Price increase must for oil PSUs to be profitable: PM
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THE HAGUE, NOV 7: Prime Minister Manmohan Singh on Sunday made a fervent appeal to Left parties to understand the compulsions that necessitated the hike in oil prices.
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NEW DELHI, Oct. 31. - The government today asked oil marketing companies not to hike price of petroleum products for another fortnight.
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Oil prices rose for the second day in a  row on Thursday as several OPEC ministers called for the cartel  to stop producing more oil than its official target to prevent  a glut next year.
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Two OPEC members are pledging to increase supply or boost reserves as oil prices spiral higher, according to media reports Sunday.
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Pepco is seeking permission to raise residential electricity rates in the District an average of 7.8 percent, the company said yesterday, citing the increased cost of maintaining and upgrading its distribution system.
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OPEC may decide to increase oil output  at its February 1 meeting in Vienna if supply is not  sufficient, Indonesia's OPEC governor told Reuters on Thursday.
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The company says the record price of wholesale gas, which also effects the cost of electricity, is to blame. A spokesman said the increases would add an extra 7p a day to electricity bills.
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The government will decide on increasing petrol, diesel, LPG and kerosene prices within the next 24-48 hours. This was announced by Finance Minister P Chidambaram after a meeting of the Cabinet Committee on Economic Affairs.
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WINDSOR, Ont. (CP) - Ontario risks sharp price increases if it gives the private sector a greater role in the electricity market, says a British expert on energy markets.
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The sharp rise in oil prices which recently creeps towards $60 per barrel has put many energy industries and those reliant on energy on the edge for fear of the adverse affects of escalating prices.
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VIENNA, Austria -- Raise prices. Ease production. For weeks ahead of this week&#39;s OPEC meeting, hawks in the organization have been talking tough about the need to keep oil revenues high -- and lowering output.
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OPEC production levels are increasing to meet escalating demand but over-inflated prices can only be brought down by resolving global conflicts, the organisation&#39;s president has said.
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The energy regulator OFGEM wants to see any evidence that energy companies are conspiring to raise prices.
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State officials said that the company should be allowed to raise the prices it charges for delivering electricity by what critics believe would be the biggest amount ever.
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Energy firm Npower is to increase gas and electricity bill prices for its domestic customers for the third time this year.
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BEIJING : Rising energy and raw material prices are pressuring inflation and will push up the consumer price index next year, state press cited the country&#39;s top statistician as saying.
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The energy servicing company should benefit from high utilization and rising rates.