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DIESEL OIL
Ceasefire fails to ease pressure on chemical exporters; 50% trade still at riskIndia's chemical exporters are struggling despite a ceasefire. Supply chains remain disrupted, and costs are high. Shipping through the Gul...- Excise duty cut fails to offset oil marketing companies' losses amid rising crude prices: NomuraDespite a government excise duty cut on petrol and diesel, oil marketing companies may continue to incur negative marketing margins. Rising...
- Steel Ministry flags industry concerns over LPG suppliesSteel plants face LPG shortages. The Steel Ministry has raised this issue with the Petroleum Ministry. The Iran war has reduced gas availab...
- Pakistan hikes petrol, diesel price by PKR 35; Petrol selling at 250 per litre & diesel at 262Ishaq Dar made the announcement in a televised address on Sunday. He said that the price of kerosene oil and light diesel oil were increase...
- Madhya Pradesh levies highest tax on petrol, Rajasthan on diesel: Oil Minister Hardeep Singh PuriWhile the central government levies a fixed excise duty of Rs 32.90 a litre on petrol and Rs 31.80 a litre on diesel, states charge an ad v...
- Meghalaya reduces petrol and diesel prices by Rs 5.54 per litreMeghalaya has announced a reduction of prices by at least Rs 5.54 per litre on petrol and diesel. Recently Meghalaya has cut petrol diesel ...
- Petrol, diesel to become cheaper by Rs 5 in Assam from midnight; liquor to be cheaper by 25 pcAssam finance minister Himanta Biswa Sarma, while presenting the vote on account on Friday, said that 25 per cent additional cess on liquor...
- Rahul Gandhi has questions lined up for govt in ParliamentThe questions have been posed to the Finance Minister and the Food and Public Distribution Minister. Gandhi has been active in asking quest...
- Assam, Nagaland, Meghalaya and Arunachal Pradesh may levy COVID cess on liquorAssam finance minister, Himanta Biswa Sarma said, “We had an informal discussion with these states and we may increase the tax on liquor. T...
- Nagaland levies COVID-19 cess of Rs 5 per litre for diesel and Rs 6 for petrol and motor spiritThis notification shall come into force with effect from midnight of April 28.
- Indian Railways’ first waste to energy plant commissionedThe plant has a catalytic converter and it converts the waste materials into light diesel oil, gas, carbon powder and water through ‘Polycr...
- Rly commissions govt's first waste to energy plant; to turn e waste, plastic into light diesel oilThe foot print of the plant is small hence the area required for installing it is less when compared with conventional method of processing...
- Labour ministry extends public utility service status for products related to oilThis include production and manufacturing of mineral oil, motor and aviation oil, diesel and kerosene for six months.
- Tax rates for subsidised kerosene & cooking gas rose up to 5%: Oil MinistryIn many other states, tax rates remained unchanged or rose just a bit. The GST rate is 5% on domestic cooking gas, and 18% on non-domestic ...
- Government collects Rs 69,809 crore via petrol, diesel cess in 2015-16It collected Rs 17,217 crore through cess on Motor Spirit (Petrol) and Rs 52,592 crore via cess on High Speed Diesel Oil, Santosh Kumar Gan...
- Government relaxes norms for diesel import through old shipsThe government has relaxed norms for import of high-speed diesel and light diesel oil through old ships and vessels that are coming to Indi...
- Fuel products contribute 60 pc of central excise revenueAs per the CAG report, while motor spirit account for 24.12 % of the government's total excise revenue, refined diesel oil's share was 22.4...
- China hikes gasoline, diesel pricesChina has raised the prices of gasoline, diesel oil and aviation kerosene by almost 10 per cent amidst shortages to cut losses for oil firm...
- Easier access to light diesel oil for industriesIndustries would not be required to obtain a licence to sell or purchase light diesel oil (LDO) for industrial applications.
- 'India needs to increase strategic oil reserves'The country needs to increase its strategic reserves and also strengthen oil diplomacy with both oil producing and consuming nations to mak...
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