During his press briefing, Puri also revealed that fuel prices in general has been lower in India for the past three years, and credited the government for navigating through global oil crisis ...

India imports about 80% of its oil needs and so domestic pump rates are dependent on international prices, as denominated by Indian basket of crude oil. The other factors on which domestic petrol ...

The government has increased excise duty on petrol and diesel by Rs 2 per litre to boost revenues despite falling global ...

India imports about 80% of its oil needs and so domestic pump rates are dependent on international prices, as denominated by Indian basket of crude oil. The other factors on which domestic petrol ...

As part of their daily routine, oil marketing companies (OMCs) have updated the petrol and diesel prices for April 22. These ...

In India, the price of petrol is determined by the cost of crude oil in the international market, the exchange rate of the Indian rupee against the US dollar, and the taxes and duties imposed by ...

Several countries such as the US, Australia, Japan, and Germany have been following the dynamic fuel price methodology for over two decades now. India moving to this regulated method brings parity ...

NEW DELHI, April 7 (Reuters) - India on Monday raised excise duty on petrol and diesel without passing on higher costs to consumers, oil minister Hardeep Singh Puri said, a move that would boost ...

As of June 2017, petrol prices in India are revised daily, and this is called the dynamic fuel price method. Petrol and diesel rates are revised at 06:00 am every day. Before this, prices were ...

But in the following years, it rolled back the Rs 13 and Rs 16 per litre excise duty hike, as international oil prices soared. This helped bring down petrol prices from a record hike of Rs 105.41 a ...

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