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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Oilmin-PNGRB Tussle Makes City Gas Expansion a Far Cry
Uncertain policy framework, scarcity of cheap domestic gas hit govt plan to expand network to 200 cities SHREYA JAI & MITUL THAKKAR NEW DELHI/AHMEDABAD The government’s ambitious plan to expand gas
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SCSPLA slams govt over hiking diesel prices
JAMMU, Sep 15: Slamming the Centre for hiking the price of diesel and restricting the supply of cooking gas, the leaders of Social Civil Society for Peace and Legal Awareness (SCSPLA) said, “Both the decisions
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Centre ignores proposal to end subsidised fuel for MPs, MLAs
When it comes to the cap on the consumption of subsidised domestic LPG cylinders, the Cabinet Committee on Economic Affairs (CCEA), it appears, has two sets of rules — one for the common man, and one for those holding Constitutional posts. While approving the cap on LPG cylinders to six per year for households, the CCEA and the Petroleum Ministry cited last year’s report by the Parliamentary Standing Committee on Petroleum and Natural Gas to support its case.
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Carmakers hopeful festival sales will blunt diesel impact
DOWNPLAY FEARS Maruti Suzuki, M&M and GM India say diesel hike may defer demand slightly, but sales to be better than last year A . 5 increase in diesel prices may have provided another telling blow on
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Govt restricts subsidised LPG, raises diesel price
The two moves to cut OMCs' underrecovery by Rs 20,300 cr this year In the second major oil sector reform after petrol decontrol of June 2010, the government on Thursday capped subsidised domestic liquefied petroleum gas (LPG) for a consumer to six per year. For a consumer using 12 LPG cylinders annually, the extra outgo on six additional cylinders at current market price will be Rs 2,106. Also, the diesel price was increased by Rs 5 a litre, while the excise duty on petrol was reduced by Rs 5.30 a litre to avoid a price increase.
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Diesel dearer by Rs 5/litre, 6-refill cap on LPG subsidy
Biting the fuel price hike bullet, the Manmohan Singh government today decided to increase diesel prices by Rs 5 per litre but left kerosene and petrol prices untouched. In a bid to partially plug the
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Diesel hike likely to drive up food prices: LPG Limit To Hurt Family Budgets
New Delhi: The massive hike of Rs 5 in the price of diesel and the removal of subsidy on cooking gas beyond six cylinders will hit the common man, already caught in a price spiral, very hard. In Delhi,
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Government mulls policy change in petroleum costing
Each discovery in oil block to be treated as separate cost centre, if proposal gets nod In a major revamp of oil and gas exploration, the government is likely to notify a policy disallowing companies from deducting as expenses all exploration costs in areas where earlier discoveries are under development or production. It is expected to create a regime whereby each discovery will be treated separately for the purpose.
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Energy tribunal issues notices to PSU oil firms
The Appellate Tribunal for Electricity (ATE) on Wednesday issued notices to the three PSU oil marketing companies IndianOil (IOC), Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) on petitions filed
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No fuel price hike for now; Cabinet meet deferred
Bowing to pressure from the Trinamool Congress and other allies of the ruling UPA, the scheduled meeting of the Cabinet Committee on Political Affairs (CCPA) for revision of fuel prices has been deferred.