FUEL CRISIS

  • After oil companies, GMR takes on Air India May 27, 2011

    New Delhi: Air India owes GMR around Rs 270 crore. Earlier after oil companies refused to refuel planes, Air India was forced to cancel ten flights including one to Riyadh. Intervention at the highest levels ensured that the confrontation was resolved. Now the GMR group is threatening to prevent Air India from...
  • Fuel crisis in JK as tankers strike August 26, 2010

    Jammu: After months of unabated violence, Jammu and Kashmir is now facing fuel crisis. The tankers' association has gone on strike, demanding security for its drivers. The association claims over 35 drivers have been injured and 250 tankers damaged after being targetted by Kashmiri protesters. The strike has affected Jammu, Kashmir, Leh...
  • Govt builds goodwill; cuts fuel prices, woos farmers January 29, 2009

    Two months before the country votes to elect a new government, the UPA has opened up its coffers. Expect more such goodwill gestures from the ruling coalition in February. ...
  • Petroleum Minister likely to cut petrol, diesel price January 10, 2009

    New Delhi: If Petroleum Minister Murli Deora has his way, petrol and diesel could soon become cheaper. The Minister who just doused the fuel crisis created by striking oil officers has promised a price cut of Rs 5 on petrol and Rs 3 on diesel in the next...
  • Oil's well but Deora says no one's won fuel war January 10, 2009

    New Delhi: The storm in the cup of India's fuel industry seems to have blown over. The striking officers are trickling back to duty as the Government threatened imposition of the Essential Services Maintenance Act (ESMA) and to bring in the army if necessary. The strike by oil sector workers ended...
  • Strikers reined in by govt, fuel not in crisis anymore January 9, 2009

    New Delhi: Eventually it was the government's tough resolve that helped resolve the oil crisis. After the Oil ministry made it clear there would be no concessions unless the strike was called off, the strikers began backing out. The fear of complete dryouts at petrol pumps had prompted panic buying across...
  • Oil strike hits India hard, government says crisis ending January 9, 2009

    New Delhi: A strike in public sector oil firms that has hit India hard "seems to be over", Petroleum Minister Murli Deora said on Friday, as the fuel shortage sparked panic across the country. On the third day of a nationwide strike by about 45,000 employees of 13 companies, shortages of...
  • India screeching to halt as fuel runs out January 9, 2009

    New Delhi: Petrol stations ran dry and flights were delayed at India's busiest airport as a strike by state oil company officials demanding better pay entered a second day. Supplies were squeezed and oil companies said they were sacking striking workers, including the head of the union leading the agitation....
  • Talks with govt fail, oil PSU workers to continue strike January 9, 2009

    New Delhi: The strike called by oil PSUs showed little signs of ending when talks between striking PSU executives and government failed late on Thursday night. Petroleum Minister Murli Deora held talks with leaders of the agitating employees of public sector oil companies as petrol pumps across the nation began...
  • Government cuts petrol and diesel prices December 5, 2008

    New Delhi: The Government on Friday cut prices of petrol and diesel for the first time in 22 months. The price of petrol, which is currently sold for Rs 50.6 a litre in Delhi, will be cut by 5 rupees, while diesel, for which consumers are charged Rs 35.86 a litre,...
  • Crude oil goes cheap, govt set to slash fuel price December 5, 2008

    New Delhi: The Government is likely to cut fuel prices later on Friday for the first time since February 2007, with the cost of crude oil now having plummeted by more than $100 from record highs, oil ministry. India's likely cuts follow similar moves by Malaysia, Vietnam and Pakistan, which have...
  • Oil prices slump but Govt says no fuel price cut September 1, 2008

    New Delhi: The Government on Monday ruled out reducing petrol and diesel prices though international oil prices have slumped. "Where is the scope for reducing prices? Oil companies are still making losses," Petroleum Minister Murli Deora told reporters here. State oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum are making losses...
  • If oil prices keep rising, Govt will have to act: Montek June 15, 2008

    Is the UPA government still capable of handling the economic challenges facing the country or has it run out of directions. That is the key issue Karan Thapar raised with the Deputy Chairperson of the Planning Commission, Montek Singh Ahluwalia, on Devil's Advocate. Karan Thapar: Many people believe that with just...
  • Bite the bullet: Govt likely to hike fuel prices May 29, 2008

    New Delhi: The Government will tackle the fuel crisis by hiking prices and further duty cuts on petrol and diesel, CNNIBN has learnt. The final decision on hike prices will be taken at a Cabinet meeting on Thursday. Speaking exclusively to CNNIBN, Petroleum Minister Murli Deora said there has been...
  • Country's top oil firm warns of fuel rationing May 28, 2008

    New Delhi: The Indian Oil Corporation, the countrys largest state oil marketing company, says it would be forced to ration fuel if the prices of diesel and petrol are not increased. IOC chairperson Sarthak Behuria warned of this after the company reported its first quarterly loss in three years. We will...
  • No oil tax coming, says miffed Finance Ministry May 28, 2008

    New Delhi: The Union Finance Ministry said in a statement on Wednesday that some media reports about new tax proposals to help ease mounting losses at state oil firms due to soaring crude prices were "totally baseless". "The reports are largely speculative and in particular, reports about certain new tax proposals...
  • Debate: Who will foot the nation's fuel bill? May 28, 2008

    International prices for crude oil are soaring but Indian prices are kept artificially depressed. As a result, oil companies face a loss of nearly 200,000 crore rupees this fiscal. The Government is attempting to propose numerous measures to countermand the heavy losses but so far, suggestions such as hiking fuel prices...
  • Government may tax you to bail out its oil firms May 27, 2008

    New Delhi: The Government is considering the option of imposing a cess on income tax to bail out state oil companies which are suffering huge losses because of global fuel prices. "We don't want to see scarcity of petroleum products, particularly kerosene and LPG," said Petroleum Minister Murli Deora on Tuesday. "Oil...
  • Tank up! Petrol may go up by Rs 10, diesel by Rs 5 May 23, 2008

    New Delhi: The Petroleum Ministry wants to increase petrol price by Rs 10 per litre and diesel price by Rs 5 per litre. They also want to reduce customs and excise duties to offset the impact of surge in crude oil prices that have touched $135 per barrel. "The situation is...
  • North India reels under LPG crisis February 8, 2008

    New Delhi: If you live in any city in North India, chances are you havent been getting your LPG refills on time this winter. The Singh family in the capital is having a rough time. Their gas cylinder ran out 15 days back and a replacement is still on its way....
  • ONGC to restart Hazira to avert crisis August 16, 2006

    New Delhi: Oil and Natural Gas Corporation Ltd (ONGC) will restart its floodhit Hazira gas plant in Gujarat twodays ahead of schedule to avert a fuel supply crisis particularly for CNG operations in the national capital. "The situation is better than anticipated. We think we will be able to restart the...