-The Hindustan Times In a first sign of dissent within the UPA government over the recent Rs. 7 hike in petrol prices, defence minister AK Antony on Tuesday said it was “not a correct step”. Antony's remarks came soon after he landed at Neyyattinkara in Kerala to campaign for Congress candidate R Selvaraj for the June 2 assembly by-elections. “The hike in petrol price was not a correct step. The oil companies should...
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High Court issues notices to Centre on PIL against petrol price hike
-MoneyLife.in Citing lack of uniformity in the prices of petrol, the petitioner said that in Thane, the price per litre is Rs81.70, while it is as low as Rs58.06 in Port Blair, Rs81.75 per litre in Bengaluru and Rs73.18 in Delhi The Bombay High Court on Monday issued notices to Centre, Ministry of Petroleum and Natural Gas and Finance Secretary, besides three oil marketing companies on a public interest litigation (PIL), which...
More »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...
More »PM’s economic advisory council chief C Rangarajan hints at diesel, LPG price hike-Pradeep Thakur
C Rangarajan, chairman of the PM's economic advisory council, on Friday hinted at price corrections in both diesel and cooking gas over the next few months to send a strong signal to foreign investors and to ensure adequate capital flows. "I think it is necessary to act on prices of other Petroleum products also," he told TOI. Rangarajan, a former RBI governor, said there was a proposal on dual pricing...
More »Govt to provide direct subsidy on kerosene
-PTI Government today said it planned to provide direct subsidy to beneficiaries of kerosene oil and a pilot project in this regard in Alwar district of Rajasthan was yielding good results. "Direct subsidy on kerosene is planned in future ... We have to move towards it. It will be done using UID cards... We are benefiting from the pilot project," minister of state for petroleum and natural gas RPN Singh said in...
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