Petrol Archives - National Times

25 May

Fresh Fuel Price Hike Hits Consumers as Petrol, Diesel Rates Climb for Fourth Time in 10 Days

Rajeev Sharma0 CommentsIndia, TrendingDiesel, Petrol

New Delhi (Rajeev Sharma): Indian consumers woke up to another increase in fuel prices on Monday as state-owned oil marketing companies announced a fresh revision in petrol and diesel rates, marking the fourth hike within a span of just ten days. The latest move comes against the backdrop of continuing unrest in West Asia and persistent uncertainty in global crude supply chains linked to the Iran crisis. Under the revised rates, petrol prices have gone up by Rs 2.61 per litre, while diesel has become costlier by Rs 2.71 per litre. In the national capital, petrol is now being sold…

19 May

Petrol, Diesel Rates Revised Upward Again Amid Global Oil Market Pressure

Rajeev Sharma0 CommentsIndia, TrendingDiesel, Petrol

New Delhi (Rajeev Sharma): Consumers across India woke up to another increase in petrol and diesel prices on Tuesday as state-owned fuel retailers announced a fresh revision, marking the second upward adjustment within a week. The latest increase of nearly 90 paise per litre (Diesel prices increased by 91 paise per litre and petrol by 87 paise per litre) has taken petrol prices in Delhi to ₹98.64 per litre, while diesel now costs ₹91.58, adding further pressure on household budgets and transport costs. The revision follows Friday’s ₹3-per-litre hike, which ended a long freeze on fuel prices that had remained…

15 May

CNG prices hiked by Rs 2 per kg amid Hormuz tensions; auto and cab fares may rise

Gurpreet Singh0 CommentsEntertainment, India, TrendingDiesel, Fair Price, Fuel, Increased, Petrol, Price

Gurpreet Singh :- As petrol and diesel prices continue to remain high, consumers have now been hit by another increase in fuel costs with compressed natural gas (CNG) prices rising in major cities, including Delhi and Mumbai. The latest hike comes amid growing global tensions around the Strait of Hormuz , a key international energy trade route, which has disrupted gas supply chains and pushed up fuel costs worldwide. New CNG rates in Delhi and Mumbai In the national capital, the price of CNG has been increased from Rs 77.09 per kg to Rs 79.09 per kg. Meanwhile, in Mumbai, Mahanagar…

15 May

Breaking: Fuel Price Rise as Global Oil Shock Hits India, PM Modi Calls for Reduced Vehicle Use

Rajeev Sharma0 CommentsBusiness, India, TrendingDiesel, Petrol

New Delhi (Rajeev Sharma): fresh surge in fuel prices has hit consumers across India as instability in the Middle East continues to disrupt global crude oil markets. The revised rates have pushed petrol prices up by Rs 3 per litre, moving from Rs 94.77 to Rs 97.77, while diesel has climbed from Rs 87.67 to Rs 90.67 per litre. The increase follows rising international crude prices triggered by escalating tensions in key oil-producing regions. Analysts say uncertainty over supply routes and production levels has forced importing nations to brace for higher energy costs, with India among the countries feeling the…

27 Mar

Government Eases Fuel Burden, Cuts Excise Duty on Petrol and Eliminates It on Diesel

Gurpreet Singh0 CommentsIndia, TrendingPetrol

New Delhi (Gurpreet Singh): In a significant step aimed at softening the impact of rising global oil prices, the Centre has announced a steep reduction in excise duties on petrol and diesel across India. Under the revised structure, excise duty on petrol has been reduced to ₹3 per litre from ₹13, while diesel will now attract no central excise duty, down from ₹10 per litre. The move is expected to bring down retail fuel prices and offer relief to consumers grappling with inflation. The decision comes at a time when international energy markets remain under pressure due to ongoing geopolitical…

07 Apr

Govt Raises Excise Duty on Petrol, Diesel by Rs 2; Retail Prices Unchanged

Rajeev Sharma0 CommentsIndiaDiesel, Petrol

New Delhi (National Times): In a notable fiscal move, the central government has increased the excise duty on petrol and diesel by Rs 2 per litre each, even as global crude prices hit a four-year low. The hike comes at a time when Brent crude oil has dipped below $55 per barrel, driven by a slowdown in global demand and oversupply concerns. According to a notification issued by the Department of Revenue, Ministry of Finance, the revised excise rates will come into effect from April 8, 2025. Despite the duty increase, the retail prices of petrol and diesel will remain…