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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States agree to price-pooling for coal: Jaiswal
The States have agreed to implement price-pooling mechanism of coal, the Coal Minister, Mr Sriprakash Jaiswal, told newspersons. “A major hurdle has been sorted. The Central Electricity Authority (CEA)
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High-powered panel to decide on RIL plea for higher gas price
The Empowered Group of Ministers on natural gas pricing and utilisation will decide on the issue Reliance Industries' demand for tripling of KG-D6 gas price from April 1, 2014, will be referred to a high-powered ministerial panel for a decision, a top oil ministry source said today. RIL has sought a price equivalent to imported LNG from April 1, 2014, when the current below-market rate of $4.205 per million British thermal unit expires.
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Government may increase diesel price this month
New Delhi The government may increase the price of diesel later this month to reduce the rising oil subsidy burden, a senior petroleum ministry official said on condition of anonymity. The proposal to raise diesel prices has been kept in abeyance for a long time even though oil companies are losing almost R9 a litre from its sale in the retail market.
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Downgrade sword hangs, diesel prices may rise Rs 5/l
One-time hike after Prez poll may be followed by deregulation road map Keen to prevent a downgrade of India’s sovereign rating by Standard & Poor’s (S&P), which could trigger an exodus of foreign investors, Prime Minister Manmohan Singh has told the Congress party there is no option but to raise diesel prices by at least Rs 5 a litre after the Presidential election. The current diesel subsidy is Rs 9.13 per litre sold.
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GSPC-led consortium may sweeten bid for BG’s stake in Gujarat Gas
Mumbai The consortium comprising Gujarat State Petroleum Corporation (GSPC), Oil and Natural Gas Corporation (ONGC), Bharat Petroleum (BPCL) and Oil India (OIL) is likely to sweeten its bid for British
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Roll back CNG hike or raise fares: Auto unions give govt a week
New Delhi: Autorickshaw unions here are threatening to go on strike if the Delhi government does not rollback the recent hike in CNG prices or increase auto fares. They plan to give the government a week’s
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CNG to cost Rs 2.90 per kg more in Delhi
In a move that is expected to push up public transport fares, the Indraprastha Gas Limited (IGL) has increased the selling price of Compressed Natural Gas (CNG) in Delhi by 2.90 per kg and in neighbouring Noida, Greater Noida and Ghaziabad by Rs 3.30 from Saturday. A joint venture of GAIL (India) Ltd., BPCL and Government of Delhi, the company said on Friday that the revision in price has been effected since the input cost has risen substantially since the last price revision in March 2012 due to appreciation of dollar vis-à-vis the rupee and due to the increased dependence on imported Spot R-LNG.
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Oilmin may refer CBM gas pricing issue to CCEA
New Delhi The oil ministry may seek the approval of Cabinet Committee of Economic Affairs on the long pending issue of coal bed methane (CBM) gas pricing of Reliance Industries and Essar Oil. “A committee of secretaries is finalising the CBM pricing for the two companies and once its report is approved by the oil ministry a cabinet note would be moved,” a senior oil ministry official said on condition of anonymity.
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India, Canada push for energy tie-ups
India-Canada ties, which have had a roller coaster journey since Independence, are looking up again. During two high-level meetings this month, both sides discussed the possibility of tie-ups in the energy sector, mainly hydrocarbon, as civil nuclear energy talks have been held up, with both sides not willing to disclose the reasons. If and when India manages to tie up oil and gas supply arrangements with Canada, it would perhaps be the first time it would be leaning in such a comprehensive manner on the North American continent for energy security.
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Key drivers of PPPs in electricity generation in developing countries
This paper presents new global evidence on the key determinants of public-private partnership investment in electricity generated by fossil fuels and renewable energy based on a panel data analysis for