Tag: petrol

Diesel-Petrol VAT rate slashed in MP: Additional surcharge on diesel abolished

Newsroom24x7 Staff Bhopal: Madhya Pradesh Chief Minister Shivraj Singh Chouhan today (13 October 20`17) announced the decision to reduce the VAT rate on diesel and petrol. The Chief Minister further announced that the additional surcharge of Rs. 1.50 per litre charged on diesel also has been abolished. The new rates will come in effect from

Continue reading

Modi reiterates commitment to transform quality of life, infrastructure and services

Newsroom24x7 Desk New Delhi: On the first anniversary of his government, Prime Minister Narendra Modi on Tuesday said our objective is to transform quality of life, infrastructure and services. He also gave the assurance to the people that the goal is to “build the India of your dreams and that of our freedom fighters.” In

Continue reading

Second hike in petrol, diesel prices within a fortnight

Newsroom24x7 Staff New Delhi: People across India received a huge shock on Friday evening as Petrol and diesel prices were hiked for the second time within a fortnight. Petrol prices were raised today by 3.13 per litre and diesel prices by Rs 2.71 per litre. Since taxes and levies differ from state to state, people

Continue reading

Fitch Rates Bharat Petroleum’s US$ 2bn MTN Programme as ‘BBB-‘

Company’s net leverage to increase to around 5x over the next two to three years Singapore/Mumbai, Jan.28: Fitch Ratings has assigned a ‘BBB-‘ rating to India-based Bharat Petroleum Corporation Limited’s (BPCL; BBB-/Stable) USD2bn medium-term note programme. KEY RATING DRIVERS Strong Government Linkage: BPCL has very strong linkages – operationally and strategically – with its 54.9%

Continue reading