arliament on Monday was adjourned till noon amid vociferous protests by the Opposition over the recent hike in petrol prices. Members of Left parties, Trinamool and AIADMK trooped into the Well of the Lok Sabha while BJP members shouted slogans from their seats against the hike. ...
12:40 PM, Mar 04, 2013
A major accident on the Indapur-Pune National Highway on Saturday led to a massive fire at a petrol pump. ...
08:40 AM, Mar 03, 2013
The price of the non-subsidised LPG cylinders were on Saturday slashed by Rs 37.5 per barrel, even as the price of diesel for bulk consumers was hiked by almost Re one per litre. The bulk consumers of diesel include the railways, transport undertakings, defence and industries like cement, mines and others. ...
06:09 PM, Mar 02, 2013
Accusing the Congress-led UPA of pushing people into another crisis and "untold miseries" with Friday's petrol price hike, Chief Minister Jayalalithaa today warned such repeated revision could well become a tool "that will destroy the central government. ...
10:01 PM, Mar 01, 2013
Petrol price has been hiked by Rs 1.40 per litre, excluding VAT, with effect from Friday midnight. This is the second hike in petrol price in over two weeks. ...
06:19 PM, Mar 01, 2013
Be careful while getting your vehicle filled at petrol pumps in Punjab, as you can get less petrol than the quantity ordered. The Mansa police has busted a gang which used to steal petrol or diesel by using an electronic chip attached to the pump while it was in use. ...
11:00 AM, Mar 01, 2013
With a fuel price hike every other day a man in Jalandhar is dedicating himself in an effort to find an economical and ecological solution to fuel guzzling cars. Sumeet Aneja has come up with many attractive, viable and most importantly buy-able electric cars. ...
10:27 AM, Feb 20, 2013
Oil Minister M Veerappa Moily on Monday ruled out a rollback in the Rs 1.50 a litre hike in petrol and 45 paisa per litre increase in diesel rates saying only a small raise has been passed on to consumers. ...
07:20 PM, Feb 18, 2013
Politicians across the board have criticised the recent hike in fuel prices. Key UPA ally DMK on Saturday condemned the petrol price hike and demanded that government retain its control on pricing of petroleum products besides seeking a change in pricing policy. ...
03:04 PM, Feb 16, 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
Petrol price may be hiked by about Re 1 a litre and diesel by 50 paise a litre by this weekend as oil firms begin to exercise the recently accorded freedom to adjust rates in step with cost. State-owned oil firms are losing Rs 1.32 a litre on petrol as international oil rates have firmed up during the last two weeks. ...
06:24 PM, Feb 13, 2013
Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue. The Finance Ministry has informed the Petroleum Ministry that auto fuel needs to be priced at export parity rather than import parity as the 2.5 per cent customs...
11:05 AM, Feb 03, 2013
Red lines have been drawn for next month's Union Budget, Finance Minister P Chidambaram has said ruling out abandoning of all subsidises while non-merit ones could be eliminated over a period of time. ...
04:23 PM, Jan 30, 2013
Changes to diesel prices in India do not need parliamentary support and are viewed as an executive decision because oil companies are owned by the government, Finance Minister P Chidambaram said on Tuesday. Chidambaram made the comments at a media briefing after meeting investors in Hong Kong in a drive to try and boost capital flows into Asia's third-largest economy. ...
05:59 PM, Jan 22, 2013
The government had no alternative but to decontrol the diesel prices as the country can "ill-afford" the economic crisis several European nations are going through, Congress leader Digvijay Singh said on Saturday. "In the wake of burgeoning oil subsidy, the government was forced to go in for the measure as the country could ill-afford an economic crisis, which was witnessed by the US and several European countries," the Congress general...
10:26 PM, Jan 19, 2013
How is the diesel price rise likely to affect the daily life of a common Indian? CNBC-TV18's economic policy editor & Delhi bureau chief Siddharth Zarabi joined IBNLive readers for an interaction on the issue. ...
05:46 PM, Jan 18, 2013
India's move to raise the price of subsidised diesel should help with its plans to sell shares in state companies including Oil India Ltd to help bridge the government's fiscal deficit and gives a boost to private oil refiners looking to enter the market for bulk diesel sales. ...
04:59 PM, Jan 18, 2013
Sources said that the price of diesel would be hiked by 40-50 paise per litre every month, and the move would be effective from Friday. ...
11:59 PM, Jan 17, 2013
Hours after the Cabinet on Thursday refused to take a call on increasing the price of diesel, kerosene and LPG, putting the onus on oil marketing companies to decide on diesel prices from time to time, sources said that the price of diesel would be hiked by 40-50 paise per litre every month, and the move would be effective from Friday. ...
08:00 PM, Jan 17, 2013
The Union Cabinet will take a decision on increasing diesel and LPG prices on Thursday. Diesel prices may be hiked by Rs 4.50 per litre. The Petroleum Ministry has proposed to increase diesel, kerosene and cooking gas rates. ...
11:56 AM, Jan 17, 2013
