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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Cap on LPG cylinders to be reviewed
Faced with increasing political heat and criticism within the party and outside, the Manmohan Singh government has put on hold the Rs. 26.50 hike in the price of non-subsidised LPG cylinders. It is also reviewing the cap of six LPG cylinders allowed to domestic consumers in a year. Sources in the government said that after the oil marketing companies (OMCs) hiked on November 1 the price of a non-subsidised LPG cylinder by Rs. 26.50 to Rs. 922 per unit on firming international rates, the government came under increasing pressure and criticism for effecting one hike after another.
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No proposal to raise RIL gas price till 2014, says OilMin
Says DGH examining company plan to bring back reserves to 3.4 tcf A day after being criticised by India Against Corruption (IAC), the government came out strongly against media reports related to its audit and gas pricing of the KG-D6 block, operated by Reliance Industries Limited (RIL). The government reiterated there was no proposal to revise the price of D6 gas before April 2014. The strongly worded government statement also said the managing committee that oversaw the contract with the operator had agreed to an additional expenditure of $1 billion, subject to RIL agreeing to an audit by the Comptroller and Auditor General (CAG).
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Non-subsidised LPG price hike halted
The move is aimed at passing on the marginal increase in international rates to domestic customers The government, facing stiff opposition, on Thursday put on hold the Rs 26.5 increase in price of cooking gas cylinders that consumers buy beyond their quota of six subsidised bottles. “The price hike has been put on hold,” a senior oil company official said, declining to give a reason. The official said there is no change in the decision to hike price of commercial LPG cylinders.
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Chamber hails new solar energy policy
Tamil Nadu Chamber of Commerce and Industry has welcomed the new Solar Energy Policy 2012, which targets generation of 3,000 MW through solar power by 2017 by mandating large power consumers to buy 6 per cent of their power needs from solar energy producers. In a statement, chamber senior president S. Rethinavelu said that the policy would enable industries to reduce their dependence on State-supplied power and the generators which were fast becoming expensive after increase in the diesel tariff. The move to provide incentives to attract domestic and foreign investors in solar power plants would bring about a reduction in costs, which are now on the higher side and out of reach for most domestic consumers.
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Why prop up RIL and let down NTPC, Kejriwal asks Manmohan
PM “sympathetic” to Reliance Industries’ demand for gas price revision India Against Corruption alleged on Wednesday that Prime Minister Manmohan Singh was batting for corporate houses, and the PMO was very “sympathetic” to Reliance Industries Limited’s demand for a revision in the gas price. “RIL’s request for an increase in the gas price was turned down by the Petroleum Ministry under the leadership of Jaipal Reddy and the Empowered Group of Ministers (EGoM) during the past two years. The EGoM had fixed a price of $4.2 per Million Metric British Thermal Units (mmBtu) for RIL and others, valid till March 31, 2014.
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Kejriwal trains his guns on RIL, wants gas pact cancelled
Attributes Jaipal’s ouster to his refusal to carry out Mukesh Ambani’s diktat India Against Corruption on Wednesday launched a scathing attack on the NDA government as well as the Manmohan Singh government
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Reddy red-flagged RIL gas price hike to EGoM
New Delhi In his last days at the Union petroleum ministry, S Jaipal Reddy had reiterated his opposition to a hike in the price of natural gas from the current $4.2 per unit at Reliance Industries’ KG-D6 block. If the company’s demand for price revision is accepted now, the exchequer could lose around $6 billion, Reddy said in a note prepared for the empowered group of ministers (EGoM) and a copy of which was sent to the attorney general (AG). After India Against Corruption’s Arvind Kejriwal revealed this and posted purported copies of Reddy’s note dated October 10 on its website on Wednesday, RIL came out with a statement denying the allegations.
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Cooking gas price hiked by Rs 26.50 to Rs 922 per cylinder
Price of non-subsidised cooking gas, which consumers buy beyond the quota of 6 cylinders was hiked on firming international rates The price of non-subsidised cooking gas (LPG), which consumers buy beyond the cheaper quota of six cylinders, was today hiked by Rs 26.50 to Rs 922 per unit on firming international rates. The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled six bottles at subsidised rates, will now cost Rs 922, up from Rs 895.50 in Delhi, according to Indian Oil Corp, the nation's largest fuel retailer.
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Carbon taxes, path dependency and directed technical change: evidence from the auto industry
Can directed technical change be used to combat climate change? This paper construct new firm-level panel data on auto industry innovation distinguishing between “dirty” and “clean” (e.g. electric and
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Power tariff to go up in Assam from Nov 1
After diesel price hike and bus-fare hike, consumers in Assam will have to bear another stiff hike. Power tariff in Assam will go up by Rs 1.03 from November 1, 2012. The hike will be under the Fuel and