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High subsidies on LPG, kerosene to remain a challenge: ICRA

With diesel price deregulation likely at some point this fiscal, high subsidies on LPG and kerosene will continue to be a major challenge, Icra Research said today. With the BJP-led government continuing with the previous government's decision of raising diesel ...

Diesel prices maybe hiked as OMCs face under recoveries

Diesel prices are set to be hiked by Rs 3 at the very least and Rs 5 maximum, that is likely to accelerate inflation and hit consumers. According to a Reuters report the timing and the quantum of the hike ...

Diesel under-recovery rises sharply to Rs 10.22

The under-recovery on High Speed Diesel (HSD) has risen sharply to Rs 10.22 per/litre. It was Rs 9.29 per litre during 1st July fortnight of July 2013. Oil Marketing Companies are thus bearing significant losses on diesel under recoveries, thanks ...

Petrol price shoots up again: Another blow to a common man!

High inflation, high interest rates and yet another shock to a common man! State-owned oil companies raised petrol price by Rs 1.80 per litre with effect from Thursday midnight. This is the second hike in less than two months and fifth ...