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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).

Govt mulls diesel subsidy for irrigation if monsoon is poor

Last Updated: Monday, June 09, 2014, 20:55

During the drought years in 2009 and 2012, the previous United Progressive Alliance government had announced a 50 percent diesel subsidy for farmers in rainfall deficit areas.

Diesel price hiked by 50 paise per litre

Last Updated: Friday, January 31, 2014, 19:19

Oil marketing companies on Friday decided to hike diesel prices by 50 paise per litre, effective from midnight.

Govt to take stock of SC order on diesel subsidy: Chandy

Last Updated: Tuesday, September 17, 2013, 15:35

KSRTC has to pay Rs 17.43 more per litre of diesel from today for four lakh litres it needs daily.

Government may alter diesel, LPG pricing to cut subsidy burden

Last Updated: Sunday, July 07, 2013, 13:05

The government is likely to alter the way diesel and cooking fuels are priced to reduce its subsidy burden, which appears to be spiralling out of hand due to the falling rupee.

Diesel subsidy may have to be frozen to meet budget numbers: Rajan

Last Updated: Tuesday, March 05, 2013, 18:00

The government may have to freeze the diesel subsidy at the current level to protect the budget numbers at some point in time, said Chief Economic Advisor to the Finance Minister, Raghuram Rajan, while flagging concerns over the widening current account deficit.

Essar Oil for diesel subsidy to pivate companies at par with PSUs

Last Updated: Monday, August 27, 2012, 16:38

Essar Oil Ltd has demanded that it and other private fuel retailers be paid diesel subsidy at par with their public sector competition to create a level playing field.

Diesel subsidy to farmers hiked in Bihar for additional crops

Last Updated: Friday, August 17, 2012, 21:33

The Bihar government on Friday hiked diesel subsidy to farmers for irrigation of additional paddy and maize crops in Bihar, an official said.

Sharma joins chorus against diesel subsidy for SUVs

Last Updated: Tuesday, June 05, 2012, 21:58

Commerce and Industry Minister Anand Sharma Tuesday joined Rural Development Minister Jairam Ramesh in the chorus against subsidy on diesel used in luxury vehicles.

Fix a per litre diesel subsidy to reduce bill: Survey

Last Updated: Thursday, March 15, 2012, 21:49

Advocating raising fuel price with rise in input cost, the pre-Budget Economic Survey today asked the government to pay a fixed amount per litre as diesel subsidy so as to cut subsidy outgo.

Drought-hit Orissa seeks Rs 50 cr diesel subsidy from Centre

Last Updated: Friday, September 24, 2010, 21:55

With 106 of the state`s 314 blocks declared drought-hit due to insufficient rainfall, Orissa govt has asked Centre to release Rs 50 cr as diesel subsidy for farmers.

Bihar govt draws Rs 570 crore for diesel subsidy for farmers

Last Updated: Saturday, August 14, 2010, 18:10

The Bihar government on Saturday sanctioned withdrawal of Rs 570 crore from the contingency fund towards diesel subsidy for farmers.