All payments made via debit and credit cards, net banking and mobile wallets will be entitled to discounts.
It is a testament to some of the policies that were put in place to raise fuel-efficiency standards
The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.
After making it available at petrol pumps, the convenient 5-kg cooking gas (LPG) cylinder will now be available at kirana stores and supermarkets in select cities.
Oil companies choose to skip the revision this time.
'It is not about trusting the governor but the ground situation not matching with what he has said,' Jammu and Kashmir People's Movement chief Shah Faesal, who was one of the leaders to meet the governor tells Rediff.com's Prasanna D Zore.
'We have no time for meals. We don't sleep on time or have family or community interactions.' 'All this stress has made us pressure cookers without valves.' 'No wonder then we are bursting out with heart attacks,' points out Dr Udgeath Dhir, director, Fortis Memorial Research Institute, Gurugram.
Government may impose a 25 per cent cess on big diesel cars and charge bulk users other than railways and state transport corporations Rs 22 a litre more for diesel as part of a dual fuel pricing policy.
Fuel retailers sell diesel, domestic LPG and kerosene at government controlled rates which are below market price. The loss they thus incur is made good through cash subsidy from the government and dole from upstream firms like Oil and Natural Gas Corporation.
Global supply is staying in excess of demand.
The humble Rs 100 bill had several takers on an otherwise normal weekday evening across the country on Tuesday night, even as police had to be deployed outside ATMs to control the crowd waiting eagerly to get their hands on the banknote.
An Antiguan businessman announced plans to pump $28 million into a regional Twenty20 competition.
The ethanol blended with petrol needs to be of 99.99 per cent purity.
Reliance Industries, India's largest private fuel retailer, may cut petrol and diesel prices by about Re one per litre on Thursday in step with a fall in international oil prices.
Bowing to the demand of state petrol pump operators, Maharashtra Chief Minister Vilasrao Deshmukh on Tuesday agreed to cut state sales tax on petrol and diesel to make auto fuels competitive with neighbouring states.
Reflective of the conglomerate's ambition to turn into a consumer-driven business, most of the 33 acquisitions in the last financial year were for its digital, retail, or related verticals.
The division of the Reliance empire has helped fuel the upward rally in Reliance's market value as shareholders' wealth surged 100 per cent within a year of the demerger, while net profits doubled in two years.
The government is selling its entire 100 per cent stake in Air India but wants effective control to stay with Indian nationals.
The state-run Oil and Natural Gas Corporation may buy stake in Bharat Petroleum Corporation's 6 million tonne Bina Refinery.
The commercial capital may face shortage of petrol and diesel from Tuesday if agitating transporters stop ferrying petroleum products.\n\n\n\n
Low oil prices drove the growth in states' share faster than expected, says Abhishek Waghmare.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
India has an unprecedented opportunity to develop solar industry because like China, it offers scale which is critical to reducing costs and to stimulate innovation, says Shyam Saran.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
Celerio's 793-cc diesel engine is the smallest in the market.
According to the report, the generation projects envisaged for completion by 2018-19 need to be given priority in fuel linkage.
Attending a function where former Bharatiya Janata Party president Nitin Gadkari rolled out business plan of his Purti Group, NCP president and Union Agriculture Minister Sharad Pawar said "there are no untouchables in politics".
'If I don't fulfil promises made in it, I can be sent to jail,' he said.
'Earlier, when they were selling tickets at Rs 1,000, a family of five could travel by flight.' 'When it comes to realistic pricing and the price becomes Rs 5,000, a family of five will have shell out Rs 25,000.' 'How many will be able to afford that?' 'You will see people switching back to train travel which is more realistic.'
The Rajya Sabha on Monday witnessed uproar over the steep Rs 2.35 a litre hike in petrol price and 50 paisa a litre increase in cost of diesel.
The proposed return of refuelling to Formula One in 2017 will only happen if it is affordable, according to Mercedes motorsport head Toto Wolff.
Despite the romance around the car and its early models, Fiat in India will also be remembered as a brand that frittered away the first mover advantage, says Shally Seth Mohile.
It said the money supply recovered to its pre-demonetisation level in mid-2017 and is now increasing steadily, similar to the previous trend.
'Macro headwinds are rising for Indian equities in the form of rising commodity prices, especially oil, depreciating rupee, fiscal challenges, election-related uncertainty and upside risks to inflation'
The excise duty on unbranded petrol was increased from Rs 5.46 per litre to Rs 7.06 a litre.
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
The cost of customising the Thar works out to a cool Rs 13 lakh -- which is over and above the cost of the vehicle.
The proposed lockdown, sans present relaxations, will be implemented from June 19 to 30 and on two Sundays (June 21 and 28) there shall be a full scale shutdown without any relaxations.
