The sunny side of Asia
This study explores the growth of solar power in seven key Asian countries, the potential for future growth and the avoided fossil fuel costs due to solar electricity generation between January and June
Fuel Pricing
-
Rs. 27 a litre fixed for ethanol for blending
Sujay Mehdudia<br /><br />NEW DELHI: After months of deliberations, the Union Cabinet on Monday decided to fix an interim price of Rs.27 for a litre of sugarcane-extracted ethanol for blending with petrol.<br /><br />However, the final price will be set on the recommendations of a committee of experts.<br />
-
Price of ethanol fixed at Rs 27 a litre for blending
The government today gave its formal approval to the introduction of five per cent ethanol-blending in petrol, at a price of Rs27 per litre for ethanol.<br /><br />The Cabinet Committee on Economic Affairs (CCEA) cleared the proposal for implementation of the ethanol programme in all states except Jammu and Kashmir, Andaman and Nicobar, Lakshadweep and northeastern states.<br />
-
Is petroleum pricing all gas?
THE Organization of the Petroleum Exporting Countries (Opec) claims on its website that it sold crude oil (2004-08) worth $3,346 billion to G-7 countries, but G-7 countries got $3,418 billion by way of taxes on the price. Opec says the real villains are the governments that use petrol as a means of taxation.
-
Marginal hike in fuel prices
Petrol and diesel prices across the country will increase by 9-13 paise a litre with effect from Tuesday midnight, after the government decided to increase the commission to petrol pump dealers. In Delhi, the price of petrol will go up by 13 paise to Rs 51.56 a litre, while diesel will be 9 paise costlier to Rs 37.71 per litre.
-
Upstream oil firms gain from retail price rises
Fuel price rise in June brings down subsidy burden by 45%. In what will enhance the financial performance of upstream oil companies, the subsidy burden on Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and GAIL Ltd has decreased by 45 per cent in a single quarter thanks to the June fuel price rises. The government uses a one-third burden sharing formula.
-
Diesel price deregulation uncertainty could affect IOC, ONGC issue price: Montek
The Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, has said that the uncertainty over deregulation of diesel price could impact the issue price of the oil companies. He was responding to a specific query from Business Line on whether the deregulation issue could impact the forthcoming follow-on offers of Indian Oil Corporation and ONGC. Speaking at sidelines of the Petrotech
-
Pay full market price of diesel, Jairam tells SUV owners
ENVIRONMENT Minister Jairam Ramesh renewed his attack on the use of diesel of luxury cars and shrugged off protests by some manufacturers of Sports Utility Vehicles (SUV), saying the government controls the price of the fuel only to help farmers, not the rich. The government earns tax revenue from diesel sales, but does not allow its retail price to rise to the prevailing international leve
-
Auto fuels set to cost 2/L more as crude hits $90
Price hike to improve financial health of state-run oil marketing firms, but heat up inflation OIL companies plan to raise petrol and diesel prices by 2 a litre after a week as crude touched a two-year high of $90 a barrel on Tuesday, a move that will boost the finances of state-run firms but stoke inflation.
-
Auto fuels set to cost 2/L more as crude hits $90
Price hike to improve financial health of state-run oil marketing firms, but heat up inflation Rajeev Jayaswal NEW DELHI OIL companies plan to raise petrol and diesel prices by 2 a litre after a week as crude touched a two-year high of $90 a barrel on Tuesday, a move that will boost the finances of state-run firms but stoke inflation.
-
Govt presses pause on diesel, LPG hikes
PM Expresses Concern Over Effect On People New Delhi: Consumers may be in a soup over sky-rocketing prices of onion and tomoto, but they can expect some relief on at least one front. The government has hit the pause button on raising diesel and cooking gas prices for fear of fuelling a spiralling effect on the cost of all goods and services.