Raise diesel prices or else face a situation similar to the recent grid failure which led to complete blackout across 20 states for hours, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Friday.
Say this isn't the time to levy taxes, as industry is already struggling with slowing sales and rising costs; CBEC asks for supporting data.
The Indian Railways is ready to provide the technology to extract bio diesel from Jetropha and Neem free of cost to any entrepreneur.
About 45 per cent of car sales since October have been diesel, but the capacity has been constrained.
The domestic car market, which sees sales of almost one diesel car for every petrol car sold, will see demand for diesel-powered cars to hit the roof.
The labourers have been trapped since Sunday morning when a part of the tunnel collapsed following a landslide.
"Petroleum Ministry has moved a Cabinet note for raising fuel prices but a decision will depend on what allies of the ruling alliance say," an official said.
The government on Friday decontrolled petroleum prices to bring fuel costs in line with global oil rates after an Empowered Group of Ministers, headed by Finance Minister Pranab Mukherjee, met for the second time in less than three weeks to decide on raising fuel prices. Railway Minister Mamata Banerjee was absent again.
Petrol engines development has progressed well over the years and many of the current cars in India give a good mileage though they have to yet catch up with the fuel efficiency of diesel cars. Here we look most fuel-efficient petrol cars.
A new formula for pricing natural gas in the domestic market was determined; the decontrol of diesel prices was announced; and the scheme that directly transferred subsidies to bank accounts of users of liquefied petroleum gas (LPG) cylinders was modified and relaunched.
The Ministry of Petroleum and Natural Gas is demanding an increase in excise duty on diesel cars with a view to discouraging consumption of subsidised fuel by personal vehicle owners.
Supreme Court slaps temporary ban on luxury diesel car sales in Delhi.
An improvement in the wind speed November 21 onwards might bring air pollution levels down.
The petroleum ministry's call for an immediate Re 1 cut in excise duty on diesel has been rejected by Finance Minister P Chidambaram.
Maharashtra govt has announced an 80 paise cut in the price of petrol and a 30 paise cut in the price of diesel.
Delhi Police on Wednesday impounded around 100 vehicles in compliance with the National Green Tribunal's order putting a ban on plying of diesel-run vehicles of more than 10 years old in the national capital.
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
Brent crude oil prices have risen to about $116 a barrel from about $103 a barrel on July 1.
Petroleum Minister Murli Deora on Tuesday sought a Re 1 per litre cut in excise duty on diesel to contain runaway inflation.
The Congress government had always tried to deal blow to poors, the Bihar Chief Minister said, adding the price of petrol would also increase inflation and it will add to the people's misery.
Here is the timeline of the disaster and the rescue efforts that followed.
Petrol and diesel prices in the national capital have been raised marginally following the state government's decision to levy sales tax on the two auto fuels.
Indian exporters shipping goods to Israel may face higher insurance premiums and shipping costs due to the Israel-Hamas conflict, according to experts. Israel witnessed a surprise and unprecedented multifront attack by air, land and sea by the Hamas militant group, which rules the Gaza Strip, in its southern parts on Saturday morning. The International trade experts said the conflict may reduce the profits of domestic exporters but will not impact trade volumes unless war escalates.
Land Rover on Tuesday said its first diesel hybrid sports utility vehicle will hit the roads by 2013 for which testing of the prototype named 'range e' will start this year-end.
Terming the calls for imposing additional tax on diesel vehicles as "retrograde", homegrown auto major Mahindra & Mahindra today said such a move will only further impede growth of the industry which has had a difficult year in 2011.
Retail inflation declined to 6.83 per cent in August after touching a 15-month high of 7.44 per cent in July, mainly due to softening prices of vegetables, but still remains above the Reserve Bank's comfort zone. The overall inflation in the food basket stood at 9.94 per cent in August as against 11.51 per cent in July, according to data released by the National Statistical Office (NSO) on Tuesday. Retail inflation based on the Consumer Price Index (CPI) was at 7 per cent in August 2022.
Aiming to cash in on the growing demand for diesel cars, market leader Maruti Udyog on Wednesday launched two diesel variants of its premium hatchback 'Swift' and said it plans to launch two more models next fiscal.
MSIL, India's biggest car maker, said it was in advanced talks with Fiat to ink a diesel engine sourcing contract that would allow it to rapidly increase diesel model supplies into the market.
Hardening prices of manufactured items during the month may refrain the Reserve Bank of India from cutting rates in its policy review on February 8.
It's going to be an 800cc twin cylinder diesel engine with a rated power of 40.2 bhp.
The proposed move would lead to dismantling of the administered price mechanism.
Taking a hard line against plying of polluting diesel vehicles within the airport, the Delhi government has warned airline companies, including public sector Indian and private carriers Jet and Sahara, to convert their vehicles to CNG or face action
Petrol price was cut by Rs 2.43 per litre and diesel by Rs 3.60 a litre, the third reduction in rates this month.
Hyundai Motor India Ltd on Wednesday launched a new automatic variant of its diesel powered luxury sedan Sonata Embera CRDi, priced at Rs 15,71,656 (ex-showroom Delhi).
Petrol prices were on Wednesday hiked by Rs 3.07.
Petrol price was on Tuesday hiked by Rs 2.58 a litre and diesel by Rs 2.26 per litre, the second increase in rates this month.
Petrol price was on Wednesday hiked by a steep Rs 3.38 per litre and diesel by Rs 2.67 a litre, reversing a two-month declining trend.
Govt had raised excise duty on petrol and diesel on Nov 12.
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