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 …
The World Energy Issues Monitor 2014 helps to define the world energy agenda and its evolution over time. It provides a high-level perception of what constitute issues of critical uncertainty, in contrast to those that require immediate action or act as a developing signal for the future. As such, it …
This discussion brief synthesizes key issues being explored by an ongoing SEI project on fossil-fuel infrastructure investments around the world. The International Energy Agency has noted that if global warming is to be kept under a 2°C above pre-industrial levels, a large share of all proven reserves of oil, gas …
South Asia is looking at an energy abyss. Millions of its people have no access to electricity or any other energy. This has put the brakes on the high growth rates in what should have been a dynamic region. High dependence on petroleum import coupled with mismanagement of their energy …
New Delhi: The new environment minister, Saurabh Bhardwaj, has slammed the latest price hike in CNG, saying competitive pricing of diesel and CNG will be detrimental to the environment. He also suggested that “vested interests” in the diesel lobby may be behind the sudden hike. In an exclusive interview with …
New Delhi: The Delhi high court on Monday issued notice to the Centre and IGL on a petition filed by an association of bus operators challenging the recent CNG price hike in the capital. Simultaneously, the newly formed AAP government too moved court, to get ‘impleaded’ as a party to …
Company to furnish $135 m bank guarantee every quarter The Cabinet Committee on Economic Affairs (CCEA), on Thursday, approved giving Reliance Industries Ltd. (RIL) a higher price for natural gas from April next, subject to the company furnishing $135 million bank guarantee every quarter. According to the proposal approved by …
The Standing Committee on Petroleum and Natural Gas has sought a review of the Rangarajan formula for gas pricing, saying that the price should be fixed after factoring in the domestic cost of production. The committee, in a report tabled in Parliament, said the proposed formula is a simple average …
GAIL resolves technical issue, agrees to supply from Dahej Gujarat is all set to get cheap natural gas for domestic and vehicular use with the Central government and Gas Authority of India Ltd (GAIL) resolving the technical issue by agreeing to supply gas at Dahej instead of Hazira as proposed …
HC asked it to pay Rs 10,000 cr in past royalty dues ONGC Oil and Natural Gas Corp (ONGC) today said it would appeal in the Supreme Court against a Gujarat High Court order asking it to pay Rs 10,000 crore in past royalty dues, saying it cannot pay the …
Standing Committee on Petroleum & Natural Gas present this Nineteenth Report on "Allocation and Pricing of Gas". The Committee took evidence of the representatives of the Ministry of Petroleum & Natural Gas at their sittings held on 24.7.2013 and 20.08.2013. The Report was considered and adopted by the Standing Committee …
The Ministry of Petroleum & Natural Gas has been publishing its annual bulletin “Indian Petroleum & Natural Gas Statistics” since 1967 containing comprehensive information on the Oil & Gas Sector. The bulletin provides information in terms of both calendar year and financial year, to address the demands of the diverse …
By 2015, global oil consumption will reach 90 million barrels per day. In part, this high level of consumption reflects the fact that many countries provide subsidies for gasoline and diesel. This paper examines global fuel subsidies using the latest available data from the World Bank, finding that road-sector subsidies …
The share is likely to drop to 30-35% from the current 55% The share of diesel passenger vehicles is likely to drop to 30-35% of annual passenger vehicle sales in the next two years from the current 55%, says a recent report by ICRA. It highlights that while the while …
The Cabinet will soon decide on putting a cap or limit to which natural gas prices can be increased following a new pricing formula coming into effect from April 1 next year, oil secretary Vivek Rae said on Wednesday. The Cabinet had in June decided to price all domestically produced …
Hyderabad : The Parliamentary Standing Committee on Petroleum and Natural Gas has said the states where gas production is taking place should be given at least 50% of the total quantity produced besides the royalty on natural gas produced from offshore fields. The recommendations, if accepted, will boost Andhra Pradesh …
Suggests immediate raise by Rs 4 to 5 a litre for the fuel; report likely to be submitted on Wednesday Diesel prices should be immediately raised by Rs 4-5 a litre, the Kirit Parikh Committee has recommended, while favouring continuation of the existing pricing principles for controlled petroleum products. The …
Seeks 16 weeks time from Gujarat High Court to implement SC orders The Central government is planning to frame a policy to supply compressed natural gas (CNG) to Gujarat at the same rate as it is given to Delhi and Mumbai under the administered price mechanism (APM), in line with …
Moily will take the metro from Race Course metro station residence and travel to the Central Secretariat station Union Petroleum and Natural Gas Minister Dr. M. Veerappa Moily will travel by metro today as part of a fuel conservation drive. "Saving petrol is saving India's money. This is a sense …
A bench of Justice H L Dattu and Justice M I Iqbal on Monday upheld Gujarat high court's order passed last year The Supreme Court on Monday has directed the Union government to provide compressed natural gas (CNG) to Gujarat on the same rate as it is given to Delhi …
NGO Common Cause, others, allege mala fide conduct by RIL The Supreme Court on Monday issued notice to the Centre, Reliance Industries and others on a public interest litigation petition filed by NGO Common Cause and others seeking a direction to the Union of India to cancel the production sharing …
