Petrol and Diesel

Photo: Science News For Students

Centre Refuses Excise Duty Cut On Fuel Products

The central government refuses to cut the excise duty cut on fuel products for fiscal concerns and a ₹10 cut may lead to a fiscal deficit of 0.58%, while it reduces inflation by just 0.2%. However, on July 20, the Centre explained that the petrol and diesel excise duty are being used for developmental infrastructure. Reportedly, additional expenditure for FY22 is expected during revised estimates.

Wed, 21 Jul 2021 - 08:15 PM / by Aditi Chavan

Tags: Excise Duty, Fuel, Inflation, Centre

Courtesy: Money Control

Representational Image

Photo: India TV

Petrol Crosses Rs 100 Mark In Maharashtra; Diesel Up By 33 Paise

Following Rajasthan and MP, petrol on May 10 reached Rs 100.20/litre in Maharashtra's Parbhani as the prices increased for the fifth time within a week since May. Crossing the century mark second time in 2021, the overall petrol and diesel price has increased by Rs 1.14 and Rs 1.33/litre since May 4. On May 10, the increase was recorded as 26-paise for petrol and 33-paise for diesel.

Mon, 10 May 2021 - 06:07 PM / by Sohini Mandal

Tags: fuel prices hike, Petrol, Diesel, Fuel, Maharashtra

Courtesy: The Indian Express

Mukesh Ambani

Photo: Forbes India

Reliance Shares Tumble Over 8.64%; Mukesh Ambani's Net Worth Sheds $5 Bn

Reliance's shares on November 2 fell almost 8.64%, causing Mukesh Ambani to lose over $5 billion from his net worth. Besides, the company's quarterly profit stood at $1.3 billion, registering a 15% decline. The fall can be attributed to the drop in demand in the oil-sector. Currently, the Asia's richest man is planning to reduce the company's dependency on its oil-and-petrochemicals wing and expand technology and digital services division.… read-more

Tue, 03 Nov 2020 - 11:08 AM / by Shivam Chandrashekhar Kulkarni

Tags: Mukesh Ambani, Fuel, Reliance, Shares

Courtesy: Economic Times