-Livemint.com The issue of frequent hikes in fuel prices is a matter of debate and concern, law and justice minister Ravi Shankar Prasad said after a Union cabinet meeting New Delhi: The National Democratic Alliance (NDA) government on Wednesday signalled its intent to stay the course on fuel pricing reforms and said that it was working toward a “long-term solution”. This comes against the backdrop of an international crude oil price rally, with...

-Hindustan Times In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15. New Delhi: Fuel prices are likely to be slashed by Rs 2 to Rs 4 in the next few days and a decision will...

-The Telegraph/ PTI New Delhi: Petrol Prices have touched a record high of Rs 76.24 per litre and diesel climbed to a highest ever Rs 67.57 in New Delhi with the oil PSUs passing on to consumers the impact of four weeks of a relentless rise in international prices. The price of petrol rose by 33 paise a litre in Delhi, the highest since the daily price revisions came into force in...

-The Times of India NEW DELHI: Oil minister Dharmendra Pradhan on Sunday raised hopes of the government cutting excise duty to soften the impact of oil prices as petrol and diesel prices hit historic highs on Sunday with state-run fuel retailers racing to catch up with current market rates after freezing pump prices for 19 days ahead of the Karnataka election.   "The Centre is sensitive towards the rising fuel prices. Various alternatives...

-The Hindu While consumers will be glad to see their fuel bills slashed by the advent of a favourable rate structure under the GST, State governments will have to contend with an erosion in tax revenue. At the time of writing, petrol was retailing at Rs.82.48/litre in Mumbai, roughly 62% more than the Rs.50.8/litre Pakistanis shell out for a tank of gas. This is despite the fact that crude oil prices are...