Common man will be insulated from oil price shocks: DeoraSeptember 30th, 2009 SURAT - The government will ensure that the common man will not be affected by the volatility in global energy prices, Petroleum Minister Murli Deora said here Wednesday. Deora was in this Gujarat city as a part of a series of "meet the people" with local dealers, senior state government officials and representatives of oil companies to discuss matters relating to supply and distribution of petroleum products.
Expert panel to examine petroleum products' pricingSeptember 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.
New orders for US factory goods rise less than expected in July due to lower oil pricesSeptember 2nd, 2009 Factory orders rise less than expected in JulyWASHINGTON — Orders to U.S. factories rose less than expected in July as reduced demand for petroleum products offset a jump in orders for aircraft and other transportation goods.
German industrial orders up 4.5 percent on month in June, 2nd straight strong riseAugust 6th, 2009 German industrial orders rise againBERLIN — German industrial orders saw their second consecutive strong month-on-month rise in June, a 4.5 percent climb that was led by demand from other European countries, official figures showed Thursday. The increase followed rises of 4.4 percent in May and 0.1 percent in April.
Factory orders rose unexpectedly in June, driven by higher prices for petroleum productsAugust 5th, 2009 Factory orders unexpectedly increase in JuneWASHINGTON — Factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign of recovery in the ailing manufacturing sector. The Commerce Department said Wednesday that factory orders rose 0.4 percent, after a 1.1 percent increase in May.
German wholesale prices down 4.6 percent on year in June, biggest decline since 1968July 20th, 2009 Germany sees big fall in wholesale pricesFRANKFURT — German wholesale prices fell by 4.6 percent in the year to June, the biggest annual drop in four decades, government statistics showed Monday. The drop compared with a 3.6 percent year-on-year fall in May and was the largest since the producer price index declined by 5 percent in December 1968, the Federal Statistical Office said.
Government to set up another panel on oil pricingJuly 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.
Tripura Left Front protests fuel price hikeJuly 2nd, 2009 AGARTALA - Tripura Chief Minister Manik Sarkar Thursday demanded that the central government immediately withdraw the hike in petrol and diesel prices while the ruling Communist Party of India-Marxist (CPI-M) announced mass demonstrations Friday to protest the hike. Petroleum Minister Murli Deora Wednesday announced a hike of Rs.4 per litre for petrol and of Rs.2 for diesel.
Factory orders rise more than expected in May, post largest increase in 11 monthsJuly 2nd, 2009 Factory orders rise more than expected in MayWASHINGTON — Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end.
Petrol prices hiked by Rs. 4 a litre; diesel up Rs. 2July 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.
Aviation fuel prices raised again, air fares likely to riseJune 15th, 2009 NEW DELHI - State-run oil firms Monday hiked aviation fuel prices by over 12 percent following the rise in crude oil prices in the global market. Aviation turbine fuel (ATF) will now cost Rs.3,949 more in Delhi at Rs.36,252 per kilolitre, while in Mumbai it will rise to Rs.37,367 per kilolitre from Rs.33,260.8, a senior official of Indian Oil Corp (IOC) said.
Stocks turn lower, breaking a 4-day advance, despite better indicator on factory ordersJune 3rd, 2009 Better data on factory orders fails to lift stocksNEW YORK — Investors are sending stocks lower, finding little comfort in data showing an ease of the economy's slide. The slide early Wednesday broke a four-day advance in the market, and many analysts said a pullback was due after the strong rise since last week.
Factory orders tumble larger-than-expected 0.9 percent in March with shipments also downMay 1st, 2009 Factory orders drop 0.9 percent in MarchWASHINGTON — Orders to U.S. factories fell a larger-than-expected 0.9 percent in March, while factory shipments dropped for a record eighth consecutive month.
Under-recoveries on petroleum products to be less than fearedFebruary 14th, 2009 MUMBAI - The government Sunday said under-recoveries on account of subsidies on petroleum products would be around Rs.1 trillion this fiscal and not Rs.2.45 trillion as estimated earlier. Talking to reporters at the launch of a nationwide awareness campaign on saving fuel, Petroleum Minister Murli Deora said the under-recoveries would be significantly lower as international crude oil prices have fallen.
Cooking gas, petrol prices to be cut shortly: DeoraDecember 28th, 2008 KOCHI - Prices of liquefied petroleum gas (LPG) and other petroleum products would go down shortly, Minister for Petroleum and Natural Gas Murli Deora said here Monday. Speaking at a function to honour Hybee Eden, the newly elected president of the National Students Union, the students wing of the Congress party, at KOchi, Deora said the central government was seriously considering further cut in the prices of petroleum products.
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