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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.


Manu Kaushik
New Delhi, May 28, 2018
The aviation sector is facing fresh headwinds. Rising crude oil prices and intensified competition are hurting airlines.


PTI
May 28, 2018
In Delhi, VAT on petrol was Rs 15.84 a litre, and Rs 9.68 on diesel in April. Today it is Rs 16.64 on petrol and Rs 10.17 a litre on diesel.


Anilesh S. Mahajan
New Delhi, May 28, 2018
As the NDA government enters its final year, there is a long unfinished agenda that it may not be able to implement by 2019.


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.


Reuters
May 26, 2018
Pakistan expects to obtain fresh Chinese loans worth $1-2 billion to help it avert a balance of payments crisis, Pakistani government sources said, in another sign of Islamabad's growing reliance on Beijing for financial support.


BusinessToday.In
New Delhi, May 25, 2018
The US is investigating price manipulation in cryptocurrencies; upstream oil producers such as ONGC and Oil India may have to bear the brunt of a windfall tax as part of the \"long term\" solution that the government appears to be working on to contain rising fuel prices and top I-T officers probing Nirav Modi scam under CBI scanner. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


Prosenjit Datta
New Delhi, May 25, 2018
The problem, as the current set of ministers have found out, is that it is always easy to protest while in Opposition - but not so easy to take steps to cool prices when you are in the government.


BusinessToday.In
May 24, 2018
Here are some of the options before the government to rein in rising fuel prices.


BusinessToday.In
New Delhi, May 24, 2018
Homebuyers will now be treated on par with financial creditors and lenders after the Union Cabinet approved amendments to the Insolvency and Bankruptcy Code; even as petrol and diesel prices are on fire, the government is still to come up with a solution to this rampaging price rise and rising current account deficit due to crude price hikes has weakened the rupee further against the dollar. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


PTI
New Delhi, May 24, 2018
Once petrol and diesel are brought under the ambit of GST, its threshold will change, because right now, taxes upon taxes are levied which increases rates. GST will ensure a single tax, says Fadnavis.


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
After Karnataka polls, the overall increase in the prices of petrol has been Rs 2.84 per litre whereas diesel has gone up by Rs 2.60 during the same period.


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
The broader NSE Nifty closed 1.01 percent or 106 points lower at 10,430.35, while the benchmark BSE Sensex fell 0.88 percent or 306 points to 34,344.91. Both the indexes fell over 1 percent in the last hour of trading.


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.


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