Last week’s about Re 1 a litre hike in diesel prices will help state-owned retailers to cut losses they make on selling the fuel at government controlled rates, Moody’ Investors Service said today.

Railway minister Pawan Kumar Bansal today ruled out any further hike in freight tariff after the latest increase in diesel price by Rs 1 for bulk consumers.

Expect a popular backlash if the government raises diesel prices to halt the subsidy drain on its finances - not only from the millions of poor who need cheap fuel but from increasing numbers of the w

Country's largest carmaker Maruti Suzuki India has hiked prices of its diesel cars by up to Rs10,000 with effect from on Monday on account of higher input costs and appreciation of Japanese yen.

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