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petroleum product news

India’s road building, maintenance to suffer due to US-Iran war

The pace of national highway construction has already declined to 23.74 km per day in 2025-26 (till the third week of March), down from 29.21 km/day in 2024-25 and 33.83 km/day in 2023-24, according to ratings agency CareEdge.
india news
Updated on Apr 04, 2026 06:21 am IST

Tax cuts, 2 slabs, tobacco at 40%: Here's what to expect from revamped GST

PM Modi had announced that as a gift to citizens, next-generation reforms to the GST will be introduced by Diwali.
india news
Updated on Aug 15, 2025 11:59 pm IST

India’s LNG dependence: Domestic shortfalls and global risks

PREMIUM
LNG
economy
Published on Apr 07, 2025 07:01 pm IST

India's LNG terminals at less than half capacity, regulator proposes new rules

The Petronet Dahej LNG Terminal (HT Archive)
business
Published on Jun 30, 2024 10:43 pm IST

After bearing brunt of Europe energy crisis, Pak plans to open up gas access

Hammad Azhar, Pakistan's energy minister, speaks during an interview in Islamabad, Pakistan, on Thursday, Jan. 27, 2022. 
world news
Published on Feb 05, 2022 05:39 am IST

Biden taps oil from US strategic petroleum reserve. Here's all you need to know

Oil pumpjacks stand in the Inglewood Oil Field on November 23, 2021, in Los Angeles, California. 
world news
Published on Nov 24, 2021 11:56 am IST

Dharmendra Pradhan urges GST Council to bring petroleum products under purview

Pradhan's appeal came amid petrol and diesel prices hitting a record high in the national capital on Tuesday after a temporary pause on the upward trend.
business
Published on Feb 23, 2021 05:23 pm IST

12.7 per cent dip in diesel demand in July

Consumption of diesel in July dropped to 5.5 million tonnes (MMT) compared to 6.3 million tonnes in June.
india news
Updated on Aug 24, 2020 01:26 am IST

Disentangling India’s trade surplus

Will the self-reliance campaign create local manufacturing to substitute certain import items?
analysis
Updated on Jul 20, 2020 06:55 am IST

Demand for petroleum inches towards normalcy

India’s overall petroleum products consumption, which had nosedived in last week of March and April this year, is now steadily getting to its pre-lockdown levels in June’20, according to a petroleum ministry statement.
business
Published on Jul 01, 2020 11:35 pm IST

Auto fuel dealers urge Delhi govt to roll back 30% VAT hike on petroleum products

People walk past parked autos and cars in a parking during an extended nationwide lockdown to slow the spread of the coronavirus disease (COVID-19) in New Delhi, India, May 3, 2020. REUTERS/Danish Siddiqui
delhi news
Updated on Jun 05, 2020 02:16 am IST

Indian states are short of money. They need help | Opinion

Stranded migrant workers queue to collect health certificates, Pune, May 6, 2020
analysis
Updated on May 17, 2020 06:48 pm IST

Sanitary napkins—An essential commodity to keep women clean and safe during COVID-19 lockdown

Amar Tulsiyan, founder of Shudh Plus Hygiene Products and manufacturer of Niine Sanitary Napkins, says that sanitary napkins should be listed under essential commodities.
brand post
Updated on Mar 25, 2020 04:44 pm IST

GST on petroleum products only when states and GST council agree, says Sitharaman

Union Finance Minister Nirmala Sitharaman has said this year’s Budget has laid the foundation for a five trillion dollar economy with a majority of the government’s expenditure being for building infrastructure.
india news
Updated on Feb 09, 2020 08:49 pm IST

Rescuers wait for special vessel as efforts to tug tanker grounded off Goa remain fruitless

Agencies involved in salvaging the grounded 11,000-tonne chemical tanker Nu Shi Nalini off Goa will resume their attempt after a specialised towing vessel from Mumbai reaches the state
india news
Published on Oct 28, 2019 11:46 pm IST

India’s fuel demand dips to lowest in over two years

Diesel, the most used fuel in the country, saw demand drop by 3.2 per cent to 5.8 million tonnes.
business
Updated on Oct 16, 2019 05:53 pm IST

India, Nepal inaugurate South Asia’s first cross-border oil pipeline

Prime Minister Narendra Modi and his Nepalese counterpart KP Sharma Oli inaugurated via video conference Asia’s first cross-border oil pipeline.
india news
Updated on Sept 10, 2019 06:26 pm IST

Plastic to petrol: IIP scientists develop tech to counter ecological threat

Union Health Minister Harsh Vardhan and Uttarakhand Chief Minister Trivendra Singh Rawat visit a plastic recycling plant at Indian Institute of Petroleum (IIP) in Dehradun on Tuesday. The plant processes plastic waste into fuel.
india news
Updated on Aug 28, 2019 04:04 pm IST

2 years on, a look at the hits and hurdles of Goods and Services Tax

The experience so far has not been encouraging on the fiscal front. The budget numbers speak for themselves.
budget
Updated on Jul 01, 2019 08:23 am IST

Oil prices cloud India’s macroeconomic outlook

International oil prices are determined by factors such as global growth rates and geopolitics regarding oil producing countries, which are located outside the Indian economy
editorials
Updated on May 01, 2019 08:41 am IST

Rise in exports, lower imports narrow India’s trade deficit

India’s merchandise exports rose to USD 26.67 billion in February from USD 26.03 per cent in the year-ago month mainly on account of higher shipments in sectors such as pharmaceutical, engineering and electronics.
business
Updated on Mar 16, 2019 02:03 am IST

Petrol, diesel see big price hikes on Sunday

An employee shows the revised prices of petrol and diesel to a customer at a fuel station.
business
Updated on Jan 20, 2019 07:29 pm IST

Over 450 medium, heavy goods vehicles denied entry into Delhi

More than 450 heavy and medium goods vehicles were sent back from Delhi borders due to a three-day ban on their entry till Sunday.
india news
Updated on Nov 11, 2018 12:17 pm IST

Fuel prices continue to soar, petrol at Rs 82.72 in Delhi

Fuel prices continue to burn holes in the pocket of common people, showing no sign of relief in the coming days.
india news
Updated on Oct 14, 2018 01:04 pm IST

Fuel price cut an ‘electoral lollipop’, says Congress after another hike

With petrol and diesel prices continuing to rise, the Congress on Sunday termed the Rs 2.5 a litre cut in the fuel prices by the Centre an “electoral lollipop” aimed at the five poll-bound states.
india news
Updated on Oct 07, 2018 11:56 pm IST

No plan to cut taxes on fuel till central duties reduced to 2014 level: Kerala

People get their two-wheelers filled with petrol at a fuel station in Ahmedabad on May 14.
india news
Updated on Oct 04, 2018 11:09 pm IST

Petrol crosses 90 mark in Mumbai, shoots up in other cities

An employee pumps fuel into a car at a Shell petrol station in Nairobi, Kenya, September 20, 2018. REUTERS/Baz Ratner
business
Updated on Sept 24, 2018 10:21 am IST

Council to discuss bringing natural gas under GST in next meeting

The inclusion of natural gas within the GST framework on an experimental basis would be put before the GST Council in its forthcoming GST Council meeting
business
Updated on Jun 08, 2018 05:09 pm IST

Why state govts are reluctant to cut taxes on petroleum products

People queue up at a petrol station in Kothrud in Pune on Monday.
india news
Updated on May 23, 2018 10:07 am IST

April exports rise 5.17% to $25.91 billion

Engineering, chemicals and pharmaceutical exports recorded a growth of 17.63 per cent, 38.48% and 13.56%.
business
Updated on May 15, 2018 06:48 pm IST
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