The fall in global oil prices has trimmed the losses of state-owned oil companies, but it may not be enough to prevent a Rs 4 per litre increase in diesel prices and a Rs 20-25 per cylinder hike in LPG rates later this month.
The government will provide private companies subsidy equivalent to that given to state retailing firms on LPG, petroleum secretary B K Chaturvedi said.
Congress, Samajwadi Party, Trinamool Congress, Bahujan Samaj Party and Left MPs stormed into the Well of the House, saying the people were being cheated.
Cooking gas distributors are threatening to go on strike on October 1, opposing the restriction on sale of subsidised cylinders.
The Bharatiya Janata Party on Saturday released its manifesto for the November 17 Madhya Pradesh elections promising MSP for wheat at Rs 2,700 per quintal and paddy at Rs 3,100 and houses for beneficiaries of the state's flagship scheme 'Ladli Bahna'.
In the manifesto released on Saturday, the Congress also promised unemployment allowance of Rs 3,000 per month, Rs 2,000 pension to divyangs, widows, senior citizens and needy women, and waiver of loans of up to Rs 3 lakh of all fishermen, among other things.
A week after the steep hike in petrol prices by Rs 5 a litre, the government on Monday said a ministerial panel is likely to meet in the next few days to take a decision on raising diesel, LPG and kerosene rates.
The government said on Tuesday that oil marketing companies are considering price revision of domestic LPG due to increase in international prices.\n\n\n\n
Financial assistance of Rs 25,000 to one lakh persons going on pilgrimage to major Hindu temples, increase in maternity leave period and assistance, cut in fuel prices and steps to ban National Eligibility cum Entrance Test (NEET) were the various promises made by the Dravidian party.
Experts say having an open fire in the kitchen is like burning 400 cigarettes an hour.
It also promised financial assistance of Rs 24,000 annually to all dependent widows and single mothers, two free LPG cylinders to all the beneficiaries of the PM Ujjwala Yojana and 24x7 power supply.
Ujjwala Yojana was launched on May 1, 2016 at Ballia district in Uttar Pradesh and has so far covered 47.3 million consumers in 715 districts
Cooking gas (LPG) dealers on Monday threatened to go on an indefinite strike from January 19 unless oil companies stop appointing new distributors.
A swift recovery in oil demand in India is not only helping the stability of the global market, it is giving huge fiscal headroom to the government in terms of additional excise duty.
'Once elected, you have to act like people's representative for the full five years or else people show you your place.'
In a relief to senior Indian Police Service (IPS) officer Sanjay Kundu, the Supreme Court on Friday set aside the Himachal Pradesh high court direction to remove him from the post of state Director General of Police over allegations that he tried to pressure a businessman who claimed to have received a threat to his life from his partners.
While LPG price was raised by Rs 18, kerosene saw a hike of Rs 3 per litre
Dominic Xavier offers his take on the third increase in the LPG rate since May and the fourth this year.
LPG prices will go up by Rs five per cylinder every month with the government on Tuesday saying there is no roll-back in the decision.
Under-realisation on selling domestic LPG and kerosene through public distribution system is likely to be around Rs 50,000 crore (Rs 500 billion) during the current fiscal, Petroleum Minister Murli Deora said on Monday.
It could become a giant leap towards lasting reform if the experiment in direct benefit transfers for cooking gas subsidies pans out.
Demanding a roll back of the hike in cooking gas price, that was increased by Rs 20 per cylinder yesterday, CPI (M) said the Centre's decision not to touch import duties on petroleum products will lead to an "anomalous" situation.
Cooking gas price was on Saturday hiked by Rs 11.42 per cylinder following government decision to raise commission paid to the dealers.
Underrecovery from sensitive petroleum products seen at Rs 1,55,000 cr in current fiscal.
A police release in Coimbatore said a case has been registered in the Ukkadam police station over the incident.
In a unique protest against fuel price hike, West Bengal Chief Minister Mamata Banerjee on Thursday rode pillion on an electric scooter to state secretariat Nabanna.
The BJP also promised Rs 25,000 to girls from economically weaker sections under the 'Rani Gaidinliu Nupi Maheiroi Singi Scheme' if voted back to power.
This will pave the way for emergence of 24,000 new panchayat-level leaders in Telangana, he said.
Rinku Singh stole the show with as he guided Kolkata Knight Riders to a thrilling three-wicket win over Gujarat Titans in Ahmedabad on Sunday.
The activist Birinchi Bora drove into the venue of the street play dramatically in a motorcycle with another actor dressed as Goddess Parvati for their play on Saturday which had several Hindutva outfits up in arms demanding their arrest.
Gujarat voters, spoilt for choice, are eagerly waiting to see what the BJP will offer them.
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.
The top court observed that even in reserve forests, there are no concrete roads and the safari vehicles ply on forest roads.
The submissions were made in an affidavit filed in response to a batch of pleas challenging the Centre's 2016 demonetisation decision.
Referring to long-pending insurance bill, he said "we are on the verge" of opening the sector a little more.
The report of the National Bomb Data Centre, under the National Security Guard, differs from that of the State Forensic Science Laboratory, Junga, and the police investigation according to which a gas leak had caused the blast.
The Indian Oil Corporation has taken a hit of about Rs 1,000 crore (Rs 10 billion) in the first quarter of the current fiscal on selling subsidised LPG and Kerosene below the cost.
A decision on raising diesel prices by Rs 3-5 per litre, kerosene by Rs 2 and LPG by up to Rs 50 per cylinder will be taken after UPA Chairperson Sonia Gandhi returns from US, top government officials said.
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