Stay updated with breaking news from Administered Price. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
THE Energy Regulatory Commission (ERC) has moved to protect consumers from the spike in power rates by suspending the operations of the Wholesale Electricity Spot Market (WESM) in Luzon and Visayas whenever the red alert notice is issued by the system operator. President Ferdinand R. Marcos Jr. promptly hailed the…
Gas Market In India: This marks a shift from the current scenario where single operators have dominated without facing competition, a business daily reported.
The price of domestic natural gas price has been set at USD 8.27 per mmBtu for the month of May, as against USD 7.92 in April, as per a notification from Petroleum Planning and Analysis Cell (PPAC).
Rubik's Cube Of Petrol, Diesel Pricing Crowded Petrol Station (Photo by Mujeeb Faruqui/Hindustan Times via Getty Images) Snapshot Explained thus is why fuel prices are rising in India and why it is not in the government's interest to reduce taxes on petroleum products. The steady rise in petrol and diesel prices with the petrol retail price crossing Rs 100 in some cities has put the spotlight again on a recurrent subject. This beckons an attempt to marshal some relevant facts. India is the third biggest energy consumer after China (about four times Indiaâs consumption) and USA (about...