Subsidized Oil

• 

  India "Hopeful" Tension In Iran Subsides: Union Minister On Oil Prices

  Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Sunday said that India is hopeful that tensions subside in the oil-producing countries "in the interest of everyone".

• 

  "No Responsible Government Should Subsidize Iran's Blood Lust": Trump

  U.S. President Donald Trump on Tuesday denounced Iran's "blood lust" and called on other nations to join the United States to pressure Iran after attacks on Saudi oil facilities, but said there is a path to peace.

• 

  "Cyclone-Hit Odisha To Get 1,000 Kilo-Litre Kerosene": Dharmendra Pradhan

  Union Petroleum and Natural Gas Minister Dharmendra Pradhan has promised to supply 1,000 kilo-litre of subsided kerosene to Odisha, as per request made by state chief minister Naveen Patnaik in the aftermath of Cyclone Fani.

• 

  Falling Crude Prices to Help Control Fiscal Deficit: Report

  Lower crude prices mean less government outlay for India, which imports 80 per cent of its oil needs - at a cost of $168 billion last year - and subsidizes oil products such as diesel and fertilizer.

• Venezuela to Close Border With Colombia at Night to Crack Down on Smuggling

  Venezuela will close its border with Colombia at night to crack down on the smuggling of oil and food.

• Oil companies fall as govt readies to dole out more subsidized cylinders

  Raising the cap on the number of subsidized LPG cylinders will lead to an additional subsidy burden of Rs 4,000 crore for the government, analysts estimated.

• Government allows oil retailers to set diesel prices; hikes LPG cap to 9: top 10 developments

  The government will permit state-run oil marketing companies to set diesel prices, Oil Minister Veerappa Moily said on Thursday, in a surprise move that could help the government reduce its budget-busting subsidy bill. It also raised the cap on subsidized cooking gas (LPG) cylinders to nine from six - a move that may result in a Rs. 5,000 crore hit...

• Govt allows oil retailers to set diesel prices; raises LPG cap to 9: Your comments

  The government will permit state-run oil marketing companies to set diesel prices in a surprise move. It also raised the cap on subsidized cooking gas (LPG) cylinders to nine from six - a move that may result in a Rs. 5,000 crore hit to the national exchequer.

• Government allows oil retailers to set diesel prices; hikes LPG cap to 9: top 10 developments

  The government will permit state-run oil marketing companies to set diesel prices, Oil Minister Veerappa Moily said on Thursday, in a surprise move that could help the government reduce its budget-busting subsidy bill. It also raised the cap on subsidized cooking gas (LPG) cylinders to nine from six - a move that may result in a Rs 5,000 crore hit ...

• Oil Minister, reprimanded by Election Commission, sends an explanation

  Oil Minister Veerappa Moily has sent an explanation to the Election Commission about why he announced that the government may increase on a the amount of subsidized cooking gas families are entitled to during elections in Gujarat.

• Oil minister rules out immediate hike in fuel prices

  The minister said that there was a need to lower the under-recoveries faced by the oil companies by selling fuel at subsidized rates.

• Costlier oil could harm world growth: IMF's Lipton

  A further increase in the price of oil could hurt global economic growth and countries that subsidize energy prices should reconsider the impact on their budgets

• Government should consider diesel deregulation: Rangarajan

  C Rangarajan said that the government should consider decontrolling diesel prices to keep petroleum subsides at the budgetary level.