
Chennai: The Madras High Court on Monday set aside a single Judge's recent order restraining oil marketing companies from charging higher price for diesel sold to state transport corporations in Tamil Nadu.
Earlier, the High Court had restrained the Centre from charging higher diesel price from transport corporations in Tamil Nadu.
The petition filed by the Petroleum Ministry had contended the single Judge ought not to have entertained the petition by the Chairman of state transport undertakings challenging the Centre's decision which had a country-wide ramification and should have dismissed it in limine.
Earlier, the case was brought forward by the state government which challenged the Petroleum Ministry's decision to charge bulk consumers more as per its new dual pricing policy. In its plea, the state had argued that its transport corporations were loss making prepositions but a very important and essential service used by masses....
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12:09 PM, Apr 22, 2013

Car makers Honda Cars India and Hyundai Motors India today said they have hiked prices of their vehicles by up to Rs 10,000 to offset increased cost of on board diagnostic compliance changes (OBDC). ...

07:21 PM, Apr 01, 2013

The Centre on Monday filed a petition in the Madras High Court seeking to set aside a single Judge's recent order restraining oil marketing companies from charging higher price for diesel sold to state transport corporations in Tamil Nadu. The petition filed by the Petroleum Ministry contended the single Judge ought not to have entertained the petition by the Chairman of state transport undertakings challenging the Centre's decision which had...

03:12 AM, Mar 26, 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

Luxury car maker Mercedes-Benz India will hike prices of its entire range that will translate into an increase of up to Rs 58 lakh on imported vehicles from April 1. The hike in price ranges from 1-4 per cent for locally produced models, and up to 20 per cent for select CBUs (completely built units), the company said in a statement. ...

10:27 PM, Mar 14, 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

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

BJP on Tuesday said it will continue to raise in both Houses of Parliament the issue of diesel price hike, which is hitting the common man, but not stall proceedings. The matter was discussed at the BJP Parliamentary Party meeting attended by its top leaders on Tuesday morning. ...

01:31 PM, Mar 05, 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

Railway Minister Pawan Kumar Bansal will be the first Congress minister in 17 years to announce the Railway Budget on Tuesday and indications are that rail fares are likely to go up in line with the fuel price hike. ...

08:06 AM, Feb 26, 2013

All eyes will be on Railway Minister Pawan Kumar Bansal on February 26 on whether he yields to pressure of hiking passenger fares yet again or looks at other measures to mobilise resources to offset the burden of the recent diesel price hike. Bansal had on January 22 hiked passenger fares across-the-board after the Railways faced a loss of about Rs 25,000 crore in the passenger segment. ...

04:56 PM, Feb 25, 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

Slamming the hike in fuel prices, Tamil Nadu Chief Minister J Jayalalithaa on Friday said the move amounted to betraying the middle and lower classes and made a fresh demand for changing the fuel pricing policy. "Even before the ink had dried up after signing the hike in prices of diesel recently, the Centre is increasing the price of petrol by Rs 1.50 and diesel by 45 paise...it amounts to...

12:21 AM, Feb 16, 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

The Ministry of Railways has sought additional funding from the Centre after the recent diesel price hike. Minister of Railways Pawan Bansal on Saturday said, "Rs 6600 crore is enough for operational work only. We have insufficient funds for other maintenance work. If we need to hire more trains, maintenance of existing trains, electrifications etc, we need more." ...

06:16 PM, Feb 02, 2013

Hyundai Motor India Ltd (HMIL) today said it has increased prices of all models starting from Eon to Santa Fe with immediate effect by up to Rs 20,878 to offset impact of rise in input cost and fluctuation in currency. ...

03:50 PM, Feb 02, 2013

Diesel prices set to go up monthly after the government decided to withdraw diesel subsidy. Oil companies say they will increase the price of diesel by 40 to 50 paise per litre every month. ...

02:22 PM, Feb 01, 2013

In Gujarat, over 7000 state-owned buses of the GSRTC are now buying diesel at petrol stations instead of their own depot. The reason - the centre's price hike by Rs 12 per litre which has hit the already-loss-making bus service. ...

09:58 AM, Jan 30, 2013