India’s energy consumption has risen at a compounded annual growth rate of 5.96% in the last three decades even while GDP has grown by 5.7%, pointing to need for fuel price reforms and securing more of the hydrocarbon from domestic sources.

According to the Energy Statistics report for 2013 prepared by the ministry of statistics and programme implementation (MoSPI), the per capita energy consumption has grown by five times to 6205.25 kWh at the end of 2011-12 from 1,204.39 kWh in 1970-71, a CAGR growth of 3.98%. The per capita energy consumption was up by 7.2% during 2011-12.

Current policies on containing air pollution, particularly in cities, are regressive

Our health is not on anybody's agenda. Or we just don't seem to make the connections between the growing burden of disease and the deteriorating condition of our environment. We don't really believe science, which tells us each passing day how toxins affect our bodies, leading to high rates of both morbidity and mortality. It is true that it is difficult to establish cause and effect; but we know more than enough to say that air pollution is today a leading cause of both disease and death in India and other parts of South Asia.

Energy NGO Teri has revolutionised 500,000 lives through a scheme that uses solar LED lanterns to provide cheap power

Oil-marketing companies (OMCs) have decided to increase petrol prices by Rs 1.40 per litre with effect from Friday midnight. With this, petrol price in Delhi would be Rs 70.46 a litre now.

The last price hike was on February 16. Between then and now, international petrol prices rose from $128.57 per barrel to $131 per barrel, which necessitated price revision, said an IndianOil Corporation (IOC) release. The rupee has also depreciated from Rs 53.43 to Rs 54.15 versus dollar in the same period.

Banking on the phased deregulation of diesel pricing, the government proposes to cap subsidy on this fuel at R6 per litre in 2013-14 to insulate itself from volatility in global crude oil prices wh

Fuel prices are back on the boil. Oil marketing companies on Friday increased petrol price by Rs.1.50 a litre and diesel by 45 paise a litre. This is the second straight month where oil marketing firms have raised diesel price to bring down the under-recovery. The government has allowed them to increase disel prices by 45-50 paise a month till underecovery on the product is completely eliminated.

The price of petrol was last revised downward by 30 paise a litre on January 18 but diesel prices went up by 45 paise a litre on the same day.

The government will pay Rs 25,000 crore additional cash subsidy to state-owned fuel retailers to make up for part of the revenue they lost on selling auto and cooking fuel below cost this fiscal.

The Finance Ministry on February 7 issued a "comfort letter" to Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) sanctioning Rs 25,000 crore for part of the revenue they lost on selling diesel,

New Delhi: Fearing oil refineries will be hit hard by the Finance Ministry's move to change the way petrol and diesel are priced, Oil Minister M Veerappa Moily has asked Prime Minister Manmohan Singh to constitute an expert committee to decide on the issue.

The Finance Ministry has informed the Petroleum Ministry that auto fuel needs to be priced at export parity rather than import parity as the 2.5 per cent customs duty was adding to the under-recoveries of the state-run oil marketing companies without contributing any revenue to the exchequer.