fuel subsidies

Seven dead, more than 1000 injured in mass protests against abolition of fuel subsidies in Ecuador

A total of 1,152 people were detained, seven were killed, 1,340 were injured. Ecuadorian President Lenin Moreno had on Saturday placed the national capital under curfew and military control following several days of mass protests against his decree cancelling fuel subsidies.

Oct 14, 2019, 06:49 AM IST

India returned to fiscal consolidation in 2016-17: IMF

Notwithstanding the impact of demonetisation, India returned to fiscal consolidation in the fiscal year 2016-17 largely due to the near-elimination of fuel subsidies and enhanced targeting of social benefits, the IMF said on Wednesday.


Apr 19, 2017, 20:42 PM IST

Iran raises gas prices by 40% in subsidy cut: Report

Iran will raise gasoline prices by some 40 percent, the country's official news agency reported, the latest cut to the Islamic Republic's fuel subsidies that cost it some USD 32 billion a year.

May 25, 2015, 18:19 PM IST

Oil price slide tests unconventional oil producers - IEA

Falling crude prices are an unprecedented test for producers of unconventional oil and a golden opportunity for governments to phase out costly subsidies, the head of the International Energy Agency (IEA) said on Monday.

Dec 01, 2014, 21:09 PM IST

Splitting subsidy with oil producers credit positive: Moody's

Global rating agency Moody's Investors Service said Monday that the oil ministry's plan to divide fuel subsidies equally between the government and the two state-owned upstream oil and gas producers namely ONGC and Oil India, is credit positive for both companies.

Sep 01, 2014, 22:14 PM IST

India should gradually reduce fiscal deficit: IMF official

To bolster economic growth, India should continue to gradually bring down the fiscal deficit and usher in fuel subsidy reforms, a senior International Monetary Fund official said.

Jun 11, 2014, 16:36 PM IST

Govt has to shift part of oil subsidy bill to next year: Fitch

The government had allocated Rs 65,000 crore for petroleum subsidies in 2013-14, of which Rs 45,000 crore has already been utilised to pay the oil marketing companies to meet their subsidy requirement of previous financial year.

Nov 18, 2013, 15:24 PM IST

Rights groups say 50 dead in Sudan fuel riots

Rights groups slammed Sudan on Thursday for killing protesters demonstrating against fuel subsidy cuts, saying 50 people were shot dead in two days in the country`s worst riots since 1989.

Sep 27, 2013, 12:55 PM IST

Nigeria lawmaker charged over alleged bribery

A Nigerian lawmaker who led a probe into the nation`s fuel subsidy programme that saw billions of dollars lost through fraud has been charged with allegedly soliciting a USD 3 million bribe from someone targeted by the inquiry.

Feb 01, 2013, 23:53 PM IST

Fuel subsidies benefit people having cars and motorcycles: OECD

Fuel subsidies are not really helping achieve the desired purpose and are mostly benefiting people having cars and motorcycles, a top official of Paris-based think tank OECD said on Wednesday.

Jan 30, 2013, 16:01 PM IST

Countries should do away with fuel subsidies: World Bank chief

He made the comments while discussing ways to tackle climate change issues at the World Economic Forum (WEF) here.

Jan 26, 2013, 20:53 PM IST

No headroom for proactive fiscal policy: Pranab

Amid the all-round clamour for reforms like doing away with fuel subsidies, Finance Minister Pranab Mukherjee Monday said there is no "headroom for running a proactive fiscal policy".

Jun 04, 2012, 19:07 PM IST

Expect steps to deregulate diesel prices this year: Ragarajan

The government is expected to take steps this year to deregulate diesel prices in an economy burdened with colossal fuel subsidies, C. Ragarajan, the chairman of the prime minister's economic advisory council, said Wednesday.

Apr 18, 2012, 10:33 AM IST