The government’s plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products.

Non-revision of diesel, LPG and kerosene prices, firm crude oil prices and a weak rupee may combine to foil Finance Minister Pranab Mukherjee's subsidy-reduction plans.

New Delhi State-owned oil marketing companies IOC, HPCL and BPCL are evaluating a revision in the price of petrol to address a loss of R5 on every litre sold as the code of conduct restrictions related to assembly polls are over now.

Company executives said they cannot give the exact timing and the quantum of the price revision they will be able to effect.

CSE study shows that wind energy business often subverts the purpose for profit, and wind farms do not generate energy

It was a trade exhibition abuzz with the restrained chatter of busy suited executives at company stalls making contacts and finalising deals. Nothing out of place — except that this trade was in renewable energy technologies, which have unconventional reasons for growth.

The price of diesel could increase substantially if the government is to accept the Prime Minister Economic Advisory Council’s advice.

“There is an overdue need to make some adjustments in the price of diesel, even if this is done in a phased fashion,” said the council in its Review of Economy (2011-12) released on Wednesday.

The state-owned financial institution Infrastructure Development Company Ltd (IDCOL) will provide financial aid to install one million new solar home systems and 20,000biogas plants across the coun

The Sri Lankan government has decided to provide a kerosene subsidy to the low income households that do not have electricity.

Low-cost solar panels and solar batteries will be provided to poor communities in 14 countries in Africa and Asia in the next four years, the UN Development Programme said Thursday.

Delhi residents are ahead of the others in terms of earning and spending, says a new government survey.

Oil Minister S Jaipal Reddy today ruled out deregulation of diesel prices and said he had demanded that the government compensate state-owned oil firms for the losses they made on not raising prices of petrol.

"Deregulation of diesel in entirety is very difficult proposition but at appropriate time we may look at reducing subsidy on diesel. But that time hasn't come," he said here.