A committee recommends rationalization of diesel and petrol prices The long awaited pricing formula for petroleum products to bail out the oil industry from impending bankruptcy has been tabled. If put into effect this prescription can correct distorted prices of automotive fuels of petrol and diesel and halt misuse of under-taxed and under-priced diesel by the car sector. This is

energy-starved Sri Lanka has levied a tax on incandescent bulbs of over 40 watts and soon plans to ban the import and manufacture of bulbs of 75 watts and above. The target is to completely ban the se bulb by 2010. Sri Lanka Sustainable Energy Authority (sea) hopes the move will help promote energy efficient compact fluorescent (cfl) bulbs.

New Delhi,

Mukesh Ambani-run Reliance Industries and Anil Ambani's Reliance Infrastructure are the only two companies to have qualified for the $6-8 billion project to convert coal into oil, as per the criteria set by the government.

Sudheer Pal Singh / New Delhi August 21, 2008, 0:23 IST

Central Electricity Authority data reveal that orders for some higher capacity (500-800 Mw) equipment have not been placed

India is set to miss the 11th Five-Year Plan's power capacity addition target as some orders for higher-capacity equipment have not been placed yet.

Experts say even if the orders are placed today, it is not possible to commission the equipment within the 43 months that remain of the current Plan period, which ends in March 2012.

New fuel for Kolkata vehicles kolkata may soon become the first city in India to have vehicles running on methane if a deal between Oil and Natural Gas Corporation (ongc), a private gas distribution company, and the West Bengal government goes through. ongc and Calcutta Compressions and Liquefaction Engineering, a Kolkata-based company, signed a memorandum of understanding on July 10