Fuel Price Hikes

  • Egypt PM rejects public outrage against fuel price hike July 6, 2014

    Cairo: Egyptian Prime Minister Ibrahim Mahlab has rejected public outrage against the recent hike in fuel prices and asked them to accept the decision. Mahlab said this on Saturday during a phone interview with "90 Minutes program" on el-Mehwar TV channel. "This raise in prices is a hard way but...
  • Non-subsidised LPG price hiked by Rs 16.50 per cylinder; ATF by 0.6 pc July 1, 2014

    New Delhi: Price of non-subsidised cooking gas (LPG) was on Tuesday hiked by Rs 16.50 per cylinder and that of jet fuel by over half-a-per cent after international oil prices surged due to the ongoing Iraq crisis. The increase in rates of non-subsidised LPG and ATF accompanies the Rs 1.69...
  • 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...
  • Fuel price hike: Jayalalithaa demands rollback June 30, 2014

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Monday opposed the latest revision in fuel prices, saying it has come as a 'disappointment' to people who voted for BJP expecting a change from the 'wrong' economic policies of the previous Congress-led UPA. She urged the intervention of Prime Minister Narendra Modi...
  • Mamata takes a dig at Moily's 'Bus Day' proposal November 10, 2013

    Taking a dig at the Petroleum Ministry's proposal of declaring 'Bus Day' once a week to promote fuel conservation and reduce the country's oil import bill, West Bengal Chief Minister Mamata Banerjee said it would be better to walk. "Petroleum Ministry, being unable to control repeated price hike of petrol and...
  • SpiceJet says airfares will be hiked by 30 per cent September 3, 2013

    New Delhi: Air travellers will have to shell out much more for flight tickets in the coming days. Amidst the ongoing economic crisis, low-cost carrier SpiceJet has said that fares will be increased by around 30 per cent. The airline has further said that increasing airfare is of utmost importance...
  • PM, FM reject proposal of keeping petrol pumps open from 8 am to 8 pm September 2, 2013

    New Delhi: Prime Minister Manmohan Singh and Finance Minister P Chidambaram have rejected the Oil Ministry's proposal of keeping petrol pumps open only from 8 am to 8 pm. Reacting to the proposal, Chidambaram said, "It's not a government suggestion but one which had come from the public as the...
  • 8 am to 8 pm petrol pumps: Moily says the idea came from public September 2, 2013

    New Delhi: Petroleum Minister Veerappa Moily is now on the backfoot after his suggestion of having petrol pumps open for 12 hours in a day. He has now said that the idea to keep petrol pumps open from 8 am to 8 pm was not the government's idea but had...
  • Markets tank, rupee plunges to 66.24 vs $; brace for fuel price hike August 27, 2013

    New Delhi: The economic scenario turned more gloomy on Tuesday with the rupee tumbling to a fresh low and breaching 66 vs the US dollar. The markets crashed too with the Sensex falling over 600 points during the intraday trade and finally closed 590.05 points down. Crude oil prices also...
  • CNG price in Delhi hiked by Rs 2 per kg with effect from today June 25, 2013

    New Delhi: The CNG price in national capital has been increased by Rs 2 per kg, the second increase in rates since January, due to rupee depreciation. Also, piped cooking gas (called PNG or piped natural gas) rates has also been increased by Re 1 with effect from midnight on...
  • Petrol price up by Rs 2 per litre due to weak rupee June 16, 2013

    New Delhi: Petrol price was on Saturday hiked by a steep Rs 2 a litre, the second increase in rates in June alone, as devaluation of rupee against US dollar made imports costlier. The hike, which is effective from midnight on Saturday, is excluding local sales tax or VAT and...
  • Petrol price to be hiked by Re 1 from June 1: Sources May 29, 2013

    New Delhi: Petrol prices are all set to be hiked from June 1 onwards. Sources say that the increase will be by Re 1 per litre, making it the first petrol hike in 3 months. The hike is to be announced once the three oil marketing companies meet on May 31. ...
  • 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...
  • Punjab: ASI dies during farmers' protest in Tarn Taran March 6, 2013

    Chandigarh: An Assistant Sub Inspector (ASI) has died in a farmers' protest in Tarn Taran in Punjab on Wednesday morning. The ASI was trying to get away from the mob of farmers who had stopped his vehicle while the police was trying to clear off the protesters agitating against fuel...
  • Political parties criticise fuel price hike, demand rollback February 16, 2013

    New Delhi: Politicians across the board have criticised the recent hike in fuel prices. Key UPA ally DMK on Saturday condemned the petrol price hike and demanded that government retain its control on pricing of petroleum products besides seeking a change in pricing policy. Party chief M Karunanidhi said the...
  • Fuel price hike: Jaya demands change of pricing policy February 16, 2013

    Chennai: Slamming the hike in fuel prices, Tamil Nadu Chief Minister J Jayalalithaa on Friday said the move amounted to betraying the middle and lower classes and made a fresh demand for changing the fuel pricing policy. "Even before the ink had dried up after signing the hike in prices...
  • 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 state-owned 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 already-loss-making bus service. By buying in the open market, GSRTC pays Rs...
  • Mamata says she had wanted to remain in the UPA January 19, 2013

    Kolkata: Months after her party quit the Congress-led 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 short-run, but eventually would help to reduce fiscal deficit, FICCI said on Saturday. "The spike in inflation (by 6-7 basis points), which is most likely to be observed, would be a short-run phenomenon...
  • 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...
  • 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....
  • Maya, Karuna urge govt to reconsider decision on diesel price January 18, 2013

    Lucknow: The government came under attack from its allies over the decision to partially deregulate diesel price. Bahujan Samaj Party chief Mayawati called the decision anti-people and said the government was only thinking about the rich and not the poor. "This will lead to further price rise of commodities. The...
  • Diesel prices up by 45 paise per litre from today January 18, 2013

    New Delhi: The government on Thursday took the first major step towards the deregulation of diesel prices saying oil companies will be allowed to decide the prices and hike the prices in small amounts from time to time. Oil companies have raised diesel prices by 45 paise per litre after a...
  • India @ 9 with Rajdeep Sardesai January 17, 2013

    Sources said that the price of diesel would be hiked by 40-50 paise per litre every month, and the move would be effective from Friday. ...
  • News 360: Diesel price to go up 50 paise/litre every month January 17, 2013

    Oil firms allowed to hike diesel price by 50 paise/litre per month as the government makes first move towards diesel decontrol. ...
  • Diesel price to be hiked by 50 paise/ltr every month January 18, 2013

    New Delhi: Hours after the Cabinet on Thursday refused to take a call on increasing the price of diesel, kerosene and LPG, putting the onus on oil marketing companies to decide on diesel prices from time to time, sources said that the price of diesel would be hiked by 40-50...
  • Automakers see brighter side in move to hike diesel prices January 17, 2013

    New Delhi: Automakers on Thursday said the government decision to allow "small" hikes in diesel prices was a step in the right direction although it could have some impact on sales. While car market leader Maruti Suzuki India (MSI) said the move will not have any impact on its Rs...