Tag Archives: petrol prices

Petrol price cut by 2.42, Diesel by 2.25 But Excise Duty up by Rs.2, What’s the Point?

Despite international crude oil prices going below $45 a barrel, India is not relenting its grip over it as the source of its taxation by offsetting the price cut with immediate and almost simultaneous hike in the excise duty by Rs.2 per litre, virtually making no difference in the sale price of fuel. On their part, state-run oil marketing companies ...

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Further Cut in Petrol, Diesel Prices Likely as Saudi Arabia Reduces Brent Sold to US

Nearly $2 cut in international crude rate on Tuesday may prompt the Indian oil companies to heed the market voice and reduce petrol and diesel prices further from the last week’s Rs.2 cut. The statement is expected anytime tomorrow. Recently, the oil rates are witnessing multiple reductions, especially in petrol rates and the deregulation of diesel prices last month too ...

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