There will be corresponding price revisions on petrol and diesel in other states on account of change in dealer commission
Targeting Modi over inflation, Priyanka called him a "mehengai" man.
A weak monsoon and the subsequent shortage of electricity has pushed Bangalore into an unprecedented fuel crisis.
There's issue related to the Glow Plug Module.
The government-appointed Kirit Parikh committee suggested an 'immediately' hike prices of diesel by Rs 5 a litre, Rs 4 per litre in kerosene and Rs 250 per cylinder in LPG, reduce annual entitlement of subsidised cooking gas cylinder from six from nine and phase out diesel subsidy in one year to cut a record subsidy burden.
The new prices are effective from Sunday midnight.
The world's largest carmaker, Toyota, is evaluating options to introduce a diesel version of its small car to be launched in the Indian market by 2011.
In response to challenge from new diesel models in India's premium mid-size sedan car segment, Honda is developing a diesel engine for Honda City.
In a bid to minimise the impact of recent fuel price hike on consumers, the Maharashtra government on Wednesday reduced Value Added Tax (VAT) on diesel and kerosene by two per cent.
Volkswagen did not name a successor, but said proposals on management appointments would be made to a full board meeting on Friday.
Petrol price was on Friday hiked by 75 paisa a litre and diesel by 50 paisa with effect from midnight tonight.
The hikes, effective from midnight tonight, are excluding state sales tax or VAT and actual increase will be higher and will vary from city to city
The company is engaged in developing diesel engines back in Japan.
In January this year, with a view to cutting the subsidy on diesel, the government had decreed that all bulk users, such as the railways, state transport corporations, armed forces and all commercial establishments, would be charged the market price for diesel.
The expert group was tasked to suggest a methodology for pricing of diesel and cooking fuel.
India's policy to subsidise retail prices of fuels such as diesel, which accounts for about 40 per cent of refined fuel consumption, is a major drain on the budget.
With the government planning to start 20 per cent blending of bio-diesel with diesel, Indian oil companies are fast firming up their bio-diesel ventures.
The fuel efficiency claim of this engine will be clode to 30 km/ltr.
It also demanded increasing the number of liquefied petroleum gas cylinders per family to 12, instead of nine as decided by the government on Thursday.
The offer covers the Ritz, Swift, Swift Dzire and Ertiga, and is valid until May 24.
Petrol price hiked by 60 paise per litre, diesel by 50 paise.
Indian Oil Corporation Ltd will start manufacturing fuel used in F1 racing in three months' time.
Decrying the hike in diesel prices as "unjustified" action, Tamil Nadu Chief Minister J Jayalalithaa on Tuesday demanded its roll back and withdrawal of powers granted to oil companies to regulate fuel prices.
The government on Thursday hiked petrol and diesel prices by a marginal Rs 0.27 a litre and Rs 0.15 per litre respectively following increase in the commission paid to petrol pump dealers.
There is no proposal on the anvil for an increase in prices of diesel, Reddy told reporters after taking charge of the new ministry.
State-owned fuel retailers, who control 95 per cent of the petrol pump sales, sell diesel at government-fixed rates, which are way lower than the cost of production.
India has asked bulk buyers to pay market rates for diesel since last January and has also been raising the price of subsidised diesel in small amounts every month in an effort to cut its ballooning fuel subsidies.
Fiat India on Friday launched diesel versions of its compact car Palio and station wagon Adventure in a bid to achieve a nearly 31 per cent rise in sales at 42,000 cars this year.\n\n
The government should act quickly to raise diesel rates to bring them in line with global prices in order to reduce its subsidy bill, Prime Minister's Economic Advisory Council Chairman C Ranagarajan has said.
The increase in rates announced by oil firms is excluding state levies and the actual hike will be higher.
According to Oil Ministry sources, price hike of diesel is being considered as the government scrambles to find ways to meet an unprecedented Rs 160,000 crore (Rs 1,600 billion) deficit expected this fiscal on selling diesel, cooking gas and kerosene below their production cost.
The government on June 25 deregulated petrol price and said the same for diesel will be done soon. But with inflation rate continuing to remain at unmanageable levels, the government put-off the decision as any further hike in diesel price would lead to cascading effect.
Positioned in the same category as Octavia, the Optra diesel version is competitively priced in the range of Rs 8.73 lakh and Rs 9.99 lakh (ex-showroom Delhi), while the latter is being sold in the range of Rs 11.35 lakh to Rs 14 lakh.
The Maruti Celerio diesel is a peppy car to drive with the right ergonomics.
Already, the government's resources are strained due to various fiscal stimulus and the Survey has separately noted that high growth environment creates scope for partial rollback of these stimuli.
The government had, on June 25, freed petrol price from its control resulting in a hike of Rs 3.50 per litre.
The country has fully switched over to cleaner Euro-III and Euro-IV petrol and diesel as of Wednesday and well ahead of the October one deadline, Minister of State for Petroleum Jitin Prasada said on Thursday.
'In April, we saw a 10 per cent growth in our own volumes.'
Amid rising petrol prices, two-wheeler makers such as Mahindra & Mahindra, TVS Motors, Hero MotoCorp and Bajaj Auto are stepping up research to develop engines run on diesel or other fuels.
Share of diesel vehicles has been on the rise in the overall vehicle sales in the country.
