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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Worsening global situation to have severe impact on India: ADB
Asian Development Bank (ADB) today cautioned that worsening global financial situation will have severe consequences for emerging economies like India and China. "This global slump (in US, Euro area and Japan) will have a serious slump on the region's major economies, particularly on India and China" ADB President Haruhiko Kuroda said at a FICCI seminar here.
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Contribution of renewable power towards eliminating shortages and meeting economic growth aspirations
This study examines the contribution of renewable energy towards meeting the country’s energy security while eliminating power shortages and meeting the economic growth aspirations over the next twenty
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Energy subsidy reform: lessons and implications
Energy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd-out priority public spending, and depress private investment,
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Diesel decontrol sparks fresh hopes for pvt oil marketers
Their first target could be bulk buyers but state-owned companies are well-entrenched in that market At 65 million tonnes per annum, diesel accounts for nearly 40 per cent of all petroleum products sold in the country. Not surprisingly, it is a huge opportunity for private oil marketing companies. Now that the government has decided to decontrol diesel prices for bulk users and allowed government-controlled oil marketing companies to raise retail prices in small monthly doses, private oil companies such as Reliance Industries, Essar Oil and Shell India have a real opportunity on their hands.
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Natural gas price set to rise 'more-than-double'
If the price rise is approved, it would raise costs for power and fertiliser companies and other natural gas buyers such as city gas distributors The pricing of natural gas is set for a major revamp. An empowered group of ministers is likely to approve new policy guidelines based on the Rangarajan committee report; this would more-than-double the price of domestic gas sold by Oil and Natural Gas Corporation and Oil India. If the price rise is approved, it would raise costs for power and fertiliser companies and other natural gas buyers such as city gas distributors.
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OMCs seek regulation of bulk diesel sales
Looking at ways to stop bulk diesel users from securing fuel from retail outlets With dual pricing for diesel in place, oil marketing companies (OMCs) are looking at ways to stop bulk diesel users from securing the fuel from retail outlets. The three public sector OMCs — Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation Limited — want the government to put in place regulations for this.
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Rangarajan formula prices gas at less than RIL's hope
Base price of domestic natural gas comes to around $7.4 per mBtu Analysts may be seeing a positive for Reliance Industries Ltd (RIL) in the Rangarajan panel’s recommendations on gas pricing, but the committee’s formula would work out the natural gas price at less than what RIL has been seeking for its KG-D6 block produce. Based on the panel’s formula, the base price of domestic natural gas comes to around $7.4 per million British thermal unit (mBtu), but the pricing formula proposed by RIL, officials say, translates the price into $13-14 an mBtu.
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Diesel Price Hikes Make Solar Power Attractive
Many commercial establishments are now switching to solar solutions for their captive power needs Rising petroleum prices are expected to benefit renewable energy solution providers as commercial establishments that use diesel generator sets for their captive requirements may find solar power attractive. The city gas distribution (CGD) players too expect commercial establishments to switch from diesel to piped natural gas in the areas where power supply is unreliable.
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Why it is difficult for India to cut its dependence on diesel
90% Of The Fuel Is Used For Intermediate Purposes Every few days, Rajkumar Sharma, manager of a group housing society in Noida, trots off to the nearby petrol pump for his quota of diesel for the society’s power generators. But his back-of-an-envelope calculations have got more urgent of late. “Our average monthly consumption is around 400 litres, which means a monthly expenditure of Rs 20,000-22,000. I’m sure this will now go up by at least 10-15%.” The decision to deregulate diesel prices may have been something the government could no longer delay, but the immediate impact being felt by those who are part of the ‘diesel economy’ is there for all to see.
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Refining, petchem back in reckoning for RIL
Sharp decline in production from flagship Krishna-Godavari basin has changed the business mix for the company An unimpressive performance on its exploration and production front has brought the refining and marketing and petrochemicals business back in the reckoning for Reliance Industries Ltd (RIL), India’s highest valued company. Over the quarters, a sharp decline in production from its flagship Krishna-Godavari basin, off the Andhra coast, has changed the business mix for the Mukesh Ambani-led company, with refining and marketing now contributing 78.2 per cent of the revenue base and 58 per cent of Ebit (earnings before interest, tax) margins.