Inflation rate rises marginally, still in negativeJuly 16th, 2009 NEW DELHI - Inflation on Thursday rose marginally to (-) 1.21 per cent for the week ending July 4 against (-) 1.55 per cent in the week before according to official data released here on Thursday. The marginal rise was mainly due to government decision to raise fuel prices of petrol and diesel by Rs 4 and Rs 2 per litre, respectively.
We will roll back price hike if crude prices stabilize: DeoraJuly 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.
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.
Decontrol petrol and diesel prices, says Economic SurveyJuly 2nd, 2009 NEW DELHI - India's Economic Survey for 2008-09 tabled in parliament Thursday has called for decontrolling petrol and diesel prices at the earliest even as the opposition protested the fuel price hike announced a day earlier. The government increased petrol and diesel prices by nearly 10 percent Wednesday, citing as a reason the climbing international oil price which has increased the burden on the state-owned oil marketing companies.
People react angrily as fuel price gets a steep hike all over IndiaJuly 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.
Withdraw fuel price hike: AchuthanandanJuly 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.
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.
No immediate cut in diesel price: DeoraFebruary 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.
Cabinet likely to take up fuel price cut issueJanuary 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.
Petrol, diesel, cooking gas prices to be cutJanuary 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.
West Bengal may ration petrol, dieselJanuary 8th, 2009 KOLKATA - The West Bengal government may start rationing petrol and diesel, a senior official said here Friday on day-three of the crippling oil sector officers' strike. 'We might consider rationing of petrol and diesel in the state if this panic situation prevails, people are procuring petrol or diesel more than actually required,' Chief Secretary Ashok Mohan Chakraborty told reporters.
CPI-M wants truck operators' demands to be metJanuary 6th, 2009 NEW DELHI - The Communist Party of India-Marxist (CPI-M) Wednesday urged the central government to further reduce the price of diesel and take other immediate steps to end the truck operators' strike, which the party said has 'disrupted transport of supplies'. The transporters are protesting the government reluctance so far to reduce the diesel price by 'at least Rs.10 a litre' - as the truckers want - against the Rs.2 a litre now, and steep road taxes.
Oil prices may be cut in two weeks: DeoraJanuary 6th, 2009 NEW DELHI - Petroleum Minister Murli Deora Wednesday said the government may slash fuel prices further in 'two to three weeks'. The government had earlier lowered the petrol price by Rs.5 and diesel by Rs.2 per litre in the first week of December 2008.
Truckers go on indefinite strike from Sunday midnightJanuary 3rd, 2009 NEW DELHI - Truckers across the country will go on an indefinite strike from Sunday midnight as talks between transporters and government officials failed to yield any results. 'Our talks with the government have failed.
Truckers threaten indefinite strike from Jan 5December 23rd, 2008 NEW DELHI - Truckers have threatened to go on a country wide indefinite strike from Jan 5 if diesel price was not slashed by Rs.8 a litre. Vinish Khanna, joint secretary of the All India Motor Transport Congress (AIMTC), which has called for the strike, told IANS that transporters were dissatisfied with the diesel price cut of Rs.2, announced earlier this month.
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