The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
Prices could double by 2014 leading to hike in power tariff and fertilizer cost Despite opposition from within the Cabinet and outside, the Manmohan Singh government on Thursday approved a doubling of natural gas prices from the present $4.2 mbtu to $8.4 mbtu from April 1, 2014. Many experts feel …
The row over the proposed increase in natural gas prices is set to flare up because the petroleum ministry has admitted that the producer price in the new regime starting April 2014 would be at least $8.55 per million British thermal units and not $6.77 per mBtu as indicated earlier. …
The Cabinet is likely to take a call on the revision in natural gas prices on Thursday The incremental revenue for every $1 rise in natural gas prices would be Rs 706.7 crore, while the government would suffer a subsidy loss of Rs 3,155 crore on fertiliser, according to a …
CNG to cost Rs 62.15 per kg in Gujarat against Rs 60.15 a kg earlier Auto gas has become costlier in Gujarat as the state-owned gas distribution player, GSPC Gas Company has hiked the compressed natural gas (CNG) prices by Rs 2 per kg with effect from Wednesday. CNG to …
The State government is planning to provide sugar and wheat to Above Poverty Line (APL) ration cardholders under the Public Distribution System (PDS), Food and Civil Supplies Minister Dinesh Gundu Rao said on Monday. Rao told reporters that the department is working on details to supply wheat and sugar. If …
Paves the way for a new policy after CCEA approval The Law and Justice Ministry has favoured a stable, five-year gas pricing formula, and also advocated a single price for all sources of gas. This would be put into effect from April 1, 2014, after approval of the Cabinet Committee …
The petroleum and natural gas ministry is expected to move a Cabinet note on gas pricing to the Cabinet Committee on Economic Affairs (CCEA) as early as next week, Veerappa Moily, minister of petroleum and natural gas, told FE. Moily said the the petroleum and natural gas ministry is leaning …
Shale gas will continue to remain a largely regional resource over the next 1-3 years and is unlikely to ease the supply scenario in India, a recent survey said. According to the Deloitte Touche Tohmatsu 2013 Oil and Gas Reality Check report, shale gas will remain a regional resource over …
The ministry will now have to come up with a revised Cabinet note, with fresh suggestions from other ministries There seems to be no end to the domestic gas pricing drama, as a decision on the C Rangarajan committee’s suggestions on pricing couldget delayed further. The petroleum and natural gas …
There is finally some relief for 66,000-MW domestic coal-based generation projects awarded through the tariff bidding route. The Cabinet is likely to approve amendments to the coal distribution policy, allowing power firms importing coal to meet shortfall in fuel supply from Coal India to pass on additional fuel costs to …
In 2011-2012, the Government of India spent over USD$15 billion subsidizing fuel products such as diesel, kerosene and liquid petroleum gas. The government’s total subsidy expenditure increased by 27 per cent from the previous year, significantly contributing to the deterioration of India’s fiscal balance. In addition, national oil companies incurred …
The Supreme Court has stayed all proceedings in various high courts against moves to decontrol diesel, clearing a big hurdle in the implementation of the liberal fuel policy, which the government said was driven by concerns of fiscal prudence, energy security and freeing up funds for welfare schemes. The government …
Domestic gas prices may be fixed at $2 lower than the $8.8-per-unit price discovered by the Rangarajan commitee constituted to suggest changes in the production-sharing contract and future domestic gas-pricing mechanism. Sources said the oil ministry agreed to the basic principle of gas pricing suggested by the panel, but wants …
The fertiliser ministry, in a note to the EGoM on domestic natural gas pricing, suggested that gas should not be priced more than $6 mmBtu. If the price is worked out as per the Rangarajan formula, doubling the price from $4.2 now to over $8, the fertiliser subsidy burden would …
New Delhi: Reliance Industries (RIL) may this month win approval for $1.45-billion investment for developing a natural gas find it has made in a Cauvery basin block off the Tamil Nadu coast several years ago. RIL had made the only discovery in the CY-DWN-2001/2 block in 2007 and had submitted …
The Rangarajan committee report was facing flak from the finance, power and fertiliser ministries over its recommendations on pricing The fate of the Rangarajan Committee's recommendations is hanging in the balance after the postponement of a meeting of empowered group of ministers (EGoM) on natural gas. Not only does there …
Using an empirical model, this study provides some insights into the functioning of the oilseed-biodiesel-diesel market complex in a large country that determines the biodiesel price, reflecting market equilibrium changes resulting from volatility in the crude oil price. Oilseed crushing produces joint products—oil and meal—and this weakens the link between …
While rejecting the formula suggested by the Rangarajan Committee on gas pricing, the Finance Ministry has asked the Petroleum and Natural Gas Ministry to place before the Empowered Group of Ministers (EgoM) an alternative formula based on wellhead prices of suppliers in the region, including the Gulf countries for long-term …
Govt’s Fertilizer Subsidy Bill Will Go Up By 10K Cr If Ranga Panel’s Formula Gets Nod Power tariff from gas-fired plants could jump by Re 1 per unit and the government’s annual fertilizer subsidy would rise by Rs 10,000 crore if the price of fuel pumped from domestic fields is …
Rs 60,352-cr impact on power, urea makers; FinMin comes up with its own formula Even before an empowered group of ministers starts deliberating on a revision in natural gas prices, the finance, power and fertiliser ministries have raised a red flag on the recommendations of the Rangarajan panel. Only the …
