As petrol skyrockets to Rs 100, PM Modi blames previous govts for not cutting import dependence
3 years, 10 months ago

As petrol skyrockets to Rs 100, PM Modi blames previous govts for not cutting import dependence

India TV News  

On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi on Wednesday said the middle-class would not have been burdened if the previous governments had focussed on reducing India's energy import dependence. Without referring to the relentless increase in retail fuel prices, which are linked to international rates, he said India imported over 85 per cent of its oil needs in the 2019-20 financial year and nearly 53 per cent of its gas requirement. The focus now is also towards using renewable sources of energy, which will by 2030 form 40 per cent of energy generated in the country, he said. Also, the government is working towards raising the share of natural gas in the energy basket to 15 per cent from the current 6.3 per cent and is committed to bringing it under the Goods and Services Tax regime to eliminate cascading effect of multiple taxes, he added.

India Energy Cent Petrol Import Import Dependence Energy Import Dependence  govts  modi  dependence  middleclass  import  previous  blames  petrol  cent  sources  oil  skyrockets  prices  energy  rates  rs  cutting

History of this topic

Large part of ₹11 trillion capex for FY25 to flow into energy sector: PM Modi
11 months, 1 week ago

Large part of ₹11 trillion capex for FY25 to flow into energy sector: PM Modi

Live Mint  

Goa: The Centre will allocate a substantial part of the budgeted capital expenditure for fiscal year 2024-25 to the energy sector, as the country strives to meet rapidly growing demand and achieve climate goals, Prime Minister Narendra Modi said on Tuesday. India's energy demand is projected to double by 2045, placing the country at the helm of shaping global energy …

India will see investment of USD 67 billion in energy sector in next 5-6 years: PM Modi
11 months, 1 week ago

India will see investment of USD 67 billion in energy sector in next 5-6 years: PM Modi

India TV News  

Prime Minister Narendra Modi announced on Tuesday that India is poised to witness a staggering investment of USD 67 billion in the energy sector over the next 5 to 6 years. Highlighting India's robust economic growth, currently exceeding 7.50 per cent, Modi emphasised the nation's imminent ascension to the rank of the world's third-largest economy. Modi said, "In the next …

PM Modi promises fuel price review if BJP wins in Rajasthan
1 year, 1 month ago

PM Modi promises fuel price review if BJP wins in Rajasthan

Hindustan Times  

Prime Minister Narendra Modi on Monday promised that, if elected, a BJP government in Rajasthan would review the prices of petrol and diesel, aiming to provide relief to the poor and middle-class citizens. But the Congress government in Rajasthan sells petrol at higher prices.” “I give a guarantee that after the BJP government is formed, the prices of petrol and …

PM Modi hails nation’s green energy potential
1 year, 10 months ago

PM Modi hails nation’s green energy potential

Hindustan Times  

Prime Minister Narendra Modi on Thursday said that the business potential for India’s private sector in solar, wind and biogas energy is akin to that in a gold mine or an oilfield, and stressed that renewable energy sources could generate a huge number of green jobs in the years to come. “The potential of segments like solar, wind energy, and …

Modi underlines opportunities from renewable energy sources
1 year, 10 months ago

Modi underlines opportunities from renewable energy sources

The Hindu  

Prime Minister Narendra Modi said on Thursday that the potential of solar, wind and biogas in India is no less than any gold mine or oil field for our private sector. Addressing a webinar, Mr. Modi said that India’s future development would be based on three pillars for green growth and energy transmission. Referring to the global efforts for diversification …

'India's potential in green energy no less than a goldmine, invest here': PM Modi at 1st post-budget webinar
1 year, 10 months ago

'India's potential in green energy no less than a goldmine, invest here': PM Modi at 1st post-budget webinar

Hindustan Times  

Prime Minister Narendra Modi on Thursday sought investments in green energy sector saying that the country's potential in renewable energy is no less than a "goldmine". Addressing a webinar on various announcements made in the Union Budget 2023-24 on green growth, Modi said, "India will play an important role in green energy, I invite all stakeholders to invest in India." …

Top news of the day: February 06, 2023
1 year, 11 months ago

Top news of the day: February 06, 2023

The Hindu  

Third earthquake rocks Turkey, over 1,900 killed A 6.0 magnitude earthquake, which followed a powerful 7.8 magnitude quake that rocked wide swaths of Turkey and Syria, hit Turkey on Monday toppling hundreds of buildings and killing more than 1,900 people. The promoters’ decision to pre-payment will help release 11.77 million shares in Adani Transmission Ltd., 168.27 million shares of Adani …

India’s growing energy demand offers investment opportunities: PM Modi
1 year, 11 months ago

India’s growing energy demand offers investment opportunities: PM Modi

The Hindu  

India’s energy demand has significantly increased and in the coming years, it will reach 11% of the global demand as compared to 5% currently, said Prime Minister Narendra Modi while inaugurating India Energy Week 2023 in Bengaluru on Monday. Also, the country has a chunky class of aspirational population and energy would play an important role in fulfilling the aspirations …

PM Modi to inaugurate India Energy Week 2023 in February: Karnataka CM
2 years ago

PM Modi to inaugurate India Energy Week 2023 in February: Karnataka CM

Hindustan Times  

Prime Minister Narendra Modi will inaugurate India Energy Week 2023 to be celebrated in Karnataka in February next year, Chief Minister Basavaraj Bommai said on Sunday. PM Modi to inaugurate India Energy Week 2023 in February: Karnataka CM Speaking after inaugurating 3,000 KLPD Ethanol and Sugar factory of VIN Distilleries and Sugars Private Limited at Konanakeri village in Shiggaon taluk …

Petrol Prices Above Rs 100 In Mumbai, Kolkata, Chennai; Check Today's Fuel Rates Here
2 years, 1 month ago

Petrol Prices Above Rs 100 In Mumbai, Kolkata, Chennai; Check Today's Fuel Rates Here

News 18  

Fuel prices in the major cities of India remained unchanged for yet another day despite the ongoing fall in crude oil prices in the international market. In New Delhi, a litre of petrol costs Rs 96.72, whereas diesel is being sold at Rs 89.62 per litre. 96.72 per litre Diesel: Rs. 87.89 per litre Lucknow Petrol: Rs.Rs 96.57 per litre …

India achieved 10% ethanol blending target ahead of schedule: PM
2 years, 5 months ago

India achieved 10% ethanol blending target ahead of schedule: PM

The Hindu  

India, the world's third biggest oil importing and consuming nation, achieved the target to blend 10% sugarcane-extracted ethanol in petrol ahead of schedule, Prime Minister Narendra Modi said. Mr. Modi said India achieved the target of blending 10 per cent ethanol in petrol ahead of schedule. The target of supplying petrol mixed with 10% ethanol was achieved in June, ahead …

₹50,000 crore forex saved by blending ethanol with petrol in 7-8 years: PM Modi
2 years, 5 months ago

₹50,000 crore forex saved by blending ethanol with petrol in 7-8 years: PM Modi

The Hindu  

Prime Minister Narendra Modi on Wednesday said the country saved ₹50,000 crore in foreign exchange by blending ethanol with petrol in the last seven-eight years. Dedicating the second-generation ethanol plant of India Oil Corporation to the nation here, Mr. Modi said that the same amount of ₹50,000 crore has gone to farmers. Mr. Modi, who addressed the gathering through video-conferencing, …

India achieves 10% ethanol blending target ahead of schedule, says PM Modi
2 years, 7 months ago

India achieves 10% ethanol blending target ahead of schedule, says PM Modi

The Hindu  

India has achieved the target of 10% ethanol blending in petrol, five months ahead of schedule, Prime Minister Narendra Modi said on Sunday at event organised by the Isha foundation. This, he claimed, led to a reduction of 27 lakh tonnes of carbon emission, saved foreign exchange worth Rs 41,000 crore and that India's farmers earned Rs 40,600 crores in …

A squeeze on climate goals
2 years, 7 months ago

A squeeze on climate goals

Hindustan Times  

At the United Nations climate summit in Glasgow in November 2021, member countries reaffirmed the Paris Agreement’s goal of limiting the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit it to 1.5 °C. This, says an International Energy Agency report, could impact the profitability of the renewable energy industry and …

India trims taxes on fuel, commodities to fight inflation
2 years, 7 months ago

India trims taxes on fuel, commodities to fight inflation

Al Jazeera  

The steps will lead to a drop in annual revenues due to lower collections, raising concerns on India’s fiscal deficit. Finance Minister Nirmala Sitharaman announced on Saturday a cut in excise duty on petrol by 8 rupees per litre and 6 rupees per litre on diesel. The new tax regime on petrol and diesel could result in the government losing …

'It is Always People First for Us', Says PM Modi as Govt Announces Fuel Price Cut
2 years, 7 months ago

'It is Always People First for Us', Says PM Modi as Govt Announces Fuel Price Cut

News 18  

As Finance Minister Nirmala Sitharaman announced a sizeable cut in fuel prices, Prime Minister Narendra Modi said on Saturday that people are the first priority of his government. The government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers from high …

'People first for us': PM Modi after finance minister slashes fuel prices, offers LPG subsidies
2 years, 7 months ago

'People first for us': PM Modi after finance minister slashes fuel prices, offers LPG subsidies

Hindustan Times  

Reacting to Union finance minister Nirmala Sitharaman's announcements, particularly those on petrol and diesel, as well as subsidy on gas cylinders, prime minister Narendra Modi on Saturday said the decisions showed that for his government, 'it is always the people first.' “Today's decisions, especially the the one relating to a significant drop in petrol and diesel prices will positively impact …

'It is always people first for us': PM Modi reacts to price cut on petrol, diesel and LPG
2 years, 7 months ago

'It is always people first for us': PM Modi reacts to price cut on petrol, diesel and LPG

India TV News  

PM Modi's reaction to petrol, diesel price cut: Soon after Finance Minister Nirmala Sitharaman announced the price cuts on petrol, diesel and LPG, PM Narendra Modi said: "It is always people first for us." In a tweet, the PM added: "Today’s decisions, especially the one relating to a significant drop in petrol and diesel prices will positively impact various sectors, …

The big picture on fuel taxation
2 years, 8 months ago

The big picture on fuel taxation

Hindustan Times  

Prime minister Narendra Modi’s remarks on April 27, where he named some non-Bharatiya Janata Party ruled states and asked them to bring down taxes on petrol-diesel have expectedly created a political controversy. Data from the ministry of petroleum shows that most BJP ruled states seem to have a lower tax on petrol and diesel than the states Mr Modi named …

PM Modi’s remarks on fuel prices one-sided, misleading: Mamata Banerjee
2 years, 8 months ago

PM Modi’s remarks on fuel prices one-sided, misleading: Mamata Banerjee

The Hindu  

Prime Minister Narendra Modi’s remarks blaming the Opposition States for high prices of petrol and diesel are misleading and one-sided, West Bengal Chief Minister Mamata Banerjee said on Wednesday alleging that the Centre has adopted a “step-motherly” attitude towards the Opposition-ruled States. Ms. Banerjee was reacting to Prime Minister Narendra Modi’s remarks made earlier in the day that many States …

Oppn Accuses PM Modi of Playing Politics on Fuel Prices, BJP Slams Its 'Hypocrisy'
2 years, 8 months ago

Oppn Accuses PM Modi of Playing Politics on Fuel Prices, BJP Slams Its 'Hypocrisy'

News 18  

The Opposition on Wednesday accused Prime Minister Narendra Modi of playing politics during his meeting with chief ministers on the Covid situation by raising the issue of fuel prices and "passing the buck" on to states to reduce VAT on petrol and diesel. Maharashtra Chief Minister Uddhav Thackeray said the Centre owed Rs 26,500 crore to the state, after Prime …

Modi asks states to cut VAT on fuel ‘in national interest’
2 years, 8 months ago

Modi asks states to cut VAT on fuel ‘in national interest’

Live Mint  

Prime minister Narendra Modi on Wednesday urged state governments to lower value added tax on petrol and diesel. The prime minister said Gujarat and Karnataka lost over ₹4,000 crore and ₹5,000 crore, respectively since November on account of lowering of taxes. Last November, after the Centre’s decision to lower excise duty on petrol and diesel by ₹5 and ₹10 per …

Government must cut duty on fuel if global oil prices stay above $100 a barrel: CII’s Narendran
2 years, 8 months ago

Government must cut duty on fuel if global oil prices stay above $100 a barrel: CII’s Narendran

The Hindu  

The government should consider offering some relief to Indian consumers by paring excise duties on petroleum products, if global crude oil prices remain above $100 a barrel, the Confederation of Indian Industry president T.V. “If the oil prices stay about $100, then if there is something that can be done on excise duties, etc. The CII is also mooting a …

Fuel price hike very low in India compared to other countries: Hardeep Singh Puri in Parliament
2 years, 9 months ago

Fuel price hike very low in India compared to other countries: Hardeep Singh Puri in Parliament

Firstpost  

Union Minister Hardeep Singh Puri said hike in petrol prices in India was only five per cent between April 2021 and March 2022 New Delhi: Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday defended the central government over hike in fuel prices and compared it with that of other countries. Comparing gasoline prices between April 2021 …

Indians hit by ₹1.25 lakh cr in additional taxes: Congress
2 years, 9 months ago

Indians hit by ₹1.25 lakh cr in additional taxes: Congress

The Hindu  

The recent electoral victories have given the BJP “a licence to loot”, the Congress alleged on Saturday as the party gave a break-up of additional taxes to the tune of ₹1.25 lakh crore that have burdened the common people in the new financial year. “The prices of petrol and diesel have gone up by ₹7.20/litre across India with 10 hikes …

'Making gains by plundering poor': Congress slams Centre over fuel price hike
2 years, 9 months ago

'Making gains by plundering poor': Congress slams Centre over fuel price hike

Firstpost  

SP MP Jaya Bachchan also attacked the Centre over the hike in fuel prices and said that Akhilesh Yadav had repeatedly said in his campaign that the price is going to increase after the elections New Delhi: Congress on Tuesday slammed the Centre over the hike in petrol and diesel prices, alleging that the government is “making a gain worth …

Fuel prices hike: 'Thali Bajao,' Rahul Gandhi's scathing attack on Centre
2 years, 9 months ago

Fuel prices hike: 'Thali Bajao,' Rahul Gandhi's scathing attack on Centre

India TV News  

Highlights Congress leader Rahul Gandhi hits out at Centre over fuel prices hike Domestic cooking gas LPG rates were increased by Rs 50 per cylinder Adhir Ranjan Chowdhury, Mallikarjun Kharge and SP's Jaya Bachchan also joined the chorus Fuel prices hike: Congress leader Rahul Gandhi came down heavily on the Centre over the exorbitant rise in petrol, diesel prices after …

PM Modi can't reduce fuel prices as it benefits his industrialist friends: Rahul Gandhi
2 years, 11 months ago

PM Modi can't reduce fuel prices as it benefits his industrialist friends: Rahul Gandhi

India Today  

Congress leader Rahul Gandhi on Monday claimed that Prime Minister Narendra Modi cannot reduce the prices of fuel as it benefits his "two-three industrialist friends". If you had not done this and three laws were not repealed, not only the farmers of Punjab, but the farmers of India would have suffered," Rahul Gandhi said. 'Channi son of poor, understands poverty' …

Budget 2022: Petrol, diesel prices to rise in parts of India | Check details
2 years, 11 months ago

Budget 2022: Petrol, diesel prices to rise in parts of India | Check details

India TV News  

Highlights Diesel in most parts of the country may cost Rs 2 per litre more from October 1. Petrol in a few places such as North East may see a price hike, said FM Nirmala Sitharaman in Budget Revenue Secretary Tarun Bajaj said the blended fuel has been discussed with the petroleum ministry. Diesel in most parts of the country …

Fuel price cut in consonance with national mood
3 years, 2 months ago

Fuel price cut in consonance with national mood

New Indian Express  

Strange, but fuel prices have the duality of bringing fortune and misfortune. Interestingly, despite the surging pump prices, an IMF official recently recommended maintaining existing fuel taxes in India, as a reduction disproportionately benefits higher-income households, making it ‘highly regressive’. Truth is, the chasm between headline and household inflation is wide and the Centre’s pick to go with the latter …

BJP Lauds Modi Govt's Cut in Petrol, Diesel Prices
3 years, 2 months ago

BJP Lauds Modi Govt's Cut in Petrol, Diesel Prices

News 18  

The BJP on Wednesday hailed the central government's decision to reduce petrol and diesel prices as Prime Minister Narendra Modi's Diwali gift. "I thank @narendramodi Ji's Gov for reducing Excise Duty on Petrol & Diesel on the eve of Diwali by Rs 5 and Rs 10 respectively from tomorrow. The reduction in excise duty on Petrol & Diesel will also …

Cracking News: On eve of Diwali, Centre cuts excise duty on petrol by Rs 5, diesel Rs 10
3 years, 2 months ago

Cracking News: On eve of Diwali, Centre cuts excise duty on petrol by Rs 5, diesel Rs 10

Firstpost  

The release said that states have also been urged to reduce VAT on petrol and diesel to give relief to consumers In a relief to consumers on the eve of Diwali, the Central Government on Wednesday announced a reduction in excise duty on petrol and diesel by Rs 5 and 10 respectively. Govt of India has taken a significant decision …

Govt concerned about inflation, will control it in time: Pradhan on fuel price hike
3 years, 2 months ago

Govt concerned about inflation, will control it in time: Pradhan on fuel price hike

Deccan Chronicle  

Kanpur: Amid a sharp rise in the prices of petrol and diesel across the country, Union Minister Dharmendra Pradhan, who has previously served as Minister of Petroleum and Natural Gas, said that Centre is concerned about the issue of inflation and assured that the government will control it in time. Pradhan said that India India imports 80 per cent of …

Fuel prices skyrocket after third consecutive day hike; diesel nears Rs 100/L in Chennai
3 years, 2 months ago

Fuel prices skyrocket after third consecutive day hike; diesel nears Rs 100/L in Chennai

India TV News  

Petrol and diesel prices on Friday were hiked for the third consecutive day, taking the pump rates across the country to record high levels. The prices of petrol and diesel were hiked by Rs 0.35 and will cost Rs 106.89 per litre and Rs 95.62 per litre respectively in Delhi. In Mumbai, the petrol price stands at Rs 112.78 per …

'95% People Don't Need Petrol': UP Minister Upendra Tiwari Defends Fuel Price Hike
3 years, 2 months ago

'95% People Don't Need Petrol': UP Minister Upendra Tiwari Defends Fuel Price Hike

News 18  

Dismissing criticism over the rising fuel prices, Uttar Pradesh minister Upendra Tiwari on Thursday said 95 percent people have no use for petrol. Tiwari also argued that fuel prices had not really risen in real terms when the per capita income now is compared with that in 2014, referring to the year when a BJP-led government first came to power …

Fuel Price Today: Diesel crosses Rs 100 per litre-mark, petrol over Rs 111 in Bhopal, Indore
3 years, 3 months ago

Fuel Price Today: Diesel crosses Rs 100 per litre-mark, petrol over Rs 111 in Bhopal, Indore

India TV News  

Diesel prices crossed the Rs 100 per litre mark in Bhopal and Indore on Tuesday, while the petrol rates went over Rs 111 per litre in the two major cities of Madhya Pradesh, as rates were increased again after international oil prices hit the highest mark since 2014. In the state capital Bhopal, the price of diesel reached Rs 100.1 …

Centre sensitive to fuel price hike, public to get relief in upcoming month: Union Petroleum Minister
3 years, 4 months ago

Centre sensitive to fuel price hike, public to get relief in upcoming month: Union Petroleum Minister

India TV News  

Union Petroleum Minister Hardeep Singh Puri on Tuesday said that the Central government is sensitive to fuel price rise while also hinting that the public might get relief in the upcoming month. "Central Government is very sensitive to this issue but it is also very sensitive to see the other responsibilities that we have," Puri said while addressing a press …

Petrol crosses Rs 100 in Bihar after another price hike; diesel up by 25 paise
3 years, 6 months ago

Petrol crosses Rs 100 in Bihar after another price hike; diesel up by 25 paise

Firstpost  

The increase, second in as many days and 31st in less than two months, took rates across the country to fresh highs with Bihar becoming the latest state to see petrol cross Rs 100-a-litre mark New Delhi: Petrol price soared past Rs 100-a-litre mark in Bihar after fuel prices were hiked again on Sunday on the back of a surge …

'PhD in tax recovery': Rahul Gandhi's jibe on Centre, as fuel prices continue to rise
3 years, 6 months ago

'PhD in tax recovery': Rahul Gandhi's jibe on Centre, as fuel prices continue to rise

India TV News  

Taking a jibe at the central government for the continued increase in fuel prices, Congress leader Rahul Gandhi on Sunday termed it a "PhD in tax recovery". Petrol prices have now crossed the Rs 100 per litre mark in several cities while in others it is very close to it. Fuel prices in Patna were 99.28 and Rs 93.30 per …

Petroleum Minister defends high fuel prices citing govt spending on welfare schemes
3 years, 7 months ago

Petroleum Minister defends high fuel prices citing govt spending on welfare schemes

India TV News  

Accepting that high fuel prices have been a cause of difficulty to the general public, Petroleum Minister Dharmendra Pradhan on Sunday said that at a time when the government expenditure has surged due to welfare schemes along with vaccination coverage amid the pandemic, the government is saving money for such initiatives for the public. Recently, the Prime Minister announced Rs …

Congress to stage nationwide ‘symbolic' protest against fuel price hike today
3 years, 7 months ago

Congress to stage nationwide ‘symbolic' protest against fuel price hike today

India TV News  

The Congress will stage 'symbolic' protests across the country today against fuel price hike and rising inflation. Congress general secretary organisation KC Venugopal has asked the state units to hold symbolic protest against the public loot and urgent demand to roll back the price rise. "The BJP government has increased excise duty by Rs 23.87 per litre on petrol and …

Fuel prices at record high: How it is impacting low-income households
3 years, 7 months ago

Fuel prices at record high: How it is impacting low-income households

India Today  

Rizwanudeen, a 37-year-old worker who delivers food in the southern Indian city of Chennai, struggles to pay his rent and loan instalments at the end of every month as he has been hit by the double whammy of higher fuel prices and fewer food orders. Millions of weekly wage earners like Rizwanudeen who make their living ferrying goods or people …

After petrol, diesel nears Rs 100-mark in Rajasthan
3 years, 7 months ago

After petrol, diesel nears Rs 100-mark in Rajasthan

India TV News  

After petrol, diesel is now nearing the Rs 100 per litre mark in Rajasthan as oil firms raised fuel prices yet again on Monday. Petrol is retailing above the Rs 100 per litre mark in six states and union territories -- Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh. Sri Ganganagar district of Rajasthan near the border with Pakistan …

India advances 20% ethanol-blending in petrol to 2025, says PM Modi
3 years, 7 months ago

India advances 20% ethanol-blending in petrol to 2025, says PM Modi

The Hindu  

India has advanced the target date for achieving 20% ethanol-blending in petrol by five years to 2025, Prime Minister Narendra Modi said on Saturday, as the world’s third-biggest oil importer looks to cut carbon emissions and reduce reliance on foreign oil. Speaking at the release of ethanol blending road map 2020-25 on the occasion of World Environment Day, Mr. Modi …

Petrol prices cross ₹100 mark in Rajasthan
3 years, 7 months ago

Petrol prices cross ₹100 mark in Rajasthan

Hindustan Times  

Petrol prices in all 33 districts of Rajasthan crossed the ₹100 mark on Sunday, with Ganganagar registering the highest at ₹104.95 per litre, the state government informed. Chief minister Ashok Gehlot criticised the Centre for the constant hike in fuel prices and inflation and said the common man is now trapped in a “web of inflation woven by the Modi …

Petrol Price Can Come Down to Rs 75 if Brought Under GST, But There's Lack of Political Will: SBI Economists
3 years, 10 months ago

Petrol Price Can Come Down to Rs 75 if Brought Under GST, But There's Lack of Political Will: SBI Economists

News 18  

Petrol price can go down to Rs 75 a litre across the country if brought under the ambit of the Goods and Services Tax, but there is a lack of political will, which is keeping Indian oil product prices at one of the highest in the world, economists at SBI said on Thursday. Diesel will come at Rs 68 a …

Who's to blame for Rs 100 petrol: Nehru, Indira or Modi Sarkar?
3 years, 10 months ago

Who's to blame for Rs 100 petrol: Nehru, Indira or Modi Sarkar?

Deccan Chronicle  

The price of petrol has crossed Rs 100 in some parts of India for the first time. Indeed, in the last 36 months, the Indian economy has slowed significantly, falling from around eight per cent growth in the quarter starting January 2018 to around three per cent in the quarter starting January 2020. The logic of deregulation was that the …

West Bengal govt reduces state tax on petrol, diesel by Rs 1 per litre
3 years, 10 months ago

West Bengal govt reduces state tax on petrol, diesel by Rs 1 per litre

India Today  

West Bengal Finance Minister Amit Mitra on Sunday announced a reduction of tax by Rs 1 per litre on petrol and diesel, effective from tomorrow midnight. West Bengal government’s move comes a day after Union Finance Minister Nirmala Sitharaman said that Centre and State governments will have to work together to bring retail rates to reasonable levels. “As 42 per …

Petrol prices breach Rs 100-mark: Modi blames previous govts for not reducing import dependence
3 years, 10 months ago

Petrol prices breach Rs 100-mark: Modi blames previous govts for not reducing import dependence

Firstpost  

Without referring to the relentless increase in retail fuel prices, Modi said India imported over 85% of its oil needs in the 2019-20 and nearly 53% of its gas requirement New Delhi: On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi on Wednesday said the middle-class would not have been burdened if the previous governments …

Petrol touches ₹100/litre in some cities, here’s why it’s so costly
3 years, 10 months ago

Petrol touches ₹100/litre in some cities, here’s why it’s so costly

Live Mint  

Fuel prices are on the rise again. Part of the reason is recovering crude oil prices, even as central and state taxes remain a pain point. The elevated taxes kept fuel prices up in India even though crude oil prices had crashed and stayed low for much of 2020. Source: RBI, PPAC The current petrol price break-up in Delhi shows …

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