Diesel Price Hike

  • PM Modi takes stock of food inflation, faces flak over fuel price hike July 1, 2014

    New Delhi: The first big challenge for the Narendra Modi government has coming close on the heels of the delayed monsoon with the prices of food commodities having risen sharply. Prime Minister Narendra Modi has taken stock of the rise in prices of essential commodities and asked states to urgently...
  • Congress will demand Leader of Opposition position: Ashwani Kumar June 4, 2014

    New Delhi: Ahead of Parliament session, senior Congress leader and Rajya Sabha MP Ashwani Kumar said that his party will seek an explanation on the diesel price hike. He also said that the Congress will demand that they should be given the post of Leader of Opposition but the choice...
  • Akhilesh attacks Modiled NDA for hike in diesel prices June 14, 2014

    Opening front against the newlyformed NDA government at the Centre for hike in diesel prices, Uttar Pradesh chief minister Akhilesh Yadav on Sunday said people of the country will see "more such things" in the coming days. "Diesel prices have been hiked and the people will see more such things...
  • Oil Minister Dharmendra Pradhan justifies diesel price hike June 1, 2014

    New Delhi: The Bharatiya Janata Partyled NDA government which is under fire for raising diesel prices just days after coming to power defended its decision saying the fare for bulk consumption has come down. Speaking to CNNIBN, Union Oil Minister Dharmendra Pradhan justified his department's move saying that its priority was...
  • Diesel prices hiked by over re 1 a litre May 13, 2014

    Diesel prices have been hiked by a rupee and nine paise per litre with effect from Monday midnight. The hike excludes state sales tax or VAT. The hike will also vary across cities in India. The monthly increase in diesel rates were put on hold just before the elections began....
  • Government planning higher dose of diesel prices January 9, 2014

    New Delhi: The government is planning a higher dose of diesel prices to cut the fuel subsidy bill, Petroleum Secretary Vivek Rae said in New Delhi on Thursday. "We are circulating the Kirit Parikh report for interministerial consultation. The suggestions for higher dose of diesel price would be part of it,"...
  • Petrol prices hiked by 75 paise, diesel prices by 50 paise January 3, 2014

    New Delhi: Petrol price was on Friday hiked by 75 paise and diesel by 50 paise a litre as rise in global oil rates and fall in rupee value increased the cost of production. The hikes, effective midnight tonight, are excluding local sales tax or VAT and actual increase will be...
  • Jayalalithaa slams diesel price hike, demands roll back October 1, 2013

    Decrying the hike in diesel prices as "unjustified" action, Tamil Nadu Chief Minister J Jayalalithaa on Tuesday demanded its roll back and withdrawal of powers granted to oil companies to regulate fuel prices. "There was no justification to resort to diesel price hike when the prices of crude oil in the...
  • Rs 5/L diesel price hike unlikely as rupee gains: Sources September 11, 2013

    New Delhi: The steep Rs 5 per litre diesel price hike sought earlier to foot the heavy import bill may not be required due to the recovery in the rupee, the Oil Ministry sources told CNBC-TV18's Nayantara Rai. Instead, the ministry is likely to seek a one-time Rs 3-4...
  • India eyes diesel price rise, fuel consumption curbs September 7, 2013

    India may announce more measures to curb fuel consumption later this month and raise diesel prices by close to 10 percent soon in a bid to cut the biggest item in its import bill and support the rupee, government officials said. The world's fourth-biggest energy user is considering a Rs 3...
  • Diesel under-recovery rises sharply to Rs.12.12/litre September 2, 2013

    New Delhi: The under-recovery, or revenue loss, applicable on diesel for the first fortnight effective Sep 1 has been pegged sharply upwards at Rs.12.12 per litre, the petroleum ministry said on Monday. This compares to the under-recovery of Rs.10.22 per litre during the second fortnight of August 2013. "In the case of PDS...
  • Petrol price hiked by Rs 2.35 per litre, diesel by 50 p August 31, 2013

    New Delhi: Petrol price was Saturday hiked by a steep Rs 2.35 per litre, the sixth increase in rates in three months, and diesel by 50 paise per litre on falling rupee and firming international oil prices. The increase in rates, which will be effective from Saturday midnight, are excluding local...
  • Diesel price hike will result in inflation, make life difficult: Delhi residents May 11, 2013

    The diesel price was hiked by 90 paise on Friday. ...
  • Diesel price hiked by 45 paisa per litre March 22, 2013

    New Delhi: Diesel price was on Friday hiked by 45 paisa per litre, the third increase in the rate of nation's most consumed fuel since January. Diesel price will be hiked by 45 paisa, excluding VAT, from midnight tonight, Indian Oil Corp (IOC), the nation's largest oil firm, announced. In Delhi,...
  • Petrol prices may be cut by Re 1 per litre; diesel to be costlier March 14, 2013

    New Delhi: Petrol price may be reduced by about Re 1 per litre while diesel price may be hiked by 40-50 paisa a litre from March 15 or 16. While petrol prices are being cut in step with falling international oil rates, diesel rate increase would be in line with...
  • BJP to continue raising diesel price rise in Parliament March 5, 2013

    New Delhi: BJP on Tuesday said it will continue to raise in both Houses of Parliament the issue of diesel price hike, which is hitting the common man, but not stall proceedings. The matter was discussed at the BJP Parliamentary Party meeting attended by its top leaders on Tuesday morning....
  • Pawan Kumar Bansal to present Rail Budget on Tuesday February 25, 2013

    New Delhi: All eyes will be on Railway Minister Pawan Kumar Bansal on February 26 on whether he yields to pressure of hiking passenger fares yet again or looks at other measures to mobilise resources to offset the burden of the recent diesel price hike. Bansal had on January 22...
  • Railways seeks additional budgetary support February 4, 2013

    New Delhi: The Ministry of Railways has sought additional funding from the Centre after the recent diesel price hike. Minister of Railways Pawan Bansal on Saturday said, "Rs 6600 crore is enough for operational work only. We have insufficient funds for other maintenance work. If we need to hire more...
  • Diesel prices to go up by 40 to 50 paise per litre every month February 1, 2013

    New Delhi: Diesel prices set to go up monthly after the government decided to withdraw diesel subsidy. Oil companies say they will increase the price of diesel by 40 to 50 paise per litre every month. The price will continue to be increased till decided otherwise. The intention is to...
  • Gujarat buses line up at fuel stations after price hike January 30, 2013

    Ahmedabad: In Gujarat, over 7000 stateowned buses of the GSRTC are now buying diesel at petrol stations instead of their own depot. The reason the centre's price hike by Rs 12 per litre which has hit the alreadylossmaking bus service. By buying in the open market, GSRTC pays Rs...
  • Price rise: UP BJP to take out Atal Sankalp Yatra January 21, 2013

    New Delhi: The Bharatiya Janata Party's Uttar Pradesh unit will be carrying out a yatra in Lucknow on Monday to protest against the diesel price hike and general price rise. The yatra, called Atal Sankalp Yatra, will also act as a show of strength by those party leaders who are eyeing...
  • Diesel price hike will help reduce fiscal deficit: FICCI January 20, 2013

    New Delhi: The government's decision to deregulate diesel prices would marginally increase the monthly inflation in the shortrun, but eventually would help to reduce fiscal deficit, FICCI said on Saturday. "The spike in inflation (by 67 basis points), which is most likely to be observed, would be a shortrun phenomenon that...
  • Mamata says she had wanted to remain in the UPA January 19, 2013

    Kolkata: Months after her party quit the Congressled UPA government, West Bengal Chief Minister Mamata Banerjee on Saturday claimed she had wanted to remain in the government, but was forced to pull out as the Centre did not accede to her demands. "We did not want to leave the UPA....
  • Diesel price hike will help reduce fiscal deficit: FICCI January 19, 2013

    New Delhi: The government's decision to deregulate diesel prices would marginally increase the monthly inflation in the shortrun, but eventually would help to reduce fiscal deficit, FICCI said on Saturday. "The spike in inflation (by 67 basis points), which is most likely to be observed, would be a shortrun phenomenon...
  • No question of rollback of diesel price decision: Veerappa Moily January 19, 2013

    It appears that partial deregulation of diesel is here to stay, and Oil Minister Veerappa Moily has ruled out the possibility of a rollback in diesel prices. ...
  • TN: AIADMK protest against diesel, train fare hike January 19, 2013

    Chennai: Tamil Nadu chief minister J Jayalalithaa on Saturday announced a statewide protest against the hikes in diesel prices and the train fares. The protest would be held on January 24 outside central government offices. The protests would be led by the AIADMK's labour wing. Stepping up her attack on the UPA...
  • Diesel demand in India seen immune to price hikes January 19, 2013

    New Delhi: India's demand for diesel will stay buoyant despite its plan to hike the price of the fuel in small monthly steps, analysts and company officials said on Friday, and the country will keep up the pace of its exports of diesel. From Thursday, government allowed state fuel retailers to...
  • Mamata terms diesel price hike unfortunate, demands rollback January 18, 2013

    Kolkata: West Bengal Chief Minister Mamata Banerjee on Friday termed as "unfortunate" and "antipeople" the hike in diesel price and demanded its immediate rollback in the interest of the common people. "Unfortunate, unfortunate, unfortunate. Yet another antipeople decision has been taken by the UPA government. Diesel prices have been deregulated...
  • UPA government an exploiter of the poor: Mamata January 18, 2013

    Haringhata: Describing the UPA government as an 'exploiter' of the poor, West Bengal Chief Minister Mamata Banerjee today attacked it on the latest diesel price hike. "This government is an exploiter of the poor people. It is very distressing that prices of diesel have been further increased," Mamata said. "After...
  • Diesel price hike may boost refiners, divestment drive January 18, 2013

    Mumbai/New Delhi: India's move to raise the price of subsidised diesel should help with its plans to sell shares in state companies including Oil India Ltd to help bridge the government's fiscal deficit and gives a boost to private oil refiners looking to enter the market for bulk diesel sales....