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HPCL reports Rs 1,734-cr net loss in Dec quarter

Last Updated: Tuesday, February 11, 2014, 21:06

Hindustan Petroleum Corp Ltd (HPCL) on Tuesday reported a net loss of Rs 1,734 crore in the December quarter after the government paid less than half of the due oil subsidy.

Price fixing of petro products done as per expert advice:Moily

Last Updated: Tuesday, February 11, 2014, 13:48

Moily said India is importing 73 to 75 percent of the petroleum product, which requires more than USD 165 and 170 billion.

Jayalalithaa slams increase in petroleum products prices

Last Updated: Friday, December 20, 2013, 22:50

Slamming the latest hike in prices of petrol and diesel, Tamil Nadu Chief Minister J Jayalalithaa on Friday said it will only push people into debts.

Hike in petroleum products price led to rise in food cost: WB govt

Last Updated: Thursday, November 21, 2013, 18:14

The Trinamool Congress government in West Bengal today blamed the Centre for "huge" rise in prices of food items and other essentials, and claimed that hike in prices of petroleum products has led to the situation.

States oppose inclusion of petro products, liquor in GST

Last Updated: Monday, October 21, 2013, 17:12

Several states on Monday opposed inclusion of petroleum products and liquor in the proposed Goods and Services Tax (GST) regime as the move would severely affect their revenues.

GST panel to discuss taxation of liquor, petro products

Last Updated: Sunday, October 20, 2013, 19:26

While the centre wants that liquor and petroleum products should come under the GST, the states are keen to retain their power to tax these products as they are major sources of revenue.

India's crude oil imports up 9.5% to Rs 3.47 lakh cr in Apr-Aug

Last Updated: Monday, September 23, 2013, 17:47

India's crude oil import bill has jumped 9.5 percent to Rs 3,47,432 crore in the first five months of the current fiscal on account of sharp depreciation of the rupee against the US dollar.

Petro price hikes to help meet fiscal deficit target: PMEAC

Last Updated: Friday, September 13, 2013, 20:17

Hike in prices of diesel and other petroleum products is necessary to contain the fiscal deficit at 4.8 percent of the GDP, Prime Minister's key Economic Advisor C Rangarajan said on Friday.

'Govt to cut subsidies outgo to 1.5% of GDP by 2016-17'

Last Updated: Thursday, March 07, 2013, 14:46

The government on Thursday said it will reduce outgo on subsides from 2.6 percent of GDP in 2011-12 to 1.5 percent by the end of 12th Plan (2012-17) to contain the expenditure within a "pre-determined level of affordability".

Continuing losses may compel govt to close welfare schemes: Salman Khurshid

Last Updated: Tuesday, October 02, 2012, 22:12

Government wants to completely end subsidy on petroleum products, Union minister Salman Khurshid on Tuesday said.

Two-day India-Pak commerce secretary-level talks from today

Last Updated: Thursday, September 20, 2012, 08:51

Issues like increasing air connectivity and starting trade in petroleum products are expected to figure in the two-day Commerce Secretary level talks between India and Pakistan beginning tomorrow in Islamabad.

Two-day India-Pak commerce secretary-level talks from Thursday

Last Updated: Wednesday, September 19, 2012, 19:07

Issues like increasing air connectivity and starting trade in petroleum products are expected to figure in the two-day Commerce Secretary level talks between India and Pakistan beginning tomorrow in Islamabad.