World | Agence France-Presse | Sunday November 23, 2014
Widodo's promise to close a fast-growing wealth gap is looking tougher after his decision last week to hike subsidized fuel prices, which observers warn will hit the poor hard as food prices rocket due to higher transportation costs.
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 ...
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.
Monday July 7, 2014
Upstream oil and gas producers like ONGC and Oil India pay part of their profits to the government to finance subsidies to oil marketing companies, which sell Kerosene and LPG to the public at below market prices. Raising of LPG and kerosene prices w...
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.
South | Press Trust of India | Wednesday July 2, 2014
Two BJP allies in Tamil Nadu today urged the NDA government to rollback the hike in fuel prices, saying it would impact the common man already reeling under the "burden" of rail fare hike, among others.
Tuesday July 1, 2014
Price of non-subsidised cooking gas (LPG) was today hiked by Rs 16.50 per cylinder and that of jet fuel by over half-a-per cent after international oil prices surged 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...
Saturday June 21, 2014
Faced with criticism of effecting a steep hike, the Railways clarified late in the evening on Friday that the increase was only 10 per cent in passenger fare and 5 per cent in freight charges.
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.
Election 2014 | Press Trust of India | Tuesday May 27, 2014
Hinting at pro-poor approach in dealing with fuel and gas price hike, new Oil Minister Dharmendra Pradhan today said energy self-reliance is a pre- requisite for the country to become an economic superpower.
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.
Monday January 13, 2014
The government on Friday notified a new natural gas pricing formula that will be almost double the rate of all domestically produced fuel to $8.2-8.4 a unit starting April 1
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.
Wednesday January 1, 2014
The price of aviation turbine fuel (ATF) or jet fuel was on Wednesday hiked by over 2.7 per cent - the second increase in rates in one month.
Friday December 27, 2013
A day after hiking CNG price by a steep Rs 4.50 per kg, Indraprastha Gas Ltd said on Friday the increase was forced by court orders that led to a cut in allocation of cheaper domestic natural gas.
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.
Monday October 28, 2013
The expert group, which was asked to suggest a methodology for pricing of diesel and cooking fuel, will submit its report on Wednesday.