NEW DELHI: There's finally some cheer for consumers ahead of the festive season. State-run fuel retailers on Monday slashed petrol price by over Rs 3 a litre and raised diesel rate by 50 paise a litre, both excluding state taxes.
Showing posts with label price. Show all posts
Showing posts with label price. Show all posts
Tuesday, 1 October 2013
Thursday, 26 September 2013
Veerappa Moily hints at petrol price cut
ANGALORE: Union petroleum minister M Veerappa Moily on Wednesday indicated the UPA government is working on a plan to reduce petrol prices but didn't specify the extent or the timing.
"We are planning for an additional import of 11 million tonnes from Iran and pay them in rupees. This will save us 8.47 billion dollars,'' he said.
Moily said the ministry also is considering reversing a decision that forced state transport utilities and other bulk consumers to pay market price for diesel and ruled out any plan to raise diesel prices for now. "We will positively consider allowing state fleets to purchase diesel at the subsidized price in view of the need to encourage public transport," he said.
"We are planning for an additional import of 11 million tonnes from Iran and pay them in rupees. This will save us 8.47 billion dollars,'' he said.
Moily said the ministry also is considering reversing a decision that forced state transport utilities and other bulk consumers to pay market price for diesel and ruled out any plan to raise diesel prices for now. "We will positively consider allowing state fleets to purchase diesel at the subsidized price in view of the need to encourage public transport," he said.
Sunday, 15 September 2013
Samsung to launch smartphones priced below Rs 15,000 this month
BERLIN: Samsung will launch twosmartphones in India this month for less than Rs 15,000, intensifying competition in themid-segment mobile market.
The Korean company, which has a 49 per cent share in India's smartphone segment, will offer options in local languages to attract non-English speaking customers.
The Korean company, which has a 49 per cent share in India's smartphone segment, will offer options in local languages to attract non-English speaking customers.
UB Group stocks lose up to 76% value in 2013
MUMBAI: UB Group chairman Vijay Mallya may be confident of 'good times' ahead for his various businesses, but the market values of at least five group companies have fallen by up to 76 per cent so far in 2013.
Friday, 13 September 2013
Petrol price hiked by Rs 1.63 a litre, 7th increase since June
NEW DELHI: Petrol prices were on Friday hiked by Rs 1.63 per litre, the seventh increase since June, on rising oil rates and falling rupee.
The increase excludes local sales tax or VAT and will be effective midnight tonight, oil firms said.
The petrol price in Delhi will go up by Rs 1.96 to Rs 76.06 per litre, while it will cost Rs 83.63 per litre in Mumbai as against Rs 81.57 currently.
The increase excludes local sales tax or VAT and will be effective midnight tonight, oil firms said.
The petrol price in Delhi will go up by Rs 1.96 to Rs 76.06 per litre, while it will cost Rs 83.63 per litre in Mumbai as against Rs 81.57 currently.
Yahoo stock tops $30 for 1st time in 5 years
SAN FRANCISCO: Yahoo is getting closer to propelling its stock beyond the price thatMicrosoft offered to buy the Internet company in 2008, a feat that seemed unattainable until Yahoo hired Marissa Mayer as its CEO last year.
Thursday, 12 September 2013
Petrol may be cheaper marginally
NEW DELHI: There could be some good news around the corner for petrol consumers by way of a small reduction in price if the rupee remains north bound but an across-the-board hike — in diesel and kitchen fuel prices — appears inevitable.
The price of crude mix that state refiners buy dropped to $110.15 per barrel on Tuesday from a high of $112.26 on Monday. In rupee terms, too, the price followed the trend to slide to Rs 7073.83 per barrel from Rs 7404.67. According to Petroleum Planning and Analysis Cell — an oil ministry arm that tracks the country's oil and gas consumption — the cooling sign was sparked by twin factors of fall in international oil prices in dollar terms and the rupee appreciation to Rs 64.22 to a dollar from Rs 65.96.
The rupee continued its rally against dollar for the fifth straight session, appreciating by 46 paise to close at 63.37 on Wednesday after fresh RBI steps to boost foreign fund inflows and hopes of a diplomatic solution in conflict-ridden Syria reduced the dollar's appeal as a safer investment.
The price of crude mix that state refiners buy dropped to $110.15 per barrel on Tuesday from a high of $112.26 on Monday. In rupee terms, too, the price followed the trend to slide to Rs 7073.83 per barrel from Rs 7404.67. According to Petroleum Planning and Analysis Cell — an oil ministry arm that tracks the country's oil and gas consumption — the cooling sign was sparked by twin factors of fall in international oil prices in dollar terms and the rupee appreciation to Rs 64.22 to a dollar from Rs 65.96.
The rupee continued its rally against dollar for the fifth straight session, appreciating by 46 paise to close at 63.37 on Wednesday after fresh RBI steps to boost foreign fund inflows and hopes of a diplomatic solution in conflict-ridden Syria reduced the dollar's appeal as a safer investment.
Subscribe to:
Posts (Atom)