New Delhi Just a day before the Election Commission was set to issue the notification for the 2009 general election, the United Progressive Alliance-I government had hurried to allocate large capti

Cheaper alternate fuel gains ground as industry switches from expensive petrol.

Brazilian authorities identified a small oil leak off the shores of Rio de Janeiro on Saturday, the latest in a series of spills that has raised safety concerns over the development of some of the

State-owned oil firms are pushing for at least Rs. 3 per litre hike in petrol price from April 1 to cover part of the spike in cost of raw material.

"We are losing Rs. 6.43 per litre on petrol and after adding 20 per cent sales tax, the desired increase in rates in Delhi is Rs. 7.72 per litre," a senior oil company official said.

New Delhi The Petroleum ministry has sought an additional R40,000 crore in cash subsidies for the current fiscal to compensate fuel retailers for losses incurred on diesel and cooking fuels, even as oil minister S Jaipal Reddy gave no indication of a fuel price revision soon. Oil secretary GC Chaturvedi said state-owned fuel retailers are projected to lose close to R137,524 crore on selling diesel, domestic LPG and kerosene this fiscal.

Porvorim: Petrol in Goa will be cheaper by Rs 11 from April 2, housewives with annual incomes below Rs 3 lakh will get a monthly allowance of Rs 1,000 and the price of cooking gas has been fixed fo

The Maharashtra government is set to implement some harsh monetary steps from next month, as finance minister Ajit Pawar envisaged a raise in tax rates across sectors in the 2012-13 budget presented on Monday. The proposals are expected to mobilise an additional Rs 600 crore, and make the state revenue-surplus by Rs 152.5 crore by the end of the coming financial year.

Riding on the lower retail price of fuel, diesel automobiles for the first time ever surged ahead of petrol models in December last year, capturing more than 50% of the passenger vehicle market com