Friday January 2, 2015
The government raised excise duty on petrol and diesel by Rs 2 per litre each but retail pump rates will not be increased.
Thursday January 1, 2015
The third excise duty hike since November will help raise additional Rs 6,000 crore during remaining three months of the current fiscal as the government took advantage of a slump in global oil prices to five-year low to shore up revenue without stok...
Thursday November 13, 2014
Earlier, the government has raised excise duty by Rs 1.50 a litre each for the two fuels.
Heena Gambhir | Tuesday October 21, 2014
Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the ...
Monday October 20, 2014
The Modi government on Saturday de-controlled diesel prices and also announced a hike in domestic gas prices. State-run refiners such as Indian Oil Corp, HPCL and BPCL as well as upstream companies such as ONGC, Oil India and GAIL jumped between 4-9 ...
South | Press Trust of India | Sunday August 31, 2014
Expressing concern over the latest hike in the price of diesel, Tamil Nadu chief minister J Jayalalithaa today demanded its rollback and urged Prime Minister Narendra Modi to change the existing price fixing formula for petroleum products.
Tuesday August 19, 2014
With global crude prices falling sharply, Indian consumers could soon get respite from monthly diesel price hikes.
Tuesday August 19, 2014
That would mean diesel prices charged by retailers could be market-priced by September, the investment bank added.
Heena Gambhir | Monday August 18, 2014
According to a senior official in the department, the urea price hike may be a creeping hike just like diesel, to eventually reduce the subsidy burden.
Thursday July 31, 2014
The last revision in fuel prices were undertaken on June 30 when petrol prices were hiked by Rs 1.69 per litre and diesel by 50 paise per litre, effective from midnight.
Wednesday July 2, 2014
Diesel prices are likely to be completely deregulated over the next 12 months as monthly increases in the price bridge the gap between cost and retail price, rating agency Moody's said on Wednesday.
India News | Indo-Asian News Service | Tuesday July 1, 2014
After the hike in petrol and diesel rates, the price of non-subsidised cooking gas (LPG) was on Tuesday raised by Rs.16.50 per cylinder in the wake of international crude oil prices surging due to the ongoing Iraq crisis.
South | Press Trust of India | Tuesday July 1, 2014
Tamil Nadu Chief Minister J Jayalalithaa on Monday opposed the latest revision in fuel prices, saying it has come as a 'disappointment' to people who voted for BJP expecting a change from the 'wrong' economic policies of the previous Congress-led UPA...
Monday June 30, 2014
Oil marketing companies have hiked petrol prices by Rs 1.69/litre and diesel by Rs 0.50/litre, effective from 1st July.
Wednesday June 25, 2014
Oil minister Dharmendra Pradhan is likely to attend a cabinet meeting on Wednesday, amid speculation that the government India could raise gas prices from July 1. Mr Pradhan is not a member of the cabinet committee, but can attend the meeting as a sp...
Tuesday June 24, 2014
For diesel, the subsidy estimated is Rs 35,736 crore but this will come down if the monthly increases continue as planned, sources said.
Friday June 13, 2014
The panel, headed by former Planning Commission member Chaudhuri, suggested that fuels should meet Euro-IV emission norms all over the country by 2017 and Euro-V standards by 2020.
Wednesday June 4, 2014
May's breakout is a major bullish event for ONGC, which has ended the stock's three-year ranging price action, Mr Balanco says. CLSA has a price target of Rs 500-511 on ONGC.
Tuesday May 13, 2014
Shares of public sector oil marketing companies rose after diesel prices were hiked yesterday by Rs 1.09 a litre, excluding state levies.
India News | Press Trust of India | Monday May 12, 2014
After a brief hiatus, diesel prices were hiked on Monday by Rs 1.09 a litre, excluding state levies in India.
Friday May 2, 2014
Based on recommendations of a Dr Parikh-led committee, the government in January 2013 had decided to hike diesel prices by 40-50 paise per month till the entire losses on sale of the fuel are wiped out, and prices made market determined.
Monday March 31, 2014
The price of petrol was on Monday cut by 75 paise per litre - the first reduction in five months - while the already unpopular monthly hike in diesel rates was put off during the election season.
Friday February 28, 2014
Oil marketing companies in India has increased petrol prices by 60 paise per litre and diesel by 50 paise/litre, excluding state levies. The new prices will come into effect from midnight Friday.
Friday January 31, 2014
The price of diesel was on Friday hiked by 50 paise per litre, while that of petrol was kept unchanged.