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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The Impacts of India’s diesel price reforms on the trucking industry
In 2011-2012, the Government of India spent over USD$15 billion subsidizing fuel products such as diesel, kerosene and liquid petroleum gas. The government’s total subsidy expenditure increased by 27 per
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SC Stays Proceedings Against Diesel Decontrol
The Supreme Court has stayed all proceedings in various high courts against moves to decontrol diesel, clearing a big hurdle in the implementation of the liberal fuel policy, which the government said
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Govt may price gas $2 below Rangarajan panel suggestion
Domestic gas prices may be fixed at $2 lower than the $8.8-per-unit price discovered by the Rangarajan commitee constituted to suggest changes in the production-sharing contract and future domestic gas-pricing mechanism. Sources said the oil ministry agreed to the basic principle of gas pricing suggested by the panel, but wants it to be modified slighty to also take into account gas prices in countries such as Malaysia, Saudi Arabia, Qatar and Nigeria that account for a major portion of India's liquified natural gas imports.
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Implementing Ranga panel’s gas price formula may lead to subsidy spiral: Fertiliser ministry
The fertiliser ministry, in a note to the EGoM on domestic natural gas pricing, suggested that gas should not be priced more than $6 mmBtu. If the price is worked out as per the Rangarajan formula, doubling
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RIL may get nod for investing $1.5bn in 5-yr-old Cauvery find
New Delhi: Reliance Industries (RIL) may this month win approval for $1.45-billion investment for developing a natural gas find it has made in a Cauvery basin block off the Tamil Nadu coast several years ago. RIL had made the only discovery in the CY-DWN-2001/2 block in 2007 and had submitted a Declaration of Commerciality (DoC) for the find, which was named D-35, in March 2010 after it carried out drilling of an appraisal well. But the DoC, a pre-requisite for developing any discovery, was never approved by the Directorate General of Hydrocarbons (DGH) which said the find was not viable at $4.2 per million British thermal unit (mBtu) gas price.
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Govt yet to make up mind on Rangarajan panel proposals
The Rangarajan committee report was facing flak from the finance, power and fertiliser ministries over its recommendations on pricing The fate of the Rangarajan Committee's recommendations is hanging in the balance after the postponement of a meeting of empowered group of ministers (EGoM) on natural gas. Not only does there appear to be no meeting ground on the issue of a pricing formula proposed by the committee, the petroleum ministry wants another committee headed by Vijay Kelkar to look into the other major recommendation of moving to the revenue sharing model in exploration and production.
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The effect of biodiesel policies on world oilseed markets and Developing Countries
Using an empirical model, this study provides some insights into the functioning of the oilseed-biodiesel-diesel market complex in a large country that determines the biodiesel price, reflecting market
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Present alternative gas pricing formula to EgoM, FinMin tells Petroleum Ministry
While rejecting the formula suggested by the Rangarajan Committee on gas pricing, the Finance Ministry has asked the Petroleum and Natural Gas Ministry to place before the Empowered Group of Ministers
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Power tariff from plants may rise by 1
Govt’s Fertilizer Subsidy Bill Will Go Up By 10K Cr If Ranga Panel’s Formula Gets Nod Power tariff from gas-fired plants could jump by Re 1 per unit and the government’s annual fertilizer subsidy would rise by Rs 10,000 crore if the price of fuel pumped from domestic fields is doubled to $8.8 per unit in line with the formula suggested by a committee headed by PMEAC chairman C Rangarajan, the ministries of finance, power and fertilizer have said.
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Three ministries oppose Rangarajan committee's gas pricing formula
Rs 60,352-cr impact on power, urea makers; FinMin comes up with its own formula Even before an empowered group of ministers starts deliberating on a revision in natural gas prices, the finance, power and fertiliser ministries have raised a red flag on the recommendations of the Rangarajan panel. Only the Planning Commission seems to be in agreement with the committee’s proposal to use a proposed formula as “an interim or transitional solution” till March 2017.