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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Let Mid-day Meal Plan Use Cheaper LPG this Yr: Sibal Urges Oilmin
Human resource minister Kapil Sibal has urged the oil ministry to allow the use of subsidised cooking gas for mid-day meals for the current fiscal year to help prevent additional expenditure of . 653 crore
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RIL request for gas price hike rejected
New Delhi: The oil ministry has rejected RIL’s request for revising the price of gas from the company’s Andhra offshore field before the due date of April 1, 2014. RIL had asked for a price of $14.2-14.5
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RIL plea for gas price hike rejected
Oilmin Says New Rates Would Push Up Govt’s Subsidy Burden By $6.3Bn New Delhi: The oil ministry has rejected RIL’s request for revising price of gas from the company’s Andhra offshore field before the
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Jaipal Reddy rules out further hike in diesel, LPG prices
Ruling out any further hike in the prices of diesel and domestic LPG, Petroleum and Natural Gas Minister Jaipal Reddy said on Tuesday he was wary of applying another round of price hike though the current retail rates were lower than the cost of production. The oil marketing companies (OMCs) are likely to post a phenomenal Rs.1,67,000-crore revenue loss on diesel, LPG and kerosene sale this fiscal. Last month, the government increased the diesel price by Rs.5.62 a litre and restricted the supply of subsidised LPG to six cylinders a household a year.
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No immediate hike in diesel, LPG prices, says Reddy
Petroleum minister S Jaipal Reddy on Tuesday ruled out any immediate increase in diesel and cooking fuel prices. “I am not so courageous,” Reddy said when asked if the government would consider raising
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Petrol price cut by Rs 0.56
IndianOil, Bharat Petroleum and Hindustan Petroleum have incurred a loss of Rs 2,600 cr on sale of petrol during Apr-Sep period IndianOil, the biggest oil marketing company, has cut petrol prices by Rs 0.56 a litre, with effect from midnight on Monday The other oil marketing majors — Bharat Petroleum and Hindustan Petroleum — are expected to announce cuts shortly. In the capital, petrol will now cost around Rs 67.90 a litre.
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Oil Cos Slash Petrol Price By 56 Paise
State oil firms have slashed petrol rates marginally by 56 paise per litre, lower than expectations of a . 1 cut, as the currency has appreciated, making imported oil cheaper in rupee terms. “It has been
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States not keen, govt may put coal price pooling plan on hold
New Delhi The government is likely to postpone the implementation of coal price pooling because of the strong opposition from consuming states who feel it would raise the cost of power generators and increase tariff for consumers. Under price pooling mechanism, CIL would have subsidised the price of imported coal (which is 50% costlier now) by raising domestic coal prices and supplying full quantity of coal at uniform price to consumers. The pooling mechanism, being finalised at the instance of the Prime Minister's Office (PMO), is meant to address coal shortage being faced by consumers and would be especially helpful to new power plants to cut the cost of fuel imports.
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Why oil prices could decline sharply
Despite the Fed’s QE3, Saudi Arabia’s excess supply and geopolitical stability in the Middle East will push down oil prices. Weak global growth is slamming oil prices, sending them nearly 12% lower in
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Grim power scene pushes up diesel use
Diesel consumption continues to gallop in the country. In August, the increase was over 10 cent on the back of a worsening power situation. Though “the [diesel] growth moderated a little in August compared