Diesel Deregulation
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Diesel Prices Deregulated: How it Impacts You
The government on Saturday deregulated diesel prices. In simple terms, the government will no longer decide the selling price of diesel in the country. That decision will now be taken by oil retailers such as Indian Oil Corp, BPCL and HPCL.
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Oil PSUs To Pay Royalty On Gross Price To Producing States
In a bonanza to oil producing states like Assam, the government has ordered state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) to pay royalty to them on the gross price for crude oil and not the net rate they actually realise.
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Oil Minister Hints at Deregulation of Diesel Rates
Under-recovery or the gap between retail selling price and the cost of import, this month dipped to an all-time low of 8 paise a litre, helped by the monthly increases and softening in international oil rates.
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Government to Decide on Diesel Deregulation After State Polls: Report
This is perhaps the first time that retail prices in India are higher than the global rates due to a sustained monthly rise in local prices since January 2013.
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Diesel Deregulation to Benefit Consumers, Says Essar Oil
The government's decision to deregulate diesel will be advantageous for consumers, Essar Oil said on Saturday.
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Government Ends Diesel Controls, Raises Gas Prices
The government on Saturday lifted diesel price controls and raised the cost of natural gas, giving market forces greater sway as it seeks to attract energy investment, boost competition and cut subsidy costs.
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Opinion: How Modi Government Finally Removed the Elephant in the Room
The Modi government has done the right thing by decontrolling diesel prices. This single reform will have a huge ripple effect in the rest of the economy. For years, diesel has remained the elephant in the room in any discussion on the massive petroleum subsidy and its deleterious effect on other macro-parameters such as the fiscal deficit, current...
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Diesel Price Cut to Reduce WPI by 0.20%: Motilal Oswal
Diesel deregulation would result in a sharp fall in diesel inflation to 4 per cent from 13 per cent by December 2014, said Motilal Oswal.
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Auto Shares Gain; Diesel De-control May Boost Demand
Auto stocks gained today as removal of price controls on diesel is seen helping demand for cars.
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HPCL to Gain Most From Diesel Deregulation: Jefferies
Government on Saturday lifted diesel price controls and raised the cost of natural gas. Jefferies said HPCL's earnings from diesel deregulation may double over FY14.
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Freeing Diesel Will Allow RBI to Cut Rates: India Ratings
The government's decision to free diesel prices will give more space to the Reserve Bank (RBI) to slash interest rates earlier than expected, and also help in improving the overall finances of the country, according to a report by India Ratings.
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Private Fuel Retailers to Dip Toe, Not Dive Back, Into India
The scrapping of diesel price controls by the government opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.
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Government Decision to Deregulate Diesel is 'Credit Positive': Moody's
Still, Moody's also noted the fiscal savings for the government's diesel measures "are likely to be limited" given total subsidies account for less than 1 per cent of the country's 2013/14 gross domestic product.
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Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister
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.
-
Falling Global Crude Prices Bolster India's Economic Outlook
Cheaper oil allowed PM Modi to end government price caps on diesel without it hurting consumers. In fact, the decision on Saturday led to an immediate 5.7 per cent fall in pump prices for the fuel that drives rural tractors and urban SUVs.
-
Diesel Prices Deregulated: How it Impacts You
The government on Saturday deregulated diesel prices. In simple terms, the government will no longer decide the selling price of diesel in the country. That decision will now be taken by oil retailers such as Indian Oil Corp, BPCL and HPCL.
-
Oil PSUs To Pay Royalty On Gross Price To Producing States
In a bonanza to oil producing states like Assam, the government has ordered state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) to pay royalty to them on the gross price for crude oil and not the net rate they actually realise.
-
Oil Minister Hints at Deregulation of Diesel Rates
Under-recovery or the gap between retail selling price and the cost of import, this month dipped to an all-time low of 8 paise a litre, helped by the monthly increases and softening in international oil rates.
-
Government to Decide on Diesel Deregulation After State Polls: Report
This is perhaps the first time that retail prices in India are higher than the global rates due to a sustained monthly rise in local prices since January 2013.
-
Diesel Deregulation to Benefit Consumers, Says Essar Oil
The government's decision to deregulate diesel will be advantageous for consumers, Essar Oil said on Saturday.
-
Government Ends Diesel Controls, Raises Gas Prices
The government on Saturday lifted diesel price controls and raised the cost of natural gas, giving market forces greater sway as it seeks to attract energy investment, boost competition and cut subsidy costs.
-
Opinion: How Modi Government Finally Removed the Elephant in the Room
The Modi government has done the right thing by decontrolling diesel prices. This single reform will have a huge ripple effect in the rest of the economy. For years, diesel has remained the elephant in the room in any discussion on the massive petroleum subsidy and its deleterious effect on other macro-parameters such as the fiscal deficit, current...
-
Diesel Price Cut to Reduce WPI by 0.20%: Motilal Oswal
Diesel deregulation would result in a sharp fall in diesel inflation to 4 per cent from 13 per cent by December 2014, said Motilal Oswal.
-
Auto Shares Gain; Diesel De-control May Boost Demand
Auto stocks gained today as removal of price controls on diesel is seen helping demand for cars.
-
HPCL to Gain Most From Diesel Deregulation: Jefferies
Government on Saturday lifted diesel price controls and raised the cost of natural gas. Jefferies said HPCL's earnings from diesel deregulation may double over FY14.
-
Freeing Diesel Will Allow RBI to Cut Rates: India Ratings
The government's decision to free diesel prices will give more space to the Reserve Bank (RBI) to slash interest rates earlier than expected, and also help in improving the overall finances of the country, according to a report by India Ratings.
-
Private Fuel Retailers to Dip Toe, Not Dive Back, Into India
The scrapping of diesel price controls by the government opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.
-
Government Decision to Deregulate Diesel is 'Credit Positive': Moody's
Still, Moody's also noted the fiscal savings for the government's diesel measures "are likely to be limited" given total subsidies account for less than 1 per cent of the country's 2013/14 gross domestic product.
-
Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister
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.
-
Falling Global Crude Prices Bolster India's Economic Outlook
Cheaper oil allowed PM Modi to end government price caps on diesel without it hurting consumers. In fact, the decision on Saturday led to an immediate 5.7 per cent fall in pump prices for the fuel that drives rural tractors and urban SUVs.
