Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs..."/>
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    <h1 class="cat-box-title">Petrol and diesel prices to be slashed, oil companies to share burden -P Suchetana Ray</h1>
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		 Published on</span><span class="text-date"> May 23, 2018</span>
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                            <div align="justify">-Hindustan Times<br /><br /><em>In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15. <br /><br />New Delhi: </em>Fuel prices are likely to be slashed by Rs 2 to Rs 4 in the next few days and a decision will be made after discussions involving the Prime Minister&rsquo;s Office, the finance and oil ministries and state-owned oil marketing companies such as Indian Oil and BPCL, officials in the finance ministry said on Tuesday.<br /><br />The officials, who spoke on condition of anonymity, said part of the cut would come from a reduction in state or central government duties on fuel and part from dealers taking a cut in their commissions and being reimbursed by the oil marketing firms.<br /><br />Taxes account for between 37% and 47% of the retail price of fuel and dealer commissions between 3.8% and 4.8%.<br /><br />&ldquo;Measures will have to be taken in coordination by the ministries of finance and oil. This crisis has been created due to both a weakening rupee and rising crude (prices),&rdquo; said a finance ministry official who did not wish to be named.<br /><br />For every rupee cut in excise duty on petrol and diesel, there is a Rs 13,000-14000 crore hit to the exchequer.<br /><br />In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15.<br /><br />Oil marketing firms have increased prices on each of the nine days.<br /><br />The finance ministry has prepared data on duties and taxes on fuel.<br /><br />It has also worked out the math of the amount of taxes that are shared with states as part of the devolution formula and what goes to the exchequer. The central government levies excise duty on fuel and the states, Value Added Tax or VAT.<br /><br />Please <a href="https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html" title="https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html" class="re" target="_blank">Hindustan Times, 22 May, 2018, https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html</a><div class="clear"></div>
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    <h1 class="cat-box-title">Petrol and diesel prices to be slashed, oil companies to share burden -P Suchetana Ray</h1>
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                            <div align="justify">-Hindustan Times<br /><br /><em>In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15. <br /><br />New Delhi: </em>Fuel prices are likely to be slashed by Rs 2 to Rs 4 in the next few days and a decision will be made after discussions involving the Prime Minister&rsquo;s Office, the finance and oil ministries and state-owned oil marketing companies such as Indian Oil and BPCL, officials in the finance ministry said on Tuesday.<br /><br />The officials, who spoke on condition of anonymity, said part of the cut would come from a reduction in state or central government duties on fuel and part from dealers taking a cut in their commissions and being reimbursed by the oil marketing firms.<br /><br />Taxes account for between 37% and 47% of the retail price of fuel and dealer commissions between 3.8% and 4.8%.<br /><br />&ldquo;Measures will have to be taken in coordination by the ministries of finance and oil. This crisis has been created due to both a weakening rupee and rising crude (prices),&rdquo; said a finance ministry official who did not wish to be named.<br /><br />For every rupee cut in excise duty on petrol and diesel, there is a Rs 13,000-14000 crore hit to the exchequer.<br /><br />In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15.<br /><br />Oil marketing firms have increased prices on each of the nine days.<br /><br />The finance ministry has prepared data on duties and taxes on fuel.<br /><br />It has also worked out the math of the amount of taxes that are shared with states as part of the devolution formula and what goes to the exchequer. The central government levies excise duty on fuel and the states, Value Added Tax or VAT.<br /><br />Please <a href="https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html" title="https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html" class="re" target="_blank">Hindustan Times, 22 May, 2018, https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html</a><div class="clear"></div>
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In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs..." />
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    <h1 class="cat-box-title">Petrol and diesel prices to be slashed, oil companies to share burden -P Suchetana Ray</h1>
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                            <div align="justify">-Hindustan Times<br /><br /><em>In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15. <br /><br />New Delhi: </em>Fuel prices are likely to be slashed by Rs 2 to Rs 4 in the next few days and a decision will be made after discussions involving the Prime Minister&rsquo;s Office, the finance and oil ministries and state-owned oil marketing companies such as Indian Oil and BPCL, officials in the finance ministry said on Tuesday.<br /><br />The officials, who spoke on condition of anonymity, said part of the cut would come from a reduction in state or central government duties on fuel and part from dealers taking a cut in their commissions and being reimbursed by the oil marketing firms.<br /><br />Taxes account for between 37% and 47% of the retail price of fuel and dealer commissions between 3.8% and 4.8%.<br /><br />&ldquo;Measures will have to be taken in coordination by the ministries of finance and oil. This crisis has been created due to both a weakening rupee and rising crude (prices),&rdquo; said a finance ministry official who did not wish to be named.<br /><br />For every rupee cut in excise duty on petrol and diesel, there is a Rs 13,000-14000 crore hit to the exchequer.<br /><br />In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15.<br /><br />Oil marketing firms have increased prices on each of the nine days.<br /><br />The finance ministry has prepared data on duties and taxes on fuel.<br /><br />It has also worked out the math of the amount of taxes that are shared with states as part of the devolution formula and what goes to the exchequer. The central government levies excise duty on fuel and the states, Value Added Tax or VAT.<br /><br />Please <a href="https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html" title="https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html" class="re" target="_blank">Hindustan Times, 22 May, 2018, https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html</a><div class="clear"></div>
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Home हिन्दी

Petrol and diesel prices to be slashed, oil companies to share burden -P Suchetana Ray

Published on May 23, 2018   Modified on May 23, 2018

-Hindustan Times In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15. New Delhi: Fuel prices are likely to be slashed by Rs 2 to Rs 4 in the next few days and a decision will be made after discussions involving the Prime Minister’s Office, the finance and oil ministries and state-owned oil marketing companies such as Indian Oil and BPCL, officials in the finance ministry said on Tuesday. The officials, who spoke on condition of anonymity, said part of the cut would come from a reduction in state or central government duties on fuel and part from dealers taking a cut in their commissions and being reimbursed by the oil marketing firms. Taxes account for between 37% and 47% of the retail price of fuel and dealer commissions between 3.8% and 4.8%. “Measures will have to be taken in coordination by the ministries of finance and oil. This crisis has been created due to both a weakening rupee and rising crude (prices),” said a finance ministry official who did not wish to be named. For every rupee cut in excise duty on petrol and diesel, there is a Rs 13,000-14000 crore hit to the exchequer. In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15. Oil marketing firms have increased prices on each of the nine days. The finance ministry has prepared data on duties and taxes on fuel. It has also worked out the math of the amount of taxes that are shared with states as part of the devolution formula and what goes to the exchequer. The central government levies excise duty on fuel and the states, Value Added Tax or VAT. Please click here to read more.

Hindustan Times, 22 May, 2018, https://www.hindustantimes.com/business-news/petrol-and-diesel-prices-to-be-slashed-oil-companies-to-share-burden/story-CapGIKXhN5J3TM5d4weQIP.html

Tagged with: Fuel Inflation Fuel Prices Diesel prices Petrol Prices Excise Duty Value Added Tax (VAT)

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