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Fuel price cut: Union Budget will need to balance fuel price cuts with an eye on consumption

With the Budget approaching, there is speculation about a possible cut in excise duty on petrol and diesel. However, the stabilization of global oil prices makes further reductions in fuel taxes unlikely. Oil Marketing Companies (OMCs) have seen enhanced marketing margins due to the softening of crude prices, which could warrant a fuel price cut. The fiscal deficit and the impact on state tax collections are important considerations. ....

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No discussion on fuel prices: Amid Red Sea attacks, Hardeep Singh Puri says rates won't be affected unless...

On crude oil and gas prices, petroleum minister Hardeep Singh Puri said the prices would be affected if crude supply is impacted. “.if you think that prices will rise in future, then pray to God that there s no turbulence and things are normal,” he said. ....

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Imran Khan's New Praise For India's Foreign Policy After Fuel Prices Cut

Lauding India for not buckling under the "US pressure" and buying discounted oil from Russia, former Pakistan Prime Minister Imran Khan has said that his government was also working on the same thing with the help of an independent foreign policy ....

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Fuel Prices Cut: "Neither Fair, Nor Reasonable To Expect States To Cut Fuel Taxes": Tamil Nadu Minister

The Tamil Nadu government said the tax cut on fuel by the centre is not reasonable to expect states to cut taxes on fuel. Tamil Nadu Finance Minister Palanivel Thiaga Rajan said they are already facing a loss of Rs 1,000 crore due to earlier cuts. ....

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Union Minister Hardeep Puri: What Petroleum Minister Said On Fuel Prices Cut, Subsidy On Gas Cylinders

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday thanked the Centre for the visionary decision of reducing Central excise on petrol and diesel and said that it underlines PM Modi's unwavering commitment. ....

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