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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EU fishers up against dearer fuel
The spiralling fuel prices in the international market have hit European fishing fleets. Angered fishers are blockading ports in several countries. France and Scotland have initiated a
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Let them heat coke
As SPANISH hauliers and French fishermen have shouted out for all the world to hear, higher fuel prices are not popular. This is uncomfortable for those
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Bus owners divided over fare hike
After the state transport minister, Mr Subhas Chakraborty, hinted that bus fares could be hiked soon following rise in fuel prices, bus owners are now divided over the propose rise in fare. All three major bus owners' associations have decided to send their proposals to the transport minister tomorrow. Two of these associations are opposing the fare hike fearing that they would lose passengers. Rest of the associations are going to demand legitimate fare hike to cover up the loss.
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Congress has no right to stay in power if it cannot control prices'
The Bahujan Samaj Party held a rally in the Sector 17 plaza today to protest against the rising prices of fuel and the cost of essential commodities. Beating thalis to
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View Point: Petro price hike
The hike in the price of petro-products announced by the UPA Government has led to agitations and bandhs all around especially in non-Congress ruled states. If we go by the version of the Govt. this hike had become necessary to save the Oil Companies from bankruptcy. Even the Reserve Bank of India has termed the hike in petroleum products as a step in the right direction. But the country is already facing an inflationary pressure of the worst kind which has touched a figure of 8.24%. Prices of essential commodities have shot up thereby making the life of the common man miserable.
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Effective measures needed: To check petrol consumption
After the slowdown in American economy prices of crude oil have shown drastic swing. On Saturday the prices of crude oil reached up to 139 per barrel in New York. In the matter of oil consumption the five premier nations America, Japan, China, India and South Korea have expressed serious concern on record price rise of oil. In the conference of these countries in Aomori(Japan), the ministers of these countries told in a joint statement that drastic increase in oil prices has not only affected the importers of oil, but the producers and exporting countries also.
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Surat docs ride bicycles over fuel price hike
As fuel prices skyrocket, a motley group of doctors in Surat has got together to circumvent the hike by forming a 'Bicycle Club'. The motto is not just 'burn rubber to stop burning a hole in your pocket'. They are hoping to spread the virtues of good health and encourage others to take to cycling. As a start, 50 members, including 25 doctors, will leave behind their gas-guzzling cars and cycle to work every day.
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Personal Thought: Oil price hike to hit poor
The Union government has affected steep hike in petroleum prices. Petrol is dearer by Rs five, diesel by Rs three per litre and LPG cylinder would not cost Rs 50 more. Prime Minister Manmohan says that price hike had become a crying need in view of heavy losses to oil companies. But the masses think differently. They say that even if price hike was so imperative, it should not have been so steep. The central government should have hiked petrol price by Rs two and diesel price by Re 1 while Rs 20 should have been added to the existing cost of LPG cylinder.
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BRTS on 'tender' ground after oil price hike
Rising oil prices have raised several technical concerns for the tendering process of BRTS buses. The increase in CNG and diesel prices would mean a direct impact on Ahmedabad Janmarg Limited (AJL)'s revenue, the governing body of BRTS in the city. The tendering process has been postponed by a week. The operators have already sounded their concerns to the AJL board about a possible increase in operations cost. This cost is to be paid by the AJL to the BRTS operators per kilometre.
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Opinion - When will they learn?
It is true that any hike in oil prices will have a cascading effect through enhanced transport costs. But planned price increases are better managed and more equitable than inflation The Supreme Court view that the creamy layer concept can only be abandoned when and if more than 50 per cent of the community in question attains graduate status is fallacious. Few countries in the world, not excluding the most advanced, can boast such levels