Oil Marketing Companies (OMCs) may slash the price of petrol by up to Rs 2.50 per litre in line with the decline in international crude oil prices. The new price will reportedly come into effect by the end of April. Currently, petrol costs Rs 66.09 per litre i...
Petrol price was hiked by Rs 1.50 per litre and diesel by 45 paise as state-owned oil companies exercised their newly bestowed pricing freedom today. This is the first hike in petrol prices in a span of three months and a half. The prices exclude local sales t...
After deregulation of petroleum products, sugar is the next commodity on the government's list. KV Thomas said that the government will meet soon and in the next 15 days they would take a decision on the deregulation of sugar prices. The oil companies are meet...
The common man's wallet may suffer a bigger burden in the coming few days with the government deciding to deregulate the prices of sugar. KV Thomas said that the decision on the regulation will be taken in the next 15 days. Apart from this, the oil companies a...
The oil companies are likely to meet today to decide on the next round of hike in fuel prices. The new prices are likely to be implemented from tonight. The petrol prices are likely to rise by Rs 1 per litre and diesel prices are likely to be increased by 50 p...
At least 14 people are dead and more than 80 injured in an explosion at the office headquarters of Mexico's state-owned oil company Pemmex in the capital Mexico city.
Jairam Ramesh said that the increase in prices of diesel and LPG was inevitable as the prices in the global market were increasing. He said that the media was not highlighting the fact that the number of subsidized LPG cylinders has been increased from six to ...
In a press conference, Mayawati said that Congress is not with the common man. The recent price hike in diesel, LPG, kerosene and railway fares are all against the common man. She also asked for the number of subsidized cylinder to be further increased from ni...
Opposing the government's move to allow oil companies to periodically increase the diesel prices, Bahujan Samaj Party chief Mayawati has said that this decision will adversely affect the poor and middle class in India. Terming the move 'anti-people' she has as...
Congress ally DMK has opposed the government's decision to allow oil companies to hike the price of diesel periodically and has demanded that the cap on LPG cylinders be raised to 12. DMK chief Karunanidhi, it appears, does not want his party to be perceived a...
Congress has always claimed that it is the party of the 'Aam Adami' but in the last few days they have done everything to disprove their claim. After the increase in the railway fares, Congress has deregulated the diesel pricing. The party has also increased t...
Among all negative news of price rise, the common man has a few reasons to smile as well. The petrol prices have been reduced by 25 paise and the government has increased the number of subsidized cylinders from six to nine. But diesel prices will continue to w...
Just four months back the price of diesel was hiked by Rs 5 per litre and for the past four months an annual hike of Rs 4 has been the trend. But now experts see a five to seven rupee hike on an annual basis. The government may sugarcoat it, but by giving oil...
Is the government simply sugarcoating the diesel deregulation by raising the cap on subsidised LPG cylinders to nine? BJP national treasurer Piyush Goyal, Chief Editor of Dainik Divya Marathi Kumar Ketkar, economist Lord Meghnad Desai, entrepreneur and educati...
News Night | In a surprise move, the government decided to increase the cap on LPG from six cylinders to nine on one hand and on the other hand, it will be giving the oil companies the right to decide on the price of diesel from now onwards. This move has been...
Accusing the Government of giving a free hand to oil companies to increase diesel rates, Punjab Deputy Chief Minister Sukhbir Singh Badal said today that the Union Cabinet has deliberately and conveniently given a free hand to the oil companies to raise the pr...
Reacting to the government's decisions to raise the cap on subsidized LPG cylinders and to grant oil companies permission to hike diesel prices periodically, BJP has said that the government does not have any specific pricing policy. The Left has reacted sayin...
The government has raised the cap on supply of subsidised LPG cylinders to nine. It has also granted permission to oil companies to hike diesel prices periodically. Oil Minister M Veerappa Moily has confirmed that there won't be any increase in the price of LP...
The government has raised the cap on supply of subsidised LPG cylinders to nine. It has also granted permission to oil companies to hike diesel prices periodically. The government has confirmed that there won't be any increase in the price of LPG.
Brandon Rice visits the Open Innovations Forum in Moscow, a four-day extravaganza for technologists with conferences, speakers, exhibitors, and the Tex Success Awards ceremony to recognise small and medium sized businesses. Brandon checks out an eye drop formu...
Petrol and diesel is being pilfered between filling station and the petrol pumps. TV9 camera capture how the oil mafia, in collusion with oil tanker drivers and cleaners, stop trucks at designated locations along highways in Chittoor district, and then secretl...
Fuel prices are set to increase marginally. Following the oil companies' decision to hike dealer commissions, petrol will be dearer by 30 paise per litre, while diesel will be costlier by 18 paise per litre.
Would a joint family living under one roof but having separate kitchen's be able to get 12 LPG cylinders, instead of the six currently being offered under subsidy to the all consumers?
Vehicle owners are in for more trouble as the 30,000 petrol pump owners, in an attempt to exert pressure on oil companies, have decided to operate on just one shift. This would mean that petrol pumps will remain closed post 5 pm. On highways the petrol pumps w...
BJP spokesperson Nirmala Sitharaman announces protest against government's oil pricing technique. She alleges that the counting techniques of national oil companies are not transparent. Further on say that if the fluctuations in the international market affect...
At Port Harcourt, the crew of the film 'The Blood of Nigeria' joins Patrick Eyitoh, Head of Control Room, FPSO. Most of the expatriates and oil workers prefer to live in Port Hartcourt when they are off duty but it is amidst high security due to threats of kid...
'The Blood of Nigeria' by Philippe Lespinasse is a film on the oil rich Nigeria, the largest oil producing country in Africa. The extracted oil is referred to as the 'blood of Nigeria' by the crew on-board the oil rig FPSO AKPO, which is 200 km off the Niger D...
First was the removal of subsidy on LPG after the restriction of six cylinders per consumer. And now comes the new rules and restrictions form the gas companies. These new regulations for obtaining a new domestic LPG gas connection are so restrictive, that you...
In a major relief for the aam admi, the steep petrol prices are likely to drop in the coming days. The price of petrol is likely to be slashed by a rupee or two per litre. The oil companies will be able to slash the price of petrol as the cost of crude oil has...
Montek Singh Ahluwalia, the Deputy Chairman of the Planning Commission has come out in support of the hike in diesel prices. Montek says the if the diesel prices had not been raised, there was all likelihood of oil companies going bankrupt.
Slamming the Congress-led UPA government over the diesel price hike, senior BJP leader Rajnath Singh remarks that if the government is genuinely concerned about the 'aam admi' it should rollback the price with immediate effect. He alleges that the government d...
Market Hour speaks to Axis AMC's Chandresh Nigam and UBS Securities' Gautam Chhaocharia on equities and how to allocate funds, IOC's PL Goyal on the extent of losses in oil marketing companies and Standard Charterd's Thomas Costerg on the ECB. The show also co...
In just a week's time or two, the Union government is all set to drop a petrol bomb on citizens. And it is just waiting for the monsoon session of the Parliament to get over.
One more attack on the already overburdened Indian public. The government is just waiting for the monsoon session of the Parliament to get over to raise the prices of petrol, diesel, kerosene and LPG. The story has also the rate card for the new prices that co...
The Finance Ministry has indicated that the price of petrol, diesel and LPG is likely to go up again in the next three weeks. The Ministry says that it has no more money to give any more subsidies. The fuel hike will come after the end of this Parliament sessi...
Saurabh Mukherjea, Head-Equities, Ambit Capital, talks to Nikunj Dalmia about the three events that will impact the market in the next few weeks. He says markets will focus on US Fed's decision on monetary easing and the government's reform announcements. Petr...
The BJP plans to raise the issue of the alleged discrimination in supply of LPG gas to Gujarat. BJP's Arun Jaitely pointed out loopholes in the argument of Union MoS for Petroleum and Gas RPN Singh's statement made in Ahmedabad.
It all sounds nice to hear, that in just one month oil companies have twice dropped prices of petrol. But when it comes to increasing the prices, oil companies are ready to hike it by as much as Rs 7.50. Who are these oil companies fooling? Find out how we are...
Oil majors will meet Monday to decide on a cut in fuel prices. Meanwhile, the RBI too will meet today to decide on whether to hike or lower interest rates to check inflation.
The government says oil companies' losses are to be blame for hike in petrol prices. But take a look at the reality of how your government is fooling you on reasons for hiking prices of petrol.
TMC chief Mamata Banerjee threatens the government saying that her party will hit the streets and stage an agitation if the petrol prices are not reduced.
The in-principle agreement of the Government to make diesel prices market-determined will present further woes for the common man who is already burdened by inflation.
The Congress-led UPA government is understood to have given an in-principle approval to the state-owned oil companies to increase petrol prices by Rs 4-5 a litre.
ONGC requests government not to levy higher cess, Government expenditure has been understated in Union Budget, says Morgan Stanley, and more business news.
Crude oil prices is at a 9-month high, and is likely to move up further on the back of the UP elections. S Varadarajan, Director, Finance, BPCL discusses the rising subsidy prices.