DIESEL

  • 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...
  • Rs 2.50 per litre cut in diesel rate likely after state elections October 8, 2014

    New Delhi: A Rs 2.50 per litre cut in diesel prices and a little less than Re 1 a litre on petrol is in offing as international oil rates fell to a 27-month low. Prices may be cut after Maharashtra and Haryana assembly elections are...
  • Prices of essential goods will fall further in Modi rule: Amit Shah October 6, 2014

    Pune: BJP President Amit Shah on Monday said that prices have come down since Narendra Modi came to power at the Centre and that the downward trend could continue further in the current month. "Prices of essential commodities as well as that of petrol and diesel are falling since Modi...
  • Petrol price cut by 65 paisa; diesel rate to wait for PM Modi's return September 30, 2014

    New Delhi: Petrol price was on Tuesday cut by 54 paisa a litre, but the first reduction in diesel rates in over five years was put off until the return of Prime Minister Narendra Modi from the US. State-owned oil firms, which skipped raising rates...
  • Cut in petrol, diesel price put off till PM Modi's return from US September 30, 2014

    New Delhi: Diesel price is likely to be cut by about Re 1 per litre, the first reduction in rates in over five years, while petrol price may be slashed by around 55 paise after Prime Minister Narendra Modi returns from the US. Though on...
  • Diesel rate likely to be cut by Re 1/litre, petrol by Rs 1.75 September 30, 2014

    New Delhi: Diesel price is likely to be cut by about Re 1 per litre, the first reduction in rates in over five years, while petrol price may be slashed by Rs 1.75. State-owned oil firms are likely to announce reduction in rates, made possible because of softening in international oil...
  • India's older refineries to face survival test on diesel deregulation September 26, 2014

    New Delhi: Time is running out for India's aging state-run oil refineries as the new government of Prime Minister Narendra Modi looks set to free up diesel prices and open the gates to private sector competition. These refineries, commissioned mostly in the 1950s and 1960s during India's early industrialisation push, are...
  • Bullet News: Catch the day's top stories September 17, 2014

    Bullet News is CNNIBN's nonstop 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 Anubha Bhonsle September 17, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • News 360: Xi Jinping, Modi sign twin city pact for Ahmedabad, Guangzhou September 17, 2014

    It was Prime Minister Narendra Modi's 64th birthday and also the first day of the Chinese President Xi Jinping's 3day visit to India. India and China also signed two key pacts on Wednesday: to set up an industrial park in Ahmedabad and for cultural exchanges between Ahmedabad and the Guangzhou...
  • With eye on assembly polls, government considers 4050 paise per litre cut in diesel price September 17, 2014

    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 deregulate diesel prices September 15, 2014

    Mumbai:Even as the government is continuing with a phased deregulation of diesel prices, RBI Governor Raghuram Rajan has urged the Centre to completely deregulate diesel prices. Rajan on Monday said diesel price deregulation is especially important in the wake of rising global crude oil prices. "Deregulation will empower stateowned oil firms...
  • J&K floods: Government restores fuel supply in Jammu region September 9, 2014

    New Delhi: As relief supplies pour in floodhit J&K, the government has restored fuel supply in the Jammu region and efforts are on to move stocks into Srinagar. "The Ministry of Petroleum & Natural Gas has taken several measures to ensure availability of essential petroleum products in the aftermath of...
  • Diesel price may be cut for 1st time in 7 years; Petrol by Re 1 per litre September 9, 2014

    New Delhi: With Brent crude oil prices dipping below $100 per barrel, petrol prices may be cut by Re one a litre and there is also a likelihood of first reduction in diesel rates in seven years. Petrol and diesel rates are due for revision on September 15 and there...
  • Oil Ministry yet to move Cabinet for diesel deregulation September 8, 2014

    New Delhi: As the fall in international oil rates brings domestic diesel retail price at par with cost, the Oil Ministry has not yet moved Cabinet for deregulation of the nation's most consumed fuel. Underrecovery or the gap between retail selling price and the cost of imports, this month dipped to...
  • Delhi: Soon motorists will require PUC to buy petrol, diesel August 20, 2014

    New Delhi: Soon motorists will have to show 'pollution under control' certificates at petrol pumps to refuel their vehicles with the Delhi government on Wednesday taking an inprinciple decision to this effect primarily to check vehicular pollution in the city. The decision was taken at a highlevel meeting chaired by Chief...
  • 'Fast and Furious' star Vin Diesel poses naked August 20, 2014

    Los Angeles: Actor Vin Diesel has posed nude in a shower for a photograph. The 'Guardians of the Galaxy' star took to Facebook to share the blackandwhite photograph of himself in a steamy shower, reports eonline.com. In the image, water falls on the 47yearold actor's naked body, while he throws his head...
  • Petrol to be cheaper by Rs 1.892.38 this Independence Day August 13, 2014

    New Delhi: Petrol prices will be slashed down by Rs 1.892.38 from the midnight of August 14/15, said Oil Minister Dharmendra Pradhan on Wednesday. This will be the second reduction in rates this month. The previous government had in June 2010 freed petrol prices and since then rates have moved...
  • Oil India June quarter net up 40 per cent at Rs 851.87 crore August 12, 2014

    New Delhi: Stateowned Oil India Ltd (OIL) on Tuesday reported a 40 per cent jump in its June quarter net profit as its net price realisation soared after cut in subsidy. Net profit in AprilJune rose to Rs 851.87 crore, or Rs 14.17 per share, from Rs 609.08 crore, or...
  • Petrol price likely to be cut on Independence Day August 12, 2014

    New Delhi: Petrol price is likely to be cut on Friday on the back of softening in international rates, Indian Oil Corp, the nation's largest fuel retailer, indicated on Tuesday. "Petrol is a decontrolled product and prices increase or decrease depending on input cost every fortnight. We had cut rates...