Petrol Decontrol

• Opinion: How Modi Government Finally Removed the Elephant in the Room

  The Modi government has done the right thing by decontrolling diesel prices. This single reform will have a huge ripple effect in the rest of the economy. For years, diesel has remained the elephant in the room in any discussion on the massive petroleum subsidy and its deleterious effect on other macro-parameters such as the fiscal deficit, current...

• No decontrol of diesel; petroleum prices need a relook: Oil Minister

  "The prices of all petroleum products need to be looked at again. However, we live in a real world, not only in numbers," Oil minister Jaipal Reddy said on the sidelines of 7th Asia Gas Partnership Summit.

• *Jr Oilmin: RIL to revive all petrol pumps after diesel decontrol

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• Oil stocks surge as Govt decontrols petrol price

  Volatility ruled the roost as the key benchmark indices trimmed losses after weakening once again in mid-afternoon trade. Oil & gas stocks surged after news trickled in that the Empowered Group of Ministers (EGoM) has recommended decontrol of petrol prices. The government will also eventually decontrol diesel prices. Index heavyweight Reliance Indu...

• Oil stocks spurt as Govt decontrols petrol price

  Oil stocks rose across the board after the government raised fuel prices as part of a plan to move towards a market-determined fuel price regime.At 15:10 IST, the BSE Oil & Gas index jumped 3% to 10,616.13. It outperformed the Sensex, which was down 0.82% at 17,585.02. Among state-run oil marketing companies, HPCL (up 13.36%), BPCL (up 11.80%) and ...

• Government raises fuel prices; petrol, diesel decontrolled

  The empowered group of ministers (EGoM) today decided to deregulate petrol and diesel prices. This means that petrol and diesel prices have been de-controlled and will be linked to the market price of crude. However, for now, diesel prices have only been increased by Rs 2. The hike in petrol prices would be close to Rs 3.5. S Sunderesa...

• Cabinet meet to consider decontrol of petrol price on June 25

  An Empowered Group of Ministers (EGoM) will meet on June 25 to consider deregulation of fuel prices. Petrol price will go up Rs 3.73 a litre if domestic prices are aligned with international rates. Sources said domestic retail prices are benchmarked at close to USD 60 per barrel crude oil price while the global rates currently are over USD 7...

• Govt decides to decontrol petrol prices; diesel, LPG, kerosene prices up too

  In a politically sensitive move, the government on Friday hiked prices of petrol by Rs 3.50 a litre and diesel by Rs 2 a litre, raised LPG by Rs 35 a cylinder and the poor man's cooking fuel kerosene by Rs 3 a litre.Petrol prices will be decontrolled from midnight tonight leading to Rs 3.50 a litre hike in rates in Delhi and diesel rates will be li...

• EGOM okays hike in fuel prices; Mamata stays away

  The government has bitten the bullet and decided to implement one of its boldest reforms - decontrol of petrol prices. The move will lead to an immediate hike in petrol and other fuel prices and has political ramifications, but the government is looking at long term gains in aligning prices to international rates.For the second time in less than th...

• Ministers' panel to discuss de-control of petrol prices today

  The UPA government is all set to implement one of its boldest reforms - decontrol of petrol prices. A 7-member minister's panel is meeting on Friday to approve the proposal. If approved, the petrol prices will be freed from government control and will be aligned to global crude rates, giving freedom to oil marketing firms to fix petrol prices now.T...