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 Pricing (cartoon)
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Left-ruled states to go on strike
Upset that most of its proposals have been ignored by the government, Left reacted to the price hike of petroleum products calling it unjustified and gearing for a "powerful protest movement'.
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NDA, CPM stage boycott of oil panel meeting
Subodh Ghildiyal | TNN The political repercussions of a fuel hike were visible within hours of the announcement, with BJP-led NDA and the CPM coming together to boycott the consultative committee meeting chaired by petroleum minister Murli Deora. The boycott of Deora, which included a protesting band of MPs from BJP, Akali Dal and CPM, only buttresses the fears in Congress that the fuel price hike would have serious political costs.
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Death by amusement
Hiranmay Karlekar It is more likely for water to be turned into wine than for soaring petrol and diesel prices, which threaten to hobble the world's economy, to plummet. The global food shortage may end, but not in a hurry. It may also continue, given the vagaries of climate change following failure to contain global warming. While welcoming the economic strength that India and China have acquired, US President George W Bush, who always has at least one foot close to his mouth, has ascribed the food crisis to the rise in purchasing power and demand in the two Asian giants.
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Reducing hovering, saving fuel
Congestion over Mumbai, Delhi and Ahmedabad is set to come down drastically with the minimum separation between flights being reduced from August 1. In the wake of spiralling fuel prices, this decision would bring relief not just for passengers who often have to spend close to an hour hovering over the destination but also for airlines who otherwise burn precious fuel in the process.
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Silver lining: Analysts say car prices will fall
For prospective car buyers, there could be a silver lining in the steep fuel price increase announced on Wednesday. Carmakers, already reeling under the signs of a downturn in sales, may be forced to sweeten the discounts and freebies to pull customers to showrooms, reports Pankaj Doval. As companies complained of an impending slowdown due to the
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For families, less to cost more
Cutting across political and cultural boundaries, the latest round of fuel price hike has shaken and stirred the average Indian middle class family. The new rates are likely to take a heavy toll on all household budgets, but the middle class would be the worst affected.
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Govt bites the bullet: LPG up Rs 50, petrol Rs 5, diesel Rs 3
Left, RJD, NDA Condemn Hike; Govt Too Will Tighten Belt If you drive 36km daily
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Oil companies are losing Rs 725cr daily on fuel sales
The government has been deliberating on measures over oil prices through the last fortnight. Meanwhile, the companies' losses rose from Rs 16.34 a litre to Rs 21.43 on each litre of petrol, Rs 23.47 to Rs 31.58 on diesel, Rs 28.72 to Rs 35.98 on kerosene and Rs 305.90 to Rs 352.90 per 14.2-kg cylinder of cooking gas. Together, the three firms are losing Rs 725 crore daily on fuel sales, up from Rs 580 crore.
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G-8 should tackle food, fuel prices'
Soaring prices at Europe's superMarkets and petrol stations require a coordinated response by the world's top eight economies rather than fiscal or monetary policy changes, EU finance ministers said on Tuesday. "We have to accept external shocks and we have to discuss (this) at a multilateral level," said Economic and Monetary Affairs Commissioner Joaquin Almunia ahead of a monthly meeting of the EU's finance ministers.