Fuel Price

  • Diesel price may be cut for 1st time in 7 years; Petrol by Re 1 per litre September 9, 2014

    New Delhi: With Brent crude oil prices dipping below $100 per barrel, petrol prices may be cut by Re one a litre and there is also a likelihood of first reduction in diesel rates in seven years. Petrol and diesel rates are due for revision on September 15 and there...
  • Petrol price cut by Rs 1.82 per litre, diesel rate hiked by 50 paise August 30, 2014

    New Delhi: In a major relief for the common man, petrol prices will be cut by Rs 1.82 per litre from midnight tonight. The diesel price, however, has been hiked by 50 paise. This is the third reduction in fuel prices in the month of August. Prior to Independence Day, the...
  • Linking rail fare with fuel price to hit common man: Naveen Patnaik July 8, 2014

    Bhubaneswar: Linking the railway fare with fuel price was likely to hit the common man, Odisha Chief Minister Naveen Patnaik said on Tuesday. "As regards the proposal for linking the railway fare with fuel price, I apprehend that this will affect the common man and expose them to vagaries of...
  • Egypt PM rejects public outrage against fuel price hike July 6, 2014

    Cairo: Egyptian Prime Minister Ibrahim Mahlab has rejected public outrage against the recent hike in fuel prices and asked them to accept the decision. Mahlab said this on Saturday during a phone interview with "90 Minutes program" on elMehwar TV channel. "This raise in prices is a hard way but...
  • JMM slams Modi government for raising fuel prices July 1, 2014

    The Jharkhand Mukti Morcha activists on Tuesday burnt an effigy of the Narendra Modi government protesting the hike in prices of petrol, diesel, LPG cylinders and rail fare. Led by Ranchi city president Antu Tirkey, JMM activists marched to Albert Ekka Square and burnt the effigy. "The hike in prices of petrol,...
  • Iraq crisis responsible for fuel price hike: Dharmendra Pradhan July 1, 2014

    Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan blamed the Iraq crisis for the hike in fuel prices, saying that the government has been forced to raise the prices of fuels because they are indeterminately linked to market forces. ...
  • Nonsubsidised LPG price hiked by Rs 16.50 per cylinder; ATF by 0.6 pc July 1, 2014

    New Delhi: Price of nonsubsidised cooking gas (LPG) was on Tuesday hiked by Rs 16.50 per cylinder and that of jet fuel by over halfaper cent after international oil prices surged due to the ongoing Iraq crisis. The increase in rates of nonsubsidised LPG and ATF accompanies the Rs 1.69...
  • PM Modi takes stock of food inflation, faces flak over fuel price hike July 1, 2014

    New Delhi: The first big challenge for the Narendra Modi government has coming close on the heels of the delayed monsoon with the prices of food commodities having risen sharply. Prime Minister Narendra Modi has taken stock of the rise in prices of essential commodities and asked states to urgently...
  • Fuel price hike: Jayalalithaa demands rollback June 30, 2014

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Monday opposed the latest revision in fuel prices, saying it has come as a 'disappointment' to people who voted for BJP expecting a change from the 'wrong' economic policies of the previous Congressled UPA. She urged the intervention of Prime Minister Narendra Modi...
  • Petrol price cut by 70 paise per litre April 15, 2014

    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 paise a...
  • January inflation seen easing on food, fuel prices but still elevated February 14, 2014

    India's high inflation probably eased to a sevenmonth 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 1.0...
  • Delhi: Autorickshaw drivers protest outside Moily's residence December 29, 2013

    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 November 10, 2013

    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 and...
  • No plans to raise fuel prices at present, says Veerappa Moily September 24, 2013

    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 to...
  • CNG price hiked by Rs 3.70 per kg in in Delhi September 7, 2013

    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 from...
  • IndiGo joins other airlines, hikes airfares by 25 per cent September 7, 2013

    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 September 5, 2013

    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 as...
  • Live: Lok Sabha passes the crucial Pension Bill September 4, 2013

    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: Jairam...
  • SpiceJet says airfares will be hiked by 30 per cent September 3, 2013

    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 September 3, 2013

    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 September 2, 2013

    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 September 2, 2013

    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 August 29, 2013

    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 to...
  • Markets tank, rupee plunges to 66.24 vs $; brace for fuel price hike August 27, 2013

    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? July 9, 2013

    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? July 9, 2013

    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 July 9, 2013

    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 upset...
  • CNG price in Delhi hiked by Rs 2 per kg with effect from today June 25, 2013

    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 June 16, 2013

    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 June 15, 2013

    On Saturday, the government hiked petrol price by Rs 2 a litre, the second increase in rates in June alone. ...