<p>Order of the High Court of Rajasthan in the matter of Deepak Acharya Vs Hindustan Petroleum Corporation Limited dated 05/03/2025.</p> <p>The Rajasthan High Court has admitted a petition challenging
India got its first hybrid car on Wednesday with Honda rolling out a petrol-electric version of its Civic sedan. The car will be more eco-friendly and fuel efficient (for its class) than any other in the market but will remain a niche product. The reason? The Civic hybrid has come with a prohibitive price tag of Rs 21.5 lakh (ex-showroom, Delhi), twice the price of the petrol Civic, thanks to accumulated duties, including customs, of 104%. This virtually makes the country's search for green and fuel-efficient options a non-starter.
"States are facing difficult, volatile times' Centre asked for details on aviation fuel price NEW DELHI: Seeking uniform prices for basic petroleum products across all States, the Empowered Committee of State Finance Ministers on VAT (value added tax) on Monday asked the Centre to reveal its exact policy on petro goods price fixation as well as the reason why these prices currently differed from one State to another.
As the head of the United Progressive Alliance (UPA) Government, Prime Minister Manmohan Singh has been caught like a doe between covert economics and overt populism. No surprise then that the Government chose to issue a press release with blank spaces, on the "marginal" hike effected on petrol, diesel and cooking gas. Clearly, the Government is finding it tough to do its math in a manner that it can convince consumers already hard hit by 8.1 per cent inflation. It has no qualms making the aam aadmi pay more for everything, rather than lose out on its own revenues.
For a beleaguered UPA government, increasingly under fire from the Left and the Opposition over galloping inflation, the sharp rise in global crude oil prices couldn't have come at a more inopportune time.
India may go for another round of hike in energy prices as global crude prices continue the upward swing, says credit rating agency Moody's. "As global prices continue to soar, the government will likely announce further increases in energy prices and cuts in subsidies,' said a report by Moody's Economy.com, an associate of Moody's. After much dilly-dallying, the government had earlier this month hiked price of petrol by Rs 5 a litre, Rs 3 for diesel and Rs 50 for a gas cylinder to help oil marketing firms partly meet their under-recoveries because of surging global crude prices.
Gunjan Pradhan Sinha & Rajeev Jayaswal NEW DELHI
The Bahujan Samaj Party held a rally in the Sector 17 plaza today to protest against the rising prices of fuel and the cost of essential commodities. Beating thalis to
The hike in the price of petro-products announced by the UPA Government has led to agitations and bandhs all around especially in non-Congress ruled states. If we go by the version of the Govt. this hike had become necessary to save the Oil Companies from bankruptcy. Even the Reserve Bank of India has termed the hike in petroleum products as a step in the right direction. But the country is already facing an inflationary pressure of the worst kind which has touched a figure of 8.24%. Prices of essential commodities have shot up thereby making the life of the common man miserable.
After the slowdown in American economy prices of crude oil have shown drastic swing. On Saturday the prices of crude oil reached up to 139 per barrel in New York. In the matter of oil consumption the five premier nations America, Japan, China, India and South Korea have expressed serious concern on record price rise of oil. In the conference of these countries in Aomori(Japan), the ministers of these countries told in a joint statement that drastic increase in oil prices has not only affected the importers of oil, but the producers and exporting countries also.
The Union government has affected steep hike in petroleum prices. Petrol is dearer by Rs five, diesel by Rs three per litre and LPG cylinder would not cost Rs 50 more. Prime Minister Manmohan says that price hike had become a crying need in view of heavy losses to oil companies. But the masses think differently. They say that even if price hike was so imperative, it should not have been so steep. The central government should have hiked petrol price by Rs two and diesel price by Re 1 while Rs 20 should have been added to the existing cost of LPG cylinder.
