Deregulating Fuel Prices
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Fuel Price Cut By Oil Firms One-Time Move: Official
The petrol and diesel price cuts made earlier this month by state-run oil marketing companies was a "one-time measure", and the government has no intention of reversing the deregulation of the oil market, a Finance Ministry official said here on Thursday.
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No Reversal On Deregulation Of Petrol, Diesel Prices, Says Arun Jaitley
Government seeks to assure investors that it would not go back to regulating fuel prices, a day after oil company shares tumbled on concerns about a return to a regime that has hurt their profits in the past.
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Daily Fuel Price Revisions To Boost Oil Marketing Companies' Profit: Report
In a report, India Ratings on Monday said the move, effective May 1 in select cities, is another positive structural change in the downstream sector after petrol price deregulation in 2010, diesel de-regulation in 2014.
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Petrol Price Hiked By Rs 1.29 A Litre, Diesel By Rs 0.97 A Litre From New Year
Fuel prices were last revised on December 16, when petrol was made more expensive by Rs 2.21 a litre while diesel was made dearer by Rs 1.79 per litre.
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Petrol Price Cut By Rs 1 Per Litre, Diesel By Rs 2 Per Litre
Petrol and diesel prices are deregulated in India, which means they are linked to market rates.
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Oil Firms to Benefit From Low Rates, Price Deregulation: Fitch
Fitch Ratings on Monday said low oil rates and price deregulation in India's oil and gas sector will have a positive impact on the rated companies in the sector, especially the oil refining and marketing firms.
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IMF Lauds India for Cutting Fuel Subsidy
The International Monetary Fund (IMF) has lauded India's efforts to cut fuel subsidies, saying the fall in global crude oil prices provides a golden opportunity to reduce energy subsidies.
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Reliance Industries Reopens Fuel Stations
Buoyed by diesel price decontrol, Reliance Industries Ltd (RIL) has reopened about one-fifth of its 1,400 fuel stations, which were shut down when state firms were selling heavily subsidised fuel.
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Diesel Deregulation, Gas Price to Have Positive Impact on Oil Firms: Fitch
Key oil and gas sector reforms like diesel deregulation and a new gas pricing policy will have a positive impact on companies engaged in fuel retailing and gas production, Fitch Ratings has said in a report by Fitch Ratings.
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Petrol & Diesel Prices Likely to Dip Further in India
Following the recent multiple reductions in petrol rates and deregulation of diesel prices last month, fuel consumers can look forward to more price cuts as Brent crude oil Tuesday fell to its lowest in four years at $82 a barrel after Saudi Arabia cut sale prices to the US.
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Petrol Price Cut by Rs 2.41 Per Litre, Diesel by Rs 2.25
Diesel prices were deregulated earlier this month. On October 18 - the day the announcement was made - diesel prices were cut by Rs 3.37 per litre. It was the first reduction in diesel prices in over five years.
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Diesel Deregulation: Return of Private Retailers & a Price War?
India's scrapping of diesel price controls opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.
-
Falling Global Crude Prices Bolster India's Economic Outlook
Cheaper oil allowed PM Modi to end government price caps on diesel without it hurting consumers. In fact, the decision on Saturday led to an immediate 5.7 per cent fall in pump prices for the fuel that drives rural tractors and urban SUVs.
-
Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister
Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the best time to make the most of this opportunity.
-
Private Fuel Retailers to Dip Toe, Not Dive Back, Into India
The scrapping of diesel price controls by the government opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.
-
Fuel Price Cut By Oil Firms One-Time Move: Official
The petrol and diesel price cuts made earlier this month by state-run oil marketing companies was a "one-time measure", and the government has no intention of reversing the deregulation of the oil market, a Finance Ministry official said here on Thursday.
-
No Reversal On Deregulation Of Petrol, Diesel Prices, Says Arun Jaitley
Government seeks to assure investors that it would not go back to regulating fuel prices, a day after oil company shares tumbled on concerns about a return to a regime that has hurt their profits in the past.
-
Daily Fuel Price Revisions To Boost Oil Marketing Companies' Profit: Report
In a report, India Ratings on Monday said the move, effective May 1 in select cities, is another positive structural change in the downstream sector after petrol price deregulation in 2010, diesel de-regulation in 2014.
-
Petrol Price Hiked By Rs 1.29 A Litre, Diesel By Rs 0.97 A Litre From New Year
Fuel prices were last revised on December 16, when petrol was made more expensive by Rs 2.21 a litre while diesel was made dearer by Rs 1.79 per litre.
-
Petrol Price Cut By Rs 1 Per Litre, Diesel By Rs 2 Per Litre
Petrol and diesel prices are deregulated in India, which means they are linked to market rates.
-
Oil Firms to Benefit From Low Rates, Price Deregulation: Fitch
Fitch Ratings on Monday said low oil rates and price deregulation in India's oil and gas sector will have a positive impact on the rated companies in the sector, especially the oil refining and marketing firms.
-
IMF Lauds India for Cutting Fuel Subsidy
The International Monetary Fund (IMF) has lauded India's efforts to cut fuel subsidies, saying the fall in global crude oil prices provides a golden opportunity to reduce energy subsidies.
-
Reliance Industries Reopens Fuel Stations
Buoyed by diesel price decontrol, Reliance Industries Ltd (RIL) has reopened about one-fifth of its 1,400 fuel stations, which were shut down when state firms were selling heavily subsidised fuel.
-
Diesel Deregulation, Gas Price to Have Positive Impact on Oil Firms: Fitch
Key oil and gas sector reforms like diesel deregulation and a new gas pricing policy will have a positive impact on companies engaged in fuel retailing and gas production, Fitch Ratings has said in a report by Fitch Ratings.
-
Petrol & Diesel Prices Likely to Dip Further in India
Following the recent multiple reductions in petrol rates and deregulation of diesel prices last month, fuel consumers can look forward to more price cuts as Brent crude oil Tuesday fell to its lowest in four years at $82 a barrel after Saudi Arabia cut sale prices to the US.
-
Petrol Price Cut by Rs 2.41 Per Litre, Diesel by Rs 2.25
Diesel prices were deregulated earlier this month. On October 18 - the day the announcement was made - diesel prices were cut by Rs 3.37 per litre. It was the first reduction in diesel prices in over five years.
-
Diesel Deregulation: Return of Private Retailers & a Price War?
India's scrapping of diesel price controls opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.
-
Falling Global Crude Prices Bolster India's Economic Outlook
Cheaper oil allowed PM Modi to end government price caps on diesel without it hurting consumers. In fact, the decision on Saturday led to an immediate 5.7 per cent fall in pump prices for the fuel that drives rural tractors and urban SUVs.
-
Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister
Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the best time to make the most of this opportunity.
-
Private Fuel Retailers to Dip Toe, Not Dive Back, Into India
The scrapping of diesel price controls by the government opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.
