<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
The government has increased petroleum products' prices, which will be effective for the fortnight, from March 1 to March 15. The petrol price has been raised from Rs 53.70 per litre to Rs 58.70, diesel from Rs 32.57 per litre to Rs 36.07, kerosene oil from Rs 35.23 per litre to Rs 38.73 and HOBC per litre from Rs 64.88 to Rs 69.88, a notification of Oil and Gas Regulatory Authority (Ogra) said. The oil prices in the international market showed a record surge during the last several months, which compelled the government to pass on partial increase to consumers, said a government spokesman. The petrol and HOBC prices have been raised by Rs 5.00 per litre, while prices of kerosene oil and light diesel oil have been raised by Rs 3.50 per litre. The spokesman further said the government will continue to provide a subsidy of Rs 16.82 per litre on kerosene oil and Rs 15.30 per litre on light diesel oil, after the price increase. The price computation is carried out by OGRA in accordance with the formula prescribed by the Federal Government. It requires that the price be based on average Arab Gulf prices for the last fortnight for Naphtha, Diesel, Kerosene and HSFO, to which Inland Freight Equalisation Margin (IFEM) is added, which reflects estimated transportation cost of the products to the 29 depots in the country for the purpose of price equalisation. Government levies viz. petroleum development levy and sales tax are added to notified prices. Copyright Business Recorder, 2008
India's largest crude oil producer Oil and Natural Gas Corporation (ONGC) is on the verge of reporting "losses' on every barrel of crude oil that it sells due to the high subsidy burden that it
State-run firms together lost Rs 440 cr per day in the fortnight ended March 31.
The government on Thursday has increased the prices of all oil products by Rs 3 per litre except kerosene oil. Kerosene oil price has been kept at the previous level to basically protect the poor from additional financial burden, who use it as fuel. Prime Minister, Syed Yusuf Raza Gilani, excluded the kerosene oil from increase in price on the personal request of Finance Minister Ishaq Dar. The Oil and Gas Regulatory Authority (Ogra) has issued a notification of the new prices of petroleum products, to be effective from April 16.
The government has increased petroleum products' prices for next 15 days by Rs 3 per litre except kerosene oil to pass on the impact of surge in international market rates to the consumers. The new prices will be effective from May 1 (today).
Steady rise in fuel prices seems here to stay and each price rise is bound to have an impact on monthly budgets. With petrol becoming dearer by a steep Rs 5 and diesel by Rs 3, auto experts say that simple changes in driving habits and minor alterations in lifestyle can ensure the hike does not hit as bad.
- Consumers were hit by another fuel shortage since Sunday after as petroleum dealers halted distribution because of a dispute with the Nepal Oil Corporation (NOC). NOC officials said that an agreement had been reached Monday evening, and the dealers would resume distribution Tuesday. The dealers said they stopped selling fuel as NOC had forced upon them a new set of directives related to retail prices of fuel, extent of technical leakage, and transportation cost. The petrol scarcity, which had been running for months, had faded away after a price revision last week.
India is in danger of losing yet another opportunity to reduce its dependence on petroleum. (Editorial)
Lorry owners staged a protest against the short supply of diesel in Kadiri town of Anantapur district on Monday. They were facing a shortage of diesel for the last few weeks due to short supply to the town. Earlier, nearly one lakh litres of diesel used to be supplied to the town everyday, but this has come down to 50,000 to 60,000 litres, with no supply for one or two days. This resulted in a high demand for diesel.
