Gandhinagar: The fuel price available at the petrol pumps of private companies is Re 1 cheaper than those of government oil companies. There was a time when the price of fuel from private companies used to be Rs 7 higher than government companies. However, due to the decreased international price of crude oil, private companies now sell fuel at a price that is Rs 1 cheaper than government companies. The price of petrol and diesel at the pumps operated by government companies is steady at Rs. ...Read More

By Japan K Pathak, New Delhi/Panipat: Petrol that you purchase from petrol pumps for your vehicle has 10 per cent portion of Ethanol mixed in it. This Ethanol is domestically produced and therefore the import bill on that much of petrol is saved for the country. The Government of India has plans to increase the proportion of Ethanol in petrol to 20 per cent by 2025. It will save 20 percent import bill on import of crude oil. While country is gearing up to achieve this target, it is also adopting...Read More

Ahmedabad: Thousands of people formed long queues at various fuel stations across the city after circulation of rumor message over Whatsapp claiming shortage of fuel from Sunday morning. The fuel station operators were surprised to see sudden queues forming at their place after midnight. The rumor message claimed that the petrol pumps will go on a four days strike from Sunday and therefore one should immediately pay a visit and fill in the tanks. In video: Queues at fuel stations in Gujarat ...Read More

New Delhi: A day after Government announced excise duty cut in petrol and diesel prices, Finance Minister Nirmala Sitharaman on Sunday said that the reduction has entirely been made in road and infrastructure cess (RIC). In other words, the Finance Minister made it clear that the excise duty cut burden has been borne entirely by the Centre. She said that even in November 2021, the excise duty reduction of Rs 5 per litre in petrol and Rs 10 per litre in diesel was entirely made in RIC. 1/ ...Read More

New Delhi: The Government of India has made an announcement to reduce Central excise duty on Petrol by ₹ 8 per litre and on Diesel by ₹ 6 per litre. This will reduce the price of petrol by ₹ 9.5 per litre and of Diesel by ₹ 7 per litre nationwide. It will have a revenue implication of around ₹ 1 lakh crore/year for the government. Making this announcement, Finance minister Nirmala Sitaraman said - 'I wish to exhort all state governments, especially the states where reduction wasn’...Read More

Gandhinagar: The prices of Petrol and Diesel are less in Gujarat than the neighboring states due to difference in VAT (Value Added Tax) rates. The price of Petrol is Rs 121 per litre and diesel is Rs 103 per litre in Maharashtra. On the other hand, just across the border the price of petrol in Valsad, Gujarat is Rs 106 per litre and diesel is Rs 100 per litre. The price of petrol in Dahod is Rs 106 per liter and diesel is Rs 100 per liter. Petrol and diesel prices just across the bor...Read More

Jamnagar: Nayara energy company, that supplies petrol in 7 districts of Saurashtra from Vadinar refinery in Jamnagar has suddenly stopped supplying petrol from Tuesday. The seven districts namely Rajkot, Jamnagar, Porbandar, Amreli, Devbhumi Dwarka, Gir Somnath, Junagadh and Diu (union territory) are likely to witness shortage of petrol due to the stoppage of supply by Nayara energy company. Federation of Gujarat Petroleum Dealers Association president Arvind Thakkar wrote letters to the...Read More

Palanpur: There’s a huge difference now in the prices of petrol and diesel in Gujarat and Rajasthan. Due to this huge difference, a number of vehicles in Southern Rajasthan’s interstate border areas chose to come to nearby petrol pumps on the Gujarat side for filling of fuel tanks.  With reduction in VAT in Gujarat, after the Central government cut excise duty, the price of one liter petrol in Gujarat is Rs. 95.91, against which one liter petrol in Rajasthan is available for Rs. 113.36 p...Read More

New Delhi: Following the decision of the Government of India to significantly reduce Central Excise Duty on Petrol and Diesel by Rs. 5 & Rs. 10 respectively, 22 states/UTs have also undertaken commensurate reduction of  VAT on Petrol and Diesel to give relief to consumers. However, there are 14 States/UTs which have not undertaken any reduction in VAT in Petrol and Diesel. These are: Maharashtra, NCT of Delhi, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala, Meghalaya, Andaman...Read More

Gandhinagar: Gujarat Chief Minister Bhupendra Patel around midnight made announcement to cut additional Rs. 7 per liter in petrol and diesel prices in the State by reducing Value Added Tax (VAT) on petrol and diesel which comes under State government's purview. The cut has been made effective from midnight. The Central government earlier in the evening announced reduction in excise duty on petrol and diesel by Rs. 5 and Rs. 10 respectively, to be effective from midnight. The end user are goi...Read More