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 …
Human resource minister Kapil Sibal has urged the oil ministry to allow the use of subsidised cooking gas for mid-day meals for the current fiscal year to help prevent additional expenditure of . 653 crore on the popular scheme. He has urged oil minister Jaipal Reddy to take a quick …
New Delhi: The oil ministry has rejected RIL’s request for revising the price of gas from the company’s Andhra offshore field before the due date of April 1, 2014. RIL had asked for a price of $14.2-14.5 per unit, up from $4.2 at present. But the ministry said this would …
Oilmin Says New Rates Would Push Up Govt’s Subsidy Burden By $6.3Bn New Delhi: The oil ministry has rejected RIL’s request for revising price of gas from the company’s Andhra offshore field before the due date of April 1, 2014, saying the new price being suggested by the company would …
Ruling out any further hike in the prices of diesel and domestic LPG, Petroleum and Natural Gas Minister Jaipal Reddy said on Tuesday he was wary of applying another round of price hike though the current retail rates were lower than the cost of production. The oil marketing companies (OMCs) …
Petroleum minister S Jaipal Reddy on Tuesday ruled out any immediate increase in diesel and cooking fuel prices. “I am not so courageous,” Reddy said when asked if the government would consider raising prices since state-run oil marketing companies continued to lose money on retail sale of diesel, cooking gas …
IndianOil, Bharat Petroleum and Hindustan Petroleum have incurred a loss of Rs 2,600 cr on sale of petrol during Apr-Sep period IndianOil, the biggest oil marketing company, has cut petrol prices by Rs 0.56 a litre, with effect from midnight on Monday The other oil marketing majors — Bharat Petroleum …
State oil firms have slashed petrol rates marginally by 56 paise per litre, lower than expectations of a . 1 cut, as the currency has appreciated, making imported oil cheaper in rupee terms. “It has been decided to revise petrol prices downward by . 0.56 per litre excluding state taxes …
New Delhi The government is likely to postpone the implementation of coal price pooling because of the strong opposition from consuming states who feel it would raise the cost of power generators and increase tariff for consumers. Under price pooling mechanism, CIL would have subsidised the price of imported coal …
Despite the Fed’s QE3, Saudi Arabia’s excess supply and geopolitical stability in the Middle East will push down oil prices. Weak global growth is slamming oil prices, sending them nearly 12% lower in less than three weeks, with more declines likely. With the absence of a Mideast crisis, oil prices …
Diesel consumption continues to gallop in the country. In August, the increase was over 10 cent on the back of a worsening power situation. Though “the [diesel] growth moderated a little in August compared to the previous month, but [it] still was high at 10.4 per cent,” says Petroleum Planning …
KOLKATA, 5 OCT: The state government will spend an additional Rs 7 crore as fuel cost for preparing a revised menu at anganwadi centres. The decision to increase the fuel cost does not follow the cap on LPG cylinders but due to complaints that the existing fuel cost was not …
Total gas sales volume to exceed IGL's and MGL's after acquisition Having announced a controlling stake acquisition in Gujarat Gas Company Ltd (GGCL), Gujarat government-owned Gujarat State Petroleum Corporation (GSPC) is set to become the largest city gas distribution company in terms of customers in India. The GSPC Group, through …
Bhubaneswar: With the Centre restricting subsidised cooking gas cylinders to six per year, the Odisha government has been contemplating to provide certain relief to BPL families having LPG connections. The food, supplies and consumer welfare department has, sources said, undertaken an exercise with the LPG providing oil companies to work …
New Delhi Brace for another dose of price hikes. A high-level committee on Wednesday recommended a slew of measures to encourage investments in the infrastructure sector, including hikes in electricity, gas prices and rail fares besides deregulation of port tariffs. While the rationalisation behind the suggestion is to make the …
New Delhi Petrol price may be cut by about Rs 1.60 per litre later this month as appreciation of rupee against the US dollar has helped state firms make profit on the fuel. Indian rupee appreciated to five-month high since the government announced allowing foreign direct investment (FDI) in multi-brand …
Mumbai: Petrol consumers may soon heave a sigh of relief as oil marketing companies (OMC) are studying the trend of the strengthening rupee and falling international crude prices, paving the way for reduction in petrol prices by around Rs 1.60 a litre. “We are positive on petrol and looking at …
Global kerosene and LPG prices divergent to those of diesel, petrol and ATF In the first price revision after the government capped the number of subsidised cylinders for consumers, domestic liquefied petroleum gas (LPG) has become nearly 17 per cent dearer, thanks to firm international prices. From October 1, the …
Co may freeze oil & gas investments till clarity on gas pricing. The board of Reliance Industries may put investments in India’s oil & gas exploration assets on hold until the government agrees to get rid of a cap on the prices of natural gas and approves capital expenditure plans, …
India’s second largest automaker has a plan to counter dip in September sales At a time when Hyundai has taken giant strides in shedding its image of a cheap carmaker in the West and gained respect for quality and value, the Korean auto brand is in danger of losing its …
New Delhi In a bid to protect its revenue stream and maintain margins while fulfilling its obligations to supply higher level of coal to the power sector under the new fuel supply agreement, Coal India is going in for an aggressive strategy to step up output. The focus will be …
