Expert group to advice on petroleum, diesel prices

September 3rd, 2009 NEW DELHI - The government has constituted an expert group to examine and give its recommendations on pricing of petrol, diesel, cooking gas and kerosene, the petroleum ministry said Thursday. The panel, to be headed by former Planning Commission member Kirit S.

July 9th, 2009 NEW DELHI - Union Minister of Petroleum and Natural Gas Murli Deora on Thursday said that government will roll back the price hike of Rs 4 and Rs 2 a-litre on petrol and diesel respectively, if international crude oil prices stabilise between 50 to 60 dollars a barrel. "Yes, we will cut prices if crude prices stabilise for sometime between 50 and 60 dollars per barrel," Murli Deora said.

July 6th, 2009 NEW DELHI - The government will set up another expert group on oil pricing, barely a year after the B.K. Chaturvedi committee had submitted its report that linked domestic prices of petroleum products to international rates.

July 1st, 2009 NEW DELHI - India Wednesday allowed oil companies to increase the prices of transport fuels, resulting in petrol becoming dearer by Rs.4 per litre and diesel by Rs.2 per litre, following successive increase in global crude oil prices. Petroleum Minister Murli Deora told reporters the new prices would take effect from the midnight of Wednesday.

July 1st, 2009 NEW DELHI - The Centre on Wednesday announced a rise in the price of petrol and diesel by Rs. 4 and Rs.2 per litre, respectively.

July 1st, 2009 NEW DELHI - India Wednesday allowed state-run oil firms to increase prices of transport fuels, resulting in gasoline becoming dearer by Rs.4 per litre and diesel by Rs.2 per litre, following successive increase in global crude prices. Petroleum Minister Murli Deora told reporters at a hurriedly convened press conference here that the new prices take effect from the midnight of Wednesday.

June 22nd, 2009 NEW DELHI - Unstable international oil rates may force the Government of India to increase petrol price by Rs 2 a litre and diesel by Re 1 per litre, unless excise duty on both the fuels is cut to neutralise the increase. According to reports, state fuel retailers- Indian Oil, Hindustan Petroleum and Bharat Petroleum- incur a loss of Rs 135 crore per day on sale of petrol, diesel, LPG and kerosene.

June 16th, 2009 New Delhi, June 15(ANI): Union Petroleum Minister Murli Deora has expressed his concern over the rise in international crude oil prices and said that the government is looking at solutions to tackle the widening revenue deficit, hinting at a rise in petrol and diesel prices. "We are seriously concerned about the rise in crude oil prices.

February 27th, 2009 NEW DELHI - Despite speculation that the government may reduce the price of diesel before general elections are announced, the union cabinet of ministers did not discuss the issue when it met here Thursday, Petroleum Minister Murli Deora said after the meeting. Though diesel is the only petroleum product on which state-run oil marketing companies are earning a good profit, there had been speculation that the government would take the populist measure before the poll date announcement kicked the model code of conduct into place and made such an announcement impossible.

February 26th, 2009 NEW DELHI - The government has no immediate plans to reduce diesel prices even though global oil prices are at record low levels, Petroleum Minister Murli Deora said here Wednesday. 'As of now, there is no plan to cut prices.

January 28th, 2009 NEW DELHI - Indians woke up to some pleasant news Thursday with the prices of fuel being cut further as the government allowed its state-run petroleum retail companies to cut the prices of petrol, diesel and cooking gas late Wednesday night. Petrol will now be cheaper by Rs.5 a litre, diesel by Rs.

January 27th, 2009 NEW DELHI - India Wednesday allowed its state-run petroleum retail companies to cut the prices of gasoline, diesel and cooking gas. Petrol will now be cheaper by Rs.5 a litre, diesel by Rs.2 and cooking gas by Rs.25 per cylinder.

January 27th, 2009 NEW DELHI - India late Wednesday allowed its state-run petroleum retail companies to cut the prices of gasoline, diesel and cooking gas. Petrol will now be cheaper by Rs.5 a litre, diesel by Rs.

January 11th, 2009 NEW DELHI - Petrol, diesel and cooking gas prices will be cut to the 'maximum possible' extent soon, Minister of State for Petroleum and Natural Gas Dinsha Patel said here Monday. 'We will ensure that the reduction in prices is maximum and is implemented as soon as possible,' Patel said on the sidelines of the Petrotech India conference.

January 9th, 2009 MUMBAI - Petrol, diesel and cooking gas prices may be cut further to bring them in line with international rates, Petroleum Minister Murli Deora said here Saturday. The government might reduce petrol prices by Rs.5 per litre, diesel prices by Rs.3 per litre, cooking gas (LPG) prices may be cut by Rs.20-25 per cylinder.