In an otherwise sluggish market, shares of Mangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL) soared up to 19% and touched 52-week highs on Tuesday’s session on the BSE amid strong volumes. The fact that the Singapore gross refining margin (GRM) has risen to a new high of $25.2 per barrel is good […]
By Administrator_India Capital Sands Puducherry government on August 25 announced a tax cut in petrol prices. The territorial administration has cut value-added tax (VAT) on petrol by 3 percent. The decision on the reduction was taken by Chief Minister N Rangasamy at a meeting of the territorial cabinet earlier and was approved by Lieutenant Governor […]
By Administrator_India Capital Sands Retail fuel prices may see a price cut by Rs.2 per litre in the coming days if the international fuel prices continue to go down and rupee-dollar exchange maintains the current trend. International crude oil prices have been falling after a steep rise till March 8 when it touched $70 per […]
By Administrator_India Capital Sands The West Bengal government has decided to cut taxes on petrol and diesel price by one rupee a litre effective Monday midnight. West Bengal finance minister, Amit Mitra, said that despite Amphan, Covid-related stress and dues from the Centre running into Rs 77,000 crore, the state government has decided to cut petrol and diesel prices by one rupee a litre. This will […]
By Administrator_India Capital Sands Continuing its upward trend petrol and diesel touch new highs across the country on February 18. The petrol price in Delhi was hiked by 34 paise reaching Rs. 89.88 per litre as compared to Rs 89.54 per litre on February 17, according to state-owned fuel retailers. Diesel price in the national capital also […]
By Administrator_India Capital Sands Petrol and diesel prices on Tuesday climbed to fresh highs in the country as rates were hiked after a three-day hiatus. Petrol and diesel prices were hiked by 35 paise per litre each, according to price notifications of state-owned fuel retailers. The increase took petrol prices to a fresh high of […]
By Administrator_India Capital Sands Petrol price on Wednesday neared all-time high after state-owned fuel retailers hiked rates after a nearly month-long hiatus. Petrol price was raised by 26 paise per litre and diesel by 25 paise a litre, according to a price notification from oil marketing companies. After this increase, petrol in Delhi climbed to […]
By Administrator_ India Capital Sands Petrol and diesel prices remained unchanged on Friday, as state-run oil marketing companies held the fuel prices steady. Rates differ from state to state depending on the incidence of VAT. Taxes make up for nearly two-third of the retail selling price. Here is looking at the price difference of diesel […]