Europe Shows Price Hike May Not Hit Growth
Ramkrishna Kashelkar MUMBAI

THE report submitted by the expert group headed by Mr Kirit Parikh on a viable and sustainable system of pricing of petroleum products if accepted by the government could boost the prospects of state-owned oil firms.

Panel Wants Decontrol, Govt May Settle For Rs 3 Petrol Hike, Re 1 For Diesel

Sujay Mehdudia

NEW DELHI: The Prime Minister-appointed Kirit Parikh committee on Wednesday recommended complete decontrol of the petrol and diesel prices and favoured a hike of Rs. 100 a domestic LPG cylinder and an increase of Rs. 6 a litre for kerosene.

India

New Delhi: After dal-chawal, petrol, diesel and CNG may burn a bigger hole in your pocket as the government tries to strike a balance between keeping transport fuel prices in check without letting staterun oilmarketing companies slip into the red.

Petroleum Minister Murli Deora today said the government was trying its best not to increase the prices of petroleum products. Deora will meet Finance Minister Pranab Mukherjee tomorrow to seek higher subsidy for oil marketing companies (OMCs). He also said any decision on petroleum pricing would be taken up only after the Kirit Parikh committee submitted its report later this week.

Petrol Price May Go Up By Rs 4.7, Diesel By Rs 2.3 Within Weeks
Our Bureau NEW DELHI

THE government may take a decision on freeing petrol and diesel prices after the Kirit Parikh committee on rationalising fuel subsidies submits its report this week, oil minister Murli Deora said.

Ajay Modi & Jyoti Mukul / New Delhi January 16, 2010, 0:32 IST

Oil and Natural Gas Corporation (ONGC) is in favour of full market price parity for retail sales of petrol and partial burden sharing by consumers of diesel, LPG and kerosene. The company has also suggested a formula for sharing the burden of an increase in crude oil prices beyond $60 a barrel.

The latest issues of both the World Energy Outlook (WEO) and the World Economic and Social Survey (WESS) brought to the fore the importance and urgency of a low carbon revolution in order to align climate and development imperative and digress from

This research aims to assess economic and social impacts of 20% biofuels blending mandate by 2017, using forward-looking dynamic CGE model that can model transitional dynamics of the economy. Start from a simple version of the model, then later incorporate important issues gradually.

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