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Petroleum products News

08 Oct 2017

Dharmendra Pradhan slams Kerala govt for not cutting taxes on petrol

He further alleged that the CPI(M) that calls itself a party of the poor had no concern for them.

Petroleum products

27 Sep 2017

We plan to put all petroleum products on e-commerce platform: Dharmendra Pradhan

The minister said there are four crore consumers as against one lakh retail outlets for petroleum products.

20 Sep 2017

Need revenue for public spending: Jaitley on high oil taxes

Petrol price has risen by Rs 7.44 per litre since early July to cost Rs 70.52 a litre in Delhi, the highest in three years.

Transport fuel cess

17 Sep 2017

Market pricing regime in fuels distorted by taxes: Assocham

Petroleum products do not come under the Goods and Services Tax (GST) and prices vary at locations according to state taxes.

Arvind Subramanian

15 Sep 2017

CEA Arvind Subramanian meets PM Modi to brief on economy

According to sources, the CEA also discussed the present inflationary situation in the country.

12 Aug 2017

Petroleum products will not be brought under GST: MP Finance Minister

However, the minister, who admitted that the rate of tax (VAT and entry tax) on petroleum products in the state is on the higher side also gave a justification for it.

28 Jul 2017

Scope exists for consolidating GST rates: Asim Dasgupta

Having chaired the Empowered Committee of State Finance Ministers from 2000 to 2010, Dasgupta pointed out that the panel had earlier proposed two GST rates.

13 May 2017

Fire on ship at Sharjah port kills 1

Four people were injured in the fire that was extinguished in the afternoon at Sharjah`s Al Hamriyah port.

25 Jul 2016

Govt exploring ways to bring petro products under GST: Pradhan

Government is exploring ways to bring the petroleum products under the ambit of the proposed GST with the consent of states, Petroleum Minister Dharmendra Pradhan said Monday, announcing plans to implement DBT scheme in kerosene.

28 Feb 2016

Nigeria not to devalue currency: Vice President Yomi Osinbajo

Nigeria's currency will not be devalued despite pressures, Vice President Yomi Osinbajo said.

India's Exports

22 Feb 2016

Exports: 17 out of 30 sectors decline in January

Exports of over half of the sectors, out of the 30 closely monitored by the Commerce Ministry, were in the negative zone in January due to a fall in global prices and demand.

petroleum price

17 Dec 2015

Government ready for debate on petrol product prices: Venkaiah Naidu

The government is ready for a discussion on the issue of petroleum prices, Parliamentary Affairs Minister M Venkaiah Naidu said in the Lok Sabha as a notice of adjournment motion moved by some opposition members was disallowed.

02 Nov 2015

Nepal receives 1st consignment of petrol from China

Fuel-strapped Nepal has received 73.5 metric tonnes of petrol from China for the first time after signing a major deal with it to ease crippling shortage of petroleum products due to the month-long Madhesi-led blockade of India-Nepal border over the new Constitution.

02 Oct 2015

India's gasoline exports to fall 97.8% during 2014-19

India's gasoline or petrol exports will fall by 98 percent by 2019 and will become the second largest importer of gasoline after Indonesia by 2024, BMI Research said.

12 Dec 2014

States oppose GST Bill; compensation, petro remain vexed issues

In a setback to the Centre, states Thursday rejected the draft Goods and Services Tax (GST) Bill saying it does not address their concerns, particularly on entry tax and taxation of petroleum products.

12 Nov 2014

Essar opens Geneva trading office, expands Europe footprint

Essar Group has set up an office in Geneva to trade crude oil, refined petroleum products, coal, iron ore and steel, the head of the new company told Reuters on Wednesday.

12 Sep 2014

August retail inflation eases to 7.8% on cheap veggies, fuel cost

Easing prices of vegetables, cereals and petroleum products brought down retail inflation marginally to 7.8 percent in August.

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