Diesel

Order of the National Green Tribunal regarding extension of registration period of specialized armoured vehicles, 22/03/2024

Order of the National Green Tribunal in the matter of Vardhaman Kaushik Vs Union of India & Others dated 22/03/2024. The Special Protection Group (SPG) filed the application to direct the Transport Department, NCT of Delhi to allow extension of registration period of specialized armoured vehicles - 3 in number …

Rs l,400cr diesel to meet power crunch

An Assocham study has said that 35 crore litres of diesel worth Rs 1,400 crores were being consumed annually by industrial and commercial units in the national capital region (NCR) for generation of captive power to make up for the shortfall in supply of state-produced electricity. "There is an average …

Branded fuel being forced on TN

T Muruganandham AIADMK general secretary J Jayalalithaa on Wednesday accused oil companies of imposing a bigger fuel price hike on consumers by compelling dealers to sell only premium variety of petrol and diesel. She said regular supply of ordinary petrol and diesel in all bunks was the need of the …

Stop subsidised diesel to commercial users, say oil companies

Sujay Mehdudia NEW DELHI: Faced with the constant pressure of rising crude oil prices in the international market that touched $140 a barrel on Monday, Oil Marketing Companies (OMCs) have proposed to the Petroleum Ministry that the supply of subsidised diesel to commercial users, including hospitals, hotels, shopping malls and …

2 traders accused of supplying adulterated diesel denied bail

Two small-time city businessmen, who allegedly forged documents in connivance with a sub inspector to get a tanker containing spurious diesel released from a police station, were denied bail by a city court on Tuesday. The duo, suspected to be suppliers of adulterated fuel to truckers were denied relief by …

VAT panel seeks uniform prices for petro products

"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 …

The slippery slope

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 …

Oilcos to pump premium diesel to cos

HOSPITALS, hotels, malls, cinema halls and other commercial establishments will not be able to avail subsidised diesel anymore. They have to buy costlier premium (or branded) diesel. Public sector oil companies IOC, BPCL and HPCL plan to stop supply of subsidised diesel to commercial establishments. Retail price of branded diesel, …

Another oil shock

It's almost a replay of the 1973 oil shock. Even though the circumstances behind the current price rise, and even the rise itself, are less dramatic than in 1973, the impact is no less debilitating, particularly for India. Crude prices are now ruling at $135 (Rs 5,805) per barrel levels, …

Blinkers on oil consumption

India is in danger of losing yet another opportunity to reduce its dependence on petroleum. (Editorial)

Guzzler tax drives in

India has introduced a fuel-guzzler tax, making heavyweights of the road heavier on your pocket. Big cars will cost Rs 15,000-20,000 more with the Centre slapping an additional excise duty in what officials claimed was an attempt to discourage fuel consumption and emission. The levy, which will help the government …

Govt may raise fuel prices again, says Moodys

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, …

Oilcos flogging costlier branded fuel

Gunjan Pradhan Sinha & Rajeev Jayaswal NEW DELHI AN ATTEMPT by oil marketing companies (OMCs) to force their retail outlets to sell more of branded fuel is coming in handy for transport companies to increase freight rates in excess of what was warranted by the recent fuel price hike. According …

Personal Thought: Oil price hike to hit poor

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 …

The Hike Could've Been Earlier, And Gradual"

The former petroleum secretary feels we gradually need to move towards a full or near-full neutralisation of global prices ...... Lola Nayar interviews Probir Sengupta Probir Sengupta, distinguished fellow at TERI and former petroleum secretary, spoke to Outlook the morning after the petro-products hike. Excerpts. Was the price hike inevitable …

Drop by drop

A mismanaged oil price hike call leaves Congress in the lurch ...... "The Congress has a death wish...they now believe their neo-liberal economic arguments." A.B. Bardhan, CPI general secretary "The PM has done this in the national interest. The BJP just twists facts around." Kapil Sibal, Union Minister of Science …

Farmers worried over erratic power supply, hike in fuel prices

Amritsar - With power playing truant and prices of petrol and diesel on an all-time high, farmers in the district are at their wits ends. With paddy season approaching, farmers have urged the government to either ensure 24-hour power supply to run their tubewells or provide fuel at subsidised rates. …

Frugality is not poverty

The duty on buses which carry more people is the same as that on small cars, such is our warped policy. After much vacillation and prevarication, the government has finally done the inevitable

Price hike modest, says Manmohan

Prime Minister Manmohan Singh, in an address to the nation on Wednesday, explained the circumstances under which the government effected the revision in the fuel prices. "I know that the price increases we have had to announce today will not be popular, though they are only modest,' he said while …

Widespread shock, anger over fuel prices

The increase effected by the Union Government in the prices of petrol, diesel and cooking gas on Wednesday came as a shock for the residents of Chandigarh and Panchkula and many of them rushed to the nearby petrol pumps to fill the tanks of their vehicles at the old rates …

Biting the petro bullet

After considerable hesitation, the government has announced a package of measures to cope with the heavy burden imposed by the high global oil prices. Its most visible component is the hike in the retail prices of petrol and diesel

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