India cuts prices of transport, cooking fuel

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 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.

July 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.

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 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.

July 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.

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 - 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.

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 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 - The government late wednesday decided to further reduce prices of transport fuels and cooking gas. 'It has been decided to reduce the price of petrol by Rs.5 a litre, of diesel by Rs.2 a litre and LPG (liquefied petroleum gas) by Rs.25 per cylinder,' External Affairs Minister Pranab Mukherjee told reporters after a meeting of the Cabinet Committee of Political Affairs (CCPA).

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.

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.