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 …
Fuel economy: turf war or guerrilla ambush It can get as bad as not having any money left to buy oil. Increased oil demand from rapidly growing cars can make it worse. Yet there is no sign of official agreement on who must take the lead to draft fuel economy …
land compensation Tikait arrested Bhartiya Kisan Union leader Mahendra Singh Tikait was arrested in Ghaziabad on August 18. He was on his way to lend support to a farmers
Proposed fiscal reforms for automotive fuels Petrol Increase selling price before state taxes and duties by Rs 2.50 per litre each month to align with full cost price Total increase of Rs 10.90 per litre in selling prices before taxes Temporary reduction in excise duty to Rs 10 per litre …
A committee recommends rationalization of diesel and petrol prices The long awaited pricing formula for petroleum products to bail out the oil industry from impending bankruptcy has been tabled. If put into effect this prescription can correct distorted prices of automotive fuels of petrol and diesel and halt misuse of …
Paranjoy Guha Thakurta RATHER LATE in the day, the government is thinking of introducing a set of initiatives to better target subsidies on diesel, the most widely-used petroleum product. Even if these initiatives fail to materialise and a dual-pricing policy turns out to be difficult to implement, the moves are …
For nearly two years the Opec oil cartel has watched oil prices rise with a mixture of delight and foreboding. The group that controls about 40 per cent of the world's output, but which has struggled to produce enough oil to keep up with demand, will this year earn $1,000bn …
The auto industry's recent proposal of voluntaryfuel economy labeling will not work. Self labeling cannot be a substitute for mandatory fuel economy standards and an official fuel economy labeling programme," says Anumita Roychoudhury, coordinator of CSE's Right to Clean Air Campaign.So far, the automobile industry has been resisting mandatory fuel …
Bijith R / New Delhi September 08, 2008, 0:33 IST The road transport undertakings of various states will have to fork out over Rs 5,000 crore if the recommendations of the BK Chaturvedi Committee on dual pricing of diesel are accepted by the central government. This could put these loss-making …
JAIPUR: The Rajasthan government has reduced value added tax (VAT) on diesel by two per cent, making the fuel cheaper by 60 paise per litre, and abolished the four per cent VAT on liquefied petroleum gas, reducing its price by Rs.13.42 per cylinder. However, the government has not provided any …
Industrial Consumers, Power Plants, Defence Establishments & SEZs Are Likely To Pay Additional Rs 22 Per Litre Under Dual Pricing Rajeev Jayaswal NEW DELHI THE government is set to introduce dual pricing for diesel, the largest consumed petroleum fuel in the country. Industrial consumers, power plants, defence establishments and special …
NEW DELHI The Union petrole um minister, Mr Murli Deora, said on Friday that international crude oil prices will have to fall further to trigger a retail price cut in the country.
Sujay Mehdudia NEW DELHI: Notwithstanding the decline in international crude prices in recent weeks, Petroleum and Natural Gas Minister Murli Deora on Monday ruled out a cut in retail prices of petrol and diesel.
Dilip Kumar Jha / Mumbai September 2, 2008, 3:57 IST Concerned with the abnormally high prices of molasses, sugar mills have asked oil companies to raise the ethanol procurement price by 40 per cent for the recently-floated tender. Two years ago, the government and sugar industry representatives had fixed the …
Poland faces crippling energy price rises which will threaten growth and employment unless the European Union rethinks its carbon trading system, officials in Warsaw are warning. In January the Commission put forward a plan to cut greenhouse gas emissions by 20 per cent, improve energy efficiency by 20 per cent …
Toyota Motor Corp cut its 2009 vehicle sales forecast by nearly 7 percent as high fuel prices hammer demand for large cars and pickup trucks, and said it will speed up the rollout of hybrid and electric cars as their popularity grows. The weaker outlook from the world's most profitable …
Tanzania plans to have about 300 cars running on a hybrid of petrol and compressed natural gas in Dar es Salaam by March 2009, a senior government petroleum official said on Tuesday. It also plans to build three gas filling stations in the same period. The east African economy has …
NEW DELHI: Stung by the spurt in demand for diesel from various sectors, particularly the industrial sector, and the continued misuse of the subsidised fuel by various other commercial segments, Oil Marketing Companies (OMCs) have set in motion the process for differential pricing of fuels proposing sale for industrial users …
