NEW DELHI: Criticising the government for

Although in favour of permitting partial deregulation of petrol and diesel pricing, Prime Minister Manmohan Singh today went with the Congress party decision to keep retail prices under check with the increase in petrol limited to Rs 4 per litre and diesel, Rs 2 per litre.

New Delhi: The government may increase the price of petrol by Rs 2 a litre and that of diesel by Re 1 per litre unless excise duty on the two fuels are cut to neutralise the impact of firming international oil rates.

New Delhi: Congress may have been voted to office thrice in a row but Delhi government

Price hike required immediately, say executives.

Murli DeoraThe continued rally in international oil prices has turned diesel margins red. Oil companies are losing Rs 2.96 on sale of every litre of diesel sold in the fortnight beginning June 16. Diesel accounts for 39 per cent of total petroleum product consumption in the country.

Petrol prices may be raised by about Rs 2 per litre and diesel rates cut by Rs 0.30 a litre if a proposal to free auto fuel prices from state control is approved by the incoming Cabinet.

The petroleum ministry has prepared a draft Cabinet note on freeing petrol and diesel prices from government control, after which they will be linked to international movements.

China said on Monday it will boost state reserves of refined fuels, its first official plan to expand beyond its crude reserves, and help cut high inventories held by oil companies.

In the tense debate between energy security and environmental sustainability, Canada

Amitav Ranjan

New Delhi: Even before the new government takes shape, the petroleum ministry is ready with a proposal to decontrol pricing of petrol, diesel, kerosene and LPG. The

Diesel-run vehicle owners seemed to be losing interest in converting engines into CNG (Compressed Natural Gas), which poses a major setback for some 138 conversion workshops in the country.

The Tk 2,000 crore industry is now running under-utilized with eventual threat of becoming sick. The petrol-run vehicle owners, however, still find converting engines to CNG cost effective.