Proposed fiscal reforms for automotive fuels Petrol Increase selling price before state taxes and duties by Rs 2.50 per litre each month to align with full cost price Total increase of Rs 10.90 per litre in selling prices before taxes Temporary reduction in excise duty to Rs 10 per litre to be restored by March 2009 Total increase of Rs 11.28 per litre before

A committee recommends rationalization of diesel and petrol prices The long awaited pricing formula for petroleum products to bail out the oil industry from impending bankruptcy has been tabled. If put into effect this prescription can correct distorted prices of automotive fuels of petrol and diesel and halt misuse of under-taxed and under-priced diesel by the car sector. This is

Almost thirty percent of the vehicles that come to Colombo on week days are those used by public servants and most have drivers too, costing around 150,000 monthly for fuel and salary for each vehicle. It could be more cost effective and ease traffic congestion if public servants are paid 50,000 rupees monthly instead, Chairman, Road Development Authority, M. D. S. Fernando told The Island yesterday (13).

With construction of Delhi Metro's second phase on full-stream, and the first section between Dilshad Garden and Shahdara up for completion by the year-end, the state budget has allocated a sum of R

A distinctive red double-decker bus from London on loan to the city of Shimonoseki, Yamaguchi Prefecture, was unveiled to the press Wednesday ahead of the start possibly this spring of its scheduled

WITH EastLink due to open in the middle of this year, inner-city Melbourne will need to brace itself for the additional traffic that will hit the end of the Eastern Freeway.