HALDIA: At a time when the Indian Oil Corporation (IOC) is making rapid progress in transforming itself into a vertically integrated transnational energy major, its Haldia refinery is likely to earn higher operational margins in the coming quarter of the next fiscal.

New Delhi: Consumers will have to fork out up to 40 paise a litre more for motor fuels in 13 cities that will upgrade to Euro-IV quality. Petroleum secretary S Sundareshan on Monday confirmed that the government was considering a differential pricing for Euro-IV petrol and diesel but declined to say by how much the prices would be higher from Euro-III fuels being sold now.

The impact of the recommendations of the expert group on pricing of petrol, diesel, kerosene and LPG on the poor and on the price level should be no more than that of present policy and most likely smaller over time. The group has recommended freeing petrol and diesel prices and some increases in prices of kerosene and LPG.

Murli Deora

Haldia Petrochemicals

Reeling under the double whammy of high inflation and rising subsidy burden, the Centre may settle for a bare minimum hike in auto and cooking fuel prices

AN INCREASE in the prices of petrol and diesel appears imminent as top Congress leaders prepare on Wednesday to ponder the Kirit Parikh panel report that has recommended radical overhaul of the fuel pricing system in the country.

Europe Shows Price Hike May Not Hit Growth
Ramkrishna Kashelkar MUMBAI

THE report submitted by the expert group headed by Mr Kirit Parikh on a viable and sustainable system of pricing of petroleum products if accepted by the government could boost the prospects of state-owned oil firms.

APANEL headed by Kirit Parikh has suggested a clean break from the past, with market-linked prices for auto fuels and a sharp increase in the prices of kerosene and cooking gas, testing the willingness of the Manmohan Singh government to grapple with a problem that has defied a solution for decades.

Panel Wants Decontrol, Govt May Settle For Rs 3 Petrol Hike, Re 1 For Diesel

New Delhi: After dal-chawal, petrol, diesel and CNG may burn a bigger hole in your pocket as the government tries to strike a balance between keeping transport fuel prices in check without letting staterun oilmarketing companies slip into the red.