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 …
New Delhi: After dal-chawal, petrol, diesel and CNG may burn a bigger hole in your pocket as the government tries to strike a balance between keeping transport fuel prices in check without letting staterun oilmarketing companies slip into the red. The picture will be clear only after the Kirit Parikh …
Petroleum Minister Murli Deora today said the government was trying its best not to increase the prices of petroleum products. Deora will meet Finance Minister Pranab Mukherjee tomorrow to seek higher subsidy for oil marketing companies (OMCs). He also said any decision on petroleum pricing would be taken up only …
Petrol Price May Go Up By Rs 4.7, Diesel By Rs 2.3 Within Weeks Our Bureau NEW DELHI THE government may take a decision on freeing petrol and diesel prices after the Kirit Parikh committee on rationalising fuel subsidies submits its report this week, oil minister Murli Deora said. Price …
As the U.S. debates an economy-wide CO2 cap-and-trade policy, the transportation sector remains a significant oil security and climate change concern. Even though the transportation sector consumes the majority of the U.S.
Dumka, Jan. 19: The state government will help farmers who have taken the initiative to help themselves. The Dumka district administration has decided to reimburse fuel costs of all farmers who had either bought or borrowed pump sets to irrigate their parched paddy fields in the wake of the drought-like …
While Brazil Has Cut Ethanol Blending On Short Supply, India Is Implementing The Plan Here, Raising Many Questions Prabha Jagannathan NEW DELHI YOUR evening drink could become more expensive thanks to the government
Ajay Modi & Jyoti Mukul / New Delhi January 16, 2010, 0:32 IST Oil and Natural Gas Corporation (ONGC) is in favour of full market price parity for retail sales of petrol and partial burden sharing by consumers of diesel, LPG and kerosene. The company has also suggested a formula …
THE finance ministry is unwilling to pay the entire Rs 31,700 crore demanded as compensation by the petroleum ministry on behalf of the state-owned oil companies
Food and energy crises are real global challenges and while both issues are inter related needing global solutions, there are essential differences between the two. The developing and the poor countries who are the least responsible for both the crises, are the ones experiencing their worst impact. In fact the …
The oil and gas sector in India is the largest in terms of sales turnover, touching the lives of all citizens, providing uninterrupted supplies of oil products to the remotest parts of the country. The oil sector is the largest contributor to State exchequer through taxes.
Kalpana Pathak / Mumbai December 30, 2009, 0:06 IST People will have to pay 50p-Re 1 more per litre of petrol and diesel when 11 cities in India move to the Euro IV emission norm, and the rest of the country to Euro III, in April 2010. State-run oil marketing …
Get ready to pay more in 2010. The Delhi Government may withdraw subsidy on cooking gas cylinder. It may increase Value Added Tax rate from 12.5 per cent to 20 per cent on diesel in the Capital. Currently, the Delhi Government is losing to the tune of Rs 1,650 crore …
New Delhi: An Indian Institute of Management (IIM), Ahmedabad, study on the oil sector has suggested radical reforms, including complete deregulation, where private and public sector firms are free to price fuel as they deem fit.
In Charge Of New Fuel Pricing Mechanism, Kirit Parikh Favours Bonds For Pvt Cos On Par With Govt Firms Supriya Shrinate ET NOW PRIVATE fuel retailers such as Reliance Industries, Shell or Essar Oil may not have to pull the shutters down on their retail outlets each time pump prices …
New Delhi: Prime Minister Manmohan Singh may deliberate on freeing auto fuel prices when he reviews the financial health of state-run oil firms with finance minister Pranab Mukherjee and oil minister Murli Deora on January 13. Planning Commission deputy chairman Montek Singh Ahluwalia and former Planning Commission member Kirit S …
NEW DELHI: State-owned oil companies will pay Rs. 27 a litre, or 25 per cent higher from the existing level, for buying ethanol from sugar mills for blending with petrol, it is learnt. Food and Agriculture Minister Sharad Pawar on Tuesday said an agreement had been reached between the oil …
P.S. Suryanarayana SINGAPORE: A development deal at the prospective climate conference in Copenhagen is very important for global energy security, according to a top official of the United Nations Development Programme (UNDP). U.N. Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, Ajay Chhibber, has said that the …
Eighty-five million barrels. That's how much oil we consume every day. It's a staggering amount - enough to fill over 5400 Olympic swimming pools - and demand is expected to keep on rising, despite the impending supply crunch.
