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 paise per litre every month, and the move would be effective from Friday. ...
08:00 PM, Jan 17, 2013
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. ...
07:29 PM, Jan 17, 2013
The CPI on Thursday castigated the government for decontrolling diesel prices, saying Congress-led UPA would pave to pay the political price for such "anti-people" decisions. It also demanded increasing the number of LPG cylinders per family to 12, instead of nine as decided by the government on Thursday. ...
06:40 PM, Jan 17, 2013
The government will not factor the impact of diesel price hike by oil companies while computing the oil subsidy bill for the current fiscal, Finance Minister P Chidambaram said on Thursday. ...
05:52 PM, Jan 17, 2013
The BJP on Thursday criticised the government's decision to allow oil marketing companies to hike diesel rates and demanded its rollback, saying it will have a cascading effect on prices. The opposition party also termed the raising of cap on LPG cylinders from six to nine as a "farce". ...
05:39 PM, Jan 17, 2013
The government on Thursday took the first step towards diesel decontrol and allowed the oil companies to raise prices from time to time, but kept the mechanism to be followed unclear. ...
04:42 PM, Jan 17, 2013
The Cabinet on Thursday refused to take a call on increasing the prices of diesel, kerosene and LPG and instead put the onus of oil marketing companies to decide on diesel price from time to time. ...
01:31 PM, Jan 17, 2013
A decision on raising diesel and LPG prices is expected on Thursday. Sources have told CNN-IBN that Prime Minister Manmohan Singh is expected to take a call on raising diesel and LPG prices at the cabinet meet on Thursday. ...
10:15 AM, Jan 17, 2013
The government is "seriously" considering revising rates of LPG and diesel prices but no decision has been taken as yet, Oil Minister M Veerappa Moily said on Wednesday. "All price hike or price reduction...proposals are under serious consideration. We have not taken any decision," he told reporters in the national capital. ...
01:10 PM, Jan 16, 2013
Petroleum And Natural Gas Minister Veerappa Moily Moily on Friday hinted that a hike in diesel and LPG prices could be announced soon. Moily said that the Kelkar Committee recommendations were under consideration and a decision will be taken as quickly as possible on fuel price hike. ...
04:17 PM, Jan 11, 2013
After the railway fare hike, the government is all set to raise diesel and cooking gas rates. The Congress Core group will meet in the national capital on Friday to take a final call. CNN-IBN has learnt that a hike of Rs 4.50 per litre in diesel prices and that of Rs 100 per cylinder for LPG prices is expected. ...
10:53 AM, Jan 11, 2013
After announcing a hike in railway fares, the government is now set to take a tough decision on raising fuel prices as early as this week or next week. A hike of Rs 4.50 per litre in diesel prices and that of Rs 100 per cylinder for LPG prices is expected. ...
01:19 PM, Jan 10, 2013
Shares in Oil & Natural Gas Corp rose as much as 3.6 per cent on January 10 as part of a rally across oil companies after the oil ministry moved a proposal to raise diesel prices to the federal cabinet. ...
11:26 AM, Jan 10, 2013
The Oil Ministry has made a proposal to Cabinet to raise diesel prices and increase the number of subsidised LPG cylinders available to households to nine a year from the current cap of six, two oil ministry sources said on Wednesday. ...
05:59 PM, Jan 09, 2013
Prime Minister Manmohan Singh has warned that the government must raise diesel, kerosene and cooking gas prices in a phased manner as India's fuel prices are well below international prices. Sources have told Network 18 that the government may consider hiking diesel prices by Rs 2 to 3 per litre and LPG by rs 50 to 75 rupees, in line with the Kelkar committee report recommendations. ...
09:16 AM, Jan 08, 2013
The Cabinet is considering a proposal to approve the complete decontrol of diesel pricing and is also likely to approve further cut in the subsidies on fuel. According to sources, the Cabinet can take up the suggestions of the Kelkar panel report on diesel pricing, and may also increase the cap on subsidised LPG cylinders. ...
06:55 PM, Jan 04, 2013
Oil secretary says diesel prices to be hiked by 10 rupees over the next 10 months. ...
10:17 PM, Dec 27, 2012
Diesel prices may be hiked by Rs 10 per litre over a 10-month period and kerosene rates increased by same quantum over the next two years if a proposal of the Oil Ministry is accepted. The price hike is being considered as the government scrambles to find ways to meet an unprecedented Rs 160,000 crore deficit expected this fiscal on selling diesel, cooking gas (LPG) and kerosene below their production...
04:32 PM, Dec 27, 2012
New Delhi: Petrol price was on Saturday hiked by 29 paise per litre and diesel by 20 paise after government decided to increase commission paid to petrol pump dealers. Petrol in Delhi from Saturday costs Rs 68.19 per litre as against Rs 67.90 previously. Similarly, diesel rates have been hiked to Rs 47.15 per litre from Rs 46.95, industry sources said. Rates will vary in states due to differential in...
02:34 PM, Oct 27, 2012
New Delhi: Close on the heels of steep increase in diesel price and cap on supply of subsidised LPG, President Pranab Mukherjee on Monday said greater alignment of domestic rates with global prices was in the interest of both consumers and investors. A steep Rs 5.62 per litre hike notwithstanding, diesel continues to be sold at a discount of Rs 11.05 per litre to its actual cost as international rates...
02:14 PM, Oct 15, 2012
