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Result(s) found: 20
Fuel hike gives states Rs 227 billion windfall
October 2018
Due to an increase in the prices of petrol and diesel, the state governments will reap a windfall gain of about Rs 227 billion this fiscal, claimed State Bank of India’s Economic Research Wing.
India to set up 12 biofuel refineries worth USD 1.5 billion
August 2018
In order to reduce the country's dependence on oil imports, the Indian Government will be setting up 12 biofuel refineries worth $ 1.5 billion.
Petrol cut by Rs.1.42 a litre, diesel by Rs.2.01
September 2016
Amid the recent fluctuation in global oil prices, state-run Indian Oil Corp (IOC) cut the price of transport fuels of petrol by Rs.1.42 a litre and of diesel by Rs.2.01, both at Delhi, with corresponding decrease in other states.
PSU oil firms to spend Rs.2,500 cr on fuel stations
May 2016
State-owned oil companies will spend Rs.2,500 crore to open around 3,100 fuel stations this financial year as rivals from the private sector step on the gas.
Petrol, diesel excise hike to add Rs.10,000 cr to govt coffers
February 2016
Hike in excise duty on petrol and diesel, three times in quick succession, will help the government garner an additional Rs.10,000 crore
Hike, Petrol, Diesel
Govt hikes excise duty on petrol, diesel
January 2016
The Government today increased excise duty on petrol by Rs.0.30 per litre and by Rs.1.17 a litre on diesel to make use of slump in oil prices to garner an additional Rs.2,500 crore. Basic excise duty on unbranded petrol has been increased from Rs.7.06 per litre to Rs.7.36 and the same on unbranded diesel from Rs.4.66 to Rs.5.83 per litre. Finance Minister Arun Jaitley said the increase in duty will yield an additional Rs.2,500 crore in revenue during the remainder of the 2015-16 fiscal which ends on March 31, 2016.
Indias fuel consumption up 15percentage in Sept
November 2015
India´s fuel consumption surged by 15.1 per cent in September, up to 14.699 million tonnes, from 12.771 million tonnes in the same month a year ago.
IOC set to exceed 12th Plan capex of Rs.56,200 crore
October 2015
The nation´s largest fuel retailer, IndianOil Corporation, is set to exceed its capital expenditure target of Rs 56,200 crore for the 12th Five-Year Plan.
Petroleum consumption rises 5.5%
September 2015
As per data posted by the Petroleum Planning and Analysis Cell, fuel consumption-a proxy for oil demand-totalled 14.03 million tonnes last month. The 5.52 per cent increase was driven by higher gasoline sales, which reflected a surge in passenger vehicles sales.
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