New Delhi, May 3 (IANS) The Centre is likely to approve a fresh package of financial incentives this month to boost coal gasification projects with an estimated outlay of over Rs 35,000 crore, according to reliable sources.The Cabinet proposal drawn up by the Ministry of Coal will scale up the earlier Rs 8,500 crore incentive programme approved in January 2024, which laid the foundation for coal gasification in India.The proposed scheme, to be taken up by the Union Cabinet, is aimed at accelerat…
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Seoul, April 30 (IANS) Top diplomats of South Korea and Australia held talks Thursday and agreed to enhance cooperation to ensure stable supplies of diesel and other energy resources amid global supply disruptions caused by the ongoing crisis in the Middle East.South Korea’s Foreign Minister Cho Hyun and his Australian counterpart, Penny Wong, adopted a joint statement during their meeting in Seoul, covering high-level exchanges, economic security, defence cooperation and regional security issue…
New Delhi, April 29 (IANS) Global crude oil prices extended their upward momentum on Wednesday amid reports that the United States is likely to continue its blockade of Iranian ports, raising concerns over prolonged supply disruptions in the Middle East.International oil benchmark Brent crude rose 0.63 per cent to $111.97 per barrel, while US West Texas Intermediate (WTI) crude gained 0.81 per cent to $100.74.The rise was supported by reports that claim US President Donald Trump has asked aides …
New Delhi, April 27 (IANS) There is no change in the retail prices of major fertilisers in India despite a sharp rise in global prices as the government is committed to shielding farmers from global price volatility while ensuring affordability and accessibility, the Ministry of Fertilisers announced on Monday.Despite a sharp rise in global fertiliser prices — where international prices of urea have exceeded Rs 4,000 per bag — the government continues to supply urea to farmers at a highly subs…
New Delhi, April 22 (IANS) The government on Wednesday said that 41 biogas cylinder filling and storage plants have been granted approval, and subsequently, licenses have been issued to 14 plants.A total of 467 applications for compressed natural gas (CNG) and compressed biogas (CBG) dispensing stations were received by the Petroleum and Explosives Safety Organisation (PESO), and all were disposed of on a priority basis from March 25 to April 21.Out of 467 cases, in 157 cases, final licenses wer…
New Delhi, April 22 (IANS) With the conflict in the Middle East leading to disruption in oil supplies and soaring prices in global market, South Asian countries are turning to India, rather than China, to tide over the fuel crisis, according to an article published by OCRA (Organisation for Research on China and Asia).For South Asian economies already operating with limited buffers, a prolonged disruption could translate into sustained price pressures and mounting fiscal strain.In this context, …
Washington, April 21 (IANS) Nuclear power and natural gas could anchor the next phase of India-US energy cooperation, as both countries look to cut costs, diversify supply chains and strengthen long-term energy security, according to a US-based expert.“There are plenty of opportunities right now,” said Dinsha Mistree, from the Hoover Institution of the prestigious Stanford University, pointing to nuclear energy as “very critical” for future collaboration between India and the United Stat…
New Delhi, April 18 (IANS) Defence Minister Rajnath Singh on Saturday chaired the fourth meeting of the Informal Group of Ministers (IGoM), reviewing the situation in West Asia and assessing India’s preparedness amid ongoing geopolitical uncertainties.Describing the situation in West Asia as “uncertain and volatile”, the minister emphasised the need for India to remain prepared not only for de-escalation but also for any renewed escalation.He also said the government, under Prime Minister Narend…
Washington, April 16 (IANS) The United States expects the ongoing conflict involving Iran to ease within weeks, with the Energy Secretary expressing confidence that the economic impact, particularly on oil markets, will remain contained.Speaking at a Wall Street Journal policy discussion, US Energy Secretary Chris Wright said the situation would not trigger prolonged economic strain despite a temporary spike in fuel prices.“I think the conflict will be resolved in the next few weeks,” Wright…
Sydney, April 15 (IANS) Virgin Australia said on Wednesday it will reduce flights in the current quarter and flagged increased fares to offset higher jet fuel costs. In an update to the Australian Securities Exchange (ASX), Virgin Australia said that its fuel costs in the second half of 2026 are expected to be up to 40 million Australian dollars (about 28.5 million US dollars), higher than previously forecast, as a result of a surge in oil prices driven by the conflict in the Middle East, report…