Tag: Diesel
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Petrol and Diesel Prices Rise Ahead of Fortnightly Review: What It Means for Consumers
Overview: A Fresh Increase in Fuel Prices In a move approved by the government after recommendations from the Oil and Gas Regulatory Authority (OGRA) and consultations with relevant ministries, petrol and diesel prices have been increased ahead of the upcoming fortnightly review. The adjustment sees petrol rising by Rs 2.43 per litre and diesel by…
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Petrol and Diesel Prices Rise Ahead of Fortnightly Review: What Drivers Need to Know
Overview: Fresh price increases ahead of the fortnightly review The government has approved a fresh round of price hikes for petroleum products ahead of the next fortnightly review, following recommendations from the Oil and Gas Regulatory Authority (OGRA) and consultations with relevant ministries. Petrol prices have risen by Rs2.43 per litre, while diesel prices increased…
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Tinubu Approves 15% Import Duty on Petrol and Diesel
President Tinubu Announces 15% Import Duty on Petrol and Diesel In a surprising policy shift, President Bola Tinubu has approved a 15 percent ad valorem import duty on premium motor spirit (PMS), commonly known as petrol, and on diesel. The approval, disclosed in a letter dated October 21, 2025, signals a strategic move by the…
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Tinubu Approves 15% Import Duty on Petrol and Diesel: What It Means for Nigeria
Overview: Tinubu’s 15% import duty on petrol and diesel Nigeria’s President Bola Tinubu has approved a 15 percent ad-valorem import duty on two key fuels: premium motor spirit (PMS), commonly known as petrol, and diesel. The approval comes via a presidential directive dated October 21, 2025, and was brought to light through a formal communication…
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2025 Mahindra Thar Facelift: New Colors, Five Variants, and Specs
Overview: The 2025 Thar Facelift Makes a Quiet Yet Notable Return Mahindra has unveiled the 2025 Thar facelift, bringing refreshed aesthetics, two fresh color options, and a clarified lineup that emphasizes hard-top variants. While the mechanicals remain largely consistent with the outgoing model, the design tweaks and pricing structure position the Thar to compete effectively…
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Russia Extends Gasoline Export Ban Through December 2025
What the government decided The Russian government has renewed the temporary ban on exporting gasoline, extending it through December 31, 2025. The measures apply to all exporters and come into effect one day after official publication. In addition to gasoline, the ban covers the export of diesel fuel, marine fuels, and other gas oils, with…
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The Possibility of Bringing Petrol and Diesel Under GST
Understanding the Current Taxation on Petrol and Diesel In India, petrol and diesel are currently subjected to a variety of taxes, which include the state excise duty, central excise duty, and VAT. These taxes contribute significantly to the final retail price, which varies widely across states. The burden of these taxes often leads to fluctuations…