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Oil cos may see 30% cut in FY14 revenue loss on falling crude

Last Updated: Thursday, April 4, 2013, 20:10

State-owned oil firms are likely to see revenue loss on sale of diesel and cooking fuel cut by over 30 percent to Rs 112,000 crore during the current fiscal on falling international oil rates.

Dual diesel pricing at same pumps difficult to implement: FM

Last Updated: Tuesday, February 26, 2013, 13:42

"We have knocked our heads together to see if it is possible to have dual prices of diesel at the same retail outlet (petrol pump)," he said replying to supplementaries during Question Hour in the Rajya Sabha.

Partial diesel decontrol to have small impact on inflation

Last Updated: Friday, February 22, 2013, 14:41

The government on Friday said the impact of partial deregulation of diesel prices on inflation and common man would remain "small and muted".

Diesel losses at Rs.10.27 a litre

Last Updated: Monday, February 18, 2013, 23:34

The under-recovery, or losses, on diesel for the second fortnight effective Feb 16 has increased to Rs.10.27 per litre, the oil ministry said Monday.

'Oil price hike will be decided by oil companies'

Last Updated: Thursday, February 14, 2013, 14:13

The Centre on Thursday said oil price hike issue will be taken by oil companies and not by the concerned ministry.

Diesel under-recovery to end by mid-2015: Plan panel

Last Updated: Thursday, February 7, 2013, 15:11

Planning Commission on Thursday said that the under-recoveries on account of sale of diesel will end by mid-2015 following progressive increase in the price of the fuel.

Diesel prices to be hiked 40-50 paise every month: Moily

Last Updated: Friday, February 1, 2013, 13:16

Diesel prices will be hiked by 40-50 paise per litre every month till losses on the nation's most used fuel are completly wiped out, Oil Minister M Veerappa Moily said on Friday.

Oil stocks up 10.5% on diesel price hike

Last Updated: Friday, January 18, 2013, 18:40

Oil and gas stocks Friday closed with gains of as much as 10.5 percent on the back of partial deregulation in diesel prices.

Hike diesel prices in phases: Assocham

Last Updated: Thursday, January 17, 2013, 22:51

Oil companies should increase diesel prices in phases otherwise inflation will escalate further, industry body Assocham said Thursday.

CPI slams govt for decontrolling diesel prices

Last Updated: Thursday, January 17, 2013, 22:00

CPI castigated govt for decontrolling diesel prices, saying Cong-led UPA would pave to pay the political price for such "anti-people" decisions.

Additional burden on common man: Prakash Karat

Last Updated: Thursday, January 17, 2013, 20:03

Deregulation of diesel prices will put additional burden on common man, CPI(M) general secretary Prakash Karat said here on Thursday.

Govt partially deregulates diesel prices, hikes LPG cap

Last Updated: Thursday, January 17, 2013, 13:10

In baby steps towards deregulation, the government Thursday allowed oil companies to make small hikes in the price of diesel from time to time and sought to soften the blow by raising the cap on subsidised LPG to nine cylinders per household from six.