Indian government set to review fuel prices
Elections are coming up in several states in India and the Indian government has decided that they are considering revising the fuel prices.
Indian Petroleum secretary RS Pandey said in a statement that the government would review retail prices of petrol, diesel, kerosene and cooking gas on December 1.
They [...]
Prime Minister: No fuel price cuts for now
India’s Prime Minister Manmohan Singh has clarified that the government has no plans to cut the price of petroleum products.
He said: “Even now the Indian oil companies have to bear a very heavy burden”.
Market was expecting a cut in the price of petrol and diesel considering crude [...]
Ford Ikon gets 1.4-liter Duratorq engine
Ford has now launched an updated edition of Ford Ikon in the Indian market.
This new variant comes loaded with the company’s 1.4-liter Duratorq engine.
The same engine powers their Fiesta and the Fusion models.
This engine generates 68PS of power (at 4000rpm) and 160Nm of torque (at 2000rpm).
It also weighs less than [...]
Toyota Corolla Altis Diesel could be coming to India
market sources say that Japanese automaker Toyota is now planning to bring a diesel engine powered version of Toyota Corolla Altis in the Indian market.
The company recently launched the petrol edition of their updated Toyota Corolla Altis model.
Diesel is much cheaper compared to petrol here in India [...]
Essar to re-open petrol pumps in India
Essar Oil has announced that they are now going to re-open their retail sale points in India.
The company is planning to open most of its 1,250 fuel stations by the end of December.
Essar said that the falling crude oil prices makes it viable for them to get back [...]
Government finally thinking about differential pricing regime for diesel in India
Diesel is much cheaper in India when compared to Petrol. One of the primary reasons is that the government gives away more subsidies on diesel because it is used for public transport.
This result in a situation where diesel cars turn out to be much cheaper [...]
Air Ticket prices in India to go up massively
Indian government owned oil companies have announced that they are now hiking the prices of the aviation turbine fuel as the crude oil prices are skyrocketing.
They are increasing the prices of the ATF for domestic carriers by around 20% and for international carriers close to [...]
TVS King: India’s first two-stroke 200cc auto rickshaw
TVS Motor Company has entered into the three-wheeler segment by launching the country’s first two-stroke 200cc auto rickshaw.
They have named this new product TVS King. The company said that the King is available in both LPG and petrol versions.
It comes with an electric start and has been priced [...]
Petrol, Diesel prices hiked
The Indian government has finally decided that the price of both Petrol and Diesel needs to be hiked to cut the losses at the oil companies.
The cabinet decided that the petrol would cost Rs. 2 more while diesel would be sold for Rs. 1 more.
Incidentally, this announcement comes just weeks before the [...]
