Diesel Hike

According to official sources, petrol will now go up by Rs 3 and diesel by Rs 3.5 per litre

3-Point Analysis | Fuel price hikes: Government revenues get a boost

Moneycontrol's Sakshi Batra does a 3 Point Analysis of how the higher taxes on fuel are helping the government augment its dwindling coffers.

Petrol price hiked by 54 paise per litre, diesel by 58 paise; rises for third straight day

According to a price notification of state oil marketing companies, Petrol price in Delhi was hiked to Rs 73 per litre from Rs 72.46 per litre on Monday, while diesel rates were increased to 71.57 per litre from Rs 70.59 a litre.

Petrol price cut by Rs 1.15/litre, diesel hiked by Re 0.50

The price changes announced by oil companies are excluding local sales tax or VAT with effect from midnight on Thursday. The cut follows a fall in global crude prices.

Parikh panel recommends Rs 5/litre hike in diesel prices

India, the world's fourth-largest oil importer, needs to rein in spending to help stabilise its finances and support the rupee, which hit a record low earlier this year.

Diesel price hike only way to cut FY14 subsidy burden: ONGC

Speaking to CNBC-TV18, Sudhir Vasudeva, chairman, ONGC says the company will be facing a far larger subsidy burden this year (FY14) than it did in FY13. The company paid Rs 49421 crore in FY13 as subsidy burden.

Food Bill will push govt spending to 1.3% of GDP: Moody‘s

In an interview to CNBC-TV18, Atsi Sheth of Moody's Investor Service spoke about her expectation from the food bill and also spoke about the market in general

See FY14 GDP growth at 5.5-6%, avoid PSU banks: JPMorgan

JPMorgan is a little downbeat that both monetary and fiscal stimulus is not going to come by in the current year. However, the 45 paise diesel hike indicates that the government is serious about the fiscal deficit targets.

Inflation to stay at Jan levels despite diesel hike: Poll

CNBC-TV18‘s Latha Venkatesh says that a poll reveals expectations on stable inflation despite a hike in diesel prices.

Automakers see brighter side in move to hike diesel prices

Automakers today said the government decision to allow "small" hikes in diesel prices was a step in the right direction although it could have some impact on sales.

PM to explain hard decisions at Cong meet tomorrow

Against the backdrop of attack over decision on FDI, hike in diesel and cap on LPG cylinders, Prime Minister Manmohan Singh will highlight the reasons for these tough decisions tomorrow at the Congress conclave with a pep talk to party leaders on how to dispel the "misgivings".