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 …
State Trading Organization (STO) has decreased the price of diesel and kerosene by Rf0.50 and petrol by Rf0.25 as of Sunday. A statement released by STO said that the price of a diesel litre would now cost Rf14.25 and a petrol litre would cost 13.50. STO also reduced the price …
The government on Thursday imposed petroleum development levy on diesel and kerosene and increased its ratio on petrol and high octane blending component (HOBC). A source told Dawn that the decision would help the government earn an additional amount of Rs3.5 billion a month. According to a notification issued by …
Australia's plans to launch a carbon emissions trading scheme within two years will not be derailed by the global financial crisis, Prime Minister Kevin Rudd said on Tuesday. Australia's second-largest oil and gas producer, Woodside Petroleum Ltd, this week told Rudd's centre-left Labor government that global market volatility and bank …
BY MUKESH RANJAN NEW DELHI Making it clear that the time is still not ripe for downward revision of the retail prices of transportation fuel and cooking gas, the Planning Commission has communicated to Prime Minister Manmohan Singh that despite the sharp fall in the global crude oil prices, it …
Press Trust Of India / New Delhi October 14, 2008, 0:51 IST The Supreme Court today issued notices to the Centre and others on petitions challenging government
Press Trust Of India / New Delhi October 14, 2008, 0:57 IST State-run Oil and Natural Gas Corp and Gujarat State Petroleum Corp are likely to fetch a minimum of 20 per cent premium over the $4.2 per million unit price fixed for Reliance Industries' gas field. UBS Investment Research, …
Kalpana Pathak / Mumbai October 13, 2008, 0:59 IST State power boards incur fixed cost of Rs 3,500 crore. Around 5,000 Mw of gas-based electricity generation capacity, built at a cost of about Rs 20,000 crore, is lying idle due to the shortage of gas in the country. The state …
While the world is talking about scope of biofuel in combating soaring oil prices, a youth of Palpa district ran a motorcycle using oil he refined from pine resin as fuel on Sunday. Keshav Karki, a resident of Jarepipal, collected resin produced by pine trees and refined into oil through …
Ensuring food security in the face of rapidly rising food prices requires a combination of effective safety nets and improving agricultural productivity. Adjusting to higher fuel prices will require again effective safety nets plus a combination of efficient energy use and diversification away from traditional fossil fuels. This paper focuses …
Manas Dasgupta He was speaking at a function to celebrate the golden jubilee of the first oil find in India CAMBAY (GUJARAT): The Centre is considering a proposal to introduce dual pricing policy for diesel, Petroleum and Natural Gas Minister Murli Deora has said. Speaking at a function to celebrate …
According to recent statistics, U.S. motorists have responded to record-high prices at the pump by driving less. Any hope that this cutback will significantly restrain global oil prices is misplaced, however: fundamental factors of supply and demand in the world economy will keep oil costly for years to come. The …
The World Bank (WB) today approved USD 36 million aid package for Nepal to support its efforts at reducing hardships and speeding up recovery from the problems caused by rising food and fuel prices, drought and recent floods. The assistance package consists of USD 31 million in grants and credits …
Bs Reporter / New Delhi September 30, 2008, 0:36 ISTReliance Industries Ltd (RIL) chairman Mukesh Ambani today met Petroleum Secretary RS Pandey and offered to sell diesel from the company
NEW DELHI: Petroleum Secretary R. S. Pandey on Thursday ruled out raising the price of gas produced from the fields operated by the state-run firms like Oil and Natural Gas Corporation and Oil India.
Rakteem Katakey & Kalpana Pathak / New Delhi/mumbai September 19, 2008, 0:04 IST Fertiliser and power plants, which use gas supplied by Petronet LNG, will see their fuel bills rise by up to 50 per cent from January when the country's largest importer of natural gas goes for a price …
Bs Reporter / New Delhi September 17, 2008, 0:45 IST Oil Minister Murli Deora said petrol and diesel prices would not be cut till crude oil prices fell to $67 a barrel, since the depreciation in the rupee against the US dollar had eroded gains from falling oil prices, which …
Rakteem Katakey / New Delhi September 16, 2008, 0:14 IST International crude oil prices have fallen over 33 per cent from their recent record highs and are projected to fall further towards $90 per barrel with the second hurricane in the Gulf of Mexico not causing as much loss of …
The government on Monday reduced petrol prices by Rs 5 per litre and revised diesel and kerosene prices upward by Rs 3.50 a litre. A formal notification of the new oil prices was issued by Oil and Gas Regulatory Authority (Ogra) late Monday night. The changed prices will be effective …
