Diesel to cost Rs 2 per litre more, but there will be no increase in LPG and kerosene prices.
Sri Lanka on Tuesday deployed military personnel at State-run petrol pumps to monitor and manage fuel distribution amidst a shortage that led to serpentine queues of consumers outside filling stations.
Indian Oil Corporation on Monday said there was no shortage of LPG even as it claimed it was checking against diversion of cooking gas for unauthorised use.
Priyanka Gandhi urged people to stand with the farmers' struggle and to take the movement to the villages.
Notwithstanding its divestment setback, Hindustan Petroleum Corporation Ltd is planning to enter the exploration segment and foray into the markets of Sri Lanka and Bangladesh.
The government on Monday decided to hike petrol price by Rs 4 a litre and diesel by Rs 2 per litre
Sri Lankan police on Monday came under pressure to arrest the Rajapaksa family loyalists involved in attacks on peaceful protesters last week, even as it arrested over 200 people on various charges following the violence that left nine people dead.
The government is likely to decide this week on a hike of Rs 2 to Rs 3 a litre in the prices of petrol and diesel, but spare kerosene and cooking gas prices from any increase.
The petroleum ministry has said that fuel prices should go up by Rs 10.43 a litre and cooking gas price by Rs 114.45 per cylinder, with the Left parties opposing the move.
Amid a war between Russia and Ukraine, Prime Minister Narendra Modi on Thursday said India's several needs are connected to the involved countries but it is on the side of peace and hopes that all problems get resolved through dialogue.
Petroleum Minister Mani Shankar Aiyar on Monday remained non-committal on rolling back the hike in petrol, diesel and cooking gas prices saying the demands for revisiting the decision could only be considered after the Prime Minister returns from The
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Reliance Industries Ltd plans to invest over Rs 5,000 crore in setting up City Gas Distribution projects in eight cities in Maharashtra and Andhra Pradesh for supply of natural gas to households, industries and automobiles.
State-run oil firms have stopped issuing new domestic cooking gas connections in view of the surge in steel prices, which increases the manufacturing cost of cylinders.
Sri Lanka has also imposed a police curfew in Western Province for six hours.
The rise in petro-product prices have been necessitated by rising global costs of petroleum and the fact that the price of petrol and diesel has not been increased in India since January 2004.
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In Mumbai, jet fuel costs Rs 71,940.36 per kl as against Rs 73,306.89 per kl previously, IOC said.
Inflation touched 5.48 per cent for the week ended April 9, mainly due to costlier vegetables, fruits, cooking gas and edible oils.
In line with the Centre's expectation of a benign price level, inflation fell further to 5.11 per cent in the penultimate week of 2004-05 fiscal, but was higher than 4.53 per cent a year-ago.
Petroleum Minister Ram Naik said there was no shortage of domestic cooking gas in the country, as imports made up for the shortfall in LPG output arising out of the shutdown of a crucial unit in the Jamnagar refinery of Reliance Industries Ltd.
India will import five additional cargoes of LPG in November to meet the shortfall in domestic cooking gas created due to the unplanned shutdown of a crucial unit of Reliance Industries Ltd's Jamnagar refinery.
Indian Oil Corporation, the country's largest oil firm, has sought an increase in price of domestic cooking gas LPG by over Rs 103 per cylinder and PDS kerosene by Rs 7.5 a litre, in view of rise in cost of raw material.
Public sector oil companies are likely to incur a loss of Rs 50,000 crore (Rs 500 billion) in the current fiscal on selling fuel below cost, Indian Oil Corporation chairman Sarthak Behuria said on Tuesday.
Over 3,000 people were stranded after the Jammu-Kishtwar National Highway was closed following a massive landslide at Karara, 25 km from Doda.
Petroleum Minister Ram Naik Friday indicated that prices of domestic cooking gas may be hiked before the Budget to check growing subsidies but said consumer interest will be kept in mind while taking any such decision.
The government on Tuesday hiked the prices of petrol by Rs 2 per litre and diesel by Re 1 per litre, besides raising domestic cooking gas LPG prices by Rs 20 a cylinder in Delhi.
The Union government is likely to cut import duties on diesel, kerosene and cooking gas to cushion the impact of high international crude oil prices on the domestic market.
Government gives 3 months, starting June, for the 20 districts to be covered under its direct benefits transfer scheme.
The move is aimed at preventing masses from gathering in Colombo to protest the government's failure to provide relief to the public suffering from shortages of food, essentials, fuel and medicine amidst hours-long power cuts, the Colombo Page newspaper reported.
The fact that Gehlot has stayed relevant these five years with his populist schemes is one reason why he may beat incumbency in a state that votes for change every election, observes Ramesh Menon.
Scores of Punjab farmers protesting against the government over various issues, including a bonus on wheat and beginning paddy sowing from June 10, spent the night on the road after they were stopped from marching towards Chandigarh.
Moily insisted that no proposal has been moved to the Cabinet for raising diesel rates beyond the 40-50 paise a litre monthly increase, which has been implemented since January.
BJP president J P Nadda on Sunday promised Uniform Civil Code (UCC) and 33 per cent reservation for women in government jobs in Himachal Pradesh while releasing the party's manifesto for the state assembly polls.
President Gotabaya Rajapaksa, who is currently facing public demand for his resignation over his mishandling of the economic crisis, is the man who ruthlessly ended Sri Lanka's nearly 30-year civil war with the LTTE with the death of its supremo Velupillai Prabhakaran in 2009.
Domestic LPG prices may go up by Rs 22-25 per cylinder this week as oil companies push for a hike in retail selling price in view of Budget 2003-04 lowering subsidy provision for cooking gas and PDS kerosene.
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