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Excise Duty News
Indirect tax mop-up in FY'19 may fall short by Rs 90,000 cr: Report
Fri, Nov 23, 2018
Total GST collections come at Rs 6.78 lakh crore as compared with the 2018-19 Budget Estimate of Rs 7.44 lakh crore, including SGST and IGST. "If we exclude SGST and proceeds of IGST contributed to states, the GST collection of the Centre comes to Rs 3.46 lakh crore (47 per cent of BE)," the report said.
Happy with Rs 2.50 cut in petrol, diesel prices? Guess what! Fuel rates can be slashed by another Rs 4.60, Rs 3.30; Here's how
Thu, Oct 04, 2018
Today Finance Minister Arun Jaitley announced a cut in excise duty by Rs 1.50 while OMCs were expected to absorb another Re 1. Therefore, a total of Rs 2.50 will be cut in both petrol and diesel prices.
Second excise duty cut under Modi reign; consumers rejoice as petrol, diesel prices cut, but this is how much govt will lose
Thu, Oct 04, 2018
Modi government announced a cut in excise duty by Rs 1.50 and OMCs will absorb another Re 1, therefore, a total of Rs 2.50 will be cut in both petrol and duty prices
Petrol, diesel continues to boil; this is why govt needs to cut excise duty
Mon, Sep 10, 2018
Finance Minister Arun Jaitley gave a non-committal speech on trimming excise duty as a move to cushion fuel prices.
Petrol, diesel price restless in India; Here’s how it hits your pocket on monthly basis
Wed, Sep 05, 2018
Indian petrol and diesel price are at an all time-high. These are the levels never witnessed before even when international crude oil was trading at $100 per barrel during the year 2014.
Petrol, diesel prices: You can check daily revision in rates by one SMS; here's how
Sat, Jun 30, 2018
The state-owned Indian Oil Corporation has revamped its website especially the section where it provides daily changes in petrol and diesel prices.
Petrol, diesel price dilemma: From saviour to sacrificial lamb, will ONGC bear subsidy burden?
Mon, Jun 04, 2018
From May 14 prices started to increase and reached new heights till date, and now both petrol and diesel prices have soared from Rs 3 per litre to Rs 4 per litre.
With petrol, diesel prices at record highs here are 4 ways to check daily change in rates
Sun, Jun 03, 2018
India after 16 days of aggressive hikes witnessed its first relief in petrol and diesel prices from May 29. However there is nothing to be excited about the cut made in these two fuel product because rates are still at record high levels.
Petrol, diesel price at record high; Will ONGC provide relief to fuel prices?
Sat, Jun 02, 2018
Companies like Reliance Industries, Cairn India Ltd, Oil India, Oil and Natural Gas Corporation (ONGC) among others in this sector are responsible for producing oil in its crude form.
Not 1%, but 1 paisa cut! After big error, petrol, diesel prices changed twice today, but stay at record highs
Wed, May 30, 2018
A big error by IOC website had revealed that petrol diesel prices have been cut by as much as 60 paise! Check out the actual rates in metro cities like New Delhi, Mumbai, Kolkata and Chennai.
No need to panic over petrol, diesel prices; Rupee may reach Rs 62 mark, offset losses on fuel
Sun, May 27, 2018
Within two weeks time, the state-owned OMCs have raised both petrol and diesel price by over Rs 3 per litre each in various state capitals of India.
Petrol, diesel prices: How PMO can douse raging fuel rate fire; 3 options to big relief for public
Sat, May 26, 2018
OMCs like HPCL, IOCL and BPCL take into consideration the international crude oil prices, government's excise duty and various state's Value Added Tax (VAT) to derive the final retail prices of fuel products including petrol and diesel.
Tired of paying record high petrol, diesel prices? These credit cards can help you save big
Wed, May 23, 2018
The government has linked petrol, diesel prices the the ones prevailing in international markets with the hope that consumers would benefit. However, the move has boomeranged as fuel rates have soared to record highs.
Petrol, diesel prices at record high! Can PMO afford to relax excise duty?
Wed, May 23, 2018
OMCs like HPCL, IOCL and BPCL take into consideration the international crude oil prices, government’s excise duty and various state's Value Added Tax (VAT) to derive the final retail prices of fuel products including petrol and diesel.
Petrol and diesel prices: Will your fuel bill come down anytime soon? Find out
Tue, Apr 17, 2018
Petrol and diesel prices: There has been a continuous hike in fuel rates across India since the start of 2018.
Petrol, diesel prices: Crude oil soars, but govt rules out excise duty relief; now pay more at fuel station
Wed, Apr 04, 2018
The OMCs, while deciding the prices of fuel, take into consideration the performance of international crude oil, adding government’s excise duty and various state’s value added tax (VAT).
Petrol, diesel prices down in India despite global crude touching 2-week high
Fri, Feb 23, 2018
State-owned oil marketing companies (OMCs) like IOCL, Bharat Petroleum Corp Limited (BPCL) and Hindustan Petroleum Corp Limited (HPCL) have started to bring petrol and diesel prices from February 8.
Petrol, Diesel price down gradually in India, as crude oil tumbles
Tue, Feb 13, 2018
Petrol has tumbled in the range of 85 paisa to 91 paisa per litre, whereas diesel prices have come down between Rs 1.20 and Rs 1.28 per litre.
Petrol, diesel prices reverse trend in India, record fifth-consecutive decline
Mon, Feb 12, 2018
Price rise in fuel product has been since start of 2018, despite FM Arun Jaitley trimming down excise duty on various products, especially fuel products, during FY19 Budget.
Petrol, diesel price highest in Mumbai; other cities see similar trend
Fri, Feb 09, 2018
Finance Minister Arun Jaitley during FY19 Budget trimmed down excise duty on various products, especially fuel products, pinning down hopes that petrol and diesel prices would go down.