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Petroleum Prices


SBI economists stated integrating gasoline and diesel underneath the brand new oblique tax framework may assist The worth of gasoline can drop to Rs 75 per liter nationwide whether it is topic to the Items and Providers Tax (GST). Nevertheless, a scarcity of political will retains the costs of Indian petroleum merchandise one of many …

Home pure gasoline consumption in the USA will peak round 2030, however greater exports of gasoline pipelines and liquefied pure gasoline (LNG) are anticipated to maintain gasoline demand rising till 2050, Matthew Palmer mentioned on Wednesday, Senior Director of IHS Markit. Transporting this gasoline from states the place it’s produced to locations the place it …

Picture supply: FILE PHOTO The costs of gasoline and diesel in some states, cities throughout the nation are at an all time excessive nowadays. (Picture for pictorial illustration) Gasoline and diesel costs are at a brand new excessive nowadays as the price of gasoline in some states cities is round Rs 90-100 per liter. Throughout …

Written by Aniruddha Ketkar, Ashwin Gambhir and Ashok Sreenivas Though gasoline costs are as excessive as ₹ 100 per liter in some components of the nation, the federal government has been reluctant to cut back numerous taxes and duties on transport fuels, which might have lowered the buyer worth of those fuels for the extraordinary …

A employee struggles a drill rod stand in place on an oil rig close to Midland, Texas. Nick Oxford | Reuters The greening of the US oil business has turn out to be extreme. Dan Yergin, vice chairman of IHS Markit, stated it was an necessary turning level for the fossil gas business, which anticipates …

Between November 2014 and January 2016, the federal government elevated excise taxes on gasoline and diesel 9 occasions to take away features from falling world oil costs. New Delhi: Authorities has possibility to cut back excise responsibility on gasoline and diesel to Rs 8.5 per liter with out affecting its goal of twin gas tax …

New Delhi: Amid growing strain from all neighborhoods to scale back taxes on gasoline and diesel, the Ministry of Finance has vigorously began discussing the burning subject that has created a gap within the pockets of customers, have sources mentioned Tuesday. “The federal government is discussing the extent to which taxes might be lowered, and …