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Petrol price to go up by Rs. 5 per litre from 05-15-11. Another rate hike on the cards soon!

Posted on: May 14th 2011 in Market News.

In the steepest hike ever, state-owned oil companies have increased petrol price by about Rs. 5 per litre with effect from midnight tonight. The increase in petrol price, which the oil firms had been holding since January even though crude oil had touched a two-and-a-half-year high, came…

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Deora asks states to cut sales tax on fuel

Posted on: June 21st 2010 in Press Releases.

In a bid to lower the impact of an unavoidable hike in petrol and diesel prices, Oil Minister Murli Deora has asked states like Delhi and Andhra Pradesh to lower sales tax (VAT) on auto fuels and shift towards specific rates. As the government considers freeing petrol and diesel prices, …

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Fuel price rise likely after budget, says finance ministry

Posted on: February 18th 2010 in Market News.

The finance ministry has advocated an increase in auto and cooking fuel prices only after the Budget is tabled in Parliament on February 26 in an effort to avert possible united protests from the United Progressive Alliance’s non-Congress allies and opposition parties ahead of a busy op…

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