फिर बढ़ेंगे डीजल और एलपीजी के दाम
Nov 7, 2013
Subsidies: pro-poor or anti-growth?
Sep 2, 2013
Expect reform measures to continue: Essar Oil
Feb 26, 2013
Monday February 17, 2014
He estimated combined food, fertiliser and fuel subsidies at Rs 2.5 lakh crore in 2014/15.
Tuesday January 28, 2014
Oil and gas producers ONGC and Oil India Ltd bear a portion of the losses that fuel retailers incur on selling some fuels at subsidised rates. The government also offers the oil refiners a cash subsidy as compensation.
Thursday November 7, 2013
Sources said the Finance Ministry had provided Rs 8,000 crore subsidy to cover for 31 per cent of the Rs 25,579 crore lost on diesel and cooking fuel sales in April-June.
Thursday November 7, 2013
The government has sanctioned Rs 8,772 crore cash subsidy to state-owned fuel retailers like IOC to cover for a fourth of the revenue they lost on selling diesel and cooking fuel below cost in September quarter.
Tuesday November 5, 2013
Indian Oil Corp (IOC) has asked the government to compensate for the interest it has to pay on loans taken due to delay in payment of fuel subsidy.
Friday November 1, 2013
The Oil Ministry on October 31 issued orders asking upstream oil and gas producers like ONGC and Oil India Ltd (OIL) to give Rs 16,729.74 crore to make up for 47 per cent of the Rs 35,328 crore revenue that retailers lost on selling diesel, domestic ...
Monday October 7, 2013
India must tackle a jump in spending on fuel and food subsidies sooner rather than later, Finance Minister P Chidambaram said, part of a series of steps aimed at stabilising the economy to be announced ahead of an election due within seven months.
India | Agence France-Presse | Friday September 27, 2013
Rights groups slammed Sudan for killing protesters demonstrating against fuel subsidy cuts, saying 50 people were shot dead in two days in the country's worst riots since 1989.
Monday September 2, 2013
Oil Minister M Veerappa Moily has written to Prime Minister Manmohan Singh saying fuel subsidy would rise to record levels if measures are not taken soon.
Monday August 26, 2013
State-owned fuel retailers are likely to get Rs 8,000 crore cash subsidy on September 17 to make up for less than a third of losses they incurred on selling diesel and cooking fuel below cost in first quarter.
Tuesday August 20, 2013
Moody's added the fuel subsidy for July-September will likely rise to Rs 35,000 crore- Rs 40,000 crore compared with Rs 25,600 crore in April-June due to the ongoing depreciation of the rupee and the rising crude oil prices.
Tuesday August 13, 2013
State-owned Oil India Ltd (OIL) on Tuesday reported a 34.5 per cent drop in its June quarter net profit. The oil retailer said net realisation fell due to higher fuel subsidy outgo in the quarter.
Thursday August 8, 2013
Depreciating rupee has resulted in widening losses on fuel sales and oil firms are currently losing Rs 9.29 per litre on diesel, Rs 33.54 a litre on kerosene and Rs 412 per 14.2-kg LPG cylinder.
Tuesday July 16, 2013
Fuel retailers Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp sell diesel, kerosene and cooking gas at subsidised rates to protect the poor and tame inflation.
India | Press Trust of India | Saturday June 1, 2013
Starting today cooking gas (LPG) consumers in 18 districts will get Rs 435 in their bank accounts when they book an LPG cylinder as the government rolls out its ambitious direct benefit transfer (DBT) programme to cut its fuel subsidy.
Thursday May 23, 2013
The decision, taken on Wednesday, has not yet been formally intimated by the Finance Ministry, but the current tranche will enable the companies to report quarterly profits at their earnings next week, officials at the three companies, who declined t...
Monday March 25, 2013
The Finance Ministry has so far provided Rs 55,000 crore to Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) to cover for part of the revenue they lost on selling diesel, domestic LPG and kerosene at gov...
Thursday February 28, 2013
Aiming to bring down the fiscal deficit, Finance Minister P Chidambaram today sought to reduce major subsidies on fuel, food and fertilisers by 11 per cent to over Rs 2.20 lakh crore in 2013-14 fiscal compared to the revised estimates for the current...
Tuesday February 26, 2013
Finance Minister P Chidambaram on Tuesday said it is difficult to charge a market price for luxury cars and a subsidised price for farmers and transport trucks at the same petrol pump.
Wednesday March 6, 2013
The government had on January 17 permitted state-run oil marketing companies to set diesel prices in a move that could help the government reduce its budget-busting subsidy bill. A day later, the price of the fuel was hiked by 45 paise.