India News | Press Trust of India | Sunday May 17, 2015
Former Jammu and Kashmir Chief Minister Omar Abdullah took a sarcastic swipe at the Union government hiking fuel prices, saying the move was "to celebrate the first year of good days".
India News | Press Trust of India | Saturday May 16, 2015
All Odisha Private Bus Owners' Association today threatened to go on an indefinite strike from June 5 if their demands including a mechanism of an automatic fare adjustment as soon as the price of fuel changes.
Friday May 15, 2015
Petrol price was on Friday hiked by Rs 3.13 per litre and diesel by Rs 2.71 per litre - the second straight steep increase in rates this month.
Friday May 15, 2015
Oil companies review global crude prices every fortnight and revise fuel prices accordingly.
Thursday April 30, 2015
State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.
Press Trust of India | Sunday March 1, 2015
The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was hiked by Rs 3,849.97 per kilolitre, or 8.2 per cent, to Rs 50,363 per kl, oil companies announced today.
Saturday February 28, 2015
Petrol and diesel prices were hiked for the second time in February. Saturday's hike, coinciding with the Union Budget, was a hefty Rs 3.18 per litre for petrol and Rs 3.09 per litre for diesel (inclusive of taxes in Delhi).
Press Trust of India | Wednesday February 25, 2015
Aviation turbine fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy, Oil Minister Dharmendra Pradhan said on Wednesday.
Thursday January 8, 2015
Gearing up to enter new segments this year, an upbeat Maruti Suzuki India says that the price hikes following the withdrawal of excise duty sops will not affect auto sales. The India's largest car maker is banking on factors like lower fuel prices and the likely softening of interest rates to offset the impact of increase in vehicle prices.
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.
Sunday December 21, 2014
Coal India arm WCL has proposed to increase the price of coal by Rs 500 a tonne on certain grades to make some of its projects viable.
World News | 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 best time to make the most of this opportunity.
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 will enable them to retain larger profits.
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.
Elections News | 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.