Fuel Price

  • Petrol price cut by 70 paise per litre 15-04-2014 06:34 PM

    New Delhi: In a good news for the people, petrol price has been cut by 70 paise per litre. The price changes announced by oil companies are excluding local sales tax or VAT with effect from Tuesday midnight. Earlier, petrol and diesel prices were hiked by 75 paise and 50...
  • January inflation seen easing on food, fuel prices but still elevated 11-02-2014 11:19 AM

    India's high inflation probably eased to a seven-month low last month as food and fuel prices showed signs of moderating, providing some respite to the Reserve Bank of India which has been hiking interest rates to curb soaring prices, Reuters polls showed on Tuesday. Ominously, though, factory activity likely contracted...
  • Delhi: Autorickshaw drivers protest outside Moily's residence 29-12-2013 06:44 PM

    New Delhi: Autorickshaw drivers on Sunday held a protest outside the residence of Petroleum Minister M Veerappa Moily, demanding immediate rollback of the hike in CNG prices. The demonstrators, some of whom were wearing Aam Aadmi caps, reached Moily's Tughlak Lane residence this afternoon, raising slogans and demanded roll back...
  • Mamata takes a dig at Moily's 'Bus Day' proposal 09-11-2013 11:15 PM

    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...
  • No plans to raise fuel prices at present, says Veerappa Moily 24-09-2013 05:04 PM

    India has no plans to raise diesel and other key subsidised fuel prices at present, Oil Minister M Veerappa Moily told reporters on Tuesday, as he announced measures aimed at saving $5 billion from the country's huge fuel bill. Moily, who has said he wants to find savings of up...
  • CNG price hiked by Rs 3.70 per kg in in Delhi 07-09-2013 07:30 PM

    New Delhi: After petrol and diesel, price of CNG was on Saturday hiked by a steep Rs 3.70 per kg in the national capital, the second increase in rates in two and half months. Price of Compressed Natural Gas (CNG) sold to automobiles in the national capital has been increased...
  • IndiGo joins other airlines, hikes airfares by 25 per cent 07-09-2013 08:25 AM

    New Delhi: Domestic carrier IndiGo on Friday followed its rivals and raised airfares by 25 per cent. IndiGo joins airlines such as SpiceJet, Jet Airways and Air India who recently hiked the fares by 25 per cent citing rise in input costs. "IndiGo has revised upwards its fares, which are...
  • Rupee, stocks rally as new RBI chief Raghuram Rajan fuels confidence 05-09-2013 10:59 AM

    Mumbai: The rupee rallied and shares surged on Thursday after the Reserve Bank of India (RBI) chief unveiled a slew of measures to support the ailing currency and open markets, providing a shot of confidence for investors unnerved by the country's worst economic crisis in two decades. The rupee rose...
  • Live: Lok Sabha passes the crucial Pension Bill 04-09-2013 11:14 AM

    New Delhi: 6:05 pm: The Lok Sabha has passed the crucial Pension Bill. 5:15 pm: While talking on the Pension Bill in Lok Sabha, Finance Minister P Chidambaram said 28 states have agreed to join the new pension scheme. "We have accepted all recommendations except one," he added. 5:10 pm:...
  • SpiceJet says airfares will be hiked by 30 per cent 03-09-2013 12:26 PM

    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...
  • Jet fuel prices hiked by 7 pc; airfares to zoom this festive season 03-09-2013 07:56 AM

    Mumbai: Right ahead of the festive season this year, the aviation sector has seen a steep hike in traffic, which means people will have to shell out more for tickets. Jet fuel prices have been hiked by a steep 7 per cent taking the rates to a high of over...
  • PM, FM reject proposal of keeping petrol pumps open from 8 am to 8 pm 02-09-2013 11:48 AM

    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 02-09-2013 11:18 AM

    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...
  • Food Bill credit negative for India, will deteriorate macroeconomic situation: Moody's 29-08-2013 03:30 PM

    Giving a thumbs down to the Food Security Bill, rating agency Moody's on Thursday said the measure is credit negative as it will weaken government finances and deteriorate macroeconomic situation. "The measure (Food Bill) is credit negative for the Indian government because it will raise government spending on food subsidies...
  • Markets tank, rupee plunges to 66.24 vs $; brace for fuel price hike 27-08-2013 03:24 PM

    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...
  • Has the economist Prime Minister failed the economy? 09-07-2013 11:35 PM

    A worried government has gone into damage control as the rupee depreciated and the current account deficit widened. ...
  • Government tries damage control as economy struggles; is it too late? 09-07-2013 09:38 PM

    New Delhi: A worried government has gone into damage control as the rupee depreciated and the current account deficit widened. Prime Minister Manmohan Singh has now laid out a roadmap to boost manufacturing growth over next 12 months and Finance minister P Chidambaram has left for the US to reassure...
  • Defence Ministry reworks on its budget as fuel price rises 09-07-2013 02:13 PM

    New Delhi: The rising prices of international crude is also affecting defence supplies. The Defence Ministry has asked armed forces to reduce use of fuel by 20 to 40 per cent, Army sources said. Sources said the order came in the wake of sharp increase in fuel prices and has...
  • CNG price in Delhi hiked by Rs 2 per kg with effect from today 24-06-2013 08:10 PM

    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 16-06-2013 08:14 AM

    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 hike: Citizens voice their concerns 15-06-2013 10:05 PM

    On Saturday, the government hiked petrol price by Rs 2 a litre, the second increase in rates in June alone. ...
  • Petrol price hiked by 75 paise, diesel by 50 paise 31-05-2013 08:36 PM

    New Delhi: Petrol price was on Monday was hiked by 75 paisa per litre and diesel by 50 paisa a litre as rupee hit 11-month low making oil imports costlier. The increase in rates, which are excluding local sales tax or VAT, will be effective from midnight tonight, Indian Oil...
  • Petrol price to be hiked by Re 1 from June 1: Sources 29-05-2013 09:32 PM

    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...
  • Diesel price hike will result in inflation, make life difficult: Delhi residents 11-05-2013 09:22 PM

    The diesel price was hiked by 90 paise on Friday. ...
  • Jet fuel prices cut by a steep 5.3 per cent 01-05-2013 09:17 PM

    New Delhi: Jet fuel prices were on Wednesday cut by 5.3 per cent, the second steep reduction in rates in one month. Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,545.94 per kilolitre (kl), or 5.35 per cent, to Rs 62,649.95 per kl, according to Indian...
  • Non-subsidised LPG price cut by Rs 54 per cylinder 30-04-2013 11:35 PM

    New Delhi: The price of non-subsidised LPG cylinders was cut by Rs 54 per bottle on Tuesday. The move came just hours after petrol price was slashed by Rs 3 per litre, effective from midnight. On April 1, the price of non-subsidised cooking gas was reduced by Rs 3 per...
  • Petrol price slashed by Rs 3, effective from midnight 30-04-2013 07:49 PM

    New Delhi: In a welcome relief, the petrol price was slashed by Rs 3 on Tuesday evening, effective from midnight. The petrol price was slashed as crude oil became cheaper in international market. Earlier reports had suggested that the petrol prices may be slashed by up to Rs 2 effective...
  • Petrol prices may be slashed by up to Rs 2 from May 1 29-04-2013 05:53 PM

    New Delhi: Oil companies may slash petrol prices by up to Rs 2 per litre from May 1, sources said on Monday. The sources said that the clarity on the monthly revision of petrol prices was expected on Tuesday. Petrol price were last cut by Rs 1 per litre on...
  • Elections not a hitch for reforms: Chidambaram 17-04-2013 06:16 PM

    Boston: Vowing to deliver on the fiscal roadmap, Finance Minister P Chidambaram has expressed confidence that elections are not a hitch in carrying out reforms including fuel price adjustments. Addressing an investor meet hosted by Citi Group in Boston, he said while fiscal deficit will be reduced by 60 basis...