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Excise duty on petrol hiked by record Rs 10, diesel by Rs 13 per litre; move aimed at raising revenues due to tight fiscal conditions
•Special additional excise duty on petrol has been hiked by Rs 2 per litre and road cess has been hiked by Rs 8 a litre.
Higher IIP numbers signal good news for the economy but inflation battle isn't over yet
Madan •Maybe the oil economics which becomes clearer next month will give final direction for the rupee as well as future inflation.
GST on petrol, diesel: 28% tax plus VAT on anvil; structure in works will leave rates almost at current levels
•GST 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.
Petrol, diesel rates: After thirteen serial cuts, prices left unchanged for two successive days
•Petrol and diesel price were last revised on 12 June when they were cut by 15 paise and 10 paisa a litre, respectively
India's fuel demand rose a meagre 3.8% in May as frequent price hikes dented petrol, diesel consumption
•The primary reason for this small growth was the increase in retail selling price after state-owned oil firms lifted pre-Karnataka poll hiatus to resume daily price revisions from 14 May
Fuel crisis: Hit by rising transport prices, Maharashtra's farmers would rather let the tomato crop rot in the fields
Sulekha_nair •Maharashtra's farmers are a worried lot. Diesel now costs Rs 73.64 in Mumbai. By comparison, it sells at Rs 69.17 in Delhi.
Petrol, diesel prices: IOC chief Sanjiv Singh says oil firms froze fuel rates to ease consumer pain
•State-owned oil firms have since 24 April not changed petrol and diesel prices despite benchmark international product rates going up by nearly $3 per barrel.
Petrol prices dropped by Rs 0.74 per litre while diesel reduced by Rs 1.30 per litre
Overdrive •The present prices of petrol and diesel in Mumbai are Rs 65.63 per litre and Rs 53.49 respectively
Petrol prices raised by Rs 3.07 per litre while diesel hiked by Rs 1.90 per litre
Overdrive •The present prices of petrol and diesel in Mumbai are Rs 65.79 per litre and Rs 55.06 respectively
Petrol prices dropped by Rs 3.02 per litre while diesel hiked by Rs 1.47 per litre
Overdrive •New prices will be brought into effect from 12am tonight