In what is being tipped as the largest FDI into India, UK

DIGBOI, Feb 15

Oil and gas service companies injected tens of millions of gallons of diesel fuel into onshore wells in more than a dozen states from 2005 to 2009, Congressional investigators have charged.

As crude oil prices continue to rise, diesel price reform becomes even more essential. At stake is the longterm sustainable development of India. While the case for deregulation appears strong, diesel price control imposes many costs on our country.

The current diesel subsidy of about Rs 7 per litre costs state-run oil companies over Rs 125 crore a day.

While the government is still to take any action over the 2006 ASSOCHAM report, private companies say they cannot do much and regulating kerosene or stopping the adulteration is the government

Sale of ethanol-blended petrol has turned more profitable for the oil marketing companies (OMCs) with the recent increase in petrol prices. Their margin on a litre of ethanol has moved up from Rs 7.90 per litre to Rs 12.43 since November when blending was reintroduced.

This also helps the OMCs

While the consumers are unhappy with the regular price rises in petrol and the Oil Marketing Companies (OMCs)

It's time the petroleum ministry faced the challenges of oil pricing reforms, instead of hiding behind the oil firms
A K Bhattacharya / New Delhi January 18, 2011, 0:14 IST

A quick estimate suggests that international crude oil prices for Indian refineries (or what oil industry experts refer to as the Indian crude oil basket) have gone up 22 per cent since the government decontrolled petrol pr

Raising its pitch against the United Progressive Alliance (UPA) government for the price rise and the latest round of petrol price hike, the Bharatiya Janata Party on Sunday demanded concrete action within a month on the price front and a rollback of the petrol price increase.

Targeting the economist in Prime Minister Manmohan Singh, BJP spokesman Prakash Javadekar termed the food and petrol pr

PARADIP: The House panel on environment expressed dissatisfaction over inability of Paradip Port Trust, IOCL, Paradeep Phosphates Ltd in controlling industrial pollution in the area.