Fuel

  • Petrol price cut by 70 paise per litre 15-04-2014 06:34 PM

    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...
  • Maruti likely to undertake Dzire recall to replace faulty part 08-04-2014 04:01 PM

    The country's largest carmaker Maruti Suzuki India is likely to recall about one lakh units of its compact sedan Dzire to replace a faulty fuel tank part. While the company officials declined to comment, neither confirming nor denying the development, industry sources said the firm has already initiated replacement of...
  • Honda, Toyota to launch fuel-cell cars in 2015: Report 26-03-2014 12:28 PM

    Bangalore: Honda Motor Co Ltd and Toyota Motor Corp plan to launch fuel-cell vehicles in the consumer market in 2015, with each producing about 1,000 eco-friendly cars a year, the Nikkei newspaper reported. The automakers now offer fuel-cell cars on lease, with users centreing on municipalities and businesses, the daily...
  • January inflation seen easing on food, fuel prices but still elevated 11-02-2014 11:19 AM

    India's high inflation probably eased to a seven-month 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...
  • Delhi: Autorickshaw drivers protest outside Moily's residence 29-12-2013 06:44 PM

    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...
  • Diesel price hiked by 50 paise per litre from Saturday midnight 30-11-2013 06:15 PM

    New Delhi: Diesel prices have been hiked by 50 paisa per litre, excluding VAT, with effect from Saturday midnight. The prices of petrol, however, remains unchanged. The price increase, the 11th since January, excludes local sales tax or VAT, oil companies announced. The price of diesel in Delhi will be...
  • Mamata takes a dig at Moily's 'Bus Day' proposal 09-11-2013 11:15 PM

    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...
  • Over 8,000 Indians register for project Mars One 03-11-2013 10:26 PM

    Chennai: Over 8,000 Indians have so far signed up for the one-way trip to Mars and settle down on the red planet. The one-way trip called Mars One, a project by The Netherlands, has been conceived with the aim of establishing a colony there in the next 10 years. An...
  • Jet Airways report worst quarterly loss of Rs 891 crore 23-10-2013 06:59 PM

    Jet Airways reported its worst quarterly loss on record as carriers in Asia's third-biggest economy battle high fuel costs and taxes. Mumbai-based Jet, India's second-biggest carrier by domestic market share, reported a net loss of 8.91 billion rupees for the fiscal second quarter to September 30, compared with a net...
  • FTP: Oil minister Moily travels by metro: Should more VIPs use public transport? 09-10-2013 11:30 PM

    Delhi Metro has a VIP commuter now as Petroleum Minister Veerappa Moily has started his drive to save fuel by commuting through metro to work. Petroleum Minister Veerappa Moily took the metro to the ministry on Wednesday. He plans to do so every Wednesday and he has also adviced his...
  • Moily starts austerity drive to save fuel by riding on metro 09-10-2013 09:34 PM

    New Delhi: Delhi Metro has a VIP commuter now as Petroleum Minister Veerappa Moily has started his drive to save fuel by commuting through metro to work. He plans to do so every Wednesday and he has also adviced his Cabinet colleagues to use public transport. What can be termed...
  • Oil Minister Veerappa Moily travels to work in metro to save fuel 09-10-2013 10:31 AM

    New Delhi: Petroleum Minister Veerappa Moily took the metro to the ministry on Wednesday. The minister took the Metro from a station near his residence and travelled to the Central Secretariat station, which is near Shastri Bhawan. The Petroleum Minister latest action is said to be part of a fuel...
  • Railways to increase passenger train fares by 2-3 per cent from Oct 7 04-10-2013 02:28 PM

    New Delhi: The Indian Railways is likely to revise passenger fares by 2-3 per cent from October 7. According to the Railways fuel adjustment component will be added to the ticket fare. Railway Minister Mallikarjun Kharge on Thursday said that he was examining a proposal to increase rail fare adding...
  • No plans to raise fuel prices at present, says Veerappa Moily 24-09-2013 05:04 PM

    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...
  • Veerappa Moily to unveil mega fuel conservation campaign today 24-09-2013 09:18 AM

    Oil Minister M Veerappa Moily will on Tuesday unveil a mega fuel conservation campaign aimed at cutting oil demand so as help the nation save up to USD 20 billion in foreign exchange. Prime Minister Manmohan Singh had asked Moily to prepare a plan to cut oil import bill by...
  • CNG price hiked by Rs 3.70 per kg in in Delhi 07-09-2013 07:30 PM

    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...
  • India eyes diesel price rise, fuel consumption curbs 07-09-2013 09:27 AM

    India may announce more measures to curb fuel consumption later this month and raise diesel prices by close to 10 percent soon in a bid to cut the biggest item in its import bill and support the rupee, government officials said. The world's fourth-biggest energy user is considering a Rs...
  • IndiGo joins other airlines, hikes airfares by 25 per cent 07-09-2013 08:25 AM

    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...
  • Goa slashes VAT on fuel to fight rising airfares 05-09-2013 11:04 AM

    Panaji: In a bid to arrest slump in arrivals and insulate itself from rising airfares during the upcoming tourist season, the Goa government has decided to offer incentives to all airlines refuelling themselves in the beach destination. Chief Minister Manohar Parrikar Wednesday said the state has already slashed Value Added...
  • Rupee, stocks rally as new RBI chief Raghuram Rajan fuels confidence 05-09-2013 10:59 AM

    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...
  • Live: Lok Sabha passes the crucial Pension Bill 04-09-2013 11:14 AM

    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:...
  • SpiceJet says airfares will be hiked by 30 per cent 03-09-2013 12:26 PM

    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 03-09-2013 07:56 AM

    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...
  • India @ 9 with Rajdeep Sardesai 02-09-2013 11:50 PM

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Is the government running out of options to control the oil pool deficit? 02-09-2013 11:20 PM

    In an attempt to cut oil consumption, the Oil Ministry had on Sunday proposed petrol pumps to be open from 8 am to 8 pm. However, Oil Minister Veerappa Moily took a U-turn on Monday and denied any such proposal after facing criticism from the Opposition and the public. ...
  • Moily takes a U-turn on petrol pump timings proposal amidst criticism 02-09-2013 10:00 PM

    New Delhi: A day after the oil ministry proposal's to restrict petrol pumps timings generated huge criticism from Opposition and public, Oil Minister Veerappa Moily had taken a U-turn within the 24 hours. The government is in panic mode to cut costs amidst mounting oil imports bills and complaints of...
  • The Last Word: What are sensible and silly ways of conserving fuel? 02-09-2013 09:31 PM

    In an attempt to cut fuel consumption, the Petroleum Ministry has proposed petrol pumps to be open from 8 am to 8 pm only. Oil Minister Veerappa Moily had earlier written a letter to Prime Minister Manmohan Singh and Finance Minister P Chidambaram suggesting further hike on fuel prices. ...
  • News 360: No plan to restrict petrol pump timings, says Veerappa Moily 02-09-2013 09:28 PM

    Petroleum Minister Veerappa Moily does a U-turn on the suggestion of keeping petrol pumps shut from 8 pm to 8 am. Speaking to IBN18 Editor-in-Chief Rajdeep Sardesai, Moily said there has been no such proposal. ...
  • Oil Ministry seeks diesel price hike of Rs 5 per litre 02-09-2013 07:25 PM

    New Delhi: After taking a U-turn over keeping petrol pumps shut from 8 pm to 8 am to conserve fuel, Petroleum Minister Veerappa Moily on Monday indicated that his ministry has proposed a diesel price hike of Rs 5 per litre. While speaking to IBN18 Editor-in-Chief Rajdeep Sardesai, Moily said...