Order of the High Court of Rajasthan in the matter of Deepak Acharya Vs Hindustan Petroleum Corporation Limited dated 05/03/2025. The Rajasthan High Court has admitted a petition challenging installation of a Hindustan Petroleum Corporation Limited (HPCL) petrol pump near a crematorium and high-tension line. The NOCs to establish the …
New Delhi: Finance minister Pranab Mukherjee on Wednesday laid the onus of the petrol price hike on oil marketers. “The decision has been taken. Petrol is a deregulated commodity,” he said. The government had freed petrol prices in June 2010 when crude came down to around $40 a barrel from …
Chandigarh: Consumers in Punjab will have to shell out more than the Rs 7.50 per litre hike in petrol prices. Because of the high taxes imposed by Punjab on petrol, it will now cost Rs 8.19 per litre more. With the hike, petrol in Punjab will be the second most …
The Congress led UDF government in Kerala on Thursday waived the sales tax on the latest petrol price hike, saying it was committed to bringing some relief to the people affected by the latest increase. "UDF government does not justify the Centre's decision to increase prices. But we are committed …
There is an insufficient understanding of the seriousness of India’s energy security problem and the impact this is having on the country’s development. This has led to various crises in the energy sector, which, in turn, have prompted ad hoc emergency responses that do not address the underlying fundamentals.
Plan to revise prices every fortnight to recover . 5k cr of revenue losses. State oil firms plan to raise petrol prices after the end of the budget session of Parliament this month and revise them every fortnight to recover . 5,000 crore past revenue losses as they haven’t increased …
Oil marketing companies have not revised petrol prices since December 1, 2011, despite sharp increase in international prices of petroleum products With losses on sale of petrol climbing to over Rs 7 a litre, state-owned oil firms have asked the government to either provide subsidy on the fuel or reduce …
June may turn out to be the luckiest month for government oil marketing companies for the third year in a row. Like the last two years, this June is also expected to see a round of price hikes in controlled fuel products. Price hikes of controlled petroleum products such as …
The state government on Tuesday told the Bombay High Court that close to 6,500 autorickshaws in the city have been fitted with electronic meters following a notification issued in February. The statement was made in a compliance report filed before the court by joint transport commissioner Satish Sahasrabudhhe. The report …
MUMBAI: Buying new cars is set to become even more expensive, with the Maharashtra Motor Vehicle Tax or road tax being raised for both petrol and diesel vehicles from May 1. Moreover, owners will also have to shell out more for petrol and diesel, the prices of which are likely …
Diesel to be cheaper by Re 1. Despite the finance department’s reservations, the Punjab government is all set to abolish octroi on petrol and diesel in the state. While this will reduce the rate of petrol by Rs 2 per litre and diesel by Re 1 per litre, the move …
Finance ministry not inclined to forego more revenue. The oil ministry has asked for a tax cut of . 6 per litre on petrol to help avoid a sharp rise in retail price of the fuel, but the finance ministry, which has already surrendered . 49,000 crore by reducing various …
The government on Tuesday stated that it has agreed in principle to deregulate diesel prices. Minister of state for finance Namo Narain Meena, in a written reply to the Rajya Sabha, said on Tuesday that the government is, however, not considering a similar proposal for cooking gas. The minister said …
New Delhi Consumers could prepare for shortages in auto and cooking fuel supplies. Oil retailers IOC, HPCL and BPCL have informed the government that if their losses from selling fuel below cost are not adequately compensated, “it may adversely impact the supply-demand balance of petroleum products,” Minister of state for …
New Delhi The government today said it has agreed in-principle to the deregulation of diesel prices, but is not considering similar proposal for the cooking gas. "Government has, in principle, agreed to make the prices of diesel market determined," Minister of State for Finance Namo Narain Meena said in a …
‘Or cut excise duty and compensate our loss' Fed up with the Centre's “indecision” on allowing an increase in fuel prices in the face of rising international crude prices, the oil marketing companies (OMCs) on Tuesday virtually threatened to increase petrol prices by Rs. 8.04 a litre. They said the …
New Delhi: Taking a cue from the RBI governor D Subbarao, market leader IndianOil Corporation indulged in grandstanding on Tuesday by saying state-run retailers would raise petrol price by almost Rs 10 per litre, if the government did not reduce excise duty or did not compensate their Rs 49-crore daily …
A Brazilian judge denied an injunction seeking to bar oil company Chevron Corp and drill-rig operator Transocean Ltd from operating in Brazil after two offshore oil leaks, a federal court in Rio de Janeiro said on Wednesday. The judge, Guilherme Diefenthaeler of the appellate division of the Second Region Federal …
Says the price fixation is in the legislative domain as It requires some expertise. The Supreme Court has rejected a petition to fix the price of petroleum products. It falls within the domain of the government, it said while rejecting a PIL filed by former MP PC Thomas. "The price …
Cheaper alternate fuel gains ground as industry switches from expensive petrol. Diesel consumption in the country jumped 11.9% in February as industries increased the use of the cheap fuel, while curbs on overloading of commercial vehicles forced transporters to increase the number of trucks on roads. Growth in diesel sales …
New Delhi Just a day before the Election Commission was set to issue the notification for the 2009 general election, the United Progressive Alliance-I government had hurried to allocate large captive coal blocks to the Tata-Sasol combine and Jindal Steel and Power (JSPL) for their respective coal-to-liquid projects in Orissa, …
