indian basket

Diesel under-recoveries of oil companies rise 14 percent


August 16th, 2012 - 9:04 pm ICT by IANS
New Delhi, Aug 16 (IANS) Under-recoveries of public sector oil companies on high speed diesel (HSD) for the second fortnight of August 2012 grew 14 percent, official data released Thursday ... Read more...

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Petrol prices to be hiked by 70 paise from midnight (Second Lead)


July 23rd, 2012 - 9:59 pm ICT by IANS
New Delhi, July 23 (IANS) India's oil marketing companies Monday announced a hike in petrol prices by 70 paise a litre, with effect from midnight, citing increasing international oil prices ... Read more...

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Indian economy in a difficult situation: Pranab


December 7th, 2011 - 6:57 pm ICT by IANS
New Delhi, Dec 7 (IANS) Finance Minister Pranab Mukherjee Wednesday said India's economy is in a "difficult situation" because of slowing growth, stubborn inflation and a widening fiscal deficit, ... Read more...

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Oil firms mulling another price hike


November 1st, 2011 - 7:38 pm ICT by IANS
New Delhi, Nov 1 (IANS) State-owned oil companies may hike fuel prices once again owing to a depreciating rupee and rise in global crude prices."We are at present losing Rs.1.50 ... Read more...

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Diesel price to go up if inflation comes down: Rangarajan


October 20th, 2011 - 6:38 pm ICT by IANS
New Delhi, Oct 20 (IANS) The government will hike diesel prices once there is a substantial easing in inflationary pressure, the prime minister's top economic adviser C. Rangarajan said Thursday."Diesel ... Read more...

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Oil companies to bear Rs.121,571 crore under-recoveries: Reddy


October 19th, 2011 - 11:56 pm ICT by IANS
New Delhi, Oct 19 (IANS) State-owned oil marketing companies (OMCs) will bear under-recoveries of Rs.121,571 crore in 2011-12, despite the recent petrol price hike, Petroleum Minister S. Jaipal Reddy said ... Read more...

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Oil marketers to incur loss of Rs.121,000 crore in current fiscal


October 10th, 2011 - 8:02 pm ICT by IANS
Mumbai, Oct 10 (IANS) A depreciating rupee and higher cost of crude was affecting the functioning of oil marketing companies (OMCs) and they could end up incurring losses of over ... Read more...

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Petrol price hike to marginally push inflation up: RBI


September 16th, 2011 - 2:44 pm ICT by IANS
Mumbai, Sep 16 (IANS) The latest petrol price hike effected by the oil marketing companies will marginally add to upward pressures on headline inflation, the Reserve Bank of India (RBI) ... Read more...

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Public fumes, as petrol prices hiked again (Roundup)


September 15th, 2011 - 8:36 pm ICT by IANS
New Delhi, Sep 15 (IANS) Petrol prices were hiked for the 10th time since June 2010, by a little over Rs.3 a litre from Friday, as India's oil retailers ... Read more...

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250 Indian magicians to show off their skills in capital


June 22nd, 2011 - 11:57 pm ICT by IANS
New Delhi, June 22 (IANS) More than 250 magicians from across the country will converge upon the capital to perform their feats at the International Merlin Awards night Thursday.The awards ... Read more...

Posted in Life Style |

Deora welcomes union budget, justifies fuel price hike


February 26th, 2010 - 8:05 pm ICT by IANS
New Delhi, Feb 26 (IANS) Minister of Petroleum and Natural Gas Murli Deora Friday welcomed the budget and also justified the fuel price increase by the restoration of basic customs duty ... Read more...

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Comfortable with current oil prices: Nigeria


December 7th, 2009 - 3:03 pm ICT by IANS
New Delhi, Dec 7 (IANS) Nigeria is comfortable with the current prices of international crude, according to its key advisor on energy Emmanuel Egbogah. "Oil prices are good," said Egbogah on the sidelines ... Read more...

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Decontrol fuel prices, limit subsidies: Economic Survey (Lead)


July 2nd, 2009 - 7:27 pm ICT by IANS
New Delhi, July 2 (IANS) India's Economic Survey tabled in parliament Thursday called for decontrolling petrol and diesel prices "at the earliest" and reforming subsidies to cooking gas and kerosene. The ... Read more...

Posted in Business |

India hikes gasoline, diesel prices, leaves cooking fuels untouched (Second Lead)


July 1st, 2009 - 11:10 pm ICT by IANS
New Delhi, July 1 (IANS) Just five days before the union budget is to be presented, India Wednesday allowed state-run oil firms to increase prices of transport fuels, resulting in gasoline ... Read more...

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India hikes gasoline, diesel prices, leaves cooking fuels untouched (Lead)


July 1st, 2009 - 8:48 pm ICT by IANS
New Delhi, July 1 (IANS) India Wednesday allowed state-run oil firms to increase prices of transport fuels, resulting in gasoline becoming dearer by Rs.4 per litre and diesel by Rs.2 per ... Read more...

Posted in Business |

Deora promises new sources of gas supply from April 2009


February 18th, 2009 - 5:12 pm ICT by ANI
New Delhi, Feb 18 (ANI): Union Petroleum Minister, Murli Deora has said that the supply of natural gas from KG D-6 field is likely to begin by April 2009. Speaking at ... Read more...

Posted in Business |

Gas from new Reliance fields from April: Deora


February 18th, 2009 - 4:26 pm ICT by IANS
New Delhi, Feb 18 (IANS) Natural gas supplies from the Krishna-Godavari basin, off the Andhra Pradesh coast and awarded to Reliance Industries, will start from April with 40 million metric standard cubic ... Read more...

Posted in Business |

Indians wake up to fuel price cut good news


January 29th, 2009 - 12:55 pm ICT by IANS
New Delhi, Jan 29 (IANS) Indians woke up to some pleasant news Thursday with the prices of fuel being cut further as the government allowed its state-run petroleum retail companies to cut ... Read more...

Posted in Uncategorized |

India cuts prices of transport, cooking fuels (Roundup)


January 29th, 2009 - 1:47 am ICT by IANS
New Delhi, Jan 28 (IANS) India late Wednesday allowed its state-run petroleum retail companies to cut the prices of gasoline, diesel and cooking gas. Petrol will now be cheaper by Rs.5 a ... Read more...

Posted in Uncategorized |

Fuel prices to be again cut (Lead)


January 10th, 2009 - 8:57 pm ICT by IANS
Mumbai, Jan 10 (IANS) Another reduction in fuel prices is round the corner. In the next few weeks, petrol will be cheaper by Rs.5 a litre, diesel by Rs.3 a litre, and ... Read more...

Posted in Business |

International oil prices have a decisive role in domestic pricing says Deora


December 16th, 2008 - 8:29 pm ICT by ANI
New Delhi, Dec 16 (ANI): Union Petroleum and Natural Gas Minister Murli Deora today said that as India imports over 75 per cent of its crude oil requirement, the international oil ... Read more...

Posted in National |

Decision on oil prices in a week: Deora (Lead)


October 23rd, 2008 - 3:21 pm ICT by IANS
New Delhi, Oct 23 (IANS) With global crude oil dipping below $67 per barrel, Petroleum Minister Murli Deora Thursday said the government will decide within a week what prices oil retaining companies ... Read more...

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Deora rules out cut in retail fuel price


September 16th, 2008 - 11:05 pm ICT by IANS
New Delhi, Sep 16 (IANS) The government will cut oil prices only if international crude prices dip below $67 a barrel, Petroleum Minister Murli Deora said Tuesday.His announcement came as the global ... Read more...

Posted in Business |

Fuel price cut ruled out despite falling global rates


September 12th, 2008 - 9:41 pm ICT by IANS
New Delhi, Sep 12 (IANS) The government will not cut fuel prices despite the continuous fall in global crude prices, said Petroleum Minister Murli Deora here Friday."I welcome that crude prices have ... Read more...

Posted in Uncategorized |

Govt to take decision on oil price next week


November 14th, 2007 - 8:19 am ICT by admin
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Posted in Business |

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