The diesel price was hiked by 90 paise on Friday. ...
09:22 PM, May 11, 2013
New Delhi: Jet fuel prices were on Wednesday cut by 5.3 per cent, the second steep reduction in rates in one month. Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,545.94 per kilolitre (kl), or 5.35 per cent, to Rs 62,649.95 per kl, according to Indian Oil Corp, the nation's largest fuel retailer. The reduction in rate, made possible due to declining international oil prices, came...
09:17 PM, May 01, 2013
New Delhi: The price of non-subsidised LPG cylinders was cut by Rs 54 per bottle on Tuesday. The move came just hours after petrol price was slashed by Rs 3 per litre, effective from midnight. On April 1, the price of non-subsidised cooking gas was reduced by Rs 3 per cylinder in line with fall in international rates. The government had in September 2012 fixed a quota of six subsidised...
11:35 PM, Apr 30, 2013
New Delhi: Oil companies may slash petrol prices by up to Rs 2 per litre from May 1, sources said on Monday. The sources said that the clarity on the monthly revision of petrol prices was expected on Tuesday. Petrol price were last cut by Rs 1 per litre on April 15, the third reduction in a month. Earlier in April, the price was reduced by 85 paise per litre....
05:53 PM, Apr 29, 2013
Railways on Tuesday hiked freight rates for moving diesel and cooking fuels by almost 8 per cent, a move that may result in marginal hike in retail fuel prices. ...
03:17 PM, Feb 26, 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
Kotkasim: The government has labelled direct cash transfer of subsidies a game changer. To do a ground check, CNN-IBN travelled to Alwar and found that cash transfer of the subsidy in kerosene has not been a roaring success. Beneficiaries complain they have received money only till May. Mori Devi is back to cooking with firewood because she can no longer afford kerosene. Till December 2011, her family used to get...
07:30 AM, Nov 28, 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
New Delhi: Petrol price may be cut by about Rs 1.60 per litre later this month as appreciation of rupee against the US dollar has helped state firms make profit on the fuel. Indian rupee appreciated to five-month high since the government announced allowing foreign direct investment (FDI) in multi-brand retailing. This has eased the cost of imports for oil firms, helping them make profit on sale of petrol. "Yes,...
10:29 AM, Oct 04, 2012
An interactive graph displaying the hike in fuel prices (petrol, diesel, kerosene and LPG) in Delhi from 1989 to 2012. ...
01:19 PM, Sep 14, 2012
New Delhi: The Centre may finally bite the bullet and hike fuel prices soon. Oil minister Jaipal Reddy speaking on Friday, though, ruled out an immediate hike, but he warned of painful decisions that need to be taken. The Oil Ministry has circulated a Cabinet note on fuel price hike. Finance minister P Chidambaram is reportedly pushing for a hike in fuel prices. A final decision will be taken after...
02:25 PM, Sep 07, 2012
New Delhi: Petroleum and Natural Gas Minister Jaipal S Reddy on Friday said that there was "no immediate plan" to increase fuel prices. The minister's statement came amidst reports that the government was planning to hike petrol prices by Rs 5 per litre. Addressing the media, Reddy said, "There is no immediate proposal to hike fuel prices, including petrol. The Cabinet will take the final call." The minister added, "We...
11:56 AM, Sep 07, 2012
New Delhi: An increase in petrol, diesel, domestic cooking gas (LPG) and kerosene prices looks "imminent" after the Finance Ministry said it has no money to provide for fuel subsidy. "This (hike) is imminent. There is no question of holding back now," a top oil ministry official said on Tuesday. In all possibility, prices may be increased after the current monsoon session of Parliament ends on Friday. Diesel, domestic LPG...
06:17 PM, Sep 04, 2012
New Delhi: With a high-powered ministerial panel on fuel pricing being scrapped, a Cabinet committee may consider raising the prices of diesel, LPG and kerosene, Oil Minister S Jaipal Reddy indicated on Wednesday but refused to say when the issue would be taken up. After Pranab Mukherjee quit as Finance Minister to become the President, the Empowered Group of Ministers (EGoM) on fuel prices he headed has been scrapped. "We...
08:07 PM, Aug 01, 2012
New Delhi: Due to the policy of administered pricing of petrol, diesel, LPG and kerosene, the under recoveries on account of the subsidised petroleum for 2011-12 were to the tune of Rs 1,40,000 crore. This does not include the under-recovery on account of petrol as its price was set free but with Indian characteristics. The government has not permitted the oil marketing companies (OMCs) to raise petrol price and also...
11:36 AM, Jul 17, 2012
New Delhi: India's headline inflation slowed to its lowest level in five months in June helped by a moderation in fuel prices, adding to pressure from business leaders for a cut both in interest rates and fuel subsidies to help revive the lacklustre economy. The wholesale price index (WPI) rose a lower-than-expected annual 7.25 per cent in June, its slowest rise since January, following a drop in prices of some...
07:21 AM, Jul 17, 2012
New Delhi: The government is expected to file a reply in the Bombay High Court on Wednesday regarding a PIL against hike in petrol prices. The court had last week sought a response from the Centre, Petroleum and Finance Ministries on a PIL that claims the hike was illegal as it wasn't endorsed by Parliament. The PIL, filed by Rajendra Phanse, submitted that the petrol prices were hiked abruptly on...
09:09 AM, Jun 20, 2012
New Delhi: Still battling the fallout of last month's steep Rs 7.54 a litre hike in petrol price, the government on Friday said it is not considering raising rates of diesel, domestic gas (LPG) and kerosene for the moment. "I will only say there is no thinking on this matter. No date for meeting of Empowered Group of Ministers (EGoM) has been fixed," Oil Minister S Jaipal Reddy told reporters...
05:22 PM, Jun 08, 2012
There has been a lot of political uproar over the recent petrol price hike since a week. But there could be some talk of rolling petrol prices back partially. It may be recalled that last week, oil marketing companies announced an 11 per cent hike in petrol prices to cut down their losses of around Rs 6-8 which they incurred on selling petrol. However, the hike didn't go well with...
12:40 PM, May 31, 2012
New Delhi: The UPA government may face more flak over the next few days. Sources have told CNN-IBN that after petrol a diesel price hike is on the cards as well. In fact the government may hike prices as early as June. Sources have also said that the timing will depend on the political scenario, the way the rupee moves as well as on the market conditions. CNN-IBN has also...
07:33 AM, May 26, 2012
