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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Centre's diesel decontrol move upsets Punjab industrialists
Industrialists in Punjab are upset over the Centre’s decision to partially deregulate diesel prices, allowing an increase of 40-50 paise a litre per month. “The government’s decision to deregulate diesel prices partially has come as a shock to the industrial community. Diesel is the backbone of the industry as the transportation and the production process is dependent on it. The engineering exports are not doing well due to a slowdown in the global economy and instead of boosting exports, the government has increased diesel prices.
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Jaya’s party to take on Centre over Cauvery
Chennai: Stepping up her attack on the UPA Government, Tamil Nadu chief minister Jayalalithaa on Saturday announced a statewide protest by AIADMK in front of central government offices on January 24 over
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Diesel price hike for bulk consumers to push up rail, road fares, cement costs
A hike of nearly Rs. 10 a litre for the bulk diesel consumers that includes the railways, transport undertakings and the defence, cement, mines and power sectors will trigger an all-round hike in public road transport costs, rail fares, costs of cement and other infrastructure related activity across the country. The oil marketing companies (OMCs) have also quietly raised the price of the domestic non-subsidised LPG cylinder by Rs. 46.50, a move that is likely to impact those who consume more than nine cylinders a year.
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Diesel price hike to have benign impact on inflation: Montek
Hike would end under-recoveries of OMCs on sale of transport fuel in next 18 months Dismissing the contention that diesel price hike will push inflation, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it will have a benign impact on prices as consumers will be left with less money to buy other goods. "When you have a suppressed price and you raise that prices, then the people who are paying that higher price will have less money left to buy other things and that will soften the pressure in the market on other prices.
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Diesel price hike to have benign impact on inflation: Montek
Dismissing the contention that diesel price hike will push inflation, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it will have a benign impact on prices as consumers will be left
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Environmentalists welcome diesel price hike
Even while Opposition BJP and key UPA allies - the BSP and the DMK - went ballistic against the government’s decision on diesel price hike, the attempt to gradually bring down the differential between
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Left, Trinamool hit out at the Centre over diesel price hike
Leaders of trade unions affiliated to Left parties on Thursday severely criticised the Centre’s decision to allow oil marketing companies to increase the price of diesel and said the move will “aggressively stimulate inflation”. “There will be dangerous implications of the Centre’s decision to decontrol the prices of diesel. It will aggressively stimulate inflation. The food inflation which is about 10 per cent will increase rapidly,” said Gurdudas Dasgupta, general secretary of the All India Trade Union Congress (AITUC), the labour arm of the Communist Party of India.
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Govt. raises LPG cap to 9 cylinders per year
Even as the Union Cabinet gave its nod on Thursday to raise the cap on supply of subsidised LPG cylinders to nine cylinders from six per year per household, the oil marketing companies (OMCs) were gearing up to marginally raise the diesel prices, which could happen by Thursday itself. The Cabinet Committee on Political Affairs (CCPA), which met under the leadership of Prime Minister Manmohan Singh, authorised the OMCs to periodically raise the diesel prices in small quantum to cover up the Rs. 9.60 paise per litre loss being incurred by them.
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Oil firms allowed to fix diesel price subsidised LPG cap raised
Govt has permitted oil companies to increase diesel price by 45 paise a month Bulk consumers will have to pay market price, to be revised every fortnight; Consumers would get nine subsidised cooking gas cylinders a year, instead of six at present. Unwilling to announce a hike in diesel price, the government on Thursday allowed oil marketing companies to increase the price in small doses periodically and bring it in line with global rates. To begin with, an immediate increase of 45 paise a litre was announced for sales through retail outlets, while bulk consumers, which add Rs 12,907 crore to the subsidy burden, would have to pay market price, to be revised every fortnight.
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Raising diesel, gas, kerosene prices, LPG cap on Cabinet agenda today
The cabinet meeting on Thursday is set to consider the petroleum ministry’s proposals to increase diesel, cooking gas and kerosene prices, a move the government aims to partly offset by raising the ceiling on the number of subsidized LPG cylinders. If approved, the new prices will take effect from midnight Thursday. “The agenda on petroleum product price rise and the cap on LPG cylinders will be handed out to ministers at tomorrow’s cabinet meeting,” sources said.