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 | 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 | 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.
Thursday January 9, 2014
India has asked bulk buyers to pay market rates for diesel since last January and has also been raising the price of subsidised diesel in small amounts every month in an effort to cut its ballooning fuel subsidies.
Friday January 3, 2014
Petrol price was on Friday hiked by 75 paise and diesel by 50 paise a litre as rise in global oil rates and fall in rupee value increased the cost of production.
Thursday December 26, 2013
The ministry is considering the diesel price hike along with a proposal for a new subsidy sharing mechanism, a newspaper reported on Thursday, citing unnamed officials.
Tuesday December 24, 2013
In the previous fiscal of 2012-13, Maruti's sales rose 3 per cent. The company said it does not see demand picking up for the rest of the current fiscal year ending March 2014.
Saturday December 21, 2013
Petrol price was on Friday hiked by 41 paise a litre without taxes following the government decision to raise commission paid to petrol pump dealers and firming global oil rates. Diesel rates were also increased by 10 paise per litre.
Friday December 13, 2013
The government-appointed Kirit Parikh committee suggested an "immediate" hike prices of diesel by Rs 5 a litre, Rs 4 per litre in kerosene and Rs 250 per cylinder in LPG, reduce annual entitlement of subsidised cooking gas cylinder from six from nine...