With rapidly increasing global crude oil prices, the prices of natural gas at various international hubs, which form a part of India’s domestic gas price calculation, have seen an uptick in the last few months.
Small lenders will submit their resolution plans on stressed power assets to a group of bankers and assess the situation on October 10, Financial Express reported quoting people aware of the development.
India’s government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on Thursday, anticipating a spike when US sanctions on Iran snap back again in November.
Petrol prices continued to rise to new highs across the country on September 21. The price of petrol in Mumbai rose by 9 paise and currently stands at Rs 89.69 per litre in the city. The price of petrol in Delhi rose by 10 paise
The Delhi division of Northern Railway is mulling installation of CCTV cameras at all its manned level crossings, sources said days after a gateman’s hands were hacked by three motorcycle-borne men at a crossing.
Many Indians are switching off air conditioners in cars and going to gas pumps across state borders in a bid to save money, as petrol prices across the country hover at record-high levels.
Solar power developers have urged the power ministry to impose 50 percent tariff penalty on distribution companies that are not buying clean power despite their purchase agreements, sources said.
Crude oil prices have been rising over the past couple of months due to US sanctions on Iranian crude oil exports, higher demand and decreasing output from Venezuela.
All of a sudden, a strong lobby appears to be emerging advocating the use of 20 percent ethanol in petrol for use by automobiles. The argument favouring the use of ethanol is that it is cheaper than petrol
Maharashtra Chief Minister Devendra Fadnavis urged the Asian Development Bank (ADB) to speed up the financial assistance process for road development projects in the state.