The diesel price was hiked by 90 paise on Friday. ...
09:22 PM, May 11, 2013
Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Friday described as unjust the latest hike in diesel prices as she slammed the Centre with having failed to take steps to control skyrocketing prices and "scams in all departments." This was the fourth time oil companies have effected hike since January 2013 and the measure aimed at mobilising revenue for government would severely affect the poor people, she said in a...
01:48 AM, May 11, 2013
New Delhi: Diesel prices were on Friday hiked by Rs 0.90 per litre, excluding local sales tax or VAT. This is the fourth increase in diesel rates in 2013. State-owned oil firms, which had been mandated in January to raise prices by up to 50 paisa per litre every month till entire losses on the fuel are wiped out, skipped raising rates in April to avoid troubles for the government...
08:16 PM, May 10, 2013
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. ...
07:42 PM, Mar 22, 2013
n a surprise cut, petrol price was slashed by Rs 2 per litre, excluding local taxes, with effect from Friday midnight. This is the steepest reduction in petrol rate in the last nine months. ...
07:14 PM, Mar 15, 2013
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 the January decision to raise prices in small dozes every month till all of the Rs 11 per litre losses are eliminated....
12:59 PM, Mar 14, 2013
BJP on Tuesday said it will continue to raise in both Houses of Parliament the issue of diesel price hike, which is hitting the common man, but not stall proceedings. The matter was discussed at the BJP Parliamentary Party meeting attended by its top leaders on Tuesday morning. ...
01:31 PM, Mar 05, 2013
The price of the non-subsidised LPG cylinders were on Saturday slashed by Rs 37.5 per barrel, even as the price of diesel for bulk consumers was hiked by almost Re one per litre. The bulk consumers of diesel include the railways, transport undertakings, defence and industries like cement, mines and others. ...
06:09 PM, Mar 02, 2013
When Finance Minister P Chidambaram stands up to present his government's annual Budget on February 28, the biggest quandary he will face is: "What can I say in the next two hours that will boost both the demand for credit and its supply?" ...
06:10 AM, Feb 28, 2013
Finance Minister P Chidambaram will present one of the most highly anticipated budgets of recent years on Thursday, a blueprint for austerity that forms the centrepiece of India's efforts to stave off a damaging credit ratings downgrade. ...
04:54 AM, Feb 28, 2013
Finance Minister P Chidambaram is planning to cut the public spending target for fiscal 2013/14 by up to 10 per cent from this year's original target, in what would be the most austere budget unveiled in recent history as he tries to avert a sovereign credit downgrade. ...
04:34 AM, Feb 28, 2013
The Indian economy is likely to grow between 6.1 per cent and 6.7 per cent while the revival is expected to be slow in the near future, according to the Economic Survey tabled by the government in Parliament on Wednesday, a day before Finance Minister P Chidambaram presents Union Budget 2013-14. ...
12:23 PM, Feb 27, 2013
All eyes will be on Railway Minister Pawan Kumar Bansal on February 26 on whether he yields to pressure of hiking passenger fares yet again or looks at other measures to mobilise resources to offset the burden of the recent diesel price hike. Bansal had on January 22 hiked passenger fares across-the-board after the Railways faced a loss of about Rs 25,000 crore in the passenger segment. ...
04:56 PM, Feb 25, 2013
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. ...
03:04 PM, Feb 16, 2013
The oil firms on Friday decided to increase fuel prices again. While the price of petrol will be increased by Rs 1.50 per litre, that of the diesel will be hiked by 45 paise per litre. The hike was expected this week as the oil firms were slated to begin to exercise the recently accorded freedom to adjust rates in step with cost. ...
06:49 PM, Feb 15, 2013
The Ministry of Railways has sought additional funding from the Centre after the recent diesel price hike. Minister of Railways Pawan Bansal on Saturday said, "Rs 6600 crore is enough for operational work only. We have insufficient funds for other maintenance work. If we need to hire more trains, maintenance of existing trains, electrifications etc, we need more." ...
06:16 PM, Feb 02, 2013
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. ...
02:22 PM, Feb 01, 2013
Red lines have been drawn for next month's Union Budget, Finance Minister P Chidambaram has said ruling out abandoning of all subsidises while non-merit ones could be eliminated over a period of time. ...
04:23 PM, Jan 30, 2013
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. ...
09:58 AM, Jan 30, 2013
In a sharp attack on the Centre's dual pricing policy on diesel for bulk consumers, Tamil Nadu Chief Minister Jayalalithaa on Friday termed it as "ill-conceived" and "short-sighted" and demanded its withdrawal. In a hard-hitting letter to Prime Minister Manmohan Singh, the Chief Minister said she was "appalled at the callousness and deviousness of this shocking move that defies all logic" and accused the UPA government of paying only "lip...
11:43 AM, Jan 25, 2013
