NEW DELHI: Cleaner, but costlier, Euro-IV standard petrol and diesel will be available from April 1 in 13 cities across the country, petroleum secretary S Sundareshan said in New Delhi on Wednesday.
At a function to mark the launch of the cleaner fuel, he said: "From April 1, Euro-IV standard fuel will be available in 13 cities in India". These cities will include Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bangalore.
Sundareshan noted that the oil firms had made an investment of over Rs 40,000 crore to upgrade their refineries to produce the cleaner grade of petrol and diesel. This was likely to be onpassed to the consumer, he indicated.
The secretary said the Euro-IV petrol will cost 46 paise per litre more than Euro-III, while Euro-IV diesel will be 26 paise costlier.
Sundareshan added that oil firms were already facing a loss of Rs.70,000 crore this year as auto fuels and cooking gas were sold at highly subsidized rates.
Subscribe to:
Post Comments (Atom)
๐ Section 194T of the Income Tax Act: TDS on Payments to Partners by Firms and LLPs
The Income Tax Act has introduced a brand-new section – Section 194T – that changes how partnership firms and LLPs deal with payments to ...
-
Your credit information report (CIR) contains details of your credit history and track record in taking and repaying loans from banks and fi...
-
TDS Rates & Provisions TDS (Tax Deducted at Source) is a tax collection mechanism under the Income Tax Act, 1961, where tax is deducted... -
Limited Liability Partnership Vs Private limited Company Limited Liability Partnership (LLP) is a corporate business vehicle that prov...
No comments:
Post a Comment