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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Delhi HC notice to CIL, govt on coal pricing
NEW DELHI: The Delhi high court has issued notices to the Centre and the coal ministry on a petition filed by UK-based fund TCI (The Children Investment Management Fund) against coal ministry's "interference"
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Diesel pricing in India: entangled in policy maze
Multi-pronged initiatives are envisaged for the India: Hydrocarbon Vision-2025 with principal objectives to: ensure oil security, improve customer service, develop a competitive industry, enhance quality
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India’s fuel subsidies: policy recommendations for reform
This policy brief summarizes two research papers on fossil-fuel subsidy reform in India and highlights the key policy recommendations. The Government of India spent over US$ 9 billion subsidizing fuel
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Fuel prices see state-wise change
Petrol, diesel prices rise in some states, fall in some after adjustment in surcharge Oil marketing companies (OMCs) have reworked the surcharge paid towards various state levies. This has led to prices of petroleum products increasing in states such as Maharashtra, Assam and West Bengal and declining in others such as Gujarat and Karnataka. Oil companies maintain this is a revenue-neutral exercise, aimed at adjusting the changes in state taxes.
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Government may compensate cos for delay in mining nod
New Delhi Power companies, which are forced to import coal despite high costs due to delays/denial over environment and forest clearances of their captive coal mines, can breathe easy now. The government is planning to allow incremental cost of fuel owing to such forced imports as a pass-through in tariff. Sources told FE that the provision would be included in the standard bidding document (SBD) of all forthcoming power projects. The changes would not only allow power companies to relinquish their commitments under the terms of power purchase agreement entered with state utilities but also get full compensation for increased fuel cost if coal is imported at a higher cost.
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Now, petrol to cost 70 paise more in UP, diesel up 64
LUCKNOW: The price of petrol, diesel, cooking gas and kerosene went up marginally in the state following recalibration of 'state surcharge' by the oil companies. While the petrol got costlier by 70 paise,
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All fuels to cost more in Mumbai
Mumbai: Mumbaikars will have to pay more on all petroleum products they use in their daily lives such as petrol, diesel, cooking gas and kerosene after the oil marketing firms recalibrated rates to reflect
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Hike in diesel, kerosene prices mooted
With the Empowered Group of Ministers (EGoM) being not in place due to the departure of Pranab Mukherjee from the government, the Petroleum Ministry is contemplating sending a proposal of hiking the prices of diesel, LPG and kerosene to the Cabinet Committee on Economic Affairs (CCEA) and leaving the decision to the Prime Minister.
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Petrol, diesel to get cheaper in 11 states
New Delhi: Petrol and diesel would become marginally cheaper in 11 states, while the price of cooking gas would come down in 12 states from Wednesday as state-run fuel retailers recalibrated surcharge
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Petrol prices increased by 70-89 paise
New Delhi After three consecutive price cuts in petrol since the first week of June, oil marketing companies IOC, HPCL and BPCL on Monday raised the price by 70-89 paise a litre citing increase in global oil prices and movement in the rupee-dollar exchange rate. With this price revision, petrol price in New Delhi will cost R68.48 per litre, as against R67.78 a litre earlier. Petrol price in Mumbai has been increased by 88 paise to R74.23 per litre while in Kolkata, the fuel will cost R73.61 per litre. In Chennai, the price has been raised by 88 paise to R73.16 per litre.