India, Russia in final lap of talks on carrier price hikeJuly 13th, 2009 NEW DELHI - A 30-member Russian team is in India to resolve tangle over cost escalation and fix the final price for the aircraft carrier Admiral Gorshkov, which India has sought to buy, an official said. India recently injected urgency in the timely execution of the contract and set July-end as the deadline to resolve the deadlock over the cost escalation.
Leftist activists stage protest in KolkataJuly 8th, 2009 KOLKATA - Hundreds of activists of the Socialist Unity Centre of India (SUCI) staged a demonstration here against the alleged atrocities by security personnel in Lalgarh and also against the recent fuel hike by the Central Government. Shouting slogans against the Congress Party, they demanded roll back of fuel price hike.
Shiv Sena protests vegetable price rise in MumbaiJuly 4th, 2009 MUMBAI - Shiv Sena activists staged a protest here against the rise of vegetable on Friday. They alleged that the rise in fuel prices had had a cascading effect on the prices of vegetables and other essential commodities.
CPI, SUCI activists protest against fuel price hikeJuly 3rd, 2009 NEW DELHI - Activists of Communist party of India and Socialist Unity Centre of India staged demonstrations against the increase in prices of petrol and diesel here on Friday. Shouting slogans against the ruling Congress party, protesters demanded the government to roll back the hike.
Government refuses to roll back fuel price hikeJuly 2nd, 2009 NEW DELHI - Union Petroleum Minister Murli Deora Thursday refused to roll back the increase in fuel prices but said that a revision will be considered when the international crude oil prices come down. The government Wednesday allowed state-run oil firms to increase prices of transport fuels, resulting in petrol becoming dearer by Rs.4 per litre and diesel by Rs.2 per litre.
Farmers oppose fuel price hikeJuly 2nd, 2009 ROHTAK - Farmers have reacted strongly to the hike in the prices of petrol and diesel. The delayed monsoon is forcing them to irrigate their fields through tubewells, which consume around 15-20 litres of diesel.
India inc welcomes petrol price hikeJuly 1st, 2009 NEW DELHI - India Inc Wednesday welcomed the government's decision to raise fuel prices, saying the move would help oil companies reduce their huge subsidy burden. "With hike in prices of diesel and petrol, oil companies will be able to avoid red ink in their balance sheet as they were bleeding under the burden of subsidies, discounts and oil bonds," Sajjan Jindal, president of the Associated Chambers of Commerce and Industry (Assocham), said in a statement.
Aviation fuel prices hiked againJune 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.
Indian Government may hike petrol price by Rs 2 a litre, diesel by Re 1June 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.
Jet Airways hikes domestic fares by Rs.400June 17th, 2009 NEW DELHI - India's private air carrier, Jet Airways, Wednesday increased its fuel surcharge by Rs.400 on all domestic sectors, and attributed it to an increase in aviation fuel prices. The fuel surcharge will be applicable on all Jet Airways, Jet Airways Konnect and JetLite flights from Wednesday.
Government considering fuel price hikeJune 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.
Minister hints at hiking coal pricesMay 29th, 2009 NEW DELHI - The government may hike coal prices marginally, Minister of State for Coal (Independent Charge) Sriprakash Jaiswal said here Friday. "Keeping in view the current economic situation, we can hike the price if required, but the hike will be marginal," Jaiswal told reporters after taking charge.
No immediate plan to hike fares: Air IndiaApril 20th, 2009 NEW DELHI - India's flagship carrier Air India Monday said it has no 'immediate' plan to raise fares even as other airlines Kingfisher and Jet Airways have hiked fares on account of rising fuel costs. Ruling out any immediate fare hike, an Air India spokesperson told IANS: 'We have been No.3 for quite sometime.
Marginal hike in aviation fuel pricesMarch 16th, 2009 NEW DELHI - After a string of reductions, state-run oil companies Sunday raised aviation turbine fuel (ATF) prices by at least 1.69 percent, or Rs.162 per kilolitre (kl). Jet fuel will cost Rs.27,275 per kl in Delhi from Sunday midnight as against Rs.27,106.
Hyundai hikes prices of three modelsFebruary 12th, 2009 NEW DELHI - Auto major Hyundai Motor India Friday hiked prices of three models - Santro, i10 and Accent - by up to Rs.14,600 on the back of rising input costs. Hyundai managing director Heung Soo Lheem had said in December last year that a price hike was imminent because of rising input costs.
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. The price hike did not go down well with the common people who expressed their helplessness at the situation.
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