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 statement in Chennai.
"It is unjust for the oil companies to have hiked the prices despite decline in international crude rates," she said, adding, the price of petrol was however in line with international trends. It was "unacceptable" that diesel prices were being hiked every month as a policy decision despite crude prices getting cheaper, she said while strongly condemning Friday's hike of more than Re one. The move would result in increase in rail tariff besides those of private transport and freight charges which could further propel the prices of essential commodities upwards, she said.
...
more
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
The flight from San Fransisco to Phoenix took 18 hours and 18 minutes on Saturday - and didn't use a drop of fuel. A solar-powered airplane that developers hope eventually to pilot around the world landed safely in Phoenix on the first leg of an attempt to fly across the United States using only the sun's energy, project organizers said. The plane, dubbed the Solar Impulse, took 18 hours and...
07:00 AM, May 05, 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: In a welcome relief, the petrol price was slashed by Rs 3 on Tuesday evening, effective from midnight. The petrol price was slashed as crude oil became cheaper in international market. Earlier reports had suggested that the petrol prices may be slashed by up to Rs 2 effective from May 1. Following are the revised prices of petrol in four metros, effective from midnight. Delhi Rs 63.09, Kolkata...
07:49 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
Boston: Vowing to deliver on the fiscal roadmap, Finance Minister P Chidambaram has expressed confidence that elections are not a hitch in carrying out reforms including fuel price adjustments. Addressing an investor meet hosted by Citi Group in Boston, he said while fiscal deficit will be reduced by 60 basis points each year, the current account deficit (CAD) will be narrowed by raising exports. Citi said in a note after...
06:16 PM, Apr 17, 2013
Dubai: Iran said on Tuesday operations had begun at two uranium mines and a milling plant and that Western opposition would not slow its nuclear work, days after talks with world powers made no breakthrough. Marking its annual National Nuclear Technology Day, Iran also said it would continue to need higher-grade enriched uranium - the part of its atomic activity that most worries the West - to fuel additional research...
07:35 AM, Apr 10, 2013
Washington: Saying that he wanted the next job-creating discoveries to happen not in India or China, but the US, President Barack Obama has unveiled a $100 million initiative to unlock the "enormous mystery" of the human brain. "I don't want the next job-creating discoveries to happen in China or India or Germany. I want them to happen right here, in the United States of America," the president said on Tuesday...
12:30 AM, Apr 04, 2013
A first of its kind ultra-lightweight plane powered completely by the sun is set to fly coast-to-coast this spring. The Solar Impulse plane will stop in Dallas city in Texas during its historic cross-country journey that begins on May 1, 2013 its creators announced on Tuesday. The plane, which requires zero fuel and relies solely on solar panels and battery power, would be the world's first plane powered purely by...
07:34 AM, Apr 03, 2013
Shortage of fuel - both gas and coal - was the only reason for the growing electricity scarcity in the country, particularly in the south, Central Electricity Authority Chairman AS Bakshi said in Hyderabad on Saturday. "Coal shortage will continue for at least 3-4 years though we have adequate reserves. Domestic coal supply to power generating stations has increased by eight per cent in 2013, but still there will be...
02:30 AM, Mar 31, 2013
In a midnight crackdown, Hyderabad police forcibly shifted fasting leaders of the main opposition Telugu Desam Party (TDP) to a state-run hospital after their condition deteriorated. Policemen lifted 29 TDP legislators into waiting vehicles and shifted them to Nizam's Institute of Medical Sciences (NIMS), where they were forcibly given medical aid. ...
11:21 AM, Mar 30, 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
Envisioning cars that can go "coast to coast without using a drop of oil," President Barack Obama on Friday urged Congress to authorize spending $2 billion over the next decade to expand research into electric cars and biofuels to wean automobiles off gasoline. ...
02:25 AM, Mar 16, 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
The US has warned Pakistan that if it goes ahead with the construction of a USD 7.5 billion gas pipeline with Iran, sanctions would be triggered, even as a section of the project was inaugurated on Monday. "We have serious concerns, if this project actually goes forward, that the Iran Sanctions Act would be triggered. We've been straight up with the Pakistanis about these concerns. As I said at some...
12:30 AM, Mar 12, 2013
An Assistant Sub Inspector (ASI) has died in a farmers' protest in Tarn Taran in Punjab on Wednesday morning. ...
09:31 AM, Mar 06, 2013
Keeping in view the fuel needs of the power sector, the government said there was no other choice but to import coal and adopt a policy of blending the prices of domestic and imported coal. "If the coal requirements of the existing power plants and the power plants that will come into operation by March 31, 2015 are taken into account, there is no alternative except to import coal and...
03:41 PM, Feb 28, 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
