The Union government today filed a fresh affidavit in the Bombay High Court, which is hearing a dispute over supply of gas from Krishna Godavari (KG) basin, stating that any sale price less than $ 4.2 per mmBtu is not compatible with decisions taken by a ministerial panel.

Rakteem Katakey / New Delhi November 15, 2008, 0:19 IST

After reporting losses in excess of Rs 12,000 crore in the July-September quarter, state-run refiners are likely to make marginal profits in the three months up to December 2008 as crude oil prices have plunged to 22-month lows of below $50 per barrel, five analysts tracking the companies said.

Pakistan reports more polio cases: Pakistan reported four polio cases just two days after the much-publicized anti-polio campaign concluded on October 16. Three polio victims are from Punjab and one from the North West Frontier Province. These cases take the number of children incapacitated by the disease this year to 81. Five cases of polio surfaced in the capital city Islamabad, seven in the

Sandeep Dikshit
ON BOARD THE PM

CHANDIGARH

The empowered committee of state finance ministers has expressed unanimous indignation over the inexplicable delay in the reduction of petrol, diesel and LPG rates despite the substantial correction in international crude oil prices.

BS Reporters / New Delhi November 01, 2008, 0:27 IST

State-owned oil marketing companies today cut aviation turbine fuel (ATF) prices by 16 per cent, while the government abolished the 5 per cent Customs duty on the fuel. This will help the airlines cut their fuel bill by another 3-4 per cent.

Bloomberg / Singapore October 31, 2008, 0:46 IST

Sujay Mehdudia
NEW DELHI: Even as Petroleum and Natural Gas Minister Murli Deora on Thursday sought an increase in the quantum of oil bonds issued to oil marketing companies, the government seemed to be indecisive on re-visiting fuel prices despite the Indian basket averaging around $58.93 a barrel.