DIESEL

  • Customs duty may be reimposed in Budget 2015-16: Sources 6 days ago

    New Delhi: In an upsetting news for consumers, the government is likely to reimpose customs duty at 2.25 per cent in the Union Budget 2015-16. The move will effectively reduce the impact of falling international crude prices. According to sources, more excise hike on fuel has also not been ruled...
  • Government hikes excise duty on petrol, diesel by Rs 2 per litre January 16, 2015

    New Delhi: India raised factory gate duties on petrol and diesel by 2 rupees a litre each on Friday, two private news channels reported, the fourth since the government lifted diesel price controls in October. The government has raised the duties to cash in on lower world oil prices to bolster...
  • Oil prices dip to 6-year low: Is this the right time for a cut in interest rates? January 14, 2015

    Oil tumbled 5 per cent to near six-year lows before recovering ground on Tuesday, and Brent briefly traded at par to US crude for the first time in three months as some traders moved to take advantage of ample storage space in the United States. ...
  • Oil near six-year low; Brent trades at par to US crude oil January 14, 2015

    New York: Oil tumbled 5 per cent to near six-year lows before recovering ground on Tuesday, and Brent briefly traded at par to US crude for the first time in three months as some traders moved to take advantage of ample storage space in the United States. Traders were searching to...
  • Tata Bolt to Hyundai Elite i20 Cross: Hatchbacks coming to India in 2015 January 7, 2015

    Besides being slotted as popular choices for first time car buyers, hatchbacks are a huge hit because of their compact dimensions and ease of driving. Not to mention the abundance of features that manufacturers are now offering with their cars. Key players as well as new ones in the market...
  • Hyundai ix25 to Fiat 500X: SUVs coming to India in 2015 January 5, 2015

    Automakers expect 2015-16 to be far more fertile and productive. Which is why India is going to see an influx of SUVs and Crossovers in the near future. Here are the SUVs that are likely to be launched in India in 2015.2015 Audi Q3The Q3 has been highly successful both...
  • 'Marvel thinks I'm 'Inhuman',' Vin Diesel teases involvement in upcoming superhumans-based film December 30, 2014

    Los Angeles: 'Fast and Furious' star Vin Diesel has hinted his involvement in Marvel's upcoming film 'Inhumans'. Diesel posted a photo of him wearing a black shirt with 'Inhumans' logo on the chest on Facebook, reported Aceshowbiz. "Are you Inhuman?" read the words on the background of the picture. Back in August,...
  • Rail passengers unlikely to benefit from diesel price cut December 22, 2014

    New Delhi: Reduction in diesel price is unlikely to be passed on to rail passengers as the cross-subsidisation burden on passenger service is still hovering around Rs 26,000 crore. "It is true that diesel prices have come down two-three times in the last few months but it has not happened beyond...
  • Petrol, diesel rates cut by Rs 2 per litre each December 15, 2014

    New Delhi: Petrol and diesel prices were today cut by Rs 2 per litre each as international oil prices slumped to five-year low. This is the eighth straight reduction in petrol prices since August, and fourth in diesel since October. New rates will be effective midnight tonight, Indian Oil Corp, the...
  • Excise duty on petrol, diesel raised; no impact on prices December 2, 2014

    New Delhi: The government on Tuesday raised excise duty on petrol and diesel by Rs 2.25 and Rs 1 a litre respectively, but consumers will be spared of price hike. The move, which comes amid declining prices of crude oil in the international market, will boost government revenue and help it...
  • Petrol price cut by 91 paise a litre, diesel by 84 paise with effect from Sunday midnight November 30, 2014

    New Delhi: Petrol and diesel prices are likely to be cut by 91 paise and 84 paise a litre, respectively. Petrol and diesel price reduction will be effective from Sunday midnight, Indian Oil Corp, the nation's largest fuel retailer, announced. In Delhi, petrol price will cost Rs 63.33 a litre as...
  • Jindal Steel shelves $10 billion project after coal setback November 24, 2014

    New Delhi: Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman said, becoming the first big casualty of a Supreme Court decision to scrap coalfields allocated to private firms since 1993. Jindal Steel's 1.5 billion tonne coalfield in Odisha was among 214 cancelled by the Supreme...
  • Excise duty on petrol, diesel hiked; prices go up by Rs 1.50 November 13, 2014

    New Delhi: Petrol and diesel prices were on Thursday hiked by Rs 1.50 a litre after government raised excise duty on the two fuel to mop up an additional revenue of about Rs 13,000 crore. The fall in international oil prices had resulted in six consecutive reduction in petrol prices...
  • Petrol, diesel rates likely to be cut by Re 1 November 12, 2014

    New Delhi: Petrol and diesel prices are likely to be cut by close to Re 1 per litre this weekend on sliding global oil rates. This would be the seventh reduction in petrol prices since August and the third in rates of diesel since its decontrol...
  • Cut in fuel prices may cause revenue loss to Punjab November 1, 2014

    Chandigarh: The reduction in prices of petrol and diesel may have brought cheers to consumers, but the cut is likely to cause tax revenue loss of up to Rs 35 crore to the state exchequer in Punjab. "It is estimated that there will be an effect of Rs 30-35 crore...
  • Bullet News: Catch the day's top stories October 31, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Palki S Upadhyay October 31, 2014

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: 4th school rape in a month in Bangalore raises questions on security October 31, 2014

    Sexual assault in schools of Bangalore and Hyderabad reported. Teacher has been arrested for raping a six-year-old in Bangalore. This is the third such case in a month. The Karnataka Home Minister tells CNN-IBN that a circular has been sent across to all the schools and action will soon be...
  • Petrol price cut by Rs 2.41 a litre ,diesel rate lowered by Rs 2.25 with effect from midnight October 31, 2014

    New Delhi: Petrol price was on Friday cut by Rs 2.41 a litre, the sixth reduction since August, and diesel by Rs 2.25 per litre on back of falling international oil rates. The reduction in rates of petrol and diesel, which was deregulated for the first time in more than a...
  • Diesel deregulation credit positive for India: Moody's October 21, 2014

    Mumbai: The decisions to deregulate diesel prices and hike the natural gas prices are "credit positive" as it would bring in fiscal discipline, ratings agencies Moody's said on Tuesday. "The decision to fully deregulate diesel prices signals fiscal discipline on the part of the sovereign, which we view as credit positive,"...
  • SIAM, Tata Motors, Nissan welcome diesel deregulation October 21, 2014

    New Delhi: Tata Motors and Nissan Motor India, besides automobile industry body SIAM, on Tuesday welcomed the government's move to deregulate diesel prices in the country. "This is a long-awaited measure and I am extremely happy that the Prime Minister has seized the opportunity of...
  • De-regulation of diesel prices in interest of common man, says Oil Minister October 20, 2014

    New Delhi: As the Central government takes a big decision by de-regulating diesel prices, Oil Minister Dharmendra Pradhan says the call was taken after due deliberation, keeping in mind the interest of the common man. In an exclusive interview to CNBC-TV18, Pradhan said that the government has a back up plan...
  • Auto industry gives thumbs-up to deregulation of diesel prices October 19, 2014

    New Delhi: Auto industry on Sunday welcomed the government's move to deregulate diesel prices, saying the clarity on fuel prices would help the manufacturers plan for future products and investments in a better way. "It is great that the government has been able to deregulate the diesel prices. Now the...
  • Government's reforms will benefit common man: BJP October 18, 2014

    New Delhi: BJP on Saturday welcomed government's decision that will help reduce diesel prices and said it is the beginning of economic reforms which would bring relief to the life of the common man suffering from price rise for the last many years. The party also...
  • Deregulated diesel will have cascading effect on inflation: CPI October 18, 2014

    New Delhi: CPI on Saturday attacked the government for deregulating diesel prices, saying the move would have a cascading effect on the overall inflation as the immediate reduction in prices due to a fall in global crude price levels may not remain for long. "In the long term, the deregulation of...
  • Diesel cheaper by Rs 3.37 per litre as Centre de-regulates prices, Cabinet approves new gas pricing formula October 18, 2014

    New Delhi: The Union Cabinet on Saturday decided on making some major reforms in the oil and gas sector. The Cabinet has given its nod to de-regulate the diesel prices, linking it to the global markets like that in the case of petrol, said Finance Minister Arun Jaitley. In this regard,...
  • Diesel prices likely to be cut by Rs 3.56 per litre October 16, 2014

    New Delhi: A Rs 3.56 per litre cut in diesel prices is in the offing as slump in international oil prices have helped nearly doubling of profit on India's most consumed fuel. With crude prices dipping to four-year low, the over-recovery or profit on diesel sales, which was Rs 1.90 a...
  • Petrol prices cut by Re 1 per litre with effect from tonight October 14, 2014

    New Delhi: Petrol price was on Tuesday cut by Re 1 a litre, but the first reduction in diesel rates in over five years will have to wait till completion of Assembly polls. State-owned oil firms, which cut petrol price by 54 paisa on October 1, reduced rates by another Re...
  • BJP lauds government's efforts to bring down inflation October 14, 2014

    New Delhi: BJP on Tuesday lauded the government's efforts to rein in inflation and exuded confidence that prices will further come down in the near future. The party said the Narendra Modi-led government was committed to bringing down prices and was taking the issue seriously which has been troubling the common...
  • Diesel price likely to be cut by Rs 2.50 per litre after Assembly elections October 14, 2014

    New Delhi: A Rs 2.50 per litre cut in diesel prices, the first in over four years, is likely after results of Assembly polls in Maharashtra and Haryana are announced on Sunday. Petrol, which unlike diesel is a deregulated commodity, is likely to see a price reduction of about Re 1...