No decision on price hike of fuels: Aiyar:
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[Business India]: New Delhi, Oct 30 : The government Saturday deferred a decision on the issue of hiking prices of petroleum products.
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Algerian Energy Minister Chakib Khelil ruled out the creation of a gas cartel modelled on oil group OPEC, saying it would be impossible to create such an organisation.
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The CPM has reportedly told the government to delay the decision to hike petrol and diesel prices till after the US elections. However, the Left has already indicated that it is not averse to a hike since there is no real alternative.
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The effect of high crude oil prices  continued to pinch consumers at the pump, with the average cost  for gasoline rising 4.9 cents to the highest level in 14 months  and diesel fuel soaring 6.3 cents to match the record set two  years ago, the government said on Monday.
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SINGAPORE (Dow Jones)--Qantas Airways Ltd. (QAN.AU) isn&#39;t ready to lower the fuel surcharge on its tickets although oil prices have retreated from highs, the Australian airline&#39;s chief executive Geoff Dixon said Monday.
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still near the record high of $53 a barrel -- slipped a little Friday, as Nigerian union leaders and government officials entered last-minute talks to resolve a dispute over rising fuel prices.
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NEW DELHI: A key communist ally of Indiaâs Congress party-led coalition urged the government on Friday not to raise retail prices of petroleum products if possible despite soaring global oil prices.
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The effect of high crude oil prices continued to pinch consumers at the pump, with the average cost for gasoline rising 4.9 cents to the highest level in 14 months and diesel fuel soaring 6.3 cents to match the record set two years ago, the government said on Monday.
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Several OPEC members argued that the organization should raise its price band, but ministers remained deadset against hiking its official production quotas in a bid to stabilize the oil market.
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A hike in petrol, diesel and cooking gas prices was postponed yet again by the government today. The decision was taken after pressure from the Left, which wanted the price hike to be put off till after the
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Reliance Energy Ltd, headed by Anil Ambani, on Tuesday said it would not allow speculators to gain advantage of the &quot;extra-ordinary events&quot; related to the group during the share buyback period which has been extended by three months to March 17.
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OPEC President Purnomo Yusgiantoro said  on Friday he was concerned with the continuing rise in global  oil prices, but the cartel had not yet seen a cost-driven  increase in inflation.
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World crude prices climbed on Tuesday, as Qatar&#39;s energy minister said OPEC would not move next week to increase the cartel&#39;s oil output to battle tight global supplies amid strong energy demand.
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The Ministry of Environment does not have official information about an alleged decision of the European Commission to suspend financing for three ongoing environment projects.
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India and Pakistan stuck to their respectively stated positions on Kashmir and continued to have differences on the proposed Srinagar-Muzaffarabad bus service and the gas pipeline as Prime Minister Manmohan Singh held talks today with his visiting
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ABOARD PMâS AIRCRAFT: Prime Minister Manmohan Singh on Sunday appealed to the Left parties to realise that the hike in the prices of petroleum products had become unavoidable if the government wanted to execute social programmes for the poor as well as
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India News, New Delhi, Ending the suspense of the past few days, the government Friday decided not to increase prices of petroleum products, even as oil prices continued to rule at high levels in global markets.