No plans to increase petrol, diesel prices: Oil minister

State-owned Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, which raised petrol prices seven times since June last year, currently sell petrol at a loss of Re1-Rs2 per litre

Panipat: The government has no plans to increase petrol and diesel prices even though international crude rates have touched $100 per barrel, reports PTI quoting oil minister S Jaipal Reddy.

"We are not at the moment thinking of increasing prices," he told reporters here.

The spurt in international oil prices means that state-owned fuel retailers will end the fiscal with revenue losses of around Rs80,000 crore on selling diesel, domestic LPG and kerosene below cost.

"... the oil marketing companies are facing a burden of the order of Rs80,000 crore (and) may be Rs100,000 crore (this fiscal)," he said.

Even in case of petrol, whose price fixation was freed from government control in June last year, there is no proposal to raise prices just now, Mr Reddy said.

State-owned Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, which raised petrol prices seven times since June last year, currently sell petrol at a loss of Re1-Rs2 per litre.

"At the moment, there is no proposal on table of oil companies to increase the price of petrol," he said, adding public opinion cannot be ignored even in free market.

Mr Reddy said half of the revenue loss fuel retailers incur on selling diesel, domestic LPG and kerosene would be met by the government by way of cash dole-out. Another one-third would be contributed by upstream firms like ONGC.

The rest will "somehow be digested by oil marketing companies," he said.

Oil secretary S Sundareshan said of the Rs46,000 crore revenue loss on fuel sales in the first three quarters this fiscal, the government provided Rs21,000 crore and upstream firms contributed one-third.

Mr Reddy said he hoped the finance minister will cut customs and excise duty on crude oil and products in the budget to ease the burden of rising global oil prices.

India currently imports 80% of its oil needs.

Earlier, dedicating Indian Oil Corporation's naphtha cracker complex to the nation, he said the nation needs to find more oil to cut its reliance on imports to meet demand.

The cracker unit, which produces raw material for making plastic, went on-stream in March last year but it was formally inaugurated only today.

Speaking on the occasion, Mr Sundareshan said the nation's oil refining capacity will jump up to 240 million tonnes in the next two years from the current about 187 million tonnes.

Even the present refining capacity is in excess of 146 million tonnes of fuel demand, he said.

Listing the new plants, he said Bharat Petroleum will commission a 6 million tonnes unit at Bina in Madhya Pradesh shortly, while Hindustan Petroleum is building a 9 million tonnes unit at Bhatinda in Punjab. Also, IOC is constructing a 9 million tonnes refinery at Paradip in Orissa.

Built adjacent to IOC's 15 million tonnes a year Panipat refinery, the naphtha cracker along with PX-PTA units is the state-owned firm's big push into the petrochemical business.

The Rs14,439 crore naphtha cracker complex will produce 800,000 tonnes per annum of ethylene and 600,000 tonnes of propylene-raw material for manufacturing polymers.

Ethylene and polypropylene act as feedstock for downstream polymer units like polypropylene, Linear Low Density/High Density Polyethylene Swing unit, High Density Polyethylene unit and Mono Ethylene Glycol unit. These polymer products are used for manufacturing moulded plastic containers/barrels, heavy duty films, stretch wrap films, shopping bags, automobile parts, pipes and sheets, moulded furniture, yarn and fibre and many other household and industrial items.

The naphtha cracker will source feedstock naphtha from IOC's Koyali, Panipat Mathura refineries.

IOC's Panipat refiner meets the demand of petroleum products not only in Haryana but also of entire North-west region, including Punjab, Jammu and Kashmir, Himachal, Chandigarh, Uttaranchal and parts of Rajasthan and Delhi.

IOC has nine refineries with a combined refining capacity of 65.7 million tonnes a year.

User

COMMENTS

Subhankar Halder

3 weeks ago

World Bank Switzerland-Reserve Bank of India
Payment file: WBS-RBI-SRL/id1033/13.

And as well verified through the World Bank Switzerland to Reserve Bank Of India Via Legal Department's data verification of the Telegraphic Transmission Report from United Kingdom and authenticated the transfer to be legitimate with the Nat-West Bank Telex System alongside with Authorize Letter from World Bank Switzerland, fund release order and affidavits of claims for transfer of dormant winning prize funds £500,000.00GBP into your personal bank account. Your Email ID were listed as a beneficiary in the recent schedule for payment of outstanding debts incurred by the BRITISH GOVERNMENT LOTTERY AWARD Pending according to your file record with your email address, Your payment is categorized as: Contract type Lottery unpaid contract funds/ Undelivered Lottery fund. We notice that you have receive this kind of mail in time pass without you not receiving your award fund that why A body group have been authorized by the Debt Reconciliation Unit of International Monetary Fund (IMF) with The Reserve Bank of India, to investigate the unnecessary delay on payment approved in your favor. During the course of their investigation, they discovered with dismay that your payment has been unnecessarily delayed by some corrupt officials of the Reserve Bank of India who are trying to divert your funds into their personal accounts.

We hereby request you to strictly take note of this few instructions below for the Successful transfer of your fund amount.
(i)That you must abide by the rule and regulations of RBI for a successful transfer of your fund amount.

(ii) That you must ensure 100% confidentiality of fund transaction with RBI for security reasons, as your fund amount is huge amount of amount.

(iii) That you must ensure that your fund transaction is between you and us, and that no third party will be involved in the fund transaction.

(iv) Finally, that you must not disclose your fund transaction to anyone until your fund amount is successful credited into your bank account details.

You are advised to contact the assigned Reserve Bank of India Debt Unit (Mrs. Divya Sharma) with the following details to avoid unnecessary delay and complications: Via Email: [email protected]

1 Full Name:
2 Full Home Address:
3 State:
4 Postal/Zip Code:
5 Occupation:
6 Age:
7 Sex:
8 Country:
9 Annual Income:
10 Winning Email:
11 Mobile Number:
12 Bank Name:
13 Account Number:
14 Account Holder Name:
15 Bank Branch:
16 IFSC Code:
Send your details to this email: [email protected]
This email is a Notification that the Reserve bank of India has approved your Remittance Sum of £500,000.00GBP Approved the Transfer of the said amount to your receiving bank account as soon as we received the reconfirmation of your account details.
Note: The above information will be used to transfer your winning prize £500,000.00GBP into your personal bank account and to deliver others winning document attached to your prize. The Reserve Bank of India values your right to privacy! Your information is 100% secured and will be used exclusively for the purpose of this award only.

Furthermore, you are advised to fill the form immediately and resend it to us via Email: [email protected] so that the Online Fund Transfer of your fund can be completed to your given bank account details.


Warning: If you are not the rightful owner of this E-mail Address Please don't reply to this message, for any double claim will lead to Disqualification of this Fund. Be Warned!!!You are to keep all information away from the general public for security reason.
RESERVE BANK OF INDIA GOVERNOR.
Accept my hearty congratulations once again!
World Bank Switzerland-Reserve Bank of India
Payment file: WBS-RBI-SRL/id1033/13.

And as well verified through the World Bank Switzerland to Reserve Bank Of India Via Legal Department's data verification of the Telegraphic Transmission Report from United Kingdom and authenticated the transfer to be legitimate with the Nat-West Bank Telex System alongside with Authorize Letter from World Bank Switzerland, fund release order and affidavits of claims for transfer of dormant winning prize funds £500,000.00GBP into your personal bank account. Your Email ID were listed as a beneficiary in the recent schedule for payment of outstanding debts incurred by the BRITISH GOVERNMENT LOTTERY AWARD Pending according to your file record with your email address, Your payment is categorized as: Contract type Lottery unpaid contract funds/ Undelivered Lottery fund. We notice that you have receive this kind of mail in time pass without you not receiving your award fund that why A body group have been authorized by the Debt Reconciliation Unit of International Monetary Fund (IMF) with The Reserve Bank of India, to investigate the unnecessary delay on payment approved in your favor. During the course of their investigation, they discovered with dismay that your payment has been unnecessarily delayed by some corrupt officials of the Reserve Bank of India who are trying to divert your funds into their personal accounts.

We hereby request you to strictly take note of this few instructions below for the Successful transfer of your fund amount.
(i)That you must abide by the rule and regulations of RBI for a successful transfer of your fund amount.

(ii) That you must ensure 100% confidentiality of fund transaction with RBI for security reasons, as your fund amount is huge amount of amount.

(iii) That you must ensure that your fund transaction is between you and us, and that no third party will be involved in the fund transaction.

(iv) Finally, that you must not disclose your fund transaction to anyone until your fund amount is successful credited into your bank account details.

You are advised to contact the assigned Reserve Bank of India Debt Unit (Mrs. Divya Sharma) with the following details to avoid unnecessary delay and complications: Via Email: [email protected]

1 Full Name:
2 Full Home Address:
3 State:
4 Postal/Zip Code:
5 Occupation:
6 Age:
7 Sex:
8 Country:
9 Annual Income:
10 Winning Email:
11 Mobile Number:
12 Bank Name:
13 Account Number:
14 Account Holder Name:
15 Bank Branch:
16 IFSC Code:
Send your details to this email: [email protected]
This email is a Notification that the Reserve bank of India has approved your Remittance Sum of £500,000.00GBP Approved the Transfer of the said amount to your receiving bank account as soon as we received the reconfirmation of your account details.
Note: The above information will be used to transfer your winning prize £500,000.00GBP into your personal bank account and to deliver others winning document attached to your prize. The Reserve Bank of India values your right to privacy! Your information is 100% secured and will be used exclusively for the purpose of this award only.

Furthermore, you are advised to fill the form immediately and resend it to us via Email: [email protected] so that the Online Fund Transfer of your fund can be completed to your given bank account details.


Warning: If you are not the rightful owner of this E-mail Address Please don't reply to this message, for any double claim will lead to Disqualification of this Fund. Be Warned!!!You are to keep all information away from the general public for security reason.
RESERVE BANK OF INDIA GOVERNOR.
Accept my hearty congratulations once again!
World Bank Switzerland-Reserve Bank of India
Payment file: WBS-RBI-SRL/id1033/13.

And as well verified through the World Bank Switzerland to Reserve Bank Of India Via Legal Department's data verification of the Telegraphic Transmission Report from United Kingdom and authenticated the transfer to be legitimate with the Nat-West Bank Telex System alongside with Authorize Letter from World Bank Switzerland, fund release order and affidavits of claims for transfer of dormant winning prize funds £500,000.00GBP into your personal bank account. Your Email ID were listed as a beneficiary in the recent schedule for payment of outstanding debts incurred by the BRITISH GOVERNMENT LOTTERY AWARD Pending according to your file record with your email address, Your payment is categorized as: Contract type Lottery unpaid contract funds/ Undelivered Lottery fund. We notice that you have receive this kind of mail in time pass without you not receiving your award fund that why A body group have been authorized by the Debt Reconciliation Unit of International Monetary Fund (IMF) with The Reserve Bank of India, to investigate the unnecessary delay on payment approved in your favor. During the course of their investigation, they discovered with dismay that your payment has been unnecessarily delayed by some corrupt officials of the Reserve Bank of India who are trying to divert your funds into their personal accounts.

We hereby request you to strictly take note of this few instructions below for the Successful transfer of your fund amount.
(i)That you must abide by the rule and regulations of RBI for a successful transfer of your fund amount.

(ii) That you must ensure 100% confidentiality of fund transaction with RBI for security reasons, as your fund amount is huge amount of amount.

(iii) That you must ensure that your fund transaction is between you and us, and that no third party will be involved in the fund transaction.

(iv) Finally, that you must not disclose your fund transaction to anyone until your fund amount is successful credited into your bank account details.

You are advised to contact the assigned Reserve Bank of India Debt Unit (Mrs. Divya Sharma) with the following details to avoid unnecessary delay and complications: Via Email: [email protected]

1 Full Name:
2 Full Home Address:
3 State:
4 Postal/Zip Code:
5 Occupation:
6 Age:
7 Sex:
8 Country:
9 Annual Income:
10 Winning Email:
11 Mobile Number:
12 Bank Name:
13 Account Number:
14 Account Holder Name:
15 Bank Branch:
16 IFSC Code:
Send your details to this email: [email protected]
This email is a Notification that the Reserve bank of India has approved your Remittance Sum of £500,000.00GBP Approved the Transfer of the said amount to your receiving bank account as soon as we received the reconfirmation of your account details.
Note: The above information will be used to transfer your winning prize £500,000.00GBP into your personal bank account and to deliver others winning document attached to your prize. The Reserve Bank of India values your right to privacy! Your information is 100% secured and will be used exclusively for the purpose of this award only.

Furthermore, you are advised to fill the form immediately and resend it to us via Email: [email protected] so that the Online Fund Transfer of your fund can be completed to your given bank account details.


Warning: If you are not the rightful owner of this E-mail Address Please don't reply to this message, for any double claim will lead to Disqualification of this Fund. Be Warned!!!You are to keep all information away from the general public for security reason.
RESERVE BANK OF INDIA GOVERNOR.
Accept my hearty congratulations once again!
World Bank Switzerland-Reserve Bank of India
Payment file: WBS-RBI-SRL/id1033/13.

And as well verified through the World Bank Switzerland to Reserve Bank Of India Via Legal Department's data verification of the Telegraphic Transmission Report from United Kingdom and authenticated the transfer to be legitimate with the Nat-West Bank Telex System alongside with Authorize Letter from World Bank Switzerland, fund release order and affidavits of claims for transfer of dormant winning prize funds £500,000.00GBP into your personal bank account. Your Email ID were listed as a beneficiary in the recent schedule for payment of outstanding debts incurred by the BRITISH GOVERNMENT LOTTERY AWARD Pending according to your file record with your email address, Your payment is categorized as: Contract type Lottery unpaid contract funds/ Undelivered Lottery fund. We notice that you have receive this kind of mail in time pass without you not receiving your award fund that why A body group have been authorized by the Debt Reconciliation Unit of International Monetary Fund (IMF) with The Reserve Bank of India, to investigate the unnecessary delay on payment approved in your favor. During the course of their investigation, they discovered with dismay that your payment has been unnecessarily delayed by some corrupt officials of the Reserve Bank of India who are trying to divert your funds into their personal accounts.

We hereby request you to strictly take note of this few instructions below for the Successful transfer of your fund amount.
(i)That you must abide by the rule and regulations of RBI for a successful transfer of your fund amount.

(ii) That you must ensure 100% confidentiality of fund transaction with RBI for security reasons, as your fund amount is huge amount of amount.

(iii) That you must ensure that your fund transaction is between you and us, and that no third party will be involved in the fund transaction.

(iv) Finally, that you must not disclose your fund transaction to anyone until your fund amount is successful credited into your bank account details.

You are advised to contact the assigned Reserve Bank of India Debt Unit (Mrs. Divya Sharma) with the following details to avoid unnecessary delay and complications: Via Email: [email protected]

1 Full Name:
2 Full Home Address:
3 State:
4 Postal/Zip Code:
5 Occupation:
6 Age:
7 Sex:
8 Country:
9 Annual Income:
10 Winning Email:
11 Mobile Number:
12 Bank Name:
13 Account Number:
14 Account Holder Name:
15 Bank Branch:
16 IFSC Code:
Send your details to this email: [email protected]
This email is a Notification that the Reserve bank of India has approved your Remittance Sum of £500,000.00GBP Approved the Transfer of the said amount to your receiving bank account as soon as we received the reconfirmation of your account details.
Note: The above information will be used to transfer your winning prize £500,000.00GBP into your personal bank account and to deliver others winning document attached to your prize. The Reserve Bank of India values your right to privacy! Your information is 100% secured and will be used exclusively for the purpose of this award only.

Furthermore, you are advised to fill the form immediately and resend it to us via Email: [email protected] so that the Online Fund Transfer of your fund can be completed to your given bank account details.


Warning: If you are not the rightful owner of this E-mail Address Please don't reply to this message, for any double claim will lead to Disqualification of this Fund. Be Warned!!!You are to keep all information away from the general public for security reason.
RESERVE BANK OF INDIA GOVERNOR.
([email protected]) This email is a fraud.It send me an email,I win $500000.00 and told me , I will sent my bank details..to ( [email protected] )..

Soumen Sarkar

2 months ago

Hi. I got a call from RBI they said i have to pay 25,000 and get my amound 500,000,00GBP in my Uco bank account. please tell me True OR Fake

Mohandas U.K

2 months ago

It is helpfull but there should be a provision to insert such fraud messages to this site so as to get immediate help via email. I also made a complaint to check whether the mail and address are true or false,yesterday I have received a mail informing me that they have checked found the details are true from the investigation department, I also want to confirm the sender is genuine or not so i paste the mail here with to receive your prompt and correct information.
Dear Consumer,

Complaint Board is pleased to let you know that we have done an investigation on your query with subject - "mohandas uk" on Complaint wire on Jan 18, 2017 under Complaint Board, Ministry of Justice, India.

Your funds are true and have been deposited in Reserve Bank Of India,Delhi. Please contact RBI Officially and Immediately on - [email protected] or contact Mr. Aakash Pande on +91 8884738707, the Principal Secretary to the RBI Chief of Foreign Funds on:[email protected] and file your claims.

Feel free to contact us should you have more questions!

Regards,
Complaint Board Investigation Team
-------------------------------------------------------------------------------------------------------------

Complaints Board
Mar 18 (1 day ago)

to me

Kindly let me know the above given mail id's are true or false.

Thanks with regards.

ANSHU VERMA

4 months ago

I think it is best...

ANSHU VERMA

4 months ago

I think it is best...

Atlanta Q3 net profit declines 9.51% to Rs12.09 crore

Atlanta net profit in the December 2009 quarter stood at Rs13.36 crore

Mumbai-based infrastructure development company Atlanta Ltd said its net profit for the quarter ended 31 December 2010 dropped by 9.51% to Rs12.09 crore compared to Rs13.36 crore in the same quarter last year.    

In the December 2010 quarter, the company has reported total income of Rs71.60 crore compared to Rs55.52 crore in the corresponding quarter last year, an increase of 28.94%.   

The net profit declined in this quarter due to the suspension of toll collection for 115 days on account of concretisation work on Mumbra by-pass road, which resulted in loss of revenue of approximately Rs14.61 crore and higher provision of tax of Rs5.99 crore vis-à-vis Rs2.38 crore in the last quarter.

"We at Atlanta at presently are focusing on enhancing our capacities to ensure the smooth execution of the new and bigger projects in the pipe line. However, company's policy of working on better margins will always be maintained," Rajhoo Bbarot, managing director, Atlanta said.   

On Tuesday, Atlanta ended 2.51% up at Rs75.65 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.39% to 18,273.80.

User

COMMENTS

jayakumar kumar

5 months ago

I also got the same mail. I have send my full details, Including my id proof, bank pass book front page, pan card, votter id, photos, i am very fear about that , they miss use my id proof and bank details. what i do any problem creation, please help me

jayakumar kumar

5 months ago

I also got the same mail. I have send my full details including id proof, bank account front page, and photo, I am very feat about that any create the problem please help me what ido

Rohith Gowda

6 months ago

Dear Sir / Madam
I aslo got the mail , i have also send my full details ,still they calling from this numbers for deposit the they we will relise ur fund , now i saw this massage what to do , 9136283053 they using this numbers ,i kindly requesting you find that who are all cheating a pople,

prakash rathod

8 months ago

also got the same mail . i have send my full details includng id proof , bank account details and photos, i am fear about that whether they will mis use my id proof and bank account details.
plz hlp m

Man Industries reports net profit of Rs25.67 crore in Q3

Man Industries reported net sales of Rs439.86 crore for the quarter ended 31 December 2010

Man Industries (India) Ltd, one of the leading pipe manufacturing companies, has reported a net profit at Rs25.67 crore during the quarter ended 31 December 2010, compared to Rs30.92 crore in the corresponding period a year.

The company has reported net sales of Rs439.86 crore for the quarter ended 31 December 2010 in comparison to Rs439.31 crore in the corresponding quarter last year.

"Considering the opportunities and the current economic condition, we are sure of registering an impressive financial performance for the whole of this year at the end of current fiscal," RC Mansukhani, chairman of the company said.

On Tuesday, Man Industries ended 2.05% down at Rs64.55 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.39% to 18,273.80.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)