Diabytes
Petrol News
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Diesel, which is the most widely used fuel in the country as an input in both the farm and transport sectors, registered a 1.6% increase to 8.11 million metric tons in June this year compared to the same month in the previous year.
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The lower crude oil prices will reduce the cost of production for oil refining and marketing companies such as Indian Oil and Bharat Petroleum and increase their retail margins. This will enable the government to raise more revenue from an excise duty hike without increasing the burden on consumers.
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Petrol Diesel Price: Moreover, the government has also withdrawn the Road and Infrastructure Cess (RIC) on the export of petrol and diesel.
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Cooking gas LPG sales were up 7.5 per cent year-on-year at 2.82 million tonnes in October 2024. LPG consumption is now 13.1 per cent higher than in October 2022.
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Ethanol prices, set by the government, have not been raised since the 2022-23 ethanol supply year (November-October).
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The Petroleum Secretary also said that government is mulling removal of windfall tax, stating that India's oil ministry is in talks with the finance ministry regarding the same.
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Here is the price of petrol, and diesel today, i.e. March 15, 2024, in your city:
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The revised rates will come into effect from 6 AM on Friday.
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The Christmas and New Year holidays saw a substantial influx of tourists in Himachal Pradesh and Uttarakhand, leading to traffic jams in picturesque locations.
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India had first imposed windfall profit taxes on July 1, 2022, joining a growing number of nations that tax the supernormal profits of energy companies.
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Government revises windfall tax on these commodities on a fortnightly basis.
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Petrol sales rose 5.1 percent to 2.65 million tonnes in March when compared with the same period of last year.
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The phased rollout of 20 per cent ethanol blending in India will commence this April, the Union Ministry of Petroleum and Natural Gas said.
India has increased the ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in 2022.
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Whenever the rates of petrol and diesel increase, it is said by the government that the international market decides the price of oil. But when the prices of oil decrease in the international market, the petroleum companies and the government make various excuses to reduce the prices of petrol and diesel.
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In Bhopal, petrol costs Rs 108.65 per litre and Diesel costs Rs 93.90 per litre
In Mumbai, Petrol costs Rs 106.31 per litre and Diesel Rs 94.27 per litre.
Petrol costs Rs 101.94 per litre and Diesel Rs 87.89 per litre in Bengaluru.
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Here is the price of petrol, and diesel today, i.e. October 27, 2022, in your city:
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In Mumbai, petrol costs Rs 106.31 per litre.
In Delhi, Diesel costs Rs 94.27 per litre.
In Lucknow, petrol costs Rs 96.57 per litre.
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In Mumbai, petrol costs Rs 106.31 per litre
In Delhi, Diesel costs Rs 94.27 per litre.
In Lucknow, petrol costs Rs 96.57 per litre.
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Union Minister Hardeep Puri cited recent launch of Toyota's first-of-its-kind pilot project on flex-fuel - a strong hybrid electric vehicle (FFV-SHEV) that can run on 100 per cent ethanol.
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It is reducing 2.7 million tonnes of CO2 emissions which is good for the environment.
BP estimates that India`s energy demand will double, while natural gas demand is expected to grow five-fold by 2050.
It is high time that the oil and gas sector take advantage of the digital transformation.
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