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Centre contemplating reducing taxes on petrol, diesel

The Union government is contemplating reducing excise duties on petrol and diesel to bring down their prices in the domestic market. Notably, the Union government is facing a flak for the record high petrol and diesel prices in the country owing to the high taxation imposed by it. India is the world’s third-biggest consumer of...

LPG cylinders to cost Rs 50 more as crude prices go up

Households will have to shell more for cooking gas from Wednesday onwards as LPG price has been increased by Rs 50 per cylinder. The revision, the second in December, is attributed to the rising crude prices. As per a price notification of the state-run oil marketing companies, the price of non-subsidised 14.2 kg LPG cylinder...