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 …
The Government of India constituted this committee to look into the Production Sharing Contracts (PSCs) mechanism in petroleum industry. The exploration and production policy for hydrocarbons is a cornerstone of our energy security, since India has a large and growing demand for energy and substantial hydrocarbon reserves that remain to …
Woodfuels (firewood and charcoal) are the dominant energy source and the leading forest product for most developing countries. Representing 60 to 80 percent of total wood consumption in these nations, woodfuels often account for 50 to 90 percent of all energy used. Although woodfuels are widely perceived as cheap and …
“A new moment for mankind.” That was how Brazil’s former president, Luiz Inácio Lula da Silva, described his country’s biofuel boom in March 2007. Back then, Brazil was the poster child of ethanol fuel, its output second only to that of the United States. Fermenting the sugars in the country’s …
New Delhi Coal India will need to increase domestic coal price by 8-21% during the current 12th Five-Year Plan to offset the impact of the high cost of coal that it may have to import to meet at least 80% of the fuel requirement of power companies as per contractual …
New Delhi In a rare administrative move, petroleum and natural gas minister Veerappa Moily has withdrawn a note circulated by his predecessor Jaipal Reddy to the members of a ministerial panel, which had opposed an immediate price hike sought by Reliance Industries (RIL) for the gas from its KG-D6 block. …
Says the pricing is meant to subsidise private power generators The Odisha government has objected to the new coal price pooling formula proposed by the Central Electricity Authority (CEA) and Coal India Ltd (CIL), saying the revised pricing mechanism is aimed at subsidising private power generators. “If pooling of price …
New Delhi: The oil ministry has withdrawn a note — prepared under then minister S Jaipal Reddy’s watch — documenting its opposition to any premature increase in price of gas Reliance Industries (RIL) is pumping from its showcase Andhra offshore field. The note was circulated in October among members of …
Leader of Opposition in the Legislative Council Dadi Veerabhadra Rao on Sunday said the Telugu Desam Party (TDP) would burn effigies representing the Congress Government all over the State on November 26, marking its protest against the ‘anti-people policies’ of the ruling party and its failure on virtually every front. …
This article critically evaluates the government's pricing policy for petroleum products in India. It looks carefully at the notion of "under-recoveries" oil companies and attempts to compare it with their profi ts under an alternative pricing regime. It concludes that under the suggested pricing structure the surplus generated in the …
Parliament’s standing committee on finance has summoned senior petroleum ministry officials to explain the revenue implication of falling gas production from Reliance Industries Ltd’s (RIL’s) D6 block in the Krishna-Godavari basin (KG-D6) and the company's demand to increase the price. Earlier this month, it had questioned the finance and revenue …
Mumbai The July-September financial reportcards of India's major power producers, such as Tata Power and Adani Power, reflect that issues such as fuel availability, tariff renegotiations and pass through of rising costs still loom over industry. Stagnating production at Coal India and lower gas output at the country's flagship KG-D6 …
Parliament’s Standing Committee on Finance has ordered a comprehensive study into allegations that Reliance Industries Limited may have deliberately scaled back production of gas from fields in the Krishna-Godavari basin, a highly-placed source in the body has told The Hindu . The Finance Ministry has been given time till November …
Mumbai In what could be a festival gift for consumers from oil marketing companies, the price of petrol has been reduced by 95 paise per litre effective Friday. But the relief may be shortlived as state-owned retail entities have expressed concern over the “significant” volatility in dollar-rupee exchange rate that …
New Delhi Amid the controversy over the pricing of gas at its KG-D6 block, Reliance Industries (RIL) has reiterated its demand for a steep hike in the price in a letter to the prime minister’s economic advisor C Rangarajan. Seeking what is called “import parity price” for domestically-produced gas, the …
OMCs use new software to track fake connections The Petroleum and Natural Gas Ministry has launched “Project Lakshya” to reduce waiting time for delivery of LPG cylinders and track duplicate connections, by enrolling the assistance of the National Informatics Centre (NIC) and the Pune-based Centre for Development of Advanced Computing …
IOC, the largest fuel retailer, will receive a government subsidy of about 161 billion rupees India will pay 300 billion rupees to state-owned fuel retailers forced to sell at cheaper government-set rates in the first half of the year, said three sources who saw the finance ministry's confirmation letter. The …
The Delhi Government on Wednesday decided to provide a free LPG cylinder for the first time to beneficiaries under “Kerosene-free Delhi” scheme and to subsidise three additional cylinders for all 356,395 beneficiaries under the scheme. Under the scheme, which was approved by the Cabinet on June 26 and which would …
Mumbai Govt looks to sell 12.15% through OFS route to raise about R1,400 crore The government has, on several occasions, indicated that it plans to embark upon its FY13 divestment plan by selling 10-12% stakes in natural resources giants National Aluminium company (Nalco) and National Mineral Development corporation (NMDC). While …
With half to five kg of waste, burn stove for more than two hours With a cap on the supply of LPG domestic cylinders at subsidised prices, kitchens can make use of alternative options. Some in Coimbatore have done so and also gone green with biogas plants. A simple system …
Mumbai Soaring crude prices and pressure back home to keep rates lower is forcing government-run hydrocarbon firms to diversify into non-oil and gas sectors. Oil & Natural Gas Corporation (ONGC), which supplies crude to oil refiners at a lower price as part of a government subsidy plan, said its board …
