, October 5, 2018
According to analysts the development was a huge negative surprise also because it is likely to be construed as reversal of the autofuel price deregulation policy by investors, and return to the erstwhile subsidy sharing mechanism.


BusinessToday.In
New Delhi, October 5, 2018
The Centre has reduced the central excise duty levied on fuel by Rs 1.50 and asked the oil marketing companies to cut another Re 1 per litre. Around 14 states have also cut VAT on fuel so far.


PTI
October 4, 2018



Anilesh S Mahajan
New Delhi, October 4, 2018
Though in consumer interest, the move brings out the question: Is this the end of reforms in the pricing of petroleum products, which took nearly eight years to take shape?


PTI
October 4, 2018



PTI
October 4, 2018



BusinessToday.In
October 5, 2018
The price of petrol and diesel in Uttar Pradesh's Noida and Hayrana's Gurgaon will now be cheaper than that in Delhi.


Dipak Mondal
New Delhi, October 4, 2018
Finance Minister Jaitley said that since the VAT is applied ad valorem with every increase in crude prices states earn more in revenue compared to the centre for which the tax remains fixed.


PTI
October 4, 2018



BusinessToday.In
October 4, 2018
The state governments in Maharashtra, Gujarat, Chhattisgarh, Jharkhand and Tripura today reduced the prices of petrol and diesel by Rs 2.5.


BusinessToday.In
October 4, 2018
Finance Minister announced a decline of Rs 1.50 in excise duty levied on petrol and diesel, and will notify the OMCs to deduct their prices by Re 1 to ease the burden on customers.


BusinessToday.In
New Delhi, October 4, 2018
Anil Ambani claims TDSAT nod for sale of spectrum; to pay Ericsson Rs 550 crBillionaire Anil Ambani-led Reliance Communications said on Wednesday that the telecom tribunal has allowed it to complete its planned spectrum sale, the proceeds from which will be used to pay Ericsson India and Reliance Infratel (RITL) minority investors. The debt-ridden firm said in a regulatory filing to the BSE that it will receive Rs 975 crore from sale of spectrum, and that it will pay Ericsson Rs 5...


BusinessToday.In
New Delhi, October 4, 2018
The global trends in oil are also disturbing. Brent on Wednesday had hit a four-year high of $86.74 a barrel. However, prices fell a bit after the US raised inventories and sources said Russia and Saudi Arabia struck a private deal in September to raise crude output.


Nevin John
October 3, 2018
The Indian oil refiners buy Iranian crude at $3-5 a barrel discount to the other crude grades in the Middle East. The benefits include the $2-4 discount for a barrel of crude; $1 a barrel freight subsidies; and the extended payment facilities.


BusinessToday.In
New Delhi, October 2, 2018
This year alone, petrol and diesel prices have been spiked by Rs 13.76 and 15.39, respectively, in the national capital. Prices have seen the similar hike in other metro cities as well.


BusinessToday.In
New Delhi, October 1, 2018
Brent crude oil has also hit an all-time high of $83.24 since November 2014 as the United State's sanctions against Iran oil import kickstart from the next month.


BusinessToday.In
New Delhi, September 28, 2018
In Delhi, which has the lowest fuel prices among all metros, petrol has seen an increase of Rs 13.03 since January 1, while diesel has been up Rs 14.54. The situation is similar in all metropolitan cities.


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