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Jun 26, 2018
Council to decide on inclusion of natural gas, ATF in GST: Finance Secretary Hasmukh AdhiaDays before the game changer Goods and Services Tax (GST) completes one year, the government on Tuesday said natural gas and jet fuel (ATF) are 'natural' and 'easier' candidates for inclusion in the indirect tax regime.
Jun 20, 2018
GST on petrol, diesel: 28% tax plus VAT on anvil; structure in works will leave rates almost at current levelsGST on petrol and diesel could remedy high fuel prices only if the Centre and the states levy a pure GST of 28%, devoid of additional VAT or a cess.
May 23, 2018
Aviation turbine fuel price hike may lead to increase in air fares, say expertsThe nearly 30 percent increase in aviation turbine fuel (ATF) over the last one year could compel domestic airlines to go for a upward fare revision to offset the increased cost of operations, according to experts
May 14, 2018
India's fuel demand up 4.4% in April on surge in petrol, diesel, cooking gas consumptionFuel demand rise was led by a 9.2 percent surge in petrol sales at 2.28 million tonnes. Diesel, which makes up for roughly 40 percent of all the petroleum product consumed in the country, posted a 2.6 percent growth in consumption at 7.15 million tonnes
Jan 28, 2018
This is the $500 flamethrower from Elon Musk’s The Boring Company; available on pre-order nowThe company is not only selling a flamethrower but in addition to that, it offers a $30 branded fire extinguisher for “exorbitant amounts of money”.
Nov 01, 2017
Price of non-subsidised LPG hiked by Rs 93; subsidised cooking gas to cost Rs 4.50 moreThe government last year had asked state-run oil firms to raise prices of LPG cylinders every month to eliminate all the subsidies by March next year
Oct 02, 2017
Aviation turbine fuel price raised 6%, cooking gas by Rs 1.50 per cylinderA subsidised 14.2-kg LPG cylinder will now cost Rs 488.68 in Delhi as against Rs 487.18 previously, IOC said.
Jun 27, 2017
GST from 1 July: Natural gas may be included in new tax regime, likely to benefit ONGCCurrently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from 1 July
Jun 15, 2017
Oil Minister Dharmendra Pradhan invites RIL, BP to invest in fuel retailingWhile RIL already has a fuel retailing license and has some 1,400 petrol pumps on the ground, BP last year got approval to set up petrol pumps in India
Mar 08, 2017
Aviation stocks soar as Delhi govt cuts tax on jet fuelShares of Jet Airways soared 3.07 percent, SpiceJet climbed 2.86 percent while IndiGo's parent company InterGlobe Aviation rose 2.26 percent on BSE.