The Indian petroleum minister Mr Veerappa Moily has made it clear that the diesel deregulation is here to stay. To wipe out the huge subsidy burden that the Indian government is facing due to diesel being sold at subsidized prices in India, state owned oil companies like Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum [...] Read more
Diesel price to go up 40-50 paise a litre every month New Delhi, Feb 1 (IANS) Diesel prices will be hiked by 40-50 paise a litre every month to gradually eliminate the fuel subsidy, Oil Minister Veerappa Moily said Friday. "Until further orders, oil ma... Read more
Revoke diesel price hike: Jayalalithaa Chennai, May 10 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Friday demanded revoking of the latest diesel price hike and the powers of the oil marketing companies to determine the fuel price. I... Read more
Petrol rates hiked by 75 paise, diesel by 50 paise a litre New Delhi, May 31 (IANS) Indian Oil Corp Friday hiked petrol price by 75 paise per litre and that of diesel by 50 paise per litre, both rates excluding local taxes, effective midnight, it was officia... Read more
Oil firms to review prices Feb 15 Kolkata, Feb 14 (IANS) State-run oil companies will review fuel prices Friday and consult on a probable price hike, Indian Oil Corporation chairman R.S. Butola said Thursday. "We have to take a view... Read more
Decision on fuel price hike soon: Moily New Delhi, Jan 11 (IANS) Raising diesel and cooking fuel prices and the cap on subsidised LPG cylinders would be decided as soon as possible, Oil Minister M. Veerappa Moily said Friday. "The decisio... Read more
Diesel price likely to rise, petrol to go down New Delhi, March 14 (IANS) Diesel prices may again be hiked by the weekend, sources in state-run Indian Oil Corporation (IOC) said Thursday. The petrol price may be cut by Re.1 per litre while the p... Read more
Petrol, diesel prices likely to rise this weekend New Delhi, Feb 13 (IANS) Petrol price could be hiked by Re.1 a litre and diesel rates by 50 paise a litre by this weekend, according to indications available Wednesday from state oil marketing compan... Read more
Diesel prices hiked again by 45 paise from Saturday New Delhi, March 22 (IANS) Indian Oil Corp (IOC) raised diesel prices Friday by 45 paise per litre, in line with its policy of reducing under-recoveries or losses. The diesel hike, that will come in... Read more
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