Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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Fuel price cut only when oil at $67: Deora
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 touched a 7-month low.
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Global crude price seen falling to $90/barrel
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 production as was initially estimated. Analysts expect oil prices to decline further in the next couple of months as production remains robust and demand for oil and oil products falls, especially in big consumers such as the US, China and Europe, in the face of global economic slowdown.
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How to enforce dual diesel prices
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 baby steps in the direction of conserving and better utilising a scarce non-renewable energy resource that is largely imported.
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Opec ponders when to cut oil output in effort to boost price
For nearly two years the Opec oil cartel has watched oil prices rise with a mixture of delight and foreboding.
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Self labeling will not work: CSE
The auto industry's recent proposal of voluntaryfuel economy labeling will not work.
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Dual fuel pricing: State bus units to take hit of Rs 5,000 crore
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 undertakings under severe financial strain. The state road transport undertakings made total losses of over Rs 2,150 crore in 2006-07.
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Rajasthan Govt. reduces VAT on diesel
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 relief on petrol. Annual burden State Parliamentary Affairs Minister Rajendra Singh Rathore told reporters here on Saturday that the decision would put an annual burden of Rs.250 crore on the State exchequer, with Rs.200 crore for diesel and Rs.50 crore for the cooking gas.
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Bulk diesel consumers may have to pay mkt price
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 economic zones (SEZs)
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Car makers flock oil-rich west Asia
TOKYO/DUBAI: Custom-made Rolls-Royces, stretch Hummers and bright red Maseratis line the entrance to Dubai
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Centre rules out price cut
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.