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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State to spend extra Rs 7 cr for mid-day meals
KOLKATA, 5 OCT: The state government will spend an additional Rs 7 crore as fuel cost for preparing a revised menu at anganwadi centres. The decision to increase the fuel cost does not follow the cap on
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GSPC set to be largest city gas distributor by customer base
Total gas sales volume to exceed IGL's and MGL's after acquisition Having announced a controlling stake acquisition in Gujarat Gas Company Ltd (GGCL), Gujarat government-owned Gujarat State Petroleum Corporation (GSPC) is set to become the largest city gas distribution company in terms of customers in India. The GSPC Group, through its subsidiary GSPC Distribution Networks Ltd, has signed a definitive agreement with the British Gas Group to acquire 65.12 per cent stake in GGCL. The deal, however, was not warmly received by the market. GGCL stock dived nine per cent on the Bombay Stock Exchange.
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BPL families likely to get subsidised gas
Bhubaneswar: With the Centre restricting subsidised cooking gas cylinders to six per year, the Odisha government has been contemplating to provide certain relief to BPL families having LPG connections.
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Parekh panel pushes for hike in power, gas prices, wants 100% FDI in telecom
New Delhi Brace for another dose of price hikes. A high-level committee on Wednesday recommended a slew of measures to encourage investments in the infrastructure sector, including hikes in electricity, gas prices and rail fares besides deregulation of port tariffs. While the rationalisation behind the suggestion is to make the respective businesses remunerative, the committee has also pitched for other measures such as hiking the FDI limit in the telecom sector from 74% to 100%, removal of regulatory uncertainties and easier M&A rules to ease flow of funds into the sector.
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Petrol price may be cut by Rs 1.6 a litre
New Delhi Petrol price may be cut by about Rs 1.60 per litre later this month as appreciation of rupee against the US dollar has helped state firms make profit on the fuel. Indian rupee appreciated to five-month high since the government announced allowing foreign direct investment (FDI) in multi-brand retailing. This has eased the cost of imports for oil firms, helping them make profit on sale of petrol. "Yes, there is about Rs 1.60 per litre profit on petrol since October 1. But we want this trend to stabilise before we think of cutting retail prices," a senior executive at one of the three state-owned fuel retailers said.
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Petrol prices may come down by 1.6 a litre
Mumbai: Petrol consumers may soon heave a sigh of relief as oil marketing companies (OMC) are studying the trend of the strengthening rupee and falling international crude prices, paving the way for reduction
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Market price of LPG cylinders now at Rs 883
Global kerosene and LPG prices divergent to those of diesel, petrol and ATF In the first price revision after the government capped the number of subsidised cylinders for consumers, domestic liquefied petroleum gas (LPG) has become nearly 17 per cent dearer, thanks to firm international prices. From October 1, the consumer price of every non-subsidised domestic LPG cylinder has risen to Rs 883 from Rs 756 last month.
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Unsure RIL to Hold Back Oil Spend
Co may freeze oil & gas investments till clarity on gas pricing. The board of Reliance Industries may put investments in India’s oil & gas exploration assets on hold until the government agrees to get
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Hyundai Bets on Diesel Models to Fuel Growth
India’s second largest automaker has a plan to counter dip in September sales At a time when Hyundai has taken giant strides in shedding its image of a cheap carmaker in the West and gained respect for
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Coal India chalks out plan to step up output by 50%
New Delhi In a bid to protect its revenue stream and maintain margins while fulfilling its obligations to supply higher level of coal to the power sector under the new fuel supply agreement, Coal India is going in for an aggressive strategy to step up output. The focus will be on increasing the supply of washed coal to the consumers commanding a premium pricing. The company, which is producing about 22 million tonne of washed coal at present, expects to take up production to about 300 mt or over 50% of its total coal production by over next few years.