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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Petroleum product pricing and complementary policies: experience of 65 developing countries since 2009
Unable to cope fully with steadily climbing world oil prices since mid-2009, many of the 65 countries reviewed in this paper have progressed slowly or even reversed course in reforming pricing of petroleum
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Asian development outlook 2013: Asia’s energy challenge
<p><span id="itro1">This latest edition of Asian Development Outlook includes analysis of 45 economies in Asia & the Pacific including China and India. It features a special chapter on energy challenges
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Economic and social survey of Asia and the Pacific 2013
The 2013 edition of the Economic and Social Survey of Asia and the Pacific argues that macroeconomic policies can play a key role not only in supporting the economies of the region in the short term, but
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Supply diesel to KSRTC at subsidised rate: Kerala HC
State govt assures the court it will compensate the loss to the oil companies The Kerala high court on Thursday directed public sector oil companies -- Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) -- to supply diesel to the Kerala State Road Transport Corporation (KSRTC) at subsidised rate. In a petition filed by the corporation, a single bench opined that the stand of the oil companies was discriminatory. The state government has assured the court it would compensate the loss to the oil companies.
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Moily to move EGoM on gas allocation priorities
The petroleum ministry will approach a ministerial panel for a road map on a gas price pooling mechanism to help the power sector absorb the high costs of imported liquified natural gas (LNG) and prevent investments of over R1 lakh crore from becoming non-performing assets. Petroleum minister M Veerappa Moily said on Wednesday that he will move a note for the consideration of a high-powered ministerial group to change priority of allocation of the fuel as well as pooled pricing of imported and domestic gas. Moily was talking to reporters after meeting with a delegation of power producers including Anil Ambani (Reliance Power), GM Rao (GMR) and Madhusudan Rao (Lanco).
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Ministries on collision path over gas allocation
Fertiliser min to oppose planned move to give priority to power sector The oil ministry’s intent to give priority to the power sector for allocation of gas has raised an alarm in the fertiliser ministry. Sources have indicated that the fertiliser ministry will strongly oppose the move when oil ministry circulates the a note on gas allocation for approval of the empowered group of ministers’ (EGoM). It is also likely to seek higher priority for the fertliser sector so that benefits of cheaper fuel reach the country’s farming community.
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Opposition parties slam budget as anti–people
GUWAHATI: The Opposition parties on Monday criticized the 2013–14 State budget presented by Chief Minister Tarun Gogoi in the Assembly and slammed it as ‘anti–people’. Reacting to the budget, Asom Gana Parishad (AGP) president Prafulla Kumar Mahanta said, “It seems that the budget presented by the Chief Minister in the Assembly was prepared as per the directions of Asian Development Bank (ADB) and World Bank (WB). Most of the schemes proposed in the budget are likely to be taken up with the help of loan money.”
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Oilmin proposes body for shale gas exploration
India is set to join a select group of countries having a specialised agency mapping its shale gas potential. A proposal to this effect has already been worked out by the oil ministry. The proposed agency will fall under the central government. It will have the mandate to map the presence of shale gas across various states in the Gangetic plain, Assam, Rajasthan and many coastal areas. The agency will conduct studies on the basis of geological, geophysical and geochemical aspects of shale gas exploration, micro-seismic imaging, drilling, completion and production technologies and environmental hazards in shale gas exploitation.
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Tata's Mundra plant fully operational
Tata Power Co Ltd today fully synchronised the fifth and last unit of its ultra mega power project (UMPP) in Mundra, Gujarat, taking the project to its full capacity of 4,000 megawatts (Mw). Four units of this UMPP--800 Mw each--were commissioned in a single year, which the company calls "a new record". The addition of one of the country's largest power projects into the portfolio takes the total generation capacity of Tata Power, the country's largest private power utility, to 8,500 Mw.
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Petrol prices raised by Rs 1.40 per litre
Oil-marketing companies (OMCs) have decided to increase petrol prices by Rs 1.40 per litre with effect from Friday midnight. With this, petrol price in Delhi would be Rs 70.46 a litre now. The last price hike was on February 16. Between then and now, international petrol prices rose from $128.57 per barrel to $131 per barrel, which necessitated price revision, said an IndianOil Corporation (IOC) release. The rupee has also depreciated from Rs 53.43 to Rs 54.15 versus dollar in the same period.