Government launches web-portal to curb LPG black-marketing

Last Updated: Friday, June 22, 2012, 15:39

In a bid to curb black-marketing of domestic cooking gas, the government on Friday launched a web-portal that will empower nearly 14 crore users of liquified petroleum gas (LPG) to monitor their booking status, consumption pattern and other details.

Mr. Reddy, please check your diesel math!

Last Updated: Wednesday, June 20, 2012, 16:41

Oil minister has proposed to levy additional excise duty of Rs 1.70 lakh on small diesel cars, and Rs 2.55 lakh on medium and larger versions.

Mr. Reddy, please check your diesel math!

Last Updated: Wednesday, June 20, 2012, 16:41

Oil minister has proposed to levy additional excise duty of Rs 1.70 lakh on small diesel cars, and Rs 2.55 lakh on medium and larger versions.

India asks Saudi Arabia for additional 5 MT crude

Last Updated: Thursday, June 14, 2012, 20:44

India Thursday asked Saudi Arabia for 5 million tonnes of additional crude to make up for the drastic cut in imports from Iran.

No extra tax on diesel cars without nodal ministry's nod: SIAM

Last Updated: Thursday, June 14, 2012, 13:41

Last week, Reddy had written to Finance Minister Pranab Mukherjee demanding a hike in excise duty on diesel cars ranging between Rs 1.70 lakh and Rs 2.55 lakh to make up for subsidised fuel being used in vehicles.

India's oil import bill jumps 40% to $140 bn in FY’12

Last Updated: Wednesday, June 13, 2012, 19:42

India's oil import bill leaped 40 percent to a record USD 140 billion in 2011-12 as high oil prices shaved off much of the nation's GDP growth rate, Oil Minister S Jaipal Reddy said Wednesday.

Oil Minister asks FM to raise excise duty on diesel cars

Last Updated: Tuesday, June 12, 2012, 20:49

Oil Minister S Jaipal Reddy has written to Finance Minister Pranab Mukherjee demanding a hike in excise duty on diesel cars to make up for subsidised fuel being used in vehicles.

EGoM to decide on KG-D6 gas price: Reddy

Last Updated: Friday, June 8, 2012, 21:23

AG felt that revision of prices is advisable or not is a matter which the EGoM would have to determine not as a matter of law, but as a matter of policy, they said.

No diesel price hike for now: Govt

Last Updated: Friday, June 8, 2012, 17:38

The EGoM had in June 2010 taken an in-principle decision to deregulate or decontrol diesel prices but its implementation was deferred.

We are not considering hike in diesel, LPG prices: Reddy

Last Updated: Monday, May 28, 2012, 13:46

Still battling the fallout of last week's steep Rs 7.54 a litre hike in petrol price, the government on Monday said it is not considering raising rates of diesel, domestic gas (LPG) and kerosene for the moment.

Petrol price hike: Govt says no rollback for now, to wait and watch

Last Updated: Friday, May 25, 2012, 13:06

Reddy has emphasised upon the need to re-structure taxes in the state level.

Oil Minister says 'immediate' need to hike fuel prices

Last Updated: Tuesday, May 22, 2012, 18:27

With rupee depreciation leading to jump in oil import bill, Petroleum Minister S Jaipal Reddy on Tuesday said there is an immediate need to raise fuel prices, but refused to say when the hike will actually take place.