The government has decided to cut prices of fuel oil by eight to ten percent, which is likely to come into effect sometime next week, according to energy ministry officials.
A proposal will soon be sent to the chief adviser (CA) to the caretaker government seeking his approval for the price cut.
While the world is talking about scope of biofuel in combating soaring oil prices, a youth of Palpa district ran a motorcycle using oil he refined from pine resin as fuel on Sunday.
Keshav Karki, a resident of Jarepipal, collected resin produced by pine trees and refined into oil through steam distillation.
According to recent statistics, U.S. motorists have responded to record-high prices at the pump by driving less. Any hope that this cutback will significantly restrain global oil prices is misplaced, however: fundamental factors of supply and demand in the world economy will keep oil costly for years to come. The hope that a cutback in driving by U.S.
The government on Monday reduced petrol prices by Rs 5 per litre and revised diesel and kerosene prices upward by Rs 3.50 a litre. A formal notification of the new oil prices was issued by Oil and Gas Regulatory Authority (Ogra) late Monday night. The changed prices will be effective from September 16.
land compensation Tikait arrested Bhartiya Kisan Union leader Mahendra Singh Tikait was arrested in Ghaziabad on August 18. He was on his way to lend support to a farmers
Fuel economy: turf war or guerrilla ambush It can get as bad as not having any money left to buy oil. Increased oil demand from rapidly growing cars can make it worse. Yet there is no sign of official agreement on who must take the lead to draft fuel economy regulations for cars to get more miles out of a litre of fuel burnt. When the push for these regulations came about two years ago from