Blackouts and Backsliding presents the latest energy subsidy data for South Africa. South Africa's fossil fuel subsidies tripled between FY 2018 and FY 2023, from ZAR 39 billion (USD 2.9 billion) in FY
Says It Was Inevitable In Wake Of Global Spiral Pointing to a sharp escalation in global rise in oil p r i c e s and food and commodities, P r i m e Minister Manmoh a n Singh on Wednesday said that a rise in fuel prices was "inevitable' even as the government has done its utmost to impose only a "moderate' burden on the people.
Says Fuel Price Rise Unjustified, Wants PM To Resign Gauging that it could only add to the its ammunition against the government in a year leading up to the Lok Sabha polls, BJP on Wednesday reacted strongly to the government's decision to hike fuel prices, saying a "directionless' UPA has unleashed "economic terror' on the nation.
Move Meant To Distance Itself From Hike In Fuel Prices Kolkata: Desperate to distance itself from the decisions of the Congress-led UPA government at the fag end of its tenure, West Bengal's Left Front government is slashing sales tax on petrol from 25% to 20% and on diesel from 17% to 12.5%. The cost of the
The golden jubilee of the Assam State Electricity Board (ASEB) was a damp affair with little public participation. Not just the public, the celebrations failed to elicit an enthusiastic response from a majority of its employees. This is symbolic of the mess that the ASEB
Efforts are on to increase electricity generation in the state thereby making it self-reliant in respect of its power requirements. In this direction, the two new units at Sarni would generate 500 megawatts electricity additionally in the next three years.
As the alarm over soaring oil prices and losses on Wall Street sent markets tumbling across Asia today - the Bombay Stock Exchange benchmark Sensex tanked over 500 points, at one stage dipping even below 15,000 points before ending the day at 15,066
The Director General (DG), Wapda, Tahir Basharat Cheema has said that government, using coal as fuel, is planning to set up 5000 MW power generation plant within the next few years. He said this while speaking at a ceremony arranged by Multan Chamber of Commerce and Industry. He said that the country's survival largely depends on proper use of its coal reserves. '184 billion tonnes of coal reserves were available in Thar area alone', Cheema said. He expressed concern over the fact that Pakistan was generating only 0.1 percent electricity from coal.
- Consumers were hit by another fuel shortage since Sunday after as petroleum dealers halted distribution because of a dispute with the Nepal Oil Corporation (NOC). NOC officials said that an agreement had been reached Monday evening, and the dealers would resume distribution Tuesday. The dealers said they stopped selling fuel as NOC had forced upon them a new set of directives related to retail prices of fuel, extent of technical leakage, and transportation cost. The petrol scarcity, which had been running for months, had faded away after a price revision last week.
Given the challenges posed by the increase in food prices and energy costs, regional responses for food security and energy self sufficiency would be high on the SAARC Summit agenda, it was revealed yesterday during a meeting between Foreign Minister Rohitha Bogollagama and Indian Prime Minister Dr. Manmohan Singh and External Affairs Minister Pranab Mukherjee.
Black gold might not be as scarce as we thought. This week oil prices escalated to a record $139 per barrel, but that may partly be because the amount of available oil in known reserves has been significantly underestimated. So says Richard Pike, a former oil-industry adviser and chief executive of the UK Royal Society of Chemistry, who blames flawed statistical calculations.
