Free Press Journal
  • Fuel price hike may cost Mumbai BEST buses Rs 26 crore

    Mumbai: The Brihanmumbai Electric Supply and Transport (BEST) undertaking might have to bear additional expenses of up to Rs 26 crore by the end of the year if fuel prices remain at current levels. BEST committee members have asked the administration to write a letter to the state government to reduce its fuel burden.

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    Bypolls 2018: JDU blames fuel price hike for defeat in Bihar

    Patna: After the Rashtriya Janata Dal wrested the Jokihat Assembly seat from the ruling JD-U in Bihar, a senior Janata Dal-United leader blamed rising prices of petrol and diesel for the drubbing. A day after Shahnawaz Alam won the seat by over 41,000 votes, JD-U General Secretary K.C. Tyagi on Friday said: “Rising price of petrol and diesel mainly angered people that led to our defeat in Jokihat and NDA elsewhere” in

  • Government to ask ONGC to bear fuel subsidy to help cut petrol, diesel price

    New Delhi: The government may ask state-owned Oil and Natural Gas Corp (ONGC) to bear fuel subsidy to help cut petrol and diesel prices, sources said on Thursday. The government does not want to cut excise duty and is looking at alternative means to reduce petrol and diesel prices that had on Tuesday touched an all-time high of Rs 78.43 per litre and Rs 69.31 a litre respectively. Sources said the alternative

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    Fuel Price Hike: Petrol price cut by 7 paise, Diesel by 5 paise per litre

    New Delhi: Prices for Petrol and diesel have fallen by 7 paise and 5 paise per litre respectively on Thursday. Petrol in Delhi now costs Rs 78.35 a litre and Diesel 69.25 per litre. The revised Petrol price in other metro cities are- 80.98 in Kolkata, 86.16 in Mumbai, 81.35 in Chennai While the revised Diesel price was 71.80 in Kolkata, 73.73 in Mumbai and 73.12 in Chennai.

  • One paisa cut is meaningless, government is mocking people: Veerappa Moily

    New Delhi: Following the marginal one paisa cut in the fuel prices, former Petroleum and Natural Gas Minister M. Veerappa Moily called the Centre, ‘cruel’. Talking to media, the former Union Minister said, “Reducing one paisa on petrol is meaningless. This shows that he is mocking the people. These people are putting a lot of excise duty which we have not done during our regime. This is totally burdensome. People are suffering.

  • MNS protesting against railways

    Mumbai: On Raj Thackeray’s birthday, MNS plans to offer fuel at discounted rates

    Mumbai: Angered by the hike in petrol and diesel prices for 16 consecutive days, the Maharashtra Navnirman Sena has decided to give relief to Mumbaikars by offering petrol for Rs 4 less than the market price on the birthday of party president Raj Thackeray (June 14). On the other hand, the Nationalist Congress Party (NCP) held a protest march by using bullock carts to symbolise how unaffordable petrol was.

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    Fuel price hike: Kerala government reduces petrol, diesel prices by Rs 1

    Thiruvananthapuram: Just when the nation was grappling with rising fuel prices with no sustainable solution in sight, Kerala has shown the way by reducing sales tax on petrol and diesel, a deduction that will make the fuels cheaper by Rs one. The Kerala Finance minister touted it as the LDF government’s second anniversary gift to the people.

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    Congress to start ‘tweet morcha’ on June 2 against fuel price hike

    Mumbai, Condemning the reduction of fuel prices by just 1 paisa per litre after 16 days of relentless price hike, the Congress in Mumbai today said it would launch a social media campaign on June 2 to express its anguish. As a part of the online campaign, titled “Tweet Morcha”, the opposition would mobilise people to post tweets to Prime Minister Narendra Modi and Chief Minister Devendra Fadnavis over

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    Fuel price hike: Stay the course

    We know Narendra Modi is like no other Prime Minister but even he relies on voters to get elected to power. And with another general election looming large, it will be hard to resist for anyone in his position to roll back the incessant rise in prices of petroleum products. Price of petrol and diesel on Monday, in Mumbai were a record Rs 86.06 a litre and Rs 78.27, an increase of

  • petrol price hike, petrol price, K R Sudhaman, GDP, economy

    Fuel prices surge for 15th day, touches Rs 86.06 in Mumbai

    New Delhi: Petrol and diesel prices continue to touch another peak for the 15th consecutive day, with the key transportation fuel being sold at Rs 78. 27 per litre in Delhi. The revised petrol prices in metropolitan cities are- Delhi: Rs 78.27 per litre; Mumbai: 86.08; Kolkata: 80.76 and Chennai: 81.11.

  • petrol price hike, petrol price, K R Sudhaman, GDP, economy

    Fuel price hike: The constructed myopia of the market

    It was less than a year ago that the government put out some sure shot views that in sum said: “Oil prices are broadly capped”. The words came in the Economic Survey 2016-17, Vol 2 of Aug 2017, which reported with rather uncanny surety, “Shale technology will ensure that prices cannot remain above (the $50 ceiling)”. Soon enough, prices started rising. Rather wisely, the next Economic Survey (2017-18 of Feb 2018) remembered