Petrol Prices

  • IOC to cut petrol prices by 1.2 per cent from Wednesday 15-04-2014 07:00 PM

    Indian Oil Corp Ltd will cut retail prices of petrol by 1.2 per cent from Wednesday as the rupee has strengthened against the dollar since the last revision, it said in a statement on Tuesday. In 2010, the Indian government allowed fuel retailers to charge market rates for petrol and...
  • 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...
  • Petrol prices hiked by 75 paise, diesel prices by 50 paise 03-01-2014 07:09 PM

    Petrol and diesel prices will go up by 75 paise and 50 paise a litre, excluding taxes, from midnight Friday, state-run oil marketing company Indian Oil Corporation said. "Indian Oil Corporation has decided to effect increase in the retail selling price of petrol by Rs. 0.75 per litre excluding state...
  • Petrol prices hiked by 75 paise, diesel prices by 50 paise 03-01-2014 06:36 PM

    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...
  • Petrol price hiked by 41 paise, diesel by 10 paise 20-12-2013 09:36 PM

    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,...
  • Petrol price cut by Rs 1.15 per litre, diesel hiked by Re 0.50 31-10-2013 06:51 PM

    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...
  • Drop in Trade deficit: Much ado about something? 10-10-2013 09:30 AM

    The recent persistent drop in India's trade deficit has given us a reason to rejoice. Perhaps, it's a Diwali gift from goddess Lakshmi. But, what real implications if any does it have for the Indian economy and what to expect in the near future? The trade deficit has fallen as...
  • Seemandhra districts out of power, prices of commodities sky high 09-10-2013 07:59 PM

    Vizianagram: With prices of essential commodities skyrocketing and many Seemandhra districts still without power, the Congress is demanding that Essential Service Maintenance Act (ESMA) be invoked in Andhra Pradesh. Even though curfew was relaxed for 2 hours in violence-hit Vizianagaram, it brought little relief for the public as the markets...
  • Oil Minister Veerappa Moily travels to work in metro to save fuel 09-10-2013 10:31 AM

    New Delhi: Petroleum Minister Veerappa Moily took the metro to the ministry on Wednesday. The minister took the Metro from a station near his residence and travelled to the Central Secretariat station, which is near Shastri Bhawan. The Petroleum Minister latest action is said to be part of a fuel...
  • India @ 9 with Rajdeep Sardesai 30-09-2013 11:30 PM

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Veerappa Moily hints at reduction in petrol price in next few days 27-09-2013 02:37 PM

    New Delhi: Oil Minister M Veerappa Moily on Friday hinted at a reduction in price of petrol in next few days, the first cut in rates in over five months. The reduction in rates is likely to be announced by the month end as per the practice of fortnightly revision...
  • India @ 9 with Rajdeep Sardesai 13-09-2013 11:50 PM

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Jayalalithaa slams hike in petrol price 13-09-2013 10:47 PM

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa Friday slammed the revision of petrol price by Rs 1.63 and said this would further burden the people suffering from the recent hike of the fuel price. She said people had not "overcome" from the upward revision earlier this month and termed Friday's...
  • Petrol price hiked by Rs 1.63 per litre, excluding states taxes 13-09-2013 07:05 PM

    New Delhi:Petrol will cost Rs 1.63 more per litre, excluding state taxes, from midnight on Friday, state-run Indian Oil Corporation (IOC) announced. The IOC said that it had to hike prices due to volatility in the rupee value and hardening of international motor spirit (MS) prices in the international market....
  • Petrol price may come down by up to Rs 1.50/litre 12-09-2013 03:55 PM

    New Delhi: Petrol prices may be cut by as much as Rs 1-1.50 per litre next week on falling international oil rates and appreciating rupee but a one-time hike in diesel and possibly LPG rates is still on the cards. Oil Secretary Vivek Rae said the issue of a one-time...
  • India @ 9 with Rajdeep Sardesai 02-09-2013 11:50 PM

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Is the government running out of options to control the oil pool deficit? 02-09-2013 11:20 PM

    In an attempt to cut oil consumption, the Oil Ministry had on Sunday proposed petrol pumps to be open from 8 am to 8 pm. However, Oil Minister Veerappa Moily took a U-turn on Monday and denied any such proposal after facing criticism from the Opposition and the public. ...
  • The Last Word: What are sensible and silly ways of conserving fuel? 02-09-2013 09:31 PM

    In an attempt to cut fuel consumption, the Petroleum Ministry has proposed petrol pumps to be open from 8 am to 8 pm only. Oil Minister Veerappa Moily had earlier written a letter to Prime Minister Manmohan Singh and Finance Minister P Chidambaram suggesting further hike on fuel prices. ...
  • News 360: No plan to restrict petrol pump timings, says Veerappa Moily 02-09-2013 09:28 PM

    Petroleum Minister Veerappa Moily does a U-turn on the suggestion of keeping petrol pumps shut from 8 pm to 8 am. Speaking to IBN18 Editor-in-Chief Rajdeep Sardesai, Moily said there has been no such proposal. ...
  • Oil Ministry seeks diesel price hike of Rs 5 per litre 02-09-2013 07:25 PM

    New Delhi: After taking a U-turn over keeping petrol pumps shut from 8 pm to 8 am to conserve fuel, Petroleum Minister Veerappa Moily on Monday indicated that his ministry has proposed a diesel price hike of Rs 5 per litre. While speaking to IBN18 Editor-in-Chief Rajdeep Sardesai, Moily said...
  • SP condemns Oil Ministry proposal to restrict petrol pump timings 02-09-2013 05:02 PM

    Samajwadi Party leader Naresh Agarwal has condemned the Oil Ministry proposals to restrict petrol pump timings. He said, "If the people need petrol, they will end up buying it during the day time. But this is not a solution and the government should talk to everyone and come up with...
  • TMC takes a dig at the UPA, says reduce work hours to curb corruption 02-09-2013 04:02 PM

    TMC MP Derek O'Brien took a jibe at the government over the issue of a proposal of closing the petrol pumps from 8 pm to 8 am, saying that the government should work for only 4 hours instead of 8 hours as that will save billions of dollars that is...
  • No plan of 12-hour curfew on sale of petrol, says Moily as PM, FM nix the idea 02-09-2013 02:24 PM

    New Delhi: Petroleum Minister Veerappa Moily has done a U-turn on the suggestion of keeping petrol pumps shut from 8 pm to 8 am. Speaking to IBN18 Editor-in-Chief Rajdeep Sardesai, Moily said there has been no such proposal. "That's not my proposal, I don't know from where these proposals have...
  • 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...
  • Opening petrol pumps only for 12 hours a day will create panic: expert 02-09-2013 08:29 AM

    New Delhi: The Oil Ministry has proposed austerity measures to cut fuel consumption. Under the new proposals, 24-hour petrol pumps in cities could be done away with and replaced with petrol bunks that are open only from 8 am to 8 pm. While experts call it an 'ill-advised' idea and...
  • Oil Ministry wants petrol pumps to be open from 8 am to 8 pm only 01-09-2013 07:50 PM

    New Delhi: In an attempt to cut fuel consumption, the Petroleum Ministry has proposed petrol pumps to be open from 8 am to 8 pm. Oil Minister Veerappa Moily had earlier written a letter to Prime Minister Manmohan Singh and Finance Minister P Chidambaram suggesting further hike on fuel prices....
  • Economy on red alert, UPA dead, says Mamata Banerjee 31-08-2013 10:15 PM

    "Economy on red alert. UPA is dead", West Bengal Chief Minister Mamata Banerjee said in her Facebook posting expressing concern over the economic situation in the country and criticised the Centrea for a fresh hike in price of petrol and diesel. "Yet again hike in petrol and diesel prices. "Economy...
  • Fuel prices hiked; Petrol dearer by Rs 2.35 per litre, diesel by 50 paise 31-08-2013 09:05 PM

    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. ...
  • Petrol price hiked by Rs 2.35 per litre, diesel by 50 p 31-08-2013 06:40 PM

    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...