Hero's fuel economy claim of 102.5 km/litre misleading: Honda

Last Updated: Sunday, May 3, 2015, 13:34

Japanese auto maker Honda has questioned its erstwhile Indian partner Hero's claim of 102.5 km/litre fuel economy rate for Splendor iSmart bike, saying "such claims are misleading and are far from reality".

Parliamentary panel seeks regulation of airfares

Last Updated: Tuesday, April 28, 2015, 18:53

With airfares witnessing sharp fluctuations, a Parliamentary panel Tuesday pitched for regulation of air ticket prices to ensure that they remain within a "reasonable range".

Govt rejects BP's application for selling ATF

Last Updated: Monday, April 20, 2015, 15:30

BP Exploration (Alpha) Ltd, a wholly owned subsidiary of BP plc, had on June 11, 2014 submitted an application for authorisation to market aviation turbine fuel (ATF) claiming to have invested USD 477 million in the country.

Reliance Industries to reopen all petrol pumps this fiscal

Last Updated: Saturday, April 18, 2015, 14:52

Buoyed by diesel price decontrol, Reliance Industries will reopen all its 1,400 petrol pumps this fiscal.

Govt picks up the tab for ONGC, OIL Q4 fuel subsidy

Last Updated: Thursday, April 16, 2015, 18:31

The government has exempted oil producers ONGC and Oil India Ltd from payment of fuel subsidy in the fourth quarter after the finance ministry agreed to meet all of the revenue loss on fuel sales.

Inflation at record low of (-)2.33% in March

Last Updated: Wednesday, April 15, 2015, 13:41

Wholesale Price Index (WPI) based inflation has been in the negative zone since November 2014 mainly on account of cheaper food and fuel products.

Aviation minister bats for lower taxes to boost sector

Last Updated: Sunday, April 12, 2015, 18:49

Pitching for lower taxes to boost civil aviation, Union Minister Ashok Gajapathi Raju Sunday said states which responded positively to the Centre's request in this regard have witnessed a spurt in the sector.

State power firms to import 52 MT coal in FY16

Last Updated: Sunday, April 12, 2015, 13:31

State-owned power generation companies will import about 52 million tonnes of coal, accounting for 70 percent of total dry fuel imports by power firms in the current fiscal, to meet their requirements.

IOC refineries to process 55 mn ton crude in FY16

Last Updated: Wednesday, April 1, 2015, 22:07

Indian Oil Corp, the nation's largest oil refiner, plans to process 55 million tons of crude oil into fuel in the 2015-16 fiscal, IOC Director (Refineries) Sanjiv Singh said today.

Petrol prices slashed by 49 paise, diesel by Rs 1.21

Last Updated: Wednesday, April 1, 2015, 11:36

The retail price of petrol has been cut by 49 paise per litre and that of diesel by Rs 1.21 per litre. With this change, the price of diesel in Delhi will become Rs 48.50/litre while petrol will cost Rs 60 per litre.

Sri Lanka inflation rate drops to record low: Official data

Last Updated: Tuesday, March 31, 2015, 19:58

Sri Lanka`s inflation rate fell to a record low in March on the back of drastic declines in food and fuel prices after the island`s new government cut taxes on staple items, official figures showed Tuesday.

India rejects BP's request to market jet fuel

Last Updated: Monday, March 30, 2015, 15:56

Consumption of aviation fuel is set to rise in India as domestic air traffic is estimated to almost triple this decade, with more of the country`s 1.25 billion people starting to fly and as airlines connect smaller cities.