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 …
Bs Reporter / New Delhi September 17, 2008, 0:45 IST Oil Minister Murli Deora said petrol and diesel prices would not be cut till crude oil prices fell to $67 a barrel, since the depreciation in the rupee against the US dollar had eroded gains from falling oil prices, which …
The government on Monday reduced petrol prices by Rs 5 per litre and revised diesel and kerosene prices upward by Rs 3.50 a litre. A formal notification of the new oil prices was issued by Oil and Gas Regulatory Authority (Ogra) late Monday night. The changed prices will be effective …
Proposed fiscal reforms for automotive fuels Petrol Increase selling price before state taxes and duties by Rs 2.50 per litre each month to align with full cost price Total increase of Rs 10.90 per litre in selling prices before taxes Temporary reduction in excise duty to Rs 10 per litre …
A committee recommends rationalization of diesel and petrol prices The long awaited pricing formula for petroleum products to bail out the oil industry from impending bankruptcy has been tabled. If put into effect this prescription can correct distorted prices of automotive fuels of petrol and diesel and halt misuse of …
Paranjoy Guha Thakurta RATHER LATE in the day, the government is thinking of introducing a set of initiatives to better target subsidies on diesel, the most widely-used petroleum product. Even if these initiatives fail to materialise and a dual-pricing policy turns out to be difficult to implement, the moves are …
THE government is planning to make it mandatory for oil companies to sell a 20% ethanol-blended petrol across the country by 2017. The National Policy on Biofuels, which was cleared by the Cabinet on Thursday, has set a target to achieve higher blending of biofuel in both petrol and diesel. …
NEW DELHI: The continued slide in crude oil prices in the international market has brought cheers to the loss making oil marketing companies (OMCs) with the Indian crude basket dropping below the $100-mark for the first time in the last six months. Official sources said here that India
Sujay Mehdudia NEW DELHI: Notwithstanding the decline in international crude prices in recent weeks, Petroleum and Natural Gas Minister Murli Deora on Monday ruled out a cut in retail prices of petrol and diesel.
The Manipur Government has banned sale of petroleum products in bulk to the consumers with jerrycans and other containers by all dealers at retail outlets of petroleum products located in the valley districts with immediate effect. The step was a part of the stringent measures to prevent dealers in valley …
Tanzania plans to have about 300 cars running on a hybrid of petrol and compressed natural gas in Dar es Salaam by March 2009, a senior government petroleum official said on Tuesday. It also plans to build three gas filling stations in the same period. The east African economy has …
Business Standard / New Delhi August 26, 2008, 5:18 IST The proximate reason for the hike in petroleum product prices last month was the likelihood of shortages in these products, as cash-strapped oil firms ran out of money to import crude. To the extent that crude oil prices have dropped …
The government is going to present the fuel conservation plan to the Economic Co-ordination Committee (ECC) on Tuesday, including one-day closure of petrol pumps across the country to save much-needed costly fuel. Sources said the Economic Monitory Committee (EMC) will clear the plan for ECC in its meeting scheduled for …
Suggestions Refinery gate price to be fixed on average of global petro product prices Fuel quality to set retail price; transparency on profit/taxes charged Segmentation of diesel according to use Monthly hike in petrol, diesel and LPG prices; retain targeted subsidies Windfall tax on over $75 pb of oil from …
London, World oil prices extended gains on Thursday following a bigger-than-expected drop in inventories of US motor fuel. New York's main contract, light sweet crude for delivery in October, climbed $1.44 to $117 a barrel in electronic deals. London's Brent North Sea crude for October advanced $1.39 to $115.75. "People …
The Nepal Oil Corporation (NOC) said Thursday that it has managed to improve petrol availability, but has slashed the supply of diesel and kerosene -- the two major loss making items -- augmenting their shortage in the market. The corporation is presently pumping out about 110,000 liters of diesel a …
Business Standard / New Delhi August 21, 2008, 5:48 IST India has experimented with dual pricing in many commodities, including cement, and still does in sugar. As a transition to a free market, it is perhaps unexceptionable. But in almost every case, it introduces distortions and rackets of different kinds
US trade arm throws weight behind toxic petrol additive to prevent a ban on it in Europe in what looks like a diplomatic offensive to protect toxic trade, us -based Afton Chemicals has lobbied hard with the American government to mount pressure on European regulators to prevent the proposed ban …
