Fuel price cut as soon as possible: Minister

July 5th, 2009 CHENNAI - Union Petroleum Minister Murli Deora has said the government would consider a downward revision of fuel prices if international crude prices came down. "I have already explained you how we have increased the prices and what made us to increase the prices.

July 2nd, 2009 NEW DELHI - Petrol and diesel prices rise by as much as 10 percent in India, on Wednesday, the first increase this year and one of the steepest ever. Petrol prices rose by four rupees a litre, while diesel rates were hiked by two rupees a litre.

July 2nd, 2009 AGARTALA - The Tripura unit of the Communist Party of India-Marxist (CPI-M), the dominant partner of the ruling Left Front, will hold agitations across the state Friday to protest against the hike in fuel price. Petroleum Minister Murli Deora Wednesday announced a hike in petrol price by Rs.4 per litre and by Rs.2 per litre for diesel, attributing it to rise in global crude prices.

July 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.

July 1st, 2009 THIRUVANANTHAPURAM - Kerala Chief Minister V.S. Achuthanandan Wednesday demanded that the central government immediately withdraw the hike in petrol and diesel prices and provide relief to the common people.

June 30th, 2009 NEW DELHI - State-run oil companies Tuesday raised jet fuel prices by over 6 percent, the fourth hike in two months, after crude oil price at the global market reached a seven-month high of $72 per barrel. The aviation fuel would now cost Rs.2,307 more per kilolitre in Delhi at Rs.38,558.

June 15th, 2009 NEW DELHI - The government is "seriously concerned" about the rise of crude oil prices in the global market and is looking at various options, including raising fuel prices, to tackle the situation, Petroleum Minister Murli Deora said here Monday. "We are seriously concerned about the rise in crude oil prices, he told reporters after meeting Finance Minister Pranab Mukherjee to discuss his budget wishlist.

March 1st, 2009 NEW DELHI - State-run oil companies Saturday slashed aviation turbine fuel (ATF) prices by seven percent, the 11th reduction since September last year. From March 1, jet fuel price will go down Rs.2,052 per kilolitre to Rs.27,106 in Delhi, while it will cost Rs.27,861 per kilolitre in Mumbai, an official of Indian Oil Corporation (IOC) said.

January 30th, 2009 NEW DELHI - Three days after the government announced reduction in petrol, diesel and cooking gas prices, state-run oil companies Saturday slashed the price of aviation turbine fuel (ATF) by four percent. The ATF price in New Delhi will go down Rs.1,208 per kilolitre to Rs.30,288 from Saturday midnight, an Indian Oil Corp official said.

January 27th, 2009 NEW DELHI - The cabinet is likely to take up the issue of a fuel price cut Wednesday, just a day after Sonia Gandhi, chairman of the ruling United Progressive Alliance, announced a likely dip at a political rally. The decision also comes with the Election Commission indicating that it plans to complete the general elections by May 18.

January 14th, 2009 NEW DELHI - India's annual rate of inflation fell further to 5.24 percent for the week ended Jan 3 from 5.91 percent the week before, official data released here Thursday said. The inflation rate was 4.26 percent during the corresponding week the previous year.

January 14th, 2009 NEW DELHI - After eight successive cuts in aviation turbine fuel (ATF) price since last September, state-run oil companies Thursday raised it by at least Rs.1,040 per kilolitre, a rise of 3.4 percent. The new price will come into effect from midnight Thursday.

January 12th, 2009 NEW DELHI - Hindustan Petroleum Corporation Ltd (HPCL) Tuesday said it is opposed to further cut in fuel prices by the government as it will lead to a reduction in the company's operating profit. 'We do not want any further cut in fuel price by the government as any more cuts will reduce the company's operating profit,' HPCL chairman and managing director Arun Balakrishnan told reporters on the sidelines of Petrotech 2009 conference.

January 9th, 2009 MUMBAI - Another reduction in fuel prices is round the corner. In the next few weeks, petrol will be cheaper by Rs.5 a litre, diesel by Rs.3 a litre, and cooking gas (LPG) by Rs.20-25 a cylinder, Petroleum Minister Murli Deora said Saturday.

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.