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Diesel subsidy to fall 25% this fiscal to Rs 1 trillion: Fitch

Last Updated: Tuesday, July 08, 2014, 19:25

Global ratings agency Fitch on Tuesday said the regular increase in diesel price to align it with market will lead to a 25 percent fall in fuel under- recoveries this fiscal at about Rs 1 trillion (Rs 1 lakh crore).

High subsidies on LPG, kerosene to remain a challenge: ICRA

Last Updated: Monday, July 07, 2014, 20:21

With diesel price deregulation likely at some point this fiscal, high subsidies on LPG and kerosene will continue to be a major challenge, Icra Research said Monday.

Diesel price may be deregulated over next 12 months: Moody's

Last Updated: Wednesday, July 02, 2014, 15:57

Moody's expects the new government to increase the retail selling prices of controlled fuel products-- kerosene and liquefied petroleum gas (LPG) -- to help control its subsidy burden.

Losses on diesel more than double to Rs 3.40 a litre

Last Updated: Tuesday, July 01, 2014, 20:05

With escalating violence in Iraq spooking international oil markets, losses on the sale of diesel have more than doubled to Rs 3.40 a litre even after monthly price increases.

Akhilesh Yadav CM refuses to comment on diesel, petrol price hike

Last Updated: Tuesday, July 01, 2014, 16:45

Uttar Pradesh Chief Minister Akhilesh Yadav on Friday refused to comment on the effect of hike in prices of petrol and diesel and said the media should tell what type of days have come.

BJP allies in TN urge Centre to rollback fuel price hike

Last Updated: Tuesday, July 01, 2014, 14:26

Two BJP allies in Tamil Nadu on Tuesday urged the NDA government to rollback the hike in fuel prices, saying it would impact the common man already reeling under the "burden" of rail fare hike, among others.

Petrol price hiked by Rs 1.69/litre, diesel by 50 paise

Last Updated: Monday, June 30, 2014, 20:02

Petrol price was on Monday hiked by a steep Rs 1.69 per litre and diesel by 50 paise a litre as the crisis in Iraq spooked international oil and currency markets.

Petrol price hiked by Rs 1.69/L, diesel by 50p; effective July 1

Last Updated: Monday, June 30, 2014, 19:17

Oil companies on Monday hiked price of petrol by Rs 1.69 per litre while the price of diesel was also hiked by 0.50 paise per litre to be effective from July 1.

Govt mulls LPG, kerosene price hike in small doses

Last Updated: Tuesday, June 24, 2014, 17:37

After diesel, the government is considering raising cooking gas (LPG) and kerosene rates in small doses of Rs 5 per cylinder and Rs 0.50-1 a litre every month to wipe out Rs 80,000 crore subsidy on the two fuels.

Hooda criticises Centre for hike in diesel price

Last Updated: Monday, June 09, 2014, 23:56

Haryana Chief Minister Bhupinder Singh Hooda on Monday criticised the Centre for raising diesel price, saying the party had promised to people to reduce the diesel price before the Lok Sabha elections.

Diesel price hike lifts oil firms' stock by up to 6.5%

Last Updated: Monday, June 02, 2014, 18:49

Shares of three oil marketing companies - BPCL, HPCL and IOC - on Monday rose by as much as 6.5 percent after diesel prices were hiked by 50 paise a litre.

Oil Minister defends diesel price hike

Last Updated: Sunday, June 01, 2014, 22:57

New Petroleum Minister Dharmendra Pradhan Sunday defended the fresh hike in diesel prices saying the fare for bulk consumption has come down.