The status of the current submarine force level is alarming and we need to address the threat perceptions expeditiously. Critical decisions pertaining to national security cannot be delayed any further due to the rapidly changing maritime threat perceptions and growing strategic importance of the Indian Ocean region, asserts Commodore Venugopal Menon (retd).
Petrol price was on Monday hiked by Rs 2.19 a litre and diesel by 98 paise per litre.
Drivers of commercial vehicles, including trucks and tankers, stopped work in several states on Monday and blocked roads at some places to protest against the provision in the new penal law regarding hit-and-run accident cases involving motorists.
This is the third reduction in rates this month
The National Green Tribunal has stayed ban on diesel car for two weeks.
Six non-BJP ruled states -- West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand -- have not reduced the VAT on petroleum products, leading to higher prices of petrol and diesel there, Petroleum Minister Hardeep Singh Puri said on Thursday. Puri said in Lok Sabha that the central government has reduced excise duty on petroleum products and some other states, following cues, reduced their Value Added Tax (VAT). Six states -- West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand -- have not reduced the VAT, he said amidst vocal protests by the opposition members.
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Trinamool Congress, a key constituent of the United Progressive Alliance, on Thursday opposed the hike in diesel prices, saying it was not consulted about the step and demanded its rollback. "We were not consulted for this and we are unhappy with the decision to hike diesel prices," said Railway Minister Mukul Roy.
Major carmakers like Maruti Suzuki and Honda did not have diesel technology and it is in the last 3-4 years that they invested in diesel vehicles owing to shift in demand towards such models
Diesel and cooking gas (LPG) prices are unlikely to be hiked even after the end of the Monsoon Session of Parliament next week as the government is wary of taking such a decision at a time when it already has political battles on hand.
PSUs to wait and watch, IndianOil says losing Rs 1.37 on every litre of petrol.
The fall in international oil prices had resulted in six consecutive reduction in petrol prices since August and two in diesel in the last one month and there was possibility of another round of cuts this weekend.
Another factor that works in favour of diesel cars is its 'full-size' mileage, which falls easy on wallet.
This is the fourth increase in auto fuel prices since May 1
The government on Wednesday hiked the prices of petrol, diesel and LPG by Rs 5, Rs 3 and Rs 50 respectively.
The government has asked SIAM members, to provide fresh data which will provide an indication about the diesel vehicle demand in the country.
The government freed diesel pricing last October, providing a level playing field to private companies like Reliance and Essar Oil.
Since end-May there has been volatility in the foreign exchange market.
Ahead of assembly polls in states like Rajasthan and Delhi, Oil Minister M Veerappa Moily on Tuesday said his ministry is mulling withdrawing the order that made it mandatory for state public transport utilities to buy diesel at market price.
Manufacturers that mainly sell diesel cars like Mahindra & Mahindra, Tata Motors, Toyota, Mercedes, BMW and Volkswagen anticipate a significant fall in sales if the government accepts the Parikh committee's recommendation of a flat tax of Rs 80,000 on diesel cars, because of a widening cost differential with petrol variants.
State-owned Indian Oil Corp wants diesel prices to be freed from government control before its twin follow-on public offersto raise maximum funds, company Chairman B M Bansal said on Monday.
Oil Ministry felt it did not have a clear mandate to reduce rates post the January 2013 decision of the Cabinet to raise prices by 40-50 paisa a litre every month.
IOC said the movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely
The Maharashtra government has reduced sales tax on diesel from 34 per cent to 25 per cent.
Tata Motors will launch a diesel-powered version of its ultra-cheap Nano by the end of March 2014, its managing director said, hoping to kick-start demand for the model after years of disappointing sales.
The decision to decrease VAT on diesel from 20 per cent to 12.5 per cent was taken at a cabinet meeting today presided over by Chief Minister Sheila Dikshit.
The company said despite the recession in global markets, it has invested over Euro 3 billion (Rs 20,000 crore) in 2009 particularly in developing technologies for the low- priced vehicles to improve fuel efficiency.
Buoyed by the peace initiatives between the two countries, Pakistan on Tuesday expressed willingness to import diesel from India.
Under-recovery or revenue loss on diesel has risen to Rs 10.48 per litre from Rs 9.99 a litre in the first fortnight of December, an official statement said in New Delhi.
Move likely to be rolled back atleast for state transport undertakings
The movement of prices in the international oil market and rupee-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes
Non-release of the film in West Bengal and a late release in Tamil Nadu has resulted in a loss of at least Rs 10 crore-Rs 15 crore and that's the margin by which it would stay under the lifetime total of The Kashmir Files eventually.
"There is no immediate plan to decontrol diesel or LPG as they have cascading effect (on general prices)," Minister of State for Petroleum and Natural Gas R P N Singh told reporters in New Delhi.
After a spike, losses on sale of diesel have fallen by nearly a rupee to Rs 2.49 per litre as international oil rates have moderated.
Diesel likely to get cheaper in New Delhi
Generally, there is a price difference of around Rs 100,000 between petrol and diesel cars.
The Supreme Court on Tuesday upheld a December ruling that temporarily banned the sale of large diesel cars in New Delhi to combat toxic smog in India's capital.
Petrol price had been cut 10 times since August 2014.
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