Diesel Prices

  • With eye on assembly polls, government considers 40-50 paise per litre cut in diesel price 3 days ago

    New Delhi: In a move that will put more money in your pockets, the Oil Ministry on Wednesday sought the Law Ministry's views on cutting diesel prices. The government is reportedly keen to cut diesel prices by 40 to 50 paise per litre. The Oil Ministry has asked the Law Ministry...
  • RBI Governor urges Centre to de-regulate diesel prices 5 days ago

    Mumbai:Even as the government is continuing with a phased de-regulation of diesel prices, RBI Governor Raghuram Rajan has urged the Centre to completely de-regulate diesel prices. Rajan on Monday said diesel price de-regulation is especially important in the wake of rising global crude oil prices. "De-regulation will empower state-owned oil firms...
  • Jaya asks Modi to put an end to monthly increase in fuel price July 31, 2014

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Thursday requested Prime Minister Narendra Modi to put a "full stop" to the monthly increase in diesel price by oil marketing companies introduced during the previous UPA regime. Seeking rollback of Thursday's increase in diesel price by 56 paise per litre, Jayalalithaa...
  • Petrol price cut by Rs 1.09 per litre, diesel hiked by 50 paise per litre July 31, 2014

    New Delhi: Oil companies have cut petrol prices by Rs 1.09 per litre with effect from midnight tonight. However, diesel prices have been hiked by 50 paise per litre. Petrol price was reduced following drop in international oil rates and rupee depreciation against US dollar, making imports cheaper. For the...
  • Price of diesel sold to bulk consumers cut by Rs 1.09 per litre July 15, 2014

    New Delhi: Price of diesel sold to bulk consumers like Railways and State Transport Corporations on Tuesday was cut by Rs 1.09 per litre in line with falling international rates. However, diesel sold to retail consumers like cars and trucks have not been revised. Official sources said price of bulk diesel sold...
  • Oil Ministry may propose hike in LPG price by Rs 250 per cylinder July 4, 2014

    New Delhi: The Oil Ministry is likely to move the Cabinet Committee on Political Affairs (CCPA) soon with an expert panel recommendations of raising cooking gas (LPG) rates by Rs 250 per cylinder and kerosene price by Rs 4 a litre. The ministry is preparing a draft note for consideration of...
  • 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...
  • India@9 with Bhupendra Chaubey June 30, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • News 360: Petrol prices hiked by Rs 1.69, diesel up by 50 paise June 30, 2014

    The ongoing crisis in Iraq has paved way to increase in oil prices in India. While petrol price has been hiked by a steep Rs 1.69 per litre, diesel prices has been increased by 50 paise a litre. ...
  • Petrol prices hiked by Rs 1.69, diesel up by 50 paise June 30, 2014

    New Delhi: The ongoing crisis in Iraq has paved way to increase in oil prices in India. While petrol price has been hiked by a steep Rs 1.69 per litre, diesel prices has been increased by 50 paise a litre. The hike, effective midnight tonight, excludes local sales tax or VAT and...
  • 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 Modi-led NDA for hike in diesel prices June 14, 2014

    Opening front against the newly-formed 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 Party-led 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 CNN-IBN, Union Oil Minister Dharmendra Pradhan justified his department's move saying that its priority was...
  • Jayalalithaa talks tough, condemns diesel price hike June 1, 2014

    Chennai: Tamil Nadu Chief Minister and former NDA ally Jayalalithaa on Sunday condemned the Centre for hiking diesel prices by 50 paise just days after coming into rule. In a statement, Jayalalithaa also appealed to Prime Minister Narendra Modi to rollback the decision. Asking NDA not to follow on the...
  • Diesel prices hiked by 50 paise per litre May 31, 2014

    Diesel prices were on Saturday hiked by 50 paise a litre, excluding state levies, the second increase in rates three weeks. The monthly hike in price came after several rounds discussions that the new Oil Minister Dharmendra Pradhan held with state-owned oil firms on continuing with the reform initiated by the...
  • Narendra Modi may push ahead with diesel price deregulation May 20, 2014

    New Delhi: Narendra Modi's landslide victory gives him the mandate to deregulate diesel prices as well as raise natural gas rates with a clear road map towards free pricing to cut subsidies and shrink the budget deficit. With the biggest election win in 30 years, the Modi-led National Democratic Alliance is...
  • 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 inter-ministerial 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...
  • Petrol price hiked by 41 paise, diesel by 10 paise December 20, 2013

    New Delhi: Petrol price was on Friday hiked by 41 paise a litre following the government decision to raise commission paid to petrol pump dealers and firming global oil rates. Simultaneously, diesel rates were increased by 10 paise per litre due to a hike in dealers commission. The two increases, which...
  • Diesel price raised by 10 paise a litre on hike in commission December 20, 2013

    New Delhi: Diesel prices were increased by a little less than 10 paise a litre on Friday after the government raised the commission paid to dealers selling the fuel. The government has "decided to revise the dealer's commission on diesel from Rs 1,089 per kilolitre (or 1.089 per litre) to...
  • Diesel price hiked by 50 paise per litre from Saturday midnight November 30, 2013

    New Delhi: Diesel prices have been hiked by 50 paisa per litre, excluding VAT, with effect from Saturday midnight. The prices of petrol, however, remains unchanged. The price increase, the 11th since January, excludes local sales tax or VAT, oil companies announced. The price of diesel in Delhi will be hiked...
  • Petrol price cut by Rs 1.15 per litre, diesel hiked by Re 0.50 October 31, 2013

    New Delhi: Petrol price has been cut by Rs 1.15 per litre, the second reduction in rates in a month, while diesel rate has been hiked by Re 0.25 per litre. The price changes announced by oil companies are excluding local sales tax and VAT and will come into effect...
  • 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...
  • Petrol price cut by Rs 3.05 per litre, diesel hiked by 50 paise September 30, 2013

    New Delhi: In a good news for the people, petrol price has been cut by Rs 3.05 per litre, the first reduction in rates in over five months and the steepest in over five years. However, diesel price has been hiked by 50 paise per litre. The price changes announced...
  • 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 price hike the only option to reduce oil pool deficit: ONGC September 3, 2013

    New Delhi: The Oil and Natural Gas Corporation (ONGC) said that a hike in diesel price is the only option to reduce the oil pool deficit as the cost of production has increased significantly. ONGC also expressed its fear that the risk of subsidy burden in Fiscal Year 2014 is higher...
  • 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...