Parikh panel recommends Rs 4-5/l immediate hike in diesel rate

Last Updated: Monday, October 28, 2013, 19:52

The expert group, which was tasked to suggest a methodology for pricing of diesel and cooking fuel, will submit its report on Wednesday.

No proposal to increase diesel prices as of now: Moily

Last Updated: Tuesday, September 24, 2013, 19:27

The government appears to have developed cold feet on increasing diesel and cooking gas (LPG) prices, with Oil Minister M Veerappa Moily Tuesday saying there was no proposal to hike rates just yet.

Economy in bad shape, need to be pragmatic on subsidies: SC

Last Updated: Monday, September 16, 2013, 19:15

The apex court said that stereotype thinking on subsidy has to be changed as economy, which has been hit by falling value of Rupee, has to survive and Public Transport Corporations have to find out means to sustain themselves without getting subsidy.

No hasty decision on hiking petrol, diesel prices: Chidambaram

Last Updated: Saturday, September 7, 2013, 19:46

Brent crude oil prices have risen to about USD 116 a barrel from about USD 103 a barrel on July 1.

ONGC for one-time diesel price hike

Last Updated: Tuesday, September 3, 2013, 23:59

ONGC paid Rs 49,421 crore, which is Rs 5,000 crore more than what it paid in the previous year.

Rangarajan for steep increase in diesel prices

Last Updated: Tuesday, September 3, 2013, 18:24

Amidst depreciating rupee, Prime Minister's Economic Advisory Council Chairman C Rangarajan Tuesday pitched for substantial increase in diesel prices to meet the fiscal deficit target.

Diesel under-recovery rises sharply to Rs.12.12/litre

Last Updated: Monday, September 2, 2013, 22:41

The under-recovery, or revenue loss, applicable on diesel for the first fortnight effective Sept 1 has been pegged sharply upwards at Rs.12.12 per litre, the petroleum ministry said Monday.

Govt should reduce subsidy on diesel over time: Kirit Parikh

Last Updated: Monday, September 2, 2013, 18:55

The government need not interfere in the fixing of diesel prices and should continue with the policy of reducing subsidy on the fuel, IRADe Chairman Kirit Parikh said Monday.

Diesel prices may be hiked by Rs 3 a litre next week

Last Updated: Tuesday, August 27, 2013, 21:00

Diesel prices may be increased by at least Rs 3 a litre after the monsoon session of Parliament ends next week as the depreciating rupee threatens to widen the government's fuel subsidy bill.

Margins at Stanlow refinery down over 33%: Essar Energy

Last Updated: Friday, August 16, 2013, 18:19

London-listed Essar Energy Plc today said margins at its Stanlow refinery in the UK fell by more than a third due to weak diesel and jet prices.

Govt mulls one-time diesel price hike of Rs 2-3 per litre

Last Updated: Wednesday, August 14, 2013, 18:05

The government is mulling a one-time hike of Rs 2-3 per litre in diesel prices to offset the impact of fall in rupee value but there is no proposal to raise cooking gas (LPG) and kerosene rates.