Diesel Deregulation: Return of Private Retailers & a Price War?
Wednesday October 22, 2014
India's scrapping of diesel price controls 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.
Modi Government May Decide on Coal Reforms: Your 10-Point Cheat-Sheet
Business | Monday October 20, 2014
The Narendra Modi government may discuss much-needed reforms in the coal sector in a Cabinet meeting today, sources told NDTV. A decision on reforms in the coal sector may come after the government announced linking diesel prices to market rates and hiked prices of domestic gas over the weekend. The government needs to address the deficit in coal s...
Why Stock Markets are Upbeat about Diesel Decontrol, Gas Price Hike
Business | Monday October 20, 2014
The Modi government on Saturday de-controlled diesel prices and also announced a hike in domestic gas prices. State-run refiners such as Indian Oil Corp, HPCL and BPCL as well as upstream companies such as ONGC, Oil India and GAIL jumped between 4-9 per cent on the announcements. HPCL hit its 52-week high, but Reliance Industries traded lower today...
Diesel Prices Deregulated: How it Impacts You
Business | Monday October 20, 2014
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.
Diesel Deregulation to Benefit Consumers, Says Essar Oil
Business | Saturday October 18, 2014
The government's decision to deregulate diesel will be advantageous for consumers, Essar Oil said on Saturday.
Diesel Prices Deregulated, Fall by Nearly Six Per Cent
India News | Reported by Rahul Shrivastava, Edited by Anindita Sanyal (With PTI inputs) | Saturday October 18, 2014
The Narendra Modi government deregulated diesel prices today, tying it to the global oil prices. The move will result in an immediate price cut -- a first in five years.
Diesel Prices Deregulated, Fall by Nearly 6%
Business | Saturday October 18, 2014
Making the announcement following a cabinet meeting this evening, Union Finance Minister Arun Jaitley said, "Over the last 5 years, the (diesel) prices have increased (by) almost 50 paise every month because there is a reduction in the international crude prices while we are linking it to the market price. The price today would stand reduced."
Narendra Modi Government Deregulates Diesel Prices
India News | Reported by Rahul Shrivastava, Edited by Anindita Sanyal | Saturday October 18, 2014
The Union Cabinet met this evening to discuss the deregulation of diesel prices, sources told NDTV. Deregulation would mean the prices of diesel will move as per market flow - just like petrol. It would also ease the government's subsidy burden.
Diesel Prices Might Drop By Rs 2.50/litre After State Polls
Friday October 10, 2014
A Rs 2.50 per litre cut in diesel prices and a little less than Re 1 a litre on petrol is in offing as international oil rates fell to a 27-month low. Prices may be cut after Maharashtra and Haryana assembly elections are completed on October 15.
Diesel Prices May Come Down Soon
Business | Monday September 1, 2014
Diesel currently costs Rs 58.97 per litre in Delhi and Rs 67.26 per litre in Mumbai. In Kolkata it is priced at Rs 63.81 per litre and Chennai charges Rs 62.92.
Oil Ministry to Seek Cabinet Nod on Diesel Deregulation: Report
Business | Friday August 22, 2014
The Oil Ministry will approach the Cabinet regarding a possible deregulation of domestic diesel pricing as local prices could soon reach parity with global levels, two ministry sources told Reuters.
High Subsidies on LPG, Kerosene to Remain a Challenge: ICRA
Business | Monday July 7, 2014
With diesel price deregulation likely at some point this fiscal, high subsidies on LPG and kerosene will continue to be a major challenge, ICRA Research said on Monday.
Modi May Push Ahead With Diesel Price Deregulation: Report
Business | Wednesday May 21, 2014
With the biggest election win in 30 years, the Modi-led National Democratic Alliance is expected to maintain the reforms momentum, ICICI Securities said in a research note.
Diesel prices to be deregulated in six months: Oil Minister
Business | Wednesday November 20, 2013
State-owned fuel retailers, who control 95 per cent of the petrol pump sales, sell diesel at government-fixed rates, which are way lower than the cost of production.
Diesel price deregulation may lead to hike in bus fares: India Ratings
Business | Tuesday May 7, 2013
State road transport corporations will have to raise fares by over 18 per cent to make up for the recent diesel price deregulation, according to India Ratings & Research said on Tuesday.
Diesel Deregulation: Return of Private Retailers & a Price War?
Wednesday October 22, 2014
India's scrapping of diesel price controls 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.
Modi Government May Decide on Coal Reforms: Your 10-Point Cheat-Sheet
Business | Monday October 20, 2014
The Narendra Modi government may discuss much-needed reforms in the coal sector in a Cabinet meeting today, sources told NDTV. A decision on reforms in the coal sector may come after the government announced linking diesel prices to market rates and hiked prices of domestic gas over the weekend. The government needs to address the deficit in coal s...
Why Stock Markets are Upbeat about Diesel Decontrol, Gas Price Hike
Business | Monday October 20, 2014
The Modi government on Saturday de-controlled diesel prices and also announced a hike in domestic gas prices. State-run refiners such as Indian Oil Corp, HPCL and BPCL as well as upstream companies such as ONGC, Oil India and GAIL jumped between 4-9 per cent on the announcements. HPCL hit its 52-week high, but Reliance Industries traded lower today...
Diesel Prices Deregulated: How it Impacts You
Business | Monday October 20, 2014
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.
Diesel Deregulation to Benefit Consumers, Says Essar Oil
Business | Saturday October 18, 2014
The government's decision to deregulate diesel will be advantageous for consumers, Essar Oil said on Saturday.
Diesel Prices Deregulated, Fall by Nearly Six Per Cent
India News | Reported by Rahul Shrivastava, Edited by Anindita Sanyal (With PTI inputs) | Saturday October 18, 2014
The Narendra Modi government deregulated diesel prices today, tying it to the global oil prices. The move will result in an immediate price cut -- a first in five years.
Diesel Prices Deregulated, Fall by Nearly 6%
Business | Saturday October 18, 2014
Making the announcement following a cabinet meeting this evening, Union Finance Minister Arun Jaitley said, "Over the last 5 years, the (diesel) prices have increased (by) almost 50 paise every month because there is a reduction in the international crude prices while we are linking it to the market price. The price today would stand reduced."
Narendra Modi Government Deregulates Diesel Prices
India News | Reported by Rahul Shrivastava, Edited by Anindita Sanyal | Saturday October 18, 2014
The Union Cabinet met this evening to discuss the deregulation of diesel prices, sources told NDTV. Deregulation would mean the prices of diesel will move as per market flow - just like petrol. It would also ease the government's subsidy burden.
Diesel Prices Might Drop By Rs 2.50/litre After State Polls
Friday October 10, 2014
A Rs 2.50 per litre cut in diesel prices and a little less than Re 1 a litre on petrol is in offing as international oil rates fell to a 27-month low. Prices may be cut after Maharashtra and Haryana assembly elections are completed on October 15.
Diesel Prices May Come Down Soon
Business | Monday September 1, 2014
Diesel currently costs Rs 58.97 per litre in Delhi and Rs 67.26 per litre in Mumbai. In Kolkata it is priced at Rs 63.81 per litre and Chennai charges Rs 62.92.
Oil Ministry to Seek Cabinet Nod on Diesel Deregulation: Report
Business | Friday August 22, 2014
The Oil Ministry will approach the Cabinet regarding a possible deregulation of domestic diesel pricing as local prices could soon reach parity with global levels, two ministry sources told Reuters.
High Subsidies on LPG, Kerosene to Remain a Challenge: ICRA
Business | Monday July 7, 2014
With diesel price deregulation likely at some point this fiscal, high subsidies on LPG and kerosene will continue to be a major challenge, ICRA Research said on Monday.
Modi May Push Ahead With Diesel Price Deregulation: Report
Business | Wednesday May 21, 2014
With the biggest election win in 30 years, the Modi-led National Democratic Alliance is expected to maintain the reforms momentum, ICICI Securities said in a research note.
Diesel prices to be deregulated in six months: Oil Minister
Business | Wednesday November 20, 2013
State-owned fuel retailers, who control 95 per cent of the petrol pump sales, sell diesel at government-fixed rates, which are way lower than the cost of production.
Diesel price deregulation may lead to hike in bus fares: India Ratings
Business | Tuesday May 7, 2013
State road transport corporations will have to raise fares by over 18 per cent to make up for the recent diesel price deregulation, according to India Ratings & Research said on Tuesday.
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