Diesel price for bulk consumers hiked; non-subsidised LPG cut

March 3, 2013

Diesel-rate-hike-190New Delhi, Mar 3: Diesel price for bulk consumers like Railways has been hiked by almost a rupee per litre, while the price of cooking gas (LPG) is cut by Rs 37.50 a cylinder that consumers buy beyond their quota of subsidised bottles.

Neither the retail prices of diesel sold through petrol pumps nor rates for subsidised LPG cylinders has been changed.

The government had in January allowed state-owned oil firms to sell diesel to all consumers taking supplies from their installations at market price.

Pursuant to the decision, oil companies sold diesel to bulk consumers like Defence, Railways and State Road Transport Corporations at a rate of Rs 58.58 per litre as compared to Rs 48.16 per litre price of the fuel at petrol pumps in Delhi.

Industry sources said the oil firms yesterday hiked the price of diesel for the bulk consumers by 94 paisa, excluding local sales tax or VAT. The actual increase for consumers will be up to Rs 1.25 per litre.

The hike in bulk diesel price was necessitated by the firming up of international oil rates. This has led to loss on diesel sold through petrol pumps rising to Rs 11.26 per litre from Rs 10.72 last month.

Also, oil companies cut the price of cooking gas (LPG) that consumers will have to buy beyond their quota of 9 subsidised cylinders in a year. The non-subsidised LPG will cost Rs 904.50 per 14.2-kg cylinder as against Rs 942 a bottle previously.

Just yesterday, the oil companies had raised petrol price by Rs 1.40 a litre, excluding VAT on firming global oil rates. The hike in Delhi translated into Rs 1.68 and petrol now costs Rs 70.74 a litre in the national capital.

Together with Rs 1.50 per litre hike in rates effected from February 16, petrol price have been raised by about Rs 3 per litre in two weeks.

Sources said oil firms continue to incur a loss of Rs 439 on sale of every 14.2-kg cylinder at subsidised rate of Rs 410.50 in Delhi. On kerosene, they lose Rs 33.43 per litre and will end the fiscal with a loss of Rs 163,500 crore on fuel sales.

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News Network
May 12,2020

New Delhi, May 12: A total of 12 special evacuation flights from across the globe will bring home stranded Indians on the sixth day of 'Vande Bharat Mission' on Tuesday.

The special flights include Air India flight from Manila to Ahmedabad, London to Hyderabad, Newark-Mumbai-Ahmedabad, AI flight from Singapore to Delhi, AI flight from Dhaka to Srinagar, Dammam to Kochi, Kuala Lumpur to Mumbai, Manila to Delhi, Muscat to Chennai, Dubai to Kannur, Dubai to Mangalore and Singapore-Bengaluru-Kochi.

Amidst the coronavirus pandemic, India is conducting 'Vande Bharat' Mission -- its biggest ever repatriation exercise since independence -- to bring back stranded Indians from abroad, including from the US, the UAE and the UK.

On the fifth day of Vande Bharat Mission, as many as 1,667 Indian nationals were repatriated from different countries in eight special flights.

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News Network
March 28,2020

Mumbai, Mar 28: Industrialist Ratan Tata on Saturday announced that Tata Trusts has committed Rs 500 crore for the medical supplies and equipments which will help combat the coronavirus outbreak.

"The COVID-19 crisis is one of the toughest challenges we will face as a race. The Tata Trusts and the Tata group companies have in the past risen to the needs of the nation. At this moment, the need of the hour is greater than any other time," said Ratan Tata, in an official release.

"Tata is committing Rs 500 crore for: personal protective equipment for the medical personnel on the frontlines; respiratory systems for treating increasing cases; testing kits to increase per capita testing; setting up modular treatment facilities for infected patients and knowledge management and training of health workers and the general public," Tata added.
Tata Chairman also expressed his deep gratitude for the members of all the organizations who are fighting coronavirus at the frontline, puting their life at risk.

"The Tata Trusts, Tata Sons and the Tata group companies are joined by committed local and global partners as well as the government to fight this crisis on a united public health collaboration platform which will strive to reach out to sections that are underprivileged and deprived," he added.

According to the Ministry of Health and Family Welfare (MoHFW), there are 873 confirmed cases of coronavirus cases in the country and 19 fatalities have been reported.

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News Network
June 16,2020

New Delhi, Jun 16: Congress president Sonia Gandhi on Tuesday demanded a rollback of hike in fuel prices, saying the government's decision to increase the prices of petrol and diesel during the coronavirus crisis is "wholly insensitive" and "ill-advised".

The government is doing nothing short of "profiteering off its people" when they are down and out, she said in a letter to Prime Minister Narendra Modi.

Petrol and diesel prices were hiked for the 10th day in a row on Tuesday.

"I am deeply distressed that in these exceedingly difficult times since the beginning of March, the government has taken the wholly insensitive decision to increase petrol and diesel prices on no less than ten separate occasions," Gandhi said in her letter.

She accused the government of earning an additional revenue of nearly Rs 2.6 lakh crore through these "ill-advised" hikes in excise duty and increase in prices of petrol and diesel.

"I urge you to roll back these increases and pass on the benefit of low oil prices directly to the citizens of this country.

"If you wish for them to be 'self-reliant' then do not place financial fetters on their ability to move forward," the Congress president said.

Gandhi also urged the government to use its resources to put money directly into the hands of those in need in these times of severe hardship.

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