NEW DELHI: The government has reduced the tariff value for import of edible oil, including palm oil, by up to $112 per tonne, a move which experts said can lead to lower domestic prices. The Central Board of Indirect Taxes and Customs (CBIC), through a notification, has cut the tariff import value of crude palm … Read more
NEW DELHI: Soaring petrol and diesel prices are likely to sharpen focus on high fuel taxes when the parliamentary standing committee on petroleum examines the pricing policy on Thursday. Petrol is selling for more than Rs 100 in seven states and nearing the mark in others. Diesel has hit a century in Sri Ganganagar district … Read more
The Himachal Pradesh unit of Congress party staged a protest in Shimla on Friday against the rising inflation and fuel prices across the country. Recently, the fuel prices have crossed the hundred rupees mark in several states. Opposing this move, the All India Congress Committee called for a nationwide agitation on Friday. In the state … Read more
The Centre is in talks with Serum Institute and Bharat Biotech over a revision of Covid-19 vaccine prices, days after issuing fresh procurement guidelines. Currently, the Union government is procuring Covishield and Covaxin at Rs 150. “The revised procurement price per dose is yet to be decided under the new system”, a senior government official … Read more
The cost of petrol is at a record high in Mumbai, where you can buy a litre now for about Rs 101. In Delhi, the price is approximately Rs 95/litre after the latest hike in petrol rates by the state-run oil marketing companies (OMCs). As prices went through the roof, the Reserve Bank of India … Read more
In what has triggered allegations of ‘vaccine profiteering’, the Centre has accused the Capt Amarinder Singh-led government in Punjab of selling the Covaxin doses at over and above the prices they were procured from the Centre, alleging that the state had profiteered from it. Leading the charge was Union Information and Broadcasting Minister, Prakash Javadekar … Read more
The Food and Agriculture Organisation (FAO) Vegetable Oil Price Index gained 7.8 per cent. Rome: Global food prices rose in May at their fastest monthly rate in more than a decade even as world cereal production is on course to reach a new record high, the Food and Agriculture Organisation (FAO) of the United Nations … Read more
MUMBAI/NEW DELHI: India is considering reducing import taxes on edible oils after cooking oil prices hit record highs last month, two government and two industry officials told Reuters, to reduce food costs in the world’s biggest vegetable oil importer. While no decision has been made, the tax reduction could lower local prices and boost consumption, … Read more
(Representational pic: Reuters) There is no change in the price of domestic LPG cylinders that weigh 14.2 kilograms. The price of Liquefied Petroleum Gas (LPG) Cylinder, with weightage of 19 kilograms, has been slashed by Rs 122. After this decrease in price, the cost of one commercial LPG cylinder in Delhi from June 1 is … Read more
Petrol prices in Mumbai have risen past the 100-rupee-a-litre mark for the first time ever, among the costliest in the country and almost twice the price in New York. Retail prices in the city are up 11% this year and reached Rs 100.4 rupees a litre on Monday, Indian Oil Corporation data shows. The equivalent … Read more