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Oil ministry to seek Cabinet nod on diesel deregulation: sources

Oil ministry to seek Cabinet nod on diesel deregulation: sources

Last Updated: Friday, August 22, 2014, 23:21

Oil Ministry will approach Cabinet regarding the possible deregulation of domestic diesel pricing as local prices could soon reach parity with global levels, two ministry sources have said.

Petrol price cut by Rs 1.09 per litre; diesel gets costlier

Last Updated: Thursday, July 31, 2014, 19:38

The revisions will be effective midnight tonight, Indian Oil Corp, the nation's largest oil firm, announced on Thursday.

Petrol prices slashed Rs 1.09 per litre; diesel prices up 50 paise per litre

Last Updated: Thursday, July 31, 2014, 18:57

The government on Thursday slashed petrol prices by Rs 1.09 per litre, while diesel prices have been hiked by 50 paise. The new rates are effective midnight i.e August 1.

Petrol, diesel rates to go up in Goa from next month

Last Updated: Friday, July 25, 2014, 00:48

Goa Chief Minister Manohar Parrikar on Thursday announced that petrol and diesel rates would be hiked by Rs 2 and Re 1, respectively from August 1 in the state.

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.

'Rail fare may be slashed if diesel prices fall'

Last Updated: Sunday, June 22, 2014, 14:37

Railway Board Chairman Arunendra Kumar on Sunday said the railway fare might be slashed if the diesel prices are decreased.

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.

Diesel prices may be hiked by up to Rs 1 a litre

Last Updated: Monday, May 12, 2014, 18:24

Diesel prices may be hiked by up to one rupee a litre after Election Commission rejected the Oil Ministry's proposal made on the eve of elections to shelve the monthly increases in rates.

Petrol price cut by 75 paise a litre; diesel hike put off

Last Updated: Monday, March 31, 2014, 23:41

The reduction, effective midnight tonight, excludes local sales tax or VAT and the actual cut will be higher, varying from city to city.

Petrol price cut by 75 paise a litre; diesel rates unchanged

Last Updated: Monday, March 31, 2014, 20:37

The government, in June 2010, had given oil firms freedom to fix petrol prices on 1st and 16th of every month based on average global oil prices and foreign exchange rates in the preceding fortnight.

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.

Petrol price hiked by 60 paise; diesel by 50 paise

Last Updated: Friday, February 28, 2014, 18:58

Petrol in Delhi currently costs Rs 72.43 per litre, after the increase it will be priced at Rs 73.03 per litre.