international crude oil

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...

Posted in Uncategorized |

Country facing economic emergency: BJP


June 27th, 2012 - 12:15 am ICT by IANS
New Delhi, June 26 (IANS) Asserting that the country was facing an "economic emergency", the BJP Tuesday said that the government is trying to protect the business interests of ... Read more...

Posted in Politics |

FICCI calls for radical policy reforms in energy sector


May 7th, 2012 - 7:18 pm ICT by IANS
Hyderabad, May 7 (IANS) Voicing its concern over the emerging energy crisis in India, the Federation of Indian Chambers of Commerce and Industry (FICCI) Monday called for radical policy reforms ... Read more...

Posted in Uncategorized |

Government subsidy burden at 10-year high


March 6th, 2012 - 6:15 pm ICT by IANS
New Delhi, March 6 (IANS) The Indian government's subsidy burden is expected to reach 2.5 percent of the country's gross domestic product (GDP) for the fiscal ending March 31, the ... Read more...

Posted in Business |

Jet fuel price cut by Rs.350.70 a kilolitre


February 16th, 2012 - 7:52 pm ICT by IANS
New Delhi, Feb 16 (IANS) State-owned oil marketing companies (OMCs) Thursday cut aviation fuel prices by Rs.350.70 or 0.56 percent a kilolitre (kl), effective from midnight Friday.With this, the ... Read more...

Posted in Business |

Jet fuel price cut by Rs.1,974 a kilolitre


January 31st, 2012 - 9:09 pm ICT by IANS
New Delhi, Jan 31 (IANS) State-owned oil marketing companies (OMCs) Tuesday cut aviation fuel prices by Rs.1,974.29 or 3.04 percent a kilolitre (kl), effective from midnight Wednesday, as an ... Read more...

Posted in Business |

Jet fuel price cut by Rs.622 a kilolitre


December 31st, 2011 - 10:43 pm ICT by IANS
New Delhi, Dec 31 (IANS) State-owned oil marketing companies (OMCs) slashed the jet fuel rates by Rs.622.33 or 1.05 percent a kilolitre (kl), effective from midnight Saturday, as crude ... Read more...

Posted in Business |

Oil firms cut jet fuel prices by 1.38 percent (Lead)


December 15th, 2011 - 10:04 pm ICT by IANS
New Delhi, Dec 15 (IANS) State-owned oil marketing companies (OMCs) Thursday pared jet fuel prices by 1.38 percent or Rs.833 per kilo litre (kl), effective from Dec 16.With this, ... Read more...

Posted in Business |

Oil firms increase jet fuel price by 3.70 percent


November 30th, 2011 - 11:09 pm ICT by IANS
New Delhi, Nov 30 (IANS) State-owned oil marketing companies (OMCs) Wednesday increased the prices of aviation turbine fuel (ATF) by 3.70 percent, effective from Dec 1.The ATF at Delhi's IGI ... Read more...

Posted in Business |

Oil firms increase jet fuel price by two percent


November 15th, 2011 - 11:16 pm ICT by IANS
New Delhi, Nov 15 (IANS) State-owned oil marketing companies (OMCs) Tuesday increased the prices of aviation turbine fuel (ATF) by two percent, effective from Nov 16.The ATF at Delhi's ... Read more...

Posted in Business |

OPEC oil price keeps fluctuating


November 8th, 2011 - 12:57 am ICT by IANS
Vienna, Nov 7 (IANS) The weekly average price of the Organisation of Petroleum Exporting Countries (OPEC) dropped slightly to $107.52 per barrel last week, the Vienna-based cartel said Monday.After continuous ... Read more...

Posted in World |

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...

Posted in Business |

GDP to grow at 8 percent this fiscal, inflation high till September: FICCI


May 30th, 2011 - 6:39 pm ICT by IANS
New Delhi, May 30 (IANS) The Indian economy's growth will moderate to 8 percent this fiscal compared to the 8.6 percent it is estimated to have expanded by in 2010-11, ... Read more...

Posted in Business |

Highlights of monetary policy unveiled by India’s central bank


May 3rd, 2011 - 2:09 pm ICT by IANS
Mumbai, May 3 (IANS) Following are the highlights of the monetary policy for this fiscal unveiled by the Reserve Bank of India (RBI) Governor D. Subbarao Tuesday:-- Repo rate ... Read more...

Posted in Business |

India’s inflation rises to 8.31 per cent


March 14th, 2011 - 3:05 pm ICT by ANI
New Delhi, Mar 14 (ANI): The inflation has risen to 8.31 percent for the month ended February from 8.23 per cent in the previous month.The rise is due to higher milk, ... Read more...

Posted in National |

Diesel price may be freed if inflation falls


February 21st, 2011 - 9:04 pm ICT by IANS
New Delhi, Feb 21 (IANS) India is likely to deregulate diesel prices once general inflation level falls to 6 percent, C. Rangarajan, chairman of the economic advisory council to the prime minister, ... Read more...

Posted in Business |

Petrol prices to rise by Rs 2.54 per litre from midnight tonight


January 15th, 2011 - 10:02 pm ICT by ANI
New Delhi, Jan 15 (ANI): Following an increase in international crude oil prices, state-owned oil companies raised petrol prices by Rs 2.50-Rs 2.54 per litre for the second time in a month, ... Read more...

Posted in Business |

Government monitoring foreign capital impact: Mukherjee


December 24th, 2010 - 8:00 pm ICT by IANS
New Delhi, Dec 24 (IANS) The government is constantly monitoring the impact of foreign capital inflows on exchange rates and there was no need to press the panic button, Finance Minister ... Read more...

Posted in Business |

Fuel price hike upsets people across India


December 15th, 2010 - 6:23 pm ICT by ANI
Mumbai/Kolkata Dec.15 (ANI): The hike in price of fuels has upset citizens all across the country.State-run oil retailers raised petrol prices at midnight on Wednesday by close to three rupees.The hike comes ... Read more...

Posted in National |

BPCL hikes petrol price by Rs. 2.95 per litre


December 14th, 2010 - 10:05 pm ICT by ANI
New Delhi, Dec 14 (ANI): Following a spike in international crude oil prices, state-owned Bharat Petroleum Corporation Ltd (BPCL) has announced a hike in petrol prices by Rs. 2.95 per litre, ... Read more...

Posted in Business |

Price rise dominates parliament (Roundup)


August 4th, 2010 - 9:12 pm ICT by IANS
New Delhi, Aug 4 (IANS) Soaring food prices generated heat in parliament Wednesday, with the Lok Sabha unanimously urging the government to act and come to the rescue of the common ... Read more...

Posted in Business |

Under attack, government says prices can be tamed (Second lead)


August 4th, 2010 - 7:20 pm ICT by IANS
New Delhi, Aug 4 (IANS) The government Wednesday asserted it was taking all steps to tame prices but that failed to satisfy the opposition and some of its allies who rapped ... Read more...

Posted in Politics |

Prices can be tamed but states must cooperate: Mukherjee


August 4th, 2010 - 2:53 pm ICT by IANS
New Delhi, Aug 4 (IANS) Every step was and will be taken to tame prices, but the public at large must appreciate that certain factors like supply shortfall and hoarding were ... Read more...

Posted in Business |

petrol decontrol positive for oil companies: Crisil


June 28th, 2010 - 8:59 pm ICT by IANS
New Delhi, June 28 (IANS) Credit rating agency Crisil said the decontrol of petrol price will positively impact the financial risk profiles of oil marketing companies. However, given the sizeable under-recoveries that still ... Read more...

Posted in Business |

Government decontrols petrol; hikes diesel, kerosene, LPG (Lead)


June 25th, 2010 - 6:25 pm ICT by IANS
New Delhi, June 25 (IANS) The Indian government Friday freed petrol from administrative control and hiked the prices of diesel, kerosene and cooking gas in a major policy reform that will ... Read more...

Posted in Business |

People turn furious as possibility of fuel price hike gains momentum


June 7th, 2010 - 11:30 pm ICT by ANI
Kolkata/Chennai, June 7 (ANI): Even as the decision to hike fuel prices has been deferred for the time being and a panel led by Union Finance Minister Pranab Mukherjee will soon ... Read more...

Posted in National |

Oil minister pushes for fuel price hike to curb subsidy (Lead)


June 7th, 2010 - 5:38 pm ICT by IANS
New Delhi, June 7 (IANS) Ahead of a high-power meeting here Monday evening, petroleum minister Murli Deora said fuel prices had to be hiked to offset the losses of state oil ... Read more...

Posted in Business |

Crucial meeting on hiking fuel prices Monday evening


June 7th, 2010 - 12:39 pm ICT by IANS
New Delhi, June 7 (IANS) Transport fuel prices in India may rise by up to Rs.3.5 per litre if a high-power group led by Finance Minister Pranab Mukherjee that meets here ... Read more...

Posted in Business |

Fuel prices in India may rise Rs.3.50 per litre


June 6th, 2010 - 8:37 pm ICT by IANS
New Delhi, June 6 (IANS) Transport fuel prices in India may rise by up to Rs.3.50 per litre if an empowered group led by Finance Minister Pranab Mukherjee decides Monday to ... Read more...

Posted in Business |

Oil firms cut jet fuel prices by 2.5 percent


February 15th, 2010 - 8:38 pm ICT by IANS
New Delhi, Feb 15 (IANS) State-run oil companies Monday cut jet fuel prices by 2.5 percent after drop in international crude prices which earlier rose to $82-84 per barrel. Jet fuel in Delhi ... Read more...

Posted in Business |

Oil firms hike jet fuel price by over 6 percent


January 15th, 2010 - 10:01 pm ICT by IANS
New Delhi, Jan 15 (IANS) State-owned oil companies Friday hiked jet fuel prices by over 6 percent after international crude prices rose to $82-84 per barrel this month. Jet fuel in Delhi will ... Read more...

Posted in Business |

We will roll back price hike if crude prices stabilize: Deora


July 9th, 2009 - 10:04 pm ICT by ANI
New Delhi, July 9 (ANI): Union Minister of Petroleum and Natural Gas Murli Deora on Thursday said that government will roll back the price hike of Rs 4 and Rs 2 a-litre ... Read more...

Posted in National |

Government refuses to roll back fuel price hike


July 2nd, 2009 - 3:12 pm ICT by IANS
New Delhi, July 2 (IANS) Union Petroleum Minister Murli Deora Thursday refused to roll back the increase in fuel prices but said that a revision will be considered when the international crude ... Read more...

Posted in Business |

Common people, opposition sore over fuel price hike


July 1st, 2009 - 10:01 pm ICT by IANS
New Delhi, July 1 (IANS) Common people and opposition parties alike sharply criticised the government for the hike in the petrol and diesel prices announced Wednesday evening. The Bharatiya Janata ... Read more...

Posted in Business |

Inflation rate to average at 5 percent this fiscal: Industry


July 1st, 2009 - 8:30 pm ICT by IANS
New Delhi, July 1 (IANS) Rising commodity prices globally, delayed monsoon and fiscal and monetary measures are likely to push up India's annual rate of inflation and average near 5 percent this ... Read more...

Posted in Business |

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