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 pricing policy: A viable alternative
This article critically evaluates the government's pricing policy for petroleum products in India. It looks carefully at the notion of "under-recoveries" oil companies and attempts to compare it with their
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Parliamentary panel orders Ministry study of Reliance gas production row
Parliament’s Standing Committee on Finance has ordered a comprehensive study into allegations that Reliance Industries Limited may have deliberately scaled back production of gas from fields in the Krishna-Godavari
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Petrol to get cheaper by 95 paise/l from today
Mumbai In what could be a festival gift for consumers from oil marketing companies, the price of petrol has been reduced by 95 paise per litre effective Friday. But the relief may be shortlived as state-owned retail entities have expressed concern over the “significant” volatility in dollar-rupee exchange rate that may end the present run of price cuts for petrol. Oil companies last reduced petrol prices on October 8 marginally by about Rs 0.57 per litre on account of softening of product prices globally on weak demand.
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Reliance seeks threefold hike in KG-D6 gas price
New Delhi Amid the controversy over the pricing of gas at its KG-D6 block, Reliance Industries (RIL) has reiterated its demand for a steep hike in the price in a letter to the prime minister’s economic
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‘Project Lakshya’ streamlines LPG supply
OMCs use new software to track fake connections The Petroleum and Natural Gas Ministry has launched “Project Lakshya” to reduce waiting time for delivery of LPG cylinders and track duplicate connections, by enrolling the assistance of the National Informatics Centre (NIC) and the Pune-based Centre for Development of Advanced Computing (C-DAC) through a new software.
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India to pay state fuel retailers $5.5 bn oil subsidy
IOC, the largest fuel retailer, will receive a government subsidy of about 161 billion rupees India will pay 300 billion rupees to state-owned fuel retailers forced to sell at cheaper government-set rates in the first half of the year, said three sources who saw the finance ministry's confirmation letter. The government fixes retail prices of liquefied petroleum gas, kerosene and diesel to protect the poor, leading to revenue losses at state-run Indian Oil Corp (IOC) , Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) .
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Free LPG cylinders
The Delhi Government on Wednesday decided to provide a free LPG cylinder for the first time to beneficiaries under “Kerosene-free Delhi” scheme and to subsidise three additional cylinders for all 356,395 beneficiaries under the scheme. Under the scheme, which was approved by the Cabinet on June 26 and which would make Delhi the first kerosene-free State, all AAY/BPL/JRC ration card-holders using kerosene oil were being given LPG cylinders, two burner gas stoves, Suraksha rubber pipes and blue booklets, said Chief Minister Sheila Dikshit. To make the scheme fully operational and purposeful, the Cabinet now decided to give all beneficiaries cylinders.
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Nalco’s operational issues may put spanner in stake sale plans
Mumbai Govt looks to sell 12.15% through OFS route to raise about R1,400 crore The government has, on several occasions, indicated that it plans to embark upon its FY13 divestment plan by selling 10-12% stakes in natural resources giants National Aluminium company (Nalco) and National Mineral Development corporation (NMDC). While market observers believe that NMDC is an attractive bet due to the regulatory issues faced by rival Sesa Goa, they think Nalco may not see similar interest from investors given its operational problems.
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Cost-effective green fuel for the kitchen
With half to five kg of waste, burn stove for more than two hours With a cap on the supply of LPG domestic cylinders at subsidised prices, kitchens can make use of alternative options. Some in Coimbatore have done so and also gone green with biogas plants. A simple system that includes two drums, hose, and stove can turn the kitchen and garden waste at home into fuel.
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Energy PSUs eye diversification
Mumbai Soaring crude prices and pressure back home to keep rates lower is forcing government-run hydrocarbon firms to diversify into non-oil and gas sectors. Oil & Natural Gas Corporation (ONGC), which supplies crude to oil refiners at a lower price as part of a government subsidy plan, said its board has approved a plan to enter nuclear power and will soon start discussions with the Nuclear Power Corporation of India (NPCIL) for partnering their projects.