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Delhi petrol pump strike on October 22: Dealers announce shut down; all details here

Delhi petrol pump strike on October 22: Dealers announce shut down; all details here

Thu, Oct 18, 2018

The petrol pumps are facing as much as around 20 to 30 per cent losses due to the higher prices in the national capital, said the Delhi Petrol Dealers Association (DPDA).

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

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.

Petrol, diesel price restless in India; Here’s how it hits your pocket on monthly basis

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.

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Petrol, diesel prices: You can check daily revision in rates by one SMS; here's how

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.

GST overhaul: Govt plans major makeover

GST overhaul: Govt plans major makeover

Tue, Jun 26, 2018

The Centre is gearing up to overhaul the Goods and Service Tax (GST) as it inches closer to complete its first anniversary on July 1.

No increase in VAT on fuels since 2016: Delhi government

No increase in VAT on fuels since 2016: Delhi government

Sat, Jun 09, 2018

"After January 19, 2016, there has been no increase in the VAT on petrol and diesel. However, on May 7, 2016, the government had reduced the VAT on diesel from 18 per cent to 16.75 per cent ," Deputy Chief Minister Manish Sisodia informed the Assembly in a written reply during the ongoing session

Petrol, diesel price dilemma: From saviour to sacrificial lamb, will ONGC bear subsidy burden?

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

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?

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

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

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

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

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?

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

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

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).

Tax evasion crackdown: Proprietors, LLPs, HUFs under CBEC scanner now

Tax evasion crackdown: Proprietors, LLPs, HUFs under CBEC scanner now

Thu, Mar 22, 2018

According to the sources, preliminary scrutiny indicated that several newly created LLPs and HUFs as well as proprietary firms have claimed transitional credit for which they were not eligible. The CBEC has already asked chief commissioners to scrutinise all transitional credit claims of over Rs 1 crore. As part of transition to GST last July, taxpayers were allowed to file Form TRAN-1 and avail tax credit on the basis of closing balance of the credit declared in the last return under the pre-GST regime.

Oil & gas industry seeks infra status, lower taxes in Budget

Oil & gas industry seeks infra status, lower taxes in Budget

Thu, Jan 25, 2018

The oil and gas industry has sought infrastructure status for the exploration and production sector as also lowering of taxes on locally produced oil to boost domestic output and cut import dependence.

Taxpayers under GST may reach one crore mark

Taxpayers under GST may reach one crore mark

Thu, Jan 11, 2018

Government had attracted 99 lakh entities for GST by December last year, of which 16.6 lakh were composition dealers.

Diesel, Petrol prices soar up across states

Diesel, Petrol prices soar up across states

Wed, Dec 27, 2017

Some states such as Maharashtra and Gujarat, responding to Centre's request to cut local duties, also reduced VAT on petrol and diesel. In these states, price rise has been slower.

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018

Wed, Dec 27, 2017

The value-added tax, or VAT, will apply to a range of items like food, clothes, electronics and gasoline, as well as phone, water and electricity bills, and hotel reservations.

High Court judges, experts brainstorm on likely GST litigations

High Court judges, experts brainstorm on likely GST litigations

Sun, Nov 19, 2017

Top domain experts and officials from the GST Intelligence and the Central Board of Excise and Customs (CBEC) briefed judges about the new tax system recently, according to documents available in the public domain.

Govt says GST rates may be rejigged to reduce burden on SMEs

Govt says GST rates may be rejigged to reduce burden on SMEs

Mon, Oct 23, 2017

Just few months after the introduction of the GST, the new tax regime has seen several teething troubles and compliance issues.

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