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India cut its forecast for fuel demand in the current fiscal year by nearly 1 per cent to 155.6 million tonnes, government data showed, due to a slowdown in economic activity. The economy , which grew at 6.5 per cent in the year ended March 2012, is
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Expect petrol and diesel prices to go up steadily as the government has decided to steadily chip away at subsidies...In what could imply frequent price hikes of petrol and diesel starting in the next financial year, finance minister P Chidmbaram is
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Where is the diesel price hike that India needs? Next Business Standard W here is the diesel price hike that India needs? The cheer of the New Year was darkened by news that India's public finances continue to be in dire straits. The deficit of
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Options for car buyers after diesel price rise by Rs 10 Next Jyotsana Gupta A fter grappling with the falling sales, increase in input cost and rising competition last year, the auto industry seems to be heading for new challenges in 2013. The
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F inance Minister P Chidambaram [ Images ] on Wednesday said that government will have to look into various dimensions of the issue before taking any decision on deregulating diesel prices. "The government has to take into account several dimensions
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With state transport undertakings reeling under the impact of increase in diesel price, Tamil Nadu government today said it had allocated Rs 200 crore this year to meet the expenses while avoiding revising ticket rates. Transport undertakings were
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Whatever benchmarks the RBI has been relying upon there is hardly any scope for optimism. The Reserve Bank of India (RBI) will unveil its second quarter review of credit policy on October 30. Being one of the seven reviews of the annual statement,
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Our success depends on making customers happy and everything else is incidental' The Mahindra Group has been growing its automobile business over the years and has moved from being largely a farm equipment major till a decade and a half ago. Today,
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Whatever we do, we will have to bear the under recovery burden. Whatever be the under recoveries (of the oil marketing companies), we are not in favour of raising (diesel) prices," he said when asked about the huge subsidy burden on diesel, kerosene
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Farmers in Californias Central Valley say record high gas and diesel prices are putting pressure on their bottom lines. But economists say its unlikely that will translate into significantly higher food prices in the U.S. The rise in gas prices has
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