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Letters: ...but not for companies
The brutal increase in petrol price by Rs 7.50 per litre will badly affect all companies that pay petrol or diesel allowances to its employees. A majority of the employees who get petrol or diesel allowances submit bogus bills. Moreover, this allowance is not taxed. To curb the malpractice of claiming bogus fuel expenses, this allowance should be included in the income of the employee. This will increase

Sensex regains 16,000 level on diesel, LPG price rise hopes

The BSE benchmark Sensex rose 1.7 per cent on Thursday, its biggest percentage gain in nearly two months, after a steep rise in petrol prices boosted oil stocks such as ONGC, by kindling hopes of

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Letters: Fuel price hike is a blessing

The sharp increase in petrol prices comes as a blessing in disguise. Indian cities have seen an alarming increase in vehicular traffic that has resulted in traffic jams, parking woes and so on. A

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No oil price review before June 1, two states cut tax

On a day of high political drama, oil marketing companies decided to put to rest speculation of a rollback in petrol prices and said a review would be possible only on June 1. Key United Progressive

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ONGC stock soars on petrol price rise
Shares of Oil and Natural Gas Corp (ONGC), one of the most-valued Indian companies, surged 5.74 per cent on Thursday, thanks to a steep rise in petrol prices.

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Oil bounces back after falling below $90 a barrel
Oil bounced back Thursday, a day after falling below $90 per barrel for the first time in months.

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