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.

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

Sujay Mehdudia

NEW DELHI: Union Petroleum Secretary R. S. Pandey on Wednesday announced that the Government was planning to levy a cess on natural gas to generate funds to put in place necessary infrastructure for building a national gas highway network across the country.

To get priority over petrochemical and power projects in gas supply.

The government has promoted the city gas distribution (CGD) project, for which the first round of authorisation is underway, to the second spot in its priority list for gas utlilisation. The first spot is held by the fertiliser sector.

13 Jan 2009, 0242 hrs IST, ET Bureau

NEW DELHI: Petroleum Minister Murli Deora said on Monday there is a need to maintain a 5.8% annual growth rate of primary energy supply to
sustain 9% economic growth for 25 years.

Sujay Mehdudia

NEW DELHI: Petroleum and Natural Gas Minister Murli Deora on Friday said that he had sought big time participation of Indian companies in the Russian oil and gas fields, particularly in East Siberia, and had expressed interest in importing liquefied natural gas (LNG) from Moscow to meet its ever growing energy needs.

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.

The Petroleum and Natural Gas Regulatory Board was established in 2007. But what is the policy of regulation in this sector? What are the entities involved? How do they function? How can they be efficiently regulated?

Jeddah: Finance minister P Chidambaram on Sunday made a case for oil producing nations to step up output and regulate prices failing which developing nations stood to lose their hard-earned

Govt Tries Balancing Act To Protect Consumers And Burdened Oil Companies Rajeev Jayaswal NEW DELHI THE government is working on a dual strategy of fuel price hikes coupled with duty cuts to shield consumers and cash-strapped oil companies.