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The Latest Breaking News from Petrol

Data | Will a cut in Centre’s excise duty on petrol reduce States’ sales tax revenue?

Data show that a drop in the Centre’s excise duty, regardless of the component deducted, reduces the States’ VAT collections

The Hindu

Relative of slain gangster James Whelan says firebombers will 'get what they deserve'

It comes after the home of James Whelan's mother was attacked with a suspected petrol bomb on Saturday

Dublin Live

Sri Lanka increases fuel prices to address economic crisis

Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term.

Reuters

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Sri Lanka hikes fuel prices, encourages people to work from home

Sri Lanka hiked petrol prices by 20%-24% on Tuesday and also increased diesel prices by 35%-38%, Power and Energy Minister Kanchana Wijesekera said.

Reuters

Tomato breaks 100-rupee barrier as traders cite shortfall in Mumbai

MUMBAI: After petrol and diesel, it is the common tomato that has broken the 100-rupee barrier. The retail price of a staple unit of 1 kg crossed a century in Pali Market Bandra, Matunga, Mulund and Byculla as well as in online stores.

The Times of India

Chalmers aims to deal with cost pressures

Incoming Treasurer Jim Chalmers has warned inflation is "high and rising", dismissing suggestions that Labor is inheriting a well-performing economy.

AAP

Concerns that road user discounts will shift freight from trains to trucks

Government refuses to extend track user discounts to mirror cuts to petrol excise and roads user costs, sparking worries Kiwirail will lose freight customers to higher-emitting trucks

Newsroom.co.nz

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Centre depriving Opposition-ruled States of funds: Mamata

West Bengal govt. rules out cut in State taxes on fuel

The Hindu

Sainsbury's petrol station major change that could cost you more at the pump

Supermarket titan Sainsbury's is making a major change to the way it runs 315 of its petrol station forecourts as a response to the Russian invasion of Ukraine

Daily Mirror

Consumers yet to fully benefit from petrol tax cut: Balagopal

79 paise hike in base price of the fuel

The Hindu

Tech & Science Daily: UK Monkeypox cases on the rise

Plus, Europe’s first autonomous petrol station launches

Evening Standard

Petrol prices soar above $2 per litre amid warnings they could rise higher still

Australian petrol prices are on track to reach new record highs in the coming weeks as capital city bowsers soar above $2 per litre.

The New Daily

Sainsbury's confirm new fuel ban coming to every UK supermarket petrol station

Sainsbury's is phasing out the sale of petrol stations as it pledges its support for the people of Ukraine. There will be no Russian diesel available at any of Sainsbury's 315 forecourts.

Edinburgh Live

Nepal raises retail fuel price, stoking inflation fears

Nepal's state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% because of rising global oil prices, an official said on Monday, stoking concerns consumer inflation will be further pushed up.

Reuters

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Daily Record

Sainsbury's major fuel change will impact all 315 petrol stations

The supermarket-giant will phase Russian diesel out all of their 315 forecourts across the UK by the end of the year.

Liverpool Echo

Asda, Sainsbury's and Costco: Cheapest petrol prices today

Fuel prices differ across the region, these are the cheapest on May 23

Dublin Live

Garda fears that firebomb attacks could ignite Flashy gang war

The home of a key associate of the Dublin crime boss was targeted in an arson attack late on Saturday night

The Times of India

Rajasthan has costliest petrol and diesel in country, says Union minister Gajendra Singh Shekhawat

JAIPUR: Union Jal Shakti Minister Gajendra Singh Shekhawat lashed out at chief minister Ashok Gehlot for providing the costliest petrol and diesel to the residents in the state on Sunday. He said that Gehlot should stop blaming the Central government and rather focus on providing relief to the people of…

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The Times of India

No proposal to cut VAT on fuel in Madhya Pradesh

BHOPAL: State finance minister Jagdish Dewda on Sunday welcomed the decision of the Union government to reduce excise duty on petrol and diesel but said that there is no proposal to reduce VAT on the two commodities in MP.

The Times of India

Fuel VAT down, but pressure on Maharashtra govt to give more relief

MUMBAI: A day after the central government cut excise duty on petrol and diesel by Rs 8 and Rs 6 respectively, the state government’s value added tax (VAT), which is levied on an ad valorem (according to value) basis, automatically reduced by Rs 2.08 and Rs 1.44 per litre of…

Dublin Live

Second home in Finglas targeted in suspected petrol bomb attack

It comes after an attack during the early hours of Saturday morning on an innocent family member of James Whelan

AAP

Punishment at the petrol pump: Chalmers

New federal treasurer Jim Chalmers says motorists are being punished at the bowser again, but won't promise to retain the fuel excise cut beyond September.

The Hindu

Many States reluctant to cut fuel tax

They call for further cuts in Union taxes; Maharashtra bites fuel tax bullet

Daily Record

New Greggs or Costa plan binned for Ayrshire BP petrol station

Five new car park spaces would've been created too.

The Hindu

Pressure building on CM to reduce sales tax on petrol, diesel

No discussion on reduction of KST on petroleum products has taken place so far

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