Finance Minister Pranab Mukherjee on Saturday ruled out dual pricing for diesel, which could have made the fuel expensive for passenger car owners.

"There are no proposals for introducing dual prici

The Prime Minister's Economic Advisory Council (PMEAC) chairman C. Rangarajan on Tuesday favoured decontrolling of diesel prices, saying retail petroleum prices must reflect the international crude pr

The government today 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.

The government a

Calling Friday’s hike in the prices of petroleum products as ‘modest’, finance minister Pranab Mukherjee expressed hope that state governments would reduce their taxes to provide relief to consumers.

The fuel price hike saw the government on Friday coming under fire from ally Trinamool Congress and political rivals BJP and Left parties which decided to hit the streets on the issue while AIADMK dem

Slamming the government for the fuel price hike, the Left parties on Saturday demanded its immediate rollback and asked their units to organise protest actions all over the country.

A panel of ministers may meet on June 9 to discuss raising prices of diesel, kerosene and cooking gas, an oil ministry source told reporters on Thursday.

"My expectation is that diesel, LPG (liquifie

Diesel demand will surge in India this summer as subsidies make it cheaper than fuel oil for burning in power plants and factories, potentially tightening distillate supplies in Asia if New Delhi does

The government may raise diesel prices by over 4 rupees a litre at a cabinet level ministerial panel meet on Wednesday, an oil ministry source told reporters on Tuesday.

The government may hike diesel and domestic LPG rates next week while an increase in petrol prices may happen later this week.

"The Empowered Group of Ministers (EGoM) headed by Finance Minister Pra