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
-
Decision on fuel price increase is likely today
Your motor fuel bill is poised to rise as the government looks set to decide on oil prices on Wednesday. Also on the agenda is an increase of Rs 10-20 in the price of cooking gas refills
-
Oil price hike likely today
The government is likely to announce a hike in fuel prices on Wednesday to bail out state-owned oil marketing companies (OMCs) that are suffering massive financial losses due to skyrocketing international crude prices. The decision will be first taken at a meeting of the Cabinet Committee on Political Affairs (CCPA) scheduled for the morning and later ratified by the Cabinet.
-
Should prices of petroleum products be raised?
DEBATE There is no doubt the oil companies are bleeding, but the issue is whether the government should also reduce the extra taxes it gets from high oil prices Dharmakirti Joshi Director and Principal Economist, CRISIL Ltd "India's level of taxes on oil is comparable with that in most countries, so cutting taxes is no solution. Higher prices will also encourage conservation in usage"
-
Japan Post to convert entire fleet to electric vehicles
Japan Post Service Co will convert all of its fleet of some 20,000 automobiles to electric vehicles over about eight years starting this fiscal year, company officials said Monday. The move by the mail delivery unit of Japan Post Holdings Co is designed to cope with soaring crude oil prices and to reduce greenhouse gas emissions, the officials said. In the fiscal year that ended in March, the company used some 70,000 liters of gasoline, costing over 10 billion yen.
-
Oil firms' losses to hit a new high in June
Under-recoveries by state-owned oil marketing companies are set to hit a new record in June with the under-realisation on the sale of diesel, the largest selling fuel and also the most politically sensitive, almost matching the subsidised selling price. At Rs 31.58 per litre, the under-realisation on diesel is a few paise short of the actual subsidised selling price of diesel in Delhi
-
"We cannot fully insulate consumer'
In search of a "wider' consensus among political parties
-
Diesel cars should pay more duty'
Should private diesel cars be taxed more than petrol cars to neutralize the subsidy they get on retail fuel prices, originally kept low for benefiting commercial vehicle operations like public transport vehicles and goods carriers that have a direct bearing on inflation.
-
Food and oil fuel expectations (editorial)
There is a sense of deja vu in the government's reaction to the latest inflation figures announced on Friday. For the week ending with May 17, inflation measured by the WPI index climbed to a 45-month high of 8.1 per cent. During the corresponding week last year, inflation was at 5.3 per cent. Finance Minister P.Chidambaram termed the development worrisome and suggested that although recent government measures would act to contain inflation, it might take a while bef ore there is a distinct moderation. That is because global crude and other commodity prices continue to be at record highs.
-
Ridership on mass transit breaks records
More people are riding the nation's buses and trains, breaking records for the first quarter of the year. Transit operators expect the increase to be greater in the second quarter as gasoline prices soar. A report set for release today by the American Public Transportation Association (APTA) shows trips on public transit January-March rose 3% over the same period last year to 2.6 billion rides. Light rails saw the biggest jump: 10% to 110 million trips. Early figures for April show ridership going even higher as gas hovers near $4 a gallon, says APTA president William Millar.
-
Lack of skilled manpower is another concern
The government can partly keep crude import bill and prices under control by supporting oil companies in acquiring rigs for exploration of domestic hydrocarbon sources, according to industry body Assocham said. Currently, 70 per cent of India's petroleum, oil and lubricant requirements are met through imports which might go up to 90 per cent by 2010, Assocham said in its paper on 'Indian Oil & Gas Sector: An Overview.'