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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Petrol may become cheaper by 2/L
New Delhi: State-run fuel retailers are expected to announce a reduction of between Rs 1.50 and Rs 2 a litre in petrol price on Friday. The cut, once announced, will come into effect from June 1. The cut
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Petrol, CNG price hike rocks Delhi Assembly
Protesting against the proposed imposition of 5 per cent Value Added Tax on Compressed Natural Gas announced by Chief Minister Sheila Dikshit in the Delhi Budget 2012-13, the Bharatiya Janata Party members walked out of the Delhi Assembly on Tuesday. As soon as Question Hour began, Leader of Opposition V. K. Malhotra raised the issue of an alleged “leak” of the Budget papers and charged that some television channels had shown Delhi Government officials reading from the document while the Chief Minister was still presenting it in the House.
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High Petrol Prices to Benefit Two-Wheeler Companies
With customers looking for cheaper mobility options, demand for two-wheelers is likely to go up. The runaway petrol price, which has singed many, has found an unexpected beneficiary in the Indian auto
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Petrol hike, VAT on CNG: BJP calls Delhi bandh tomorrow
The BJP has called a Delhi bandh on Thursday to protest rising prices, including that of petrol, and imposition of VAT on CNG by the state government. The BJP-led NDA has called a nationwide bandh on the
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PIL challenges petrol price hike
CHENNAI: A writ petition was filed in the Madras High Court on Tuesday praying for a direction to the Centre to consider a representation seeking withdrawal of the steep hike in the price of petrol and ensure that fuel is available without difficulty. In his public interest writ petition, AIADMK advocate R Balasubramanian of Kolathur submitted that the prices of petrol and diesel had been hiked exorbitantly in the last two years without any valid reason.
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Diesel dual pricing not practical, says Jaipal
Petroleum minister S. Jaipal Reddy on Monday said that the government was not looking at dual pricing for diesel as it was not practical to be implemented. Under dual mechanism, trucks and buses will gets
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Petrol price to come down a bit in Delhi, CNG to go up
Announcing the proposal, Chief Minister Sheila Dikshit said her government would incur a burden of nearly Rs.140 crore in revenue on this count. However, it would be more than covering up for this loss by imposing five per cent VAT on Compressed Natural Gas, on which the entire public transport in the city now runs. The move is expected to result in a hike in auto-rickshaw and taxi fares. In her budget speech, Ms. Dikshit delved on how since the introduction of the VAT system in Delhi, CNG has always been exempted from its purview “though the same should be taxed @ 12.5 per cent as per the recommendations of the Empowered Committee of State Finance Ministers.”
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No plan now to hike diesel, and kerosene prices, says Jaipal
Petroleum and Natural Gas Minister Jaipal Reddy said on Monday that there was no proposal before the government now to increase the prices of diesel, domestic LPG and kerosene. No timeframe was set for the Empowered Group of Ministers (EGoM) to meet to consider such an increase. “We are not considering any hike in the prices of diesel, domestic LPG and kerosene. It is out of the question right now,” he told journalists after meeting Finance Minister Pranab Mukherjee to discuss the impact of the fuel price hike on inflation.
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Jairam Tells Govt to Take Subsidy Bull By its Horns
Q&A JAIRAM RAMESH RURAL DEVELOPMENT MINISTER Rural Development Minister Jairam Ramesh has urged the government to cut fuel subsidies and take a quick decision on opening the retail sector to foreign investment,
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But Jaipal has LPG, Diesel as Holy Cows!
Oil minister says kerosene also out of bounds Growing unease within the Congress and street protests by its tantrum-prone allies over the petrol price hike appear to have sapped the Manmohan Singh government’s