In Charge Of New Fuel Pricing Mechanism, Kirit Parikh Favours Bonds For Pvt Cos On Par With Govt Firms
Supriya Shrinate ET NOW

New Delhi: Prime Minister Manmohan Singh may deliberate on freeing auto fuel prices when he reviews the financial health of state-run oil firms with finance minister Pranab Mukherjee and oil minister Murli Deora on January 13.

IN AN urgent bid to revive the mandatory blending of 5% ethanol with petrol, the Centre is gearing up to rework the formula for pricing ethanol in order to activate the ethanol supply tenders from sugar factories to oil marketing companies (OMCs).

LARGE-SCALE MISUSE OF Rs 54,000-CRORE SOP IS HURTING PUBLIC SECTOR OILCOS

New Delhi: Fuel worth Rs 100-150 crore is wasted on highways annually due to inter-state and intra-state checkpost delays and elaborate checking of documents, a recent study by logistics major Transport Corporation of India (TCI) and IIM-Calcutta has found. The joint study also claimed bad road condition resulted in reduction of average truck speed to only 20 kmph.

Tirupur: The Tamil Nadu State Transport Corporation (TNSTC) has registered an improvement in fuel efficiency and brought down the breakdown rate of its buses attached to Coimbatore region this year vis-a-vis last year, according to TNSTC General Manager (Coimbatore region) K. Chandramouli.

The world's airlines have agreed to new fuel efficiency and carbon emission targets which go much further than the levels required through regulation, an industry group said on Saturday.

Companies working with Ford Motor Co (F.N), Chrysler Group and General Motors Corp [GM.UL] received more than $600 million on Wednesday to further development of batteries for hybrids and electric cars.

The awards were part of $2.4 billion in grants being announced by the Obama administration as part of its "green" economy vision and efforts to enhance U.S. energy independence.

Hyundai Motor Group, the world's No.5 automaker, said on Wednesday it would invest $3.3 billion in green projects to meet the government's stricter fuel efficiency and emission requirements, joining a recent series of eco-friendly investments by South Korean firms.

New Delhi: The government has finally decided to implement auto fuel economy standards. After a year of wrangling between the heavy industries, surface transport and power ministries, the PMO has decided that the Bureau of Energy Efficiency (BEE) will formulate the norms and notify them under the Energy Conservation Act while the surface transport ministry will ensure its implementation.