Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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Govt plans to hike VAT on diesel in 2010
Get ready to pay more in 2010. The Delhi Government may withdraw subsidy on cooking gas cylinder. It may increase Value Added Tax rate from 12.5 per cent to 20 per cent on diesel in the Capital. Currently, the Delhi Government is losing to the tune of Rs 1,650 crore on several subsidies and anomalies in the VAT rate. Currently, Delhi Government is giving subsidy of Rs 40 per cyclinder on LPG.
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Finmin offers to pay 1/3rd of oilcos demand
THE finance ministry is unwilling to pay the entire Rs 31,700 crore demanded as compensation by the petroleum ministry on behalf of the state-owned oil companies
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End petrol subsidy, says ONGC
Ajay Modi & Jyoti Mukul / New Delhi January 16, 2010, 0:32 IST Oil and Natural Gas Corporation (ONGC) is in favour of full market price parity for retail sales of petrol and partial burden sharing by consumers of diesel, LPG and kerosene. The company has also suggested a formula for sharing the burden of an increase in crude oil prices beyond $60 a barrel.
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Govt awaits Parikh report to free oil
Petrol Price May Go Up By Rs 4.7, Diesel By Rs 2.3 Within Weeks Our Bureau NEW DELHI THE government may take a decision on freeing petrol and diesel prices after the Kirit Parikh committee on rationalising fuel subsidies submits its report this week, oil minister Murli Deora said.
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Govt trying not to raise petroleum prices: Deora
Petroleum Minister Murli Deora today said the government was trying its best not to increase the prices of petroleum products. Deora will meet Finance Minister Pranab Mukherjee tomorrow to seek higher subsidy for oil marketing companies (OMCs). He also said any decision on petroleum pricing would be taken up only after the Kirit Parikh committee submitted its report later this week.
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Panel for total decontrol of petrol, diesel prices
Sujay Mehdudia NEW DELHI: The Prime Minister-appointed Kirit Parikh committee on Wednesday recommended complete decontrol of the petrol and diesel prices and favoured a hike of Rs. 100 a domestic LPG cylinder and an increase of Rs. 6 a litre for kerosene.
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Get set to pay more at fuel station
Panel Wants Decontrol, Govt May Settle For Rs 3 Petrol Hike, Re 1 For Diesel
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Parikhs bold oil reforms may just slip on politics
APANEL headed by Kirit Parikh has suggested a clean break from the past, with market-linked prices for auto fuels and a sharp increase in the prices of kerosene and cooking gas, testing the willingness of the Manmohan Singh government to grapple with a problem that has defied a solution for decades.
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Booster for finances of state oil companies
Europe Shows Price Hike May Not Hit Growth Ramkrishna Kashelkar MUMBAI THE report submitted by the expert group headed by Mr Kirit Parikh on a viable and sustainable system of pricing of petroleum products if accepted by the government could boost the prospects of state-owned oil firms.
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Raise cooking, auto fuel prices, says Parikh Panel
Kirit Parikh The Kirit Parikh committee has recommended market-determined pricing for petrol and diesel. It has also recommended linking the price of domestic LPG and kerosene distributed through the Public Distribution System (PDS) to the increase in per capita GDP for urban population and agriculture GDP, respectively.