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 …
Business Standard / New Delhi August 26, 2008, 5:18 IST The proximate reason for the hike in petroleum product prices last month was the likelihood of shortages in these products, as cash-strapped oil firms ran out of money to import crude. To the extent that crude oil prices have dropped …
Rakteem Katakey / New Delhi August 26, 2008, 0:52 IST Indian Railways, which are likely to post a cash surplus of Rs 31,000 crore in the current fiscal, should pay market rate for the diesel they consume, as they are one of the largest consumers of subsidised diesel that contributes …
The Chaturvedi Committee recommendations on how to reform various aspects of the petroleum sector has turned out to be extremely divisive. Three experts debate the coherence and effectiveness of the entire report. I S S U E S Is the proposed special oil tax on domestic producers justified? Should petroleum …
New Delhi, The state-run oil firms have proposed a Rs 57 per litre price for diesel they sell to industrial users as against Rs 34.80 a litre currently. This is because use of the fuel in sectors like power generation had seen an unprecedented growth. Three oil companies have submitted …
Conservation of energy should become a way of life. Rational energy pricing and fuel substitution policies should be kept in place. And a really competitive market with an independent regulator must be created, says T N R Rao. ENERGY security is the term made familiar now by all protagonists of …
REDUCING THE SUBSIDY BURDEN Sudheer Pal Singh / New Delhi August 26, 2008, 0:52 IST Companies which use diesel to run their backup generators say they would shift to alternative fuels if the government decides to adopt dual pricing, where these firms would be charged higher and retail customers would …
Restriction on barrel sale of diesel hits SSIs Shyam Ranganathan CHENNAI: The recent diesel shortage and the decision to restrict barrel sale by oil marketing companies in the city are having an adverse effect on small-scale industries, according to entrepreneurs. R. Namasivayam, who owns an aluminium die-casting plant, says that …
Suggestions Refinery gate price to be fixed on average of global petro product prices Fuel quality to set retail price; transparency on profit/taxes charged Segmentation of diesel according to use Monthly hike in petrol, diesel and LPG prices; retain targeted subsidies Windfall tax on over $75 pb of oil from …
London, World oil prices extended gains on Thursday following a bigger-than-expected drop in inventories of US motor fuel. New York's main contract, light sweet crude for delivery in October, climbed $1.44 to $117 a barrel in electronic deals. London's Brent North Sea crude for October advanced $1.39 to $115.75. "People …
Business Standard / New Delhi August 21, 2008, 5:48 IST India has experimented with dual pricing in many commodities, including cement, and still does in sugar. As a transition to a free market, it is perhaps unexceptionable. But in almost every case, it introduces distortions and rackets of different kinds
Xstrata said on Tuesday it had shut down a ferronickel mining and processing operation in the Dominican Republic for at least four months due to soaring energy costs and lower nickel prices. The Switzerland-based mining group said that its Falconbridge Dominicana (Falcondo) operation, which each year produced 29,000 tonnes or …
Opec pushed its oil production to the highest level in its 48-year history last month, even as demand was slipping in the US and Eur-ope, the International Energy Agency (IEA) said yesterday. The combination of surplus supply and weaker demand has pushed oil prices to $113.50 a barrel, down 24 …
For any company with a supply chain, if they want to continue being profitable, they have to reduce their carbon footprint. Environmental concern is suddenly all the rage, all around the world. Unless you've been buried in a coal mine for the past year, you've been inundated with articles about …
Recently the Web site The Politico asked Nancy Pelosi, the speaker of the House, why she was blocking attempts to tack offshore drilling amendments onto appropriations bills. "I'm trying to save the planet; I'm trying to save the planet,' she replied. I'm glad to hear it. But I'm still worried …
Rakteem Katakey / New Delhi August 2, 2008, 5:54 IST Oil firms see 20% dip in sales since the June 4 increase. The government's decision to raise fuel prices in June has scuttled the oil companies' plans to reduce their losses from retail fuel sales as consumers are buying less …
Chennai, Aug. 1: Rising interest rates, fuel prices, inflation and the shaky quarterly results finally seem to be catching on the resilient auto industry. The passenger vehicle segment, which has been weathering the market forces for the last few months, registered a subdued growth in sales during July. Market leader …
Bs Reporter / Mumbai August 01, 2008, 0:50 IST Mukesh Ambani-promoted Reliance Industries (RIL) will lose around $1 billion (Rs 4,300 crore) a year if it sells gas to the Anil Ambani's Reliance Natural Resources (RNRL) at the agreed price of $2.34 per million British thermal unit (mBtu). "If RIL …
Delhi is a city so crazy about cars that it puts some 270,000 new ones on its streets each year. In Lajpat Nagar you will find hardcore worshippers of combustion engines. There are families that own two and three cars with a scooter and a motorcycle thrown in for good …
