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18 days ago
Non-subsidised LPG, non-PDS kerosene, jet fuel rates hiked

New Delhi, May 1 (IANS) State-run oil marketers on Sunday hiked prices of non-subsidised cooking gas, non-PDS (public distribution system) kerosene and aviation turbine fuel (ATF), following their increasing petrol and diesel prices late on Saturday night. The price of non-PDS kerosene has been increased by nearly Rs.3 per litre. It now costs or Rs.49.10 a litre in Delhi as against Rs 46...

2 months ago
Karnataka budget taxes rich, middle class but spares poor

Bengaluru, March 18 (IANS) The Karnataka budget for 2016-17 hikes tax on petrol, diesel, beer, liquor and soft drinks, but spares the poor with exemption in cess on foodgrains and pulses. There would also be lower value added tax (VAT) on cotton, chatnipudi (curry powders), utensils, LED (light-emitting diode) bulbs and helmets, said Chief Minister Siddaramaiah, presenting the budget in ...

2 months ago
Karnataka budget proposes costlier fuel, liquor, soft drinks

Bengaluru, March 18 (IANS) Petrol, diesel, beer, liquor and soft drinks will be costlier in Karnataka from April 1, as the state budget for the coming fiscal (2016-17) seeks to hike various taxes on them. Presenting the budget for the next fiscal, Chief Minister Siddaramaiah told lawmakers in the legislative assembly here on Friday that petrol price would go up by Rs.1.89 per litre, with...

2 months ago
Congress slams government for hike in petrol and diesel price

New Delhi, March 16 (IANS) Congress on Wednesday slammed Narendra Modi government for the hike in petrol and diesel price, saying that it was anti-farmer, anti-poor and anti-common Indian citizen. The Congress party is forced to wonder as to how much will this government take to prove that it is anti-farmer, anti-poor and anti-common Indian citizen. It beats any logic, whatsoever to hit ...

2 months ago
Petrol price cut by Rs.3.02 a litre, diesel hiked by Rs.1.47

New Delhi, Feb 29 (IANS) State-run Indian Oil Corp. moved in contrary directions on Monday, cutting the petrol price by Rs.3.02 a litre, but raising diesel by Rs.1.47, both at Delhi, with corresponding changes in other states and effective from midnight. Indian Oil had moved contradictorily in its previous revision of transport fuel prices too on February 17, cutting petrol price by 32 p...

2 months ago
People have high expectation from Rail Budget: Prabhu

New Delhi, Feb 25 (IANS) Railway Minister Suresh Prabhu said on Thursday said that public expectations from the Railway Budget 2016 are quite high. People have high expectations from the Railway Budget this year, Prabhu told reporters here while leaving for budget presentation in the parliament. While railway finances are under major strain, the option to raise passenger and frei...

3 months ago
Petrol price cut by 32 paise/litre, diesel hiked 28 paise

New Delhi, Feb 17 (IANS) Though global oil prices pulled back a little from their earlier plunge, Indian Oil Corp moved contradictorily on Wednesday, cutting petrol price by 32 paise a litre, while increasing diesel price by 28 paise, it was announced here. The new prices were applicable at Delhi with corresponding changes in other states, effective midnight, the state-run oil marketer s...

3 months ago
Petrol price cut by 32 paise/litre, diesel hiked 28 paise

New Delhi, Feb 17 (IANS) Though global oil prices pulled back a little from their earlier plunge, Indian Oil Corp moved contradictorily on Wednesday, cutting petrol price by 32 paise a litre, while increasing diesel price by 28 paise, it was announced here. The new prices were applicable at Delhi with corresponding changes in other states, effective midnight, the state-run oil marketer s...

3 months ago
China again suspends oil price adjustment

Beijing, Feb 15 (IANS) China's top economic planner will not adjust domestic retail oil prices as global prices stayed below an official price floor introduced in January, it announced on Monday. Under the current mechanism, prices of refined oil products are adjusted when crude prices translate into a change of more than 50 yuan (over $7.5) per tonne for gasoline and diesel prices for a...

3 months ago
CPI-M-Congress alliance will be a mistake, have no ideology: Mamata

Kolkata,A Feb 12 (IANS) Lashing out at efforts to cobble up a Congress-Left Front alliance in the coming West Bengal assembly polls, Chief Minister Mamata Banerjee on Friday dubbed the proposed tie-up as a mistake and devoid of any ideology and said it would come a cropper. The (Left Front spearhead) Communist Party of India-Marxist used to abuse the Congress. They used to call Rajiv Gan...

3 months ago
Why 75 percent drop in global oil prices isn't reaching you

Record production in the US, weakened demand from the Eurozone and emerging economies like China and Brazil, and Iran's entry into the international market have effectively slashed the price of crude oil for India, from $106 per barrel in July 2014 to $26 in January 2016 - a 75 percent drop over 15 months. So, why are you not seeing evidence of this price-cut at your local petrol and die...

4 months ago
Half your fuel bill is in taxes but governments still ravenous

Despite the crash in the global prices of crude oil, the consumers are being denied a decent and deserving cut in their transport fuel bills with the government and oil retailers preferring to pocket the bulk of the windfall. Since March 2012, the prices of benchmarked crude oils that Indian refineries import have crashed as much as 76 percent -- from a peak of $123.61 per barrel to $29....

4 months ago
Odisha hikes VAT on petrol, diesel

Bhubaneswar, Jan 5 (IANS) The Odisha government on Tuesday increased by 3 percent the Value Added Tax (VAT) on petrol and diesel inviting strong criticism from the opposition parties and the common people. With this hike, the price of petrol has gone up by Rs.1.39 to Rs.59.96 per litre, while the price of diesel has been increased by Rs.1.14 to Rs.49.8 per litre. The state govern...

4 months ago
Petrol, diesel prices to be reduced from January 1

New Delhi, Dec 31 (IANS) Oil marketer Indian Oil Corp (IOC) on Thursday announced a reduction in petrol and diesel prices effective midnight, following a fall in international crude oil prices. According to IOC, petrol prices per litre will be reduced by Rs.0.63 at New Delhi (including state levies) with corresponding price revision in other states. After the price revision the ...

4 months ago
China continues suspension of retail fuel price adjustment

Beijing, Dec 29 (IANS) China's top economic planner said on Tuesday that it will continue suspending price adjustment of domestic refined oil products before a new pricing mechanism is introduced. A special meeting was hosted by the National Development and Reform Commission (NDRC) the same day to invite opinions of relevant departments and work units on a new pricing mechanism, Xinhua n...

5 months ago
Non-subsidised LPG dearer by Rs.61.50, jet fuel cheaper

New Delhi, Dec 1 (IANS) The price of non-subsidised cooking gas cylinder a consumer buys on exhausting the subsidy quota, was hiked by Rs.61.50 per cylinder on Tuesday while aviation turbine fuel (ATF) rates were marginally reduced by 1.2 percent. Allowing for local levies, the market price of non-subsidised LPG (liquefied petroleum gas) cylinder of 14.4 kg is now Rs.606.50 in Delhi, Rs....

5 months ago
South Korea's headline inflation escapes from zero range

Seoul, Dec 1 (IANS) South Korea's headline inflation escaped in november from a zero percent range for the first time in 12 months due to a weak effect from cheaper oil that started from the fourth quarter of last year, a government report showed on Tuesday. Consumer prices rose one percent in November from a year earlier, marking the first rebound to the one percent level in 12 months, ...

5 months ago
Non-subsidised LPG hiked by Rs.61.50, jet fuel cut marginally

New Delhi, Dec 1 (IANS) The price of non-subsidised LPG, or the cooking gas a consumer buys on exhausting the subsidy quota, was on Tuesday hiked by Rs.Rs.61.50 per 14.2 kg cylinder, while aviation fuel (ATF) rates were marginally cut by 1.2 percent. On Monday, the three state-run oil marketing companies (OMCs) reduced petrol and diesel prices in the national capital by Rs.0.58 per liter...

5 months ago
Petrol, diesel prices cut

New Delhi, Nov 30 (IANS) The three state-run oil marketing companies on Monday reduced petrol and diesel prices. Petrol and diesel will be cheaper by Rs.0.58 and Rs.0.25 per litre respectively in the national capital. The reduction will be effective from midnight Monday. Making the fortnightly revision in retail prices, Indian Oil Corp (IOC) said: The current level of internation...

5 months ago
Petrol, diesel prices cut

New Delhi, Nov 30 (IANS) The three state-run oil marketing companies (OMCs) on Monday reduced petrol and diesel prices in the national capital by Rs.0.58 per liter and Rs.0.25 per liter respectively. The revised prices for the states will be announced shortly. The reduction will be effective from midnight Monday. ...

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