-The Hindustan Times Indian households, already paying more for food, could see prices remain high because of a likely fall in farm output, despite an abating drought. Although the monsoon has improved to be only 8% below average until September 12, production of pulses, cereals and sugar is likely to decline from last year's levels, when India posted a record harvest. "Although stocks are plentiful now, prices remain a real cause of concern...
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Price of diesel hiked by Rs 5, subsidized LPG restricted to 6 cylinders a year per family
-The Times of India The government on Thursday approved a steep hike on diesel price in a politically risky move to rein in the fiscal deficit. The cabinet committee on political affairs approved the hike in a meeting at the Prime Minister's residence. The price of diesel is hiked by Rs 5. However, the price of PDS kerosene and petrol were left unchanged. The panel also restricted the number of subsidized LPG...
More »Congress not in favour of a petrol price hike soon: Sources
-NDTV The Congress is not in favour of a petrol price hike anytime soon, sources have told NDTV. The party's core group met this evening and discussed the issue, sources said. Oil Minister Jaipal Reddy, who is not a part of the core group, was also present at the meeting. Just a few hours, before the meet, Mr Reddy had said the "painful duty" of a hike in fuel prices cannot be...
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...
More »New gas cylinders to be available only after strict checks- Rajeev Jayaswal
-The Economic Times Cooking gas dealers will no longer be able to enroll new customers as the government has centralised the process and asked the state firms to approve fresh applications after verifying that the applicant does not have multiple connections from different agencies. "Customers can submit applications for a new connection to a local distributor with valid documents but it will only be processed and approved by oil companies after verification...
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