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No shortage of LPG cylinders: IOC, BPCL

Government-run oil marketing companies (OMCs), including IndianOil (IOC) and Bharat Petroleum (BPCL), assured customers that there was sufficient availability of cooking gas and that the supply would not be interrupted during the upcoming festival season. According to the ruling, all LPG consumers are eligible for three subsidised domestic cylinders from September 14, 2012, to March 31, 2013. However, there is no restriction in the number of domestic non-subsidised cylinders that a customer can avail of beyond the subsidised refills. A subsidised cooking gas cylinder costs R425, while the non-subsidised refill is priced at R906.

Aviation turbine fuel prices cut by 3%

Jet fuel prices were on Monday cut by 3% on back of rising rupee, the second reduction in rates this month that will ease burden on cash-strapped airlines. Aviation turbine fuel (ATF) price at T3 terminal in Delhi was cut by R2,117 per kilolitre (kl), or 3%, to R68,399 per kl with effect from midnight tonight, according to IndianOil, the nation's largest fuel retailer. The reduction, which comes on back of a steep 4.3% (R3194.72 per kl) cut in rates effected from October 1, was possible as rupee firmed up against the US dollar making and cheaper international oil. Prior to these cuts, ATF price were hiked on five occasions since July.

GHIAL takes action against Mallya for cheque bounce

The GMR Hyderabad International Airport (GHIAL) on Monday initiated the process for issuing a non-bailable warrant ordered against Kingfisher Airlines chairman Vijay Mallya and four other officials in a cheque-bounce case by paying the necessary court fee. The Hyderabad court had ordered the warrant on Friday but it could be issued only on payment of the court fee by the airport operator, according to its advocate. The case, which has been posted for November 5, pertains to a payment of R10.5 crore to GHIAL towards charges for landing, parking and navigation. Kingfisher had issued four cheques to the airport but the instruments had been dishonoured. The magistrate had ordered the non-bailable warrants after the airline officials failed to appear in court on Friday.

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