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 …
Delhi Chief Minister Arvind Kejriwal on Tuesday ordered the filing of an FIR against Union Petroleum Minister M. Veerappa Moily, former Minister Murli Deora, Reliance Industries Ltd. (RIL) chairman Mukesh Ambani and former Director General of Hydrocarbons V.K. Sibal for alleged collusion in fixing natural gas price through hoarding in …
The country's efforts to cut down on its ever-increasing oil import bill could get a significant boost as cheaper Canadian crude from its Alberta oil sands bounty will reach Indian shores in large quantities four years from now. Incipient crude production at the land-locked sites are at a very low …
Struggle to keep 25000 MW of gas-based power capacity alive The Finance Ministry has rejected the Power Ministry’s proposal for a nearly Rs.25,000-crore subsidy cushion and instead asked it to work on gas price pooling and pass on the tariff to distribution companies (discoms) or consumers. The Finance Ministry’s move …
Effect of introducing CNG in the Capital waning’ The introduction of Compressed Natural Gas in Delhi in the 1990s was applauded by environmentalists. But all the good work seems to have frittered away. The Centre for Science and Environment’s director general, Sunita Narain, on Wednesday said the city had been …
Centre for Science and Environment (CSE) has welcomed the decision of the oil and environment minister Veerappa Moily to reduce the price of compressed natural gas (CNG) by Rs 15 per kg in Delhi on Monday. This amounts to a cut of almost 30 % in Delhi and a similar …
Seems like oil minister Veerappa Moily doesn’t like travelling alone on public transport. The transport commissioner has written to all Delhi government departments, including universities and colleges, asking employees to observe Wednesdays as “bus day” and use public transport. The missive comes after a petroleum ministry communication. The circular, issued …
Govt to meet city distribution firms' full requirement through domestic gas; prices fall 30% in Delhi In a move that will bring down the prices of compressed natural gas and (CNG) for transport and piped natural gas (PNG) for domestic use across the country — by about 30 per cent …
Press Release Centre for Science and Environment (CSE) welcomes Mr Moily’s decision to slash CNG prices. Says the step will help public transport and clean up the air New Delhi, February 3, 2014: CSE has welcomed the decision of the oil and environment minister Veerappa Moily to reduce the price …
This is the first edition of the India Energy Subsidy Review, a biannual publication of the IISD’s Global Subsidies Initiative. Part One outlines economic and policy developments affecting India’s subsidized key fuel markets (diesel, liquefied petroleum gas, kerosene and natural gas), and analyses the dynamics of each market. Part Two …
A hornet’s nest could be an apt simile for fossil fuel prices in India. Over years a policy maze has evolved around it, with sharply diverging influence on disparate constituencies. Estimate the increase in total cost of farming as a multiple of direct input costs of fossil fuels in farming. …
The ban on US crude oil exports began as a reaction to the oil embargo in the early 1970s and later was codified in law and Department of Commerce rules for granting export permits. Currently, crude oil can be exported to Canada, but only for use there, not for re-export; …
SURAT: Gujarat high court on Thursday issued notices to the ministry of petroleum, Government of India, GAIL and Gujarat Gas Company Limited (GGCL) in a petition filed by Surat Citizen Council Trust (SCCT) and Southern Gujarat Chamber of Commerce and Industry (SGon the issue of injustice being meted out to …
The Delhi High court on Wednesday issued a stay on an order issued in November by the Petroleum and Natural Gas Regulation Board for “virtual transport” of Liquified Natural Gas from the west coast to east coast in a swapping transaction between Reliance Gas Transportation Infrastructure Ltd (RGTIL) and GMR …
India Ratings believes that fuel price risk is likely to be manageable with the formulation of a new standard bidding document Indian government's policy measures are helping the power sector as green shoots have started to emerge, believes India Ratings. These policies are directed to solve the fuel risk and …
WASHINGTON: Energy-related carbon dioxide pollution grew by 2% last year after declining several years in a row, a government report said Monday. The increase was largely due to a small boost in coal consumption by the electric power industry, according to the study by the US Energy Information Administration. American …
The committee led by former finance secretary Vijay Kelkar, tasked to come up with recommendations for making India energy independent, has suggested the continuation of the current production-sharing contract (PSC) model that allows cost recovery by exploration and production (E&P;) firms. This comes at a time when the government is …
The government may have approved the Rangarajan formula that could nearly double the price of domestically produced natural gas starting FY14 given the current rates of benchmark prices cited, but the upstream hydrocarbon regulator doesn’t seem to concur. In what virtually deprives Reliance Industries (RIL) of two gas discoveries — …
Notice issued to MoPNG on a contempt plea filed by Dhrangadhra Prakrutik Mandal Gujarat High Court on Tuesday issued notice to the ministry of petroleum and natural gas (MoPNG) on a contempt plea filed by Dhrangadhra Prakrutik Mandal over short supply of compressed natural gas (CNG) for domestic and vehicular …
The Supreme Court Monday said that the government’s decision to double the gas price from the Krishna-Godavari (K-G) basin will be subject to the court orders on the PIL led by CPI MP Gurudas Dasgupta, who has challenged the hike claiming it was done only to benefit Reliance Industries Ltd. …
Centre for Science and Environment (CSE) has slammed the recent hike in CNG prices, a fuel which drives public transport. This has almost destroyed the price advantage that CNG had over diesel, said Sunita Narain, director general, CSE. This makes the price differential between a greener and a polluting fuel …
