-The Times of India NEW DELHI: State-run oil biggies are to tap solar power to light up the lives of one million school-going kids and help them shine in academics. The companies are to provide solar home lighting systems so the children can study after dark without suffering the heat and toxic fumes of kerosene lamps. The project is to be implemented in districts with high consumption of kerosene on "area...
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LPG price hiked by Rs 3.46 per cylinder due to increase in dealers' commission
-The Indian Express The price of LPG has been hiked by Rs 3.46 per cylinder because of the the increase in the commission of the dealers. The hikes comes after the government accepted a recommendation for increasing the commission paid to dealers by over 9 per cent. The Petroleum Planning and Analysis Cell, the fuel pricing arm of the Oil Ministry, had recommended raising the commission paid to dealers by Rs 3.46...
More »62% petrol used by two-wheelers, 27% by cars, survey shows -Sanjay Dutta
-The Times of India NEW DELHI: The government touted petrol as rich man's fuel to stop subsidy. But a latest survey shows 62% of the fuel flowing into the market is consumed by the aam aadmi's sawari - two-wheelers - while about 2% is being sold loose by people to earn their livelihood in remote villages and coastal areas. The survey, conducted by Nielsen for the oil ministry's think-tank - Petroleum...
More »Oil subsidy expected to balloon-Shine Jacob
-The Business Standard Under-recovery estimated to touch Rs 1.5 lakh cr in FY14 due to rising crude oil prices & falling rupee The fall in the rupee to a new low this week has made the government jittery, as the under-recovery on petroleum products is threatening to touch Rs 150,000 crore in 2013-14, despite phased diesel decontrol and capping of subsidised cooking gas cylinders. According to the petroleum ministry's estimates, for every rupee...
More »Petrol to cost Rs 5 more this weekend; diesel, cooking gas to follow soon-Piyush Pandey
-The Times of India State-owned oil marketing companies (OMCs) are all set to increase price of petrol by Rs 5 a litre with effect from Saturday, while the prices of diesel, cooking gas and kerosene will be increased next week once Congress president Sonia Gandhi returns after her medical checkup on September 10. A cabinet note on increasing the prices of sensitive petroleum products like diesel, cooking gas and kerosene has already...
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