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Economy and Finance

‘Mischievous and misleading’: Govt dismisses reports claiming sharp rise in petrol and diesel prices after assembly election results

OpIndia Staff -
The Centre refuted price hike rumours and said such reports create panic. It cited market projections and crude price rise as triggers. Earlier the government had said that refineries are running at full capacity with sufficient fuel stock.
News Reports

Congress government in Karnataka hikes petrol, diesel prices in the state by Rs 3 per litre

ANI -
The price of petrol has surged by Rs 3, bringing the cost per litre in Bengaluru to Rs 102.84, up from the previous rate of Rs 99.84. Similarly, the price of diesel has increased by Rs 3.02, raising the cost per litre from Rs 85.93 to Rs 88.95.
News Reports

Inflation bomb: Pakistan’s petrol and diesel prices cross the Rs 300 mark for the first time in history

OpIndia Staff -
The prices of petrol and diesel in Pakistan have crossed the Rs 300 mark for the first time in history.
News Reports

Punjab: AAP government hikes VAT on petrol and diesel

OpIndia Staff -
The price of petrol has increased by 92 paise per litre, while diesel price has surged by 88 paise. Notably, fuel prices have been raised for the second time this year.
News Reports

Six non-BJP-ruled states have not reduced VAT on petroleum products: Union Minister Hardeep Singh Puri

OpIndia Staff -
Puri said Bengal, Telangana, Kerala, Tamil Nadu, Andhra Pradesh and Jharkhand are yet to reduce VAT on petroleum products.
News Reports

Maharashtra: Shinde-Fadnavis govt reduces petrol prices by Rs 5 and diesel prices by Rs 3

OpIndia Staff -
Revised petrol price in Mumbai - the capital city of Maharashtra will be Rs 106.35 while that of diesel will be Rs. 94.28.
News Reports

Tamil Nadu: BJP chief K Annamalai, 5000 others booked by police for protests demanding cut in fuel prices as per DMK’s poll promise

OpIndia Staff -
Tamil Nadu BJP chief K Annamalai said party will hold a satyagraha demanding that DMK fulfil its poll promise of cutting fuel prices
Social Media Fact-Check

TMC leader Saket Gokhale peddles misinformation about recent reduction in petrol, diesel prices

OpIndia Staff -
The latest reduction in the duty is not from the Excise Duty but instead from the Additional Excise Duty, which is not shared with the states. Hence, the proposed reduction is entirely borne by the Centre.
Featured

Petrol and diesel to get cheaper as center reduces excise duty, announces subsidy on gas cylinders under Ujjwala Yojana

OpIndia Staff -
Excise duty on petrol will be reduced by rupees 8 per litre while that on diesel will be reduced by rupees 6 per litre.
Opinions

Telangana CM KCR, son KTR claim VAT on fuel prices has not been increased since they came to power. They lied: Know the truth

S. Sudhir Kumar -
The Telangana Chief Minister, Honourable Kalvakuntla Chandrashekar Rao (KCR garu), in his press conference on 7th November, had emphatically claimed that he has never increased the VAT on fuel prices
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