New Delhi: The ministerial panel on fuels under finance minister Pranab Mukherjee deferred a decision on either allowing oilmarketing companies to set pump prices in tune with international trend or simply raise petrol and diesel prices to reduce losses of state-run companies, ostensibly because key members could not attend the meeting on Monday.

Govt Unlikely To Free Up Fuel Pricing Regime

Noor Mohammad

New Delhi: While the euro zone debt crisis is a looming threat to the global economy, it has brought some cheer to policymakers here. Global crude prices have fallen by $15 a barrel thanks to the European turmoil, a development which stands the Indian government in good stead as it tries to cut the worrisome fiscal deficit, as lower oil prices would reduce its subsidy burden.

The State of Madhya Pradesh became one of the leading States in the country to upgrade from BS-II to BS-III fuel. Indian Oil on behalf of the PSU Oil Industry launched the BS-III fuel in Madhya Pradesh on Monday in the presence of Urban Administration Minister Babulal Gaur and senior officials of IOCL.

AN empowered group of ministers chaired by finance minister Pranab Mukherjee is scheduled to meet on June 7 to take policy decisions on pricing of petrol, diesel, kerosene and cooking gas.

Washington: Visiting Buffalo in upstate New York, a city that has been badly hit by the current economic crisis, U.S. President Barack Obama did not repeat his

Lalit K Jha/ PTI / Washington May 14, 2010, 20:39 IST

Pushing for greater use of public transportation system, US President Barack Obama has said the increasing tendency in India and China to buy more cars would put increased pressure on fossil fuel.

Puneites will have to pay 50 paise more for petrol and Rs 1.20 more for diesel from June 1. The revised prices will be Rs 52.58 a litre for petrol and Rs 41 a litre for diesel, up from Rs 52.08 and Rs 39.80 in place from April 1.

DRY ON FRIDAY?
Association says hike bleeding their business as customers fill up in neighbouring UP, Haryana where diesel is almost Rs 4 cheaper

The petrol dealers across the Capital have threatened to go on strike to protest the increase in the value added tax (VAT) on diesel.