The wind tariff in India touched lowest level of Rs.2.64 per kWh in the second wind auction conducted by the Solar Energy Corporation of India (SECI) on behalf of Ministry of New & Renewable Energy, Government of India yesterday. The tariff discovered is much lower than first wind auction concluded at Rs. 3.46 per kWh […]
Day: October 5, 2017
Natural gas pricing should be in sync with market reality, says GAIL Chief, Tripathi
India’s gas sector is crying out for an appetite for gas consumption by upstream and downstream industries and creation of a market where the benign and efficient fuel plays a peaking role and the tariff set by the regulator is in sync with market reality. This was stated by Mr. B. C. Tripathi, CMD, GAIL […]
Excise duty cut on fuel is a drop in the ocean: Sena
The government’s move to cut excise duty on petrol and diesel by Rs 2 per litre is like a drop in the ocean as it comes after months of rising fuel prices, the Shiv Sena today said. The Sena used a popular idiom — “oont ke muh me jeera” (a small cumin seed in a […]
Oil steady as talk of new OPEC deal balances US exports
Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. “Oil news is contradictory,” said Carsten Fritsch, analyst at Commerzbank in Frankfurt. “OPEC and Russia are talking about extending production limits, but […]