<p>With a view to give boost to agriculture sector, achieve import substitution, promote effective waste management and reduce environmental pollution Government has been blending ethanol in petrol. With
In line with the falling global prices, petrol may be made cheaper by around Rs 2 a litre later this week, creating political legroom for a diesel price revision. This will be the second price cut in the month after the Rs 7.54 increase last month triggered strong political opposition. On June 2, petrol was brought down by Rs 2.02 to Rs 71.16 a litre in the capital. Oil marketing companies review petrol prices, vis-a-vis the average international price, on a fortnightly basis. “When the price was cut on June 2, the average international price was $115.81 per barrel, against $124.42 in the fortnight when the price was increased by Rs 6.28 excluding taxes.
In the wake of a marked preference of personal vehicle owners, more so after the hike in petrol prices, the Finance Ministry is having a re-look at the Petroleum Ministry's proposal to hike the excise levy duty on diesel cars so as to disincentivise consumption of the subsidised transportation fuel. Indicating to the media that the proposal is still under the government's scanner, CBEC (Central Board of Excise and Customs) Chairman S. K. Goel said: “The proposal is there and that is being examined by Finance Minister. Consultations are being held and appropriate decision will be taken by the government in due course.”
Auditor Gives Point-By-Point Rebuttal On Reliance’s Claims Of Lack Of Expertise The Comptroller and Auditor General of India has offered a strong rebuttal of Reliance Industries Limited’s criticism that
CHENNAI: The Madras High Court has dismissed a writ petition challenging the recent steep hike in the price of petrol. Accepting the arguments of Central Government senior standing counsel S Haja Mohideen
The Bombay high court on Wednesday directed the Ministry of Oil and Natural Gas and three oil companies to file an affidavit explaining the reasons for the recent price hike of petrol by Rs7.50 per litre.
GoM seeks forest clearance for Mahan & Chhatrasal blocks, subject to conditions The government has removed roadblocks to coal mining by leading business houses and taken the first step to relax scrutiny
New Delhi: State-run fuel retailers are expected to announce a reduction of between Rs 1.50 and Rs 2 a litre in petrol price on Friday. The cut, once announced, will come into effect from June 1. The cut
Petroleum minister S. Jaipal Reddy on Monday said that the government was not looking at dual pricing for diesel as it was not practical to be implemented. Under dual mechanism, trucks and buses will gets
Petroleum and Natural Gas Minister Jaipal Reddy said on Monday that there was no proposal before the government now to increase the prices of diesel, domestic LPG and kerosene. No timeframe was set for the Empowered Group of Ministers (EGoM) to meet to consider such an increase. “We are not considering any hike in the prices of diesel, domestic LPG and kerosene. It is out of the question right now,” he told journalists after meeting Finance Minister Pranab Mukherjee to discuss the impact of the fuel price hike on inflation.
Q&A JAIRAM RAMESH RURAL DEVELOPMENT MINISTER Rural Development Minister Jairam Ramesh has urged the government to cut fuel subsidies and take a quick decision on opening the retail sector to foreign investment,
