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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.

Diesel price increased by 50 paise per litre

Last Updated: Monday, July 01, 2013, 18:38

Meanwhile, petrol price was hiked on last Friday by a steep Rs 1.82 a litre, the third increase in rates in June.

People express despair over petrol price hike

Last Updated: Saturday, June 29, 2013, 22:00

Petrol price was hiked by a steep Rs 1.82 a litre from Friday, the third increase in rates this month.

Thousands rally in Indonesia over fuel price hikes

Last Updated: Monday, June 17, 2013, 14:06

Fuel prices have long been a flashpoint issue in Indonesia, with economists arguing that huge government subsidies are damaging Southeast Asia`s top economy.

Jet fuel prices cut by a steep 5.3%

Last Updated: Wednesday, May 01, 2013, 19:10

Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,545.94 per kilolitre (kl), or 5.35 percent, to Rs 62,649.95 per kl, according to Indian Oil Corp, the nation's largest fuel retailer.

'Power cos should decrease tariff if global fuel prices fall'

Last Updated: Sunday, April 28, 2013, 18:14

R V Shahi, former Power Secretary and a power sector expert, said the compensatory tariff is a variable tariff and it should be revised both ways.