Fuel

After global oil prices plummeted, government removed three-week-old tax on petrol exports and reduced windfall levies on international shipments of diesel and ATF, and domestically produced crude oil, on July 19. While the export duty on petrol was abolished at Rs 6, the duty on diesel and jet fuel (ATF) was reduced by Rs 2 per litre. The tariff on domestic crude was also reduced to Rs 17,000 per tonne.

A two-day-old baby died in Sri Lanka's Central Highlands area as the country's fuel crisis worsened. Her father couldn't find petrol for his tuk-tuk to drive her to the hospital. Sri Lanka is battling to raise funds to import fuel and other necessities. India has aided Sri Lanka on multiple occasions, most recently providing 40,000 metric tonnes of diesel under a credit line arrangement on May 21.

Petrol & diesel witnessed another hike in prices by 80 paise, for the 9th consecutive day, on March 30. With the new rise, fuel prices in Delhi: Rs 101.01 petrol, Rs 92.27 diesel, Chennai, petrol is Rs 106.69, diesel is Rs 96.76, in Mumbai petrol & diesel are Rs 115.88 and Rs 100.10, respectively. To protest the fuel price hike, Congress called "Mehngai-Muft-Bharat-Abhiyan, (March 30 to April 7). 

Union Minister Nitin Gadkari blamed the ongoing Russia-Ukraine war for the constant rise in oil prices in India. He stated that 80% of oils are imported to India and that the only way to fight the price hike is to make India self-reliant. He further stated, India will soon have Rs 40,000 crore ethanol, methanol and bio-ethanol production economy, which will bring down India's dependency on other countries for oil.

State-owned fuel companies have again increased the prices for petrol and diesel by 35 paise per litre in India on October 20. Following the hike, one litre petrol and diesel cost Rs 106.19 and 94.92 in Delhi. While Mumbaikars will pay Rs 112.11 a litre on petrol and Rs 102.89 a litre on diesel. Besides, In Kolkata and Chennai, petrol is priced at Rs 106.78 and 103.31 a litre.