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Are you paying to keep oil firms profitable?-Anupama Airy

Amid protests over India's steepest-ever petrol price hike last week, many are now beginning to ask the question: Is the government milking the common man to keep its oil companies profitable? Consider these: Each time, you fill your car with a litre of petrol in Delhi, the Centre gets richer by Rs. 14.78 and state government earns another Rs. 12.20. In 2010-11 ( the latest figures available), the Centre and state governments...

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No plan to raise prices of diesel, LPG or kerosene for now: Jaipal Reddy

-The Economic Times The government has no immediate plans to raise the retail prices of diesel, kerosene and cooking gas, Oil Minister S. Jaipal Reddy said on Monday. "I am not touching (the prices of) diesel, LPG (liquefied petroleum gas) or kerosene," Reddy said, adding, no date has yet been fixed for a meeting of a ministerial panel to review the prices of the three subsidised fuels. State-owned oil fuel retailers announced an...

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Forest dwellers denied rights as law bristles with lacunae, says Minister

-The Hindu Not too happy with the implementation of the Scheduled Tribes and Other Forest Dwellers (Recognition of Forest Rights) Act, 2006, Union Tribal Affairs Minister V. Kishore Chandra Deo has asked the State governments to address several lacunae in the law while implementing it at the ground level. “If a clear signal is given to implementing authorities that all rights of forest dwellers must be adhered to and that the democratic...

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Part rollback of petrol hike likely by end-May

-The Times of India   Minutes after the Congress demanded relief from the steep hike in petrol price, state-run oil marketers on Thursday indicated they could reduce the price by the month-end if the rupee and international oil prices held steady.  "Current trend indicates that prices can come down," IndianOil chairman R S Butola said. He was speaking just after Congress publicly asked for a reduction in the hike.  "We are genuinely sensitive to...

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