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 …
Industrialists in Punjab are upset over the Centre’s decision to partially deregulate diesel prices, allowing an increase of 40-50 paise a litre per month. “The government’s decision to deregulate diesel prices partially has come as a shock to the industrial community. Diesel is the backbone of the industry as the …
Chennai: Stepping up her attack on the UPA Government, Tamil Nadu chief minister Jayalalithaa on Saturday announced a statewide protest by AIADMK in front of central government offices on January 24 over ‘denial’ of the state’s rights and other issues including diesel price and railway fare hikes. The AIADMK chief …
A hike of nearly Rs. 10 a litre for the bulk diesel consumers that includes the railways, transport undertakings and the defence, cement, mines and power sectors will trigger an all-round hike in public road transport costs, rail fares, costs of cement and other infrastructure related activity across the country. …
Hike would end under-recoveries of OMCs on sale of transport fuel in next 18 months Dismissing the contention that diesel price hike will push inflation, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it will have a benign impact on prices as consumers will be left with less money …
Even while Opposition BJP and key UPA allies - the BSP and the DMK - went ballistic against the government’s decision on diesel price hike, the attempt to gradually bring down the differential between diesel and petrol seems to have earned it a few brownie points from environmentalists. Terming it …
Dismissing the contention that diesel price hike will push inflation, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it will have a benign impact on prices as consumers will be left with less money to buy other goods. "When you have a suppressed price and you raise that prices, …
Leaders of trade unions affiliated to Left parties on Thursday severely criticised the Centre’s decision to allow oil marketing companies to increase the price of diesel and said the move will “aggressively stimulate inflation”. “There will be dangerous implications of the Centre’s decision to decontrol the prices of diesel. It …
Even as the Union Cabinet gave its nod on Thursday to raise the cap on supply of subsidised LPG cylinders to nine cylinders from six per year per household, the oil marketing companies (OMCs) were gearing up to marginally raise the diesel prices, which could happen by Thursday itself. The …
Govt has permitted oil companies to increase diesel price by 45 paise a month Bulk consumers will have to pay market price, to be revised every fortnight; Consumers would get nine subsidised cooking gas cylinders a year, instead of six at present Unwilling to announce a hike in diesel price, …
A new fiscal regime for oil and gas output is broadly welcome with attendant institutional revamp There seems much policy reform in the pipeline in the oil and gas sector. The report of the ‘Committee on the production sharing contracts mechanism in petroleum industry’ calls for policy overhaul to incentivise …
The cabinet meeting on Thursday is set to consider the petroleum ministry’s proposals to increase diesel, cooking gas and kerosene prices, a move the government aims to partly offset by raising the ceiling on the number of subsidized LPG cylinders. If approved, the new prices will take effect from midnight …
Two major players announce price rise in the range of 10-34% across segments Gujarat government-owned gas distribution player, GSPC Gas Company and the Adani Group's gas distribution arm, Adani Gas have announced sharp increase in gas prices for the domestic, industrial and CNG consumers. The price hike was attributed to …
In a bid to neutralise political opposition to planned fuel price hikes, the government is considering a two-step process: First, allow up to 12 subsidised domestic gas cylinders per year from the currently proposed nine and later, raise prices of LPG and diesel in a phased manner. Sources told FE …
Delhi set to become first kerosene-free state With the distribution of filled liquefied petroleum gas (LPG) cylinders in the Rajinder Nagar assembly constituency, the government has begun the process of making Delhi a kerosene-free state. The constituency is represented by the Transport Minister, Ramakant Goswami. A few years ago, the …
Ahmedabad: The Gujarat high court on Thursday directed the Centre to file an affidavit in a week’s time explaining why the court should not take punitive action against responsible persons for noncompliance of its order to supply CNG to Ahmedabad at a rate supplied to Mumbai and Delhi. On July …
New Delhi:The oil ministry’s proposal for a dual pricing regime for diesel — having a market price for bulk consumers and subsidized rate at pumps — would work to the disadvantage of state-run fuel retailers and spark diversion. The option is one of the suggestions made in the ministry’s response …
Faced with a hefty bill of close to R1 lakh crore this fiscal towards compensating oil marketing companies on selling diesel below cost and naysaying by the finance ministry, the petroleum ministry is set to ask the bulk consumers of the fuel to buy it at market rates. Currently, bulk …
The oil ministry has proposed a hike of R3-4.50 per litre in diesel price and R100 per cylinder in LPG rates, along with raising the number of subsidised cooking gas cylinders for households to nine a year from the current cap of six. The ministry has moved a note for …
Pressing ahead with the Kelkar Committee recommendations and grappling with massive under-recoveries, the Petroleum and Natural Gas Ministry has initiated a Cabinet note to raise the cap on subsidised LPG supply from six to nine cylinders a household a year, and increase diesel, LPG and kerosene prices in phases. As …
The Union petroleum ministry has issued directives to Indian Oil Corporation (IOC) to not consider any investment in Haldia Petrochemicals (HPL) since the oil major has no room to leverage its finances with government subsidy required to post profits. IOC posted a R22,451 crore net loss in the first quarter …
