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India aviation ministry proposes slashing jet fuel taxes
India's civil aviation ministry has proposed slashing state taxes on jet fuel, which may significantly bring down costs for ailing local airlines that are reeling under a debt load of $20 billion and annual losses of $2 billion. The ministry has sought opinion from stakeholders on reducing state taxes on jet fuel to a uniform 4 percent, according to a discussion paper posted on its website. Different

This market's for passive investment

The health of the personal vehicle industry is a pretty good way to judge consumption demand in an economy. A vehicle is a big-ticket purchase and higher sales growth is more or less a guarantee of

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Petrol price cut by 2 rupees a litre after public furore

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UPDATE 1-Bangladesh to buy 1.35 mln T gasoil, 190,000 T jet
* High global price and demand pile on subsidy pressure

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Slowdown, high fuel prices reflect on auto sales

High fuel prices, interest costs and weak consumer appetite owing to slowing economic growth have led to disappointing auto volumes in May, which is also reflecting in the 29 per cent fall in sales of

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Devangshu Datta: A farcical fuel policy

In a recent terse announcement, ONGC Videsh Ltd (OVL), the overseas investment arm of the Oil and Natural Gas Corporation (ONGC), reported that the production of oil and oil-equivalent gas

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