Diesel fuel & India — Ministry of Petroleum and Natural Gas

Diesel fuel: The export duty on Diesel fuel has been reduced to Rs 13.5 per litre, affecting its export profitability from India.

India — Ministry of Petroleum and Natural Gas: The India — Ministry of Petroleum and Natural Gas>>> is the primary government agency responsible for implementing and overseeing the fuel security measures, including strategic reserves, supply management, and enforcement actions. Its joint secretary, Sujata Sharma, is the key spokesperson for these initiatives.

Diesel fuel: Diesel fuel sales are experiencing record losses due to frozen retail prices and increased international Petroleum prices, leading to the imposition of a Special Additional Excise Duty on its exports.

India — Ministry of Petroleum and Natural Gas: The India — Ministry of Petroleum and Natural Gas reported significant under-recoveries for public sector oil marketing companies due to global petroleum price increases.

Diesel fuel: The export levy on Diesel fuel>>> was reduced, and excise duties were cut, aiming to ease the price burden on consumers and stabilize its domestic market.

India — Ministry of Petroleum and Natural Gas: The India — Ministry of Petroleum and Natural Gas>>> is responsible for implementing policies related to fuel prices and supply management in India>>>, directly influencing the domestic market.

Diesel fuel: The price of Diesel fuel has increased by nearly Rs 5 per litre in under 10 days, contributing to higher transportation costs and inflationary pressures across the economy of India.

India — Ministry of Petroleum and Natural Gas: The India — Ministry of Petroleum and Natural Gas, through its Joint Secretary, provided information on the losses incurred by state-run oil firms due to fuel sales.

Diesel fuel: The export duty on Diesel fuel was increased to Rs 14 per litre, making its export less attractive and aiming to boost domestic availability.