Dec 17, 2014 at 20:11 | Source: PTI
Expecting oil prices to remain under pressure, Fitch Ratings said deregulation of diesel prices in October will help in lowering the under-recoveries (which is nothing but international petroleum prices minus the subsidised retail rates).
Dec 17, 2014 at 16:35 | Source: PTI
"We have increased prices due to rising input costs, although we are confident Nissan and Datsun vehicles will continue to offer excellent value and choice to our customers," Nissan Motor India Managing Director Arun Malhotra said.
Dec 17, 2014 at 15:38 | Source: CNBC-TV18
Manish Singh of Crossbridge Capital LLP believes soft energy prices are a big positive for emerging markets and one should buy into these markets with a 6-12 month perspective.
Dec 17, 2014 at 11:12 | Source: CNBC-TV18
Bipin Kumar Saxena, Director - Marketing at Coal India, says the company has been facing problems with respect to transportation of coal and has sought more rakes from Indian Railways to meet the offtake target.
Dec 16, 2014 at 15:20 | Source: Moneycontrol.com
Low crude prices will help oil marketing companies reduce underrecoveries on sale of subsidised kerosene and LPG gas. These companies have already been earning income on petrol and diesel as Brent crude fell nearly 48 percent from June when the price was USD 115 a barrel.
Dec 16, 2014 at 08:22 | Source: CNBC-TV18
The OMCs have not passed on the entire benefit to consumers as they are retaining the cushion to make up for losses which have been made on crude inventories as these companies had also purchased crude when prices were much higher- almost over USD 100 per barrel.
Dec 15, 2014 at 20:51 | Source: PTI
In Delhi, petrol will cost Rs 61.33 a litre, the lowest in 44 months, as compared to current price of Rs 63.33. The price has been cut by Rs 2.09 a litre in Mumbai to Rs 68.86. Rates differ from state to state because of varied rates of local sales tax or VAT.
Dec 15, 2014 at 18:42 | Source: None
Maruti Suzuki India sells a range of vehicles, from Alto 800 to Grand Vitara, priced between Rs 2.37 lakh and Rs 24.6 lakh (ex-showroom, Delhi). Earlier in the day, its rival Hyundai Motor India also announced a price hike by up to Rs 25,000 from next month across its models.
Dec 15, 2014 at 16:11 | Source: PTI
Hyundai, which is the second largest car maker in the country, currently sells ten models across the Indian market.
Dec 10, 2014 at 16:19 | Source: PTI
Opposition parties contended that reduction in petrol and diesel prices domestically in the last six months was not commensurate with declining global crude oil prices and also questioned the justification of levying excise duty depriving consumers of their due benefit.