Petrol | DD News

March 27, 2026 12:13 PM

Hardeep Puri, FM Sitharaman hail PM Modi’s decision to ‘safeguard citizens’ with excise duty cut on petrol and diesel

Petroleum and Natural Gas Minister Hardeep Singh Puri and Finance Minister Nirmala Sitharaman on Friday welcomed the Centre’s decision to cut excise duties on petrol and diesel, describing it as a timely step to protect citizens from rising global energy prices. The remarks came a day after the government reduced excise duty on petrol and diesel, even as international crude oil prices surged sharply amid geopolitical tensions in West Asia. In a post on X, Puri said the government had chosen ...

March 27, 2026 12:13 PM

Relief for oil marketing companies as Government cuts excise duty on petrol, diesel

The Centre on Friday reduced excise duties on petrol and diesel, offering relief to oil marketing companies (OMCs) amid rising global crude prices. In a notification issued on Thursday, the Union Ministry of Finance reduced the excise duty on petrol to ₹3 per litre from the earlier ₹13 per litre, while the duty on diesel was cut to nil from ₹10 per litre. The ministry said that these reductions have come into effect immediately. The government also imposed a windfall tax of ₹21.5 per li...

October 21, 2025 11:24 AM

Nearly 67 million Indians visit fuel stations daily: Hardeep Puri

Union Petroleum Minister Hardeep Singh Puri on Tuesday said that nearly 67 million Indians visit fuel stations every day, reflecting the country’s growing energy demand in line with its rapid economic progress. Highlighting India’s impressive growth, Puri said the nation has emerged as the world’s fourth-largest economy with a GDP of $4.3 trillion and recorded a strong 7.8 per cent growth in the first quarter of FY25-26. “India currently consumes about 5.5 million barrels of oil per da...

December 2, 2024 6:56 PM

Govt withdraws windfall tax on ATF, crude, petrol, and diesel, easing burden on oil companies

The government on Monday announced the withdrawal of the windfall tax on Aviation Turbine Fuel (ATF), crude oil, petrol, and diesel through a notification introduced in the Lok Sabha. The decision comes as a major relief for oil companies like Reliance Industries and ONGC, which had been bearing the burden of the tax since its imposition in July 2022. The windfall tax was initially introduced to capture a portion of the excess revenue earned by oil companies due to soaring global crude prices a...