Excise duty cut on petrol and diesel

<!-- -->Windfall tax to recoup most of Rs 1 lakh crore revenue lost in excise cutsNew Delhi: The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue the…

<!-- -->Fitch has said greater Russian crude import will insulate oil companies from lossesNew Delhi: Higher than usual imports of Russian oil at significant discounts to market prices may limit near-term working capital needs of fuel…

<!-- -->A brokerage report has said that RBI may go in for another repo rate hike next weekMumbai: The Reserve Bank of India (RBI) is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy…

<!-- -->Petroleum Minister Hardeep Puri has said oil companies are staring at under-recoveriesNew Delhi: With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing…

<!-- -->Daily gasoil sales of state refiners declined in MayNEW DELHI: Daily gasoil sales of Indian state refiners declined in May from April as lower consumer spending curtailed truck movement in the country, preliminary fuel sales…

<!-- -->Petrol, Diesel Prices: Fuel rates remained unchanged across four metro citiesPetrol, Diesel Prices Today: Fuel prices remained unchanged today on May 29, 2022 for the eighth day across the four metros.Petrol price in Delhi is…

<!-- -->Experts say that Government's steps to combat inflation may hurt GDP growthNEW DELHI: India's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening, but do little…

<!-- -->Private joint venture fuel retailer Reliance-BP has told Government that sales are unsustainableNew Delhi: RBML - the joint venture of Reliance Industries Ltd and supermajor BP - has told the Government that fuel retailing for…

<!-- -->Finance Minister Nirmala Sitharaman has said excise duty cut on fuel prices is borne by CentreA day after Government announced excise duty cut in petrol and diesel prices, Finance Minister Nirmala Sitharaman on Sunday said…

<!-- -->Government plans to borrow Rs 2 lakh crore in the current fiscal to combat inflationNEW DELHI: Government is considering spending an additional Rs 2 lakh crores ($26 billion) in the current fiscal to cushion consumers from…