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 …
As more than 20 per cent of the retail outlets of various state-run oil marketing companies in Punjab ran dry today, panic-struck people began hoarding petrol and diesel, wherever available. The situation was worse in rural belts of Amritsar and Jalandhar and in the districts of Bathinda, Barnala and Sangrur, …
THE KEENLY-AWAITED decion on petrol and diesel prices, expected to be finalised on Saturday, has been deferred by the government yet again. A comprehensive proposal to address the ongoing spurt in crude oil prices with a combination of price hike and duty cuts, is expected to be taken up next …
Decision Likely Next Week After CWC Meet The Congress's core ministerial panel on Friday gave its green signal to raising motor fuel prices but the quantum of increase emerged as a hitch. A decision is now expected only next week, after two high-profile political meetings
In the face of skyrocketing petrol prices, the New Zealand government has said that it would delay the introduction of a new petrol rates under the emissions trading scheme (ets) for two years. The proposed hike in petrol prices was part of a government plan to cap greenhouse gases emitted …
AMITAV RANJAN Hike, Cuts & Bonds But Govt will push for Rs 3 & Rs 2 per litre for petrol and diesel, Rs 50 for LPG as it anticipates ally pressure. The government has, in principle, decided to increase prices of petrol by Rs 2 per litre, diesel by Re …
State-run Hindustan Petroleum Corporation Limited on Thursday warned that it would be forced to resort to curtailment of supplies to retail outlets if fuel prices were not raised immediately. It said it was running out of cash due to high under-recoveries. Addressing a press conference here, HPCL chairman Arun Balakrishnan …
The Growth Report Denounces Energy Subsidies, Cut In Public Spending On Infrastructure To Reduce Fiscal Deficit THE government's decision to subsidise consumers of petroleum products by resisting revision of prices despite a sharp rise of crude is a "bad idea' measured by the yardstick of The Growth Report released recently …
A "mixed bailout package,' comprising a "moderate hike' in the prices of diesel and petrol and a re-adjustment in the customs duty on crude oil and the excise duty on the two fuels, was understood to have been "finalised' at a meeting between Prime Minister Manmohan Singh and United Progressive …
Bonds & Raising Prices Too On Agenda GLOBAL oil prices have been northward-bound for a while now. Even as countries debate over price hikes, increased subsidies and demand management, India is still trying to find the right strategy to deal with the oil crisis. While sharp increases in retail prices …
AFTER a splendid run for most of last fiscal and in April, passenger car sales are decelerating as consumers apprehend a hike in petrol and diesel prices. With crude oil price hitting a record $133 per barrel and a fuel price hike looking imminent, Indian customers are postponing their car …
THE Congress leadership on Thursday directed the finance and petroleum ministers to place its proposals for fuel price hike before a ministerial group on Friday. The informal group comprising Mr Pranab Mukherjee, Mr AK Antony, Mr P Chidambaram and Mr Murli Deora will work out a politically tenable package for …
RBI eases lending norms to oil companies. The government looked set to raise petrol and diesel prices by Rs 3-4 a litre and Rs 2 a litre respectively this weekend to curtail losses of state-owned oil firms even as the Reserve Bank of India extended them a helping hand by …
THE fuel price imbroglio continued on Thursday even as crude oil prices held firm at around $130 a barrel. Prime Minister Manmohan Singh has now stepped in to take a final call on the price hike after the finance and petroleum ministries failed to reach a consensus on both the …
The finance ministry's proposal to seek compensation by way of cess on income and corporate taxes for any duty reduction on crude oil and motor fuels has put the ball squarely in the court of UPA chairperson Sonia Gandhi and PM Manmohan Singh. With finance minister P Chidambaram's meeting with …
A day after the city faced acute Petrol shortage, the crunch somewhat eased on Tuesday with the re-opening of the Bharat Petroleum Corporation Limited (BPCL) depot. The BPCL depot was opened on the directives of the collector, according to official sources. The city was facing fuel shortage since May 23 …
A cess or surcharge on income tax and corporate tax may be levied to bail out oil firms reeling under high global prices as the Petroleum Ministry's proposal to raise petrol price by Rs. 10 a litre, diesel by Rs. 5 a litre and that of LPG by Rs. 50 …
Deora meets Dr. Singh, seeks sharp hike to bail out OMCs Under-recoveries of OMCs could touch Rs. 200,000 crore this fiscal, Prime Minister told Stand-off between Petroleum, Finance Ministries figure in Manmohan-Deora meeting NEW DELHI: A crucial meeting of the Empowered Group of Ministers (EGoM) on petroleum has been convened …
Equals Rs 6,000 A Year For Every Poor Man WITH international crude prices hovering around $135/barrel and the Indian crude basket following closely at about $125/barrel, the under-recovery or the subsidy on petroleum products is likely to touch Rs 180,000 crore in 2008-09. At a consumption poverty level of 27.5%, …
Despite political setbacks for the Congress leaving little room for a hike in motor fuel prices, the Petroleum Ministry is toying with the proposal for a "massive hike in petrol' prices to bring them on a par with the market rates. Diesel, LPG and kerosene, however, will be left untouched. …
