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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Bandh hits normal life in State
Normal life was crippled in Assam during the 12-hour bandh called by the AGP, BJP and supported by Left parties in protest against the unprecedented price rise of essential commodities, including the soaring cost of petroleum products. No major incidents were reported during the period. The bandh that started at five in the morning resulted in near-nil attendance in important government offices, while business and educational institutions remained closed, and the major highways saw a sharp fall in vehicular traffic.
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Carbon markets good for corporate governance
For the first time in history, oil prices breached the $135 per barrel mark last month. Since then, prices have ebbed slightly but the fallout in India is just the beginning. On June 5, the Central Government bravely increased petrol, diesel and LPG prices. This year oil subsidies are likely to cost the country over Rs 2,20,000 crore
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Farmers worried over erratic power supply, hike in fuel prices
Amritsar - With power playing truant and prices of petrol and diesel on an all-time high, farmers in the district are at their wits ends. With paddy season approaching, farmers have urged the government to either ensure 24-hour power supply to run their tubewells or provide fuel at subsidised rates. The farmers said even after Chief Minister Parkash Singh Badal's assurance of eight-hour regular supply, the ground situation was pathetic.
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Mamata reacts
Miss Mamata Banerjee, Trinamul Congress chief today alleged that UPA has increased the price of petroleum products many times more than the NDA had, and dismissed the CPI-M's charge that she was silent when the NDA government took the harsh measure. She recalled she had tendered her resignation in protest in 2001 when the NDA government tried to raise the price of cooking gas by Rs 20. "This forced the NDA government to roll back and the increased price was Rs 10.'
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State not in a position to reduce tax on petrol: Kalia
Justifying the stand of Punjab Chief Minister on not reducing the tax on petro-products, cabinet minister and senior BJP leader Manoranjan Kalia today said the state was not in a position to face the brunt of inefficient policies of the Union government. "States have limited sources to generate revenue and if taxes on petroleum products are reduced, they will adversely impact the development projects of the state," Kalia said.
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Sena protests fuel price hike, stages rail roko'
Peak hour train services on Central Railway's main line were disrupted on Friday morning due to a "rail roko" protest by Shiv Sena workers at Mulund against the fuel price hike by the UPA government. Over 50 Sena activists led by a local corporator went on the tracks at the station's Nahur-end at about 9.30 am and blocked movement on all the four tracks. Train movement was completely halted and the GRP men dispersed the mob within a short while. However, the traffic movement was restored by 10 am, the railway police said.
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Fuel hike will burn a big hole in our pocket'
The increase in fuel costs is expected to have a cascading effect on the price of essential commodities. With inflation at an all-time high, people are having a hard time managing their household budget. The Rs 5 hike in petrol, Rs 3 in diesel and Rs 50 for LPG has forced the the common man to ponder over the means to tide over the current crisis.
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Frugality is not poverty
The duty on buses which carry more people is the same as that on small cars, such is our warped policy. After much vacillation and prevarication, the government has finally done the inevitable
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UPA does it
GLOBAL OIL SHOCK HITS HOME: Petrol up Rs 5, diesel Rs 3, LPG 50; unpopular but we had no choice, says PM, calls for official austerity Aware that it would very well be the last price hike that his government could afford before the election frenzy sets in, Prime Minister Manmohan Singh today came out of the clutches of Left allies, approving the maximum proposed increase in consumer prices to provide much-delayed succour to state-run oil marketing companies which have been losing money as global prices of crude oil head north.
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BEST will absorb petro hike, but autos may not
The steep hike in fuel prices will cause a dent of Rs 20 crore in the coffers of the BEST per year. However, the undertaking does not intend to tax BEST commuters any further with higher fares. "There would be no increase in the BEST bus fares,' said Uttam khobragade, General Manager, BEST undertaking. Meanwhile, the city's autorickshaw and taxi unions are adopting a wait and watch policy. At present, both unions have not expressed any plans to demand higher fares.