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Egypt PM rejects public outrage against fuel price hike

Last Updated: Sunday, July 06, 2014, 05:59

Egyptian Prime Minister Ibrahim Mahlab has rejected public outrage against the recent hike in fuel prices and asked them to accept the decision.

Egypt raises fuel prices to slash subsidies

Last Updated: Saturday, July 05, 2014, 08:04

Egypt's government has drastically raised fuel prices to tackle a bloated subsidy system, in a potentially unpopular move that could present newly elected President Abdel Fattah al-Sisi with his first serious challenge.

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.

Losses on diesel dip to new low of Rs 1.62 a litre

Last Updated: Monday, June 16, 2014, 19:23

Losses on sale of diesel have dipped to a record low of Rs 1.62 per litre, raising the prospect of deregulation of the nation's most consumed fuel.

Petrol, diesel prices may be hiked to fund fuel upgrade

Last Updated: Friday, June 13, 2014, 19:05

Petrol and diesel prices will be hiked by 75 paise a litre each if the government accepts an expert panel report that recommends nationwide fuel standards be upgraded.

Losses absorbed by oil companies may quadruple to Rs 3,700 cr

Last Updated: Thursday, March 20, 2014, 18:22

IOC, Hindustan Petroleum Corp and Bharat Petroleum Crop together are projected to lose about Rs 1,41,000 crore in revenue this financial year on selling diesel, LPG and kerosene at rates set by the government.

RIL welcomes gas price notification

Last Updated: Saturday, January 11, 2014, 19:50

Reliance Industries welcomed notification of new gas pricing formula that will almost double the fuel prices from April 1.

Petrol pump retailers threaten to strike on Dec 24

Last Updated: Wednesday, December 18, 2013, 20:13

Tamil Nadu Petroleum Dealers Association, a member of the CIPDA, Wednesday said 40,000 petrol pump owners would be on strike country-wide on December 24 if their demands were not met.

'Call on hiking fuel price after Sonia Gandhi returns from US'

Last Updated: Thursday, September 05, 2013, 19:39

A decision on raising diesel prices by Rs 3-5 per litre, kerosene by Rs 2 and LPG by up to Rs 50 per cylinder will be taken after UPA Chairperson Sonia Gandhi returns from US, top government officials said Thursday.

Car makers expect no cheer this festive season

Last Updated: Wednesday, September 04, 2013, 20:07

Reeling under high interest rates, fuel costs and low consumer sentiments due to overall economic slowdown, car sales in India have declined for a record 9th consecutive month in July.

Margins at Stanlow refinery down over 33%: Essar Energy

Last Updated: Friday, August 16, 2013, 18:19

London-listed Essar Energy Plc today said margins at its Stanlow refinery in the UK fell by more than a third due to weak diesel and jet prices.

Weak rupee to adversely hit fuel prices in coming months: RBI

Last Updated: Tuesday, July 30, 2013, 14:21

While the outlook for global non-oil commodity prices remains benign, international crude oil prices are firming up.