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Diesel price hike to cost CIL Rs 1,300 crore per year

Last Updated: Wednesday, February 13, 2013, 21:22

The diesel price deregulation for bulk consumers will hit close to Rs 1,300 crore a year for Coal India Ltd, the world's largest coal miner.

Diesel prices to be hiked 40-50 paise every month: Moily

Last Updated: Friday, February 01, 2013, 13:16

Diesel prices will be hiked by 40-50 paise per litre every month till losses on the nation's most used fuel are completly wiped out, Oil Minister M Veerappa Moily said on Friday.

No question of rollback of diesel price hike: Veerappa Moily

Last Updated: Saturday, January 19, 2013, 11:42

Ruling out roll-back of the "small" 45 paisa increase in diesel prices, Oil Minister M Veerappa Moily on Saturday said bulk consumers like Railways will have to find their own budget to buy the fuel at market price.

Rupee at 2-1/2 month high; breaks 54-level against US dollar

Last Updated: Friday, January 18, 2013, 10:18

After remaining over the 54 level mark for almost two-and-half months, the rupee on Friday gained by 41 paise quoting 53.98 against the American currency in early trade.

Sensex at fresh two-year high; hovering above 20,000-level

Last Updated: Friday, January 18, 2013, 09:59

The BSE benchmark Sensex is trading over 100 points at a fresh two-year high of 20,069 at mid- session, on strong buying in fundamentally strong stocks particularly oil and gas shares.

Govt defends decision on diesel price hike

Last Updated: Thursday, January 17, 2013, 22:32

Facing flak over move to raise diesel price, Government Thursdayoday said it was a "very difficult" balancing act of generating revenue and protecting people's interest and questioned parties' opposition to the hike when they themselves had effected similar decisions in the past.

Govt partially deregulates diesel prices, hikes LPG cap

Last Updated: Thursday, January 17, 2013, 13:10

In baby steps towards deregulation, the government Thursday allowed oil companies to make small hikes in the price of diesel from time to time and sought to soften the blow by raising the cap on subsidised LPG to nine cylinders per household from six.

Govt yet to take call on hiking fuel prices: Moily

Last Updated: Friday, January 04, 2013, 17:24

Oil Minister M Veerappa Moily on Friday said the government is yet to take view on raising diesel, kerosene and LPG prices.

Diesel, LPG rates not to go up as govt fights political battle

Last Updated: Thursday, August 30, 2012, 17:15

Diesel and cooking gas (LPG) prices are unlikely to be hiked even after the end of the Monsoon Session of Parliament next week as the government is wary of taking such a decision at a time when it already has political battles on hand.

Hike diesel prices to save oil companies, says Crisil

Last Updated: Tuesday, August 21, 2012, 16:26

Alarmed by the record losses reported by oil marketing majors, ratings agency Crisil Tuesday said there is an urgent need to increase prices of regulated diesel, kerosene and cooking gas, which will also help government finances.

Oil Minister rules out deregulation of diesel prices

Last Updated: Tuesday, February 14, 2012, 14:33

Oil Minister S Jaipal Reddy on Tuesday ruled out deregulation of diesel prices and said he had demanded that the government compensate state-owned oil firms for the losses they made on not raising prices of petrol.

Government to free diesel, LPG prices after weighing impact

Last Updated: Monday, December 12, 2011, 16:20

The government would deregulate diesel and liquefied petroleum gas (LPG) prices only after considering their impact on the weaker sections of the society, Minister of State for Petroleum and Natural Gas R.P.N. Singh said Monday.