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 …
The price of oil should be seen as part of a tax-subsidy framework, serving as part tax when global prices are low and part subsidy when they are high. S. SUBRAMANIUM IF THE GOVERNMENT is willing to compensate oil companies with resources mobilised through taxes on those who can afford …
The government is set to amend a clause of the SEZ laws to allow it to build strategic petroleum reserves totalling five million metric tonnes in the SEZ notified areas without being bound by any export obligations. The amendment would waive the requirement to export oil from its reserves to …
If the impending taxi strike was not enough, here comes another strike, which is set to hit both commuters and car owners hard. The West Bengal Petroleum Dealers Association has called a three-day strike in all the 2,000 odd petrol pumps in the state and the city from 30 June …
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 …
Infrastructure sector growth declined to 3.6% in April against 5.9% in the year-ago month. Core sector growth for April 2008 declined to 3.6 per cent from 5.9 per cent in the same month last year on account of a huge fall in production of petroleum refinery products and electricity. The …
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 …
- 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 …
"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 …
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 …
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. The under-recoveries of the oil marketing companies (OMCs) are mounting and there are very real fears that …
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, …
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 …
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 …
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 …
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 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 …
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 …
