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The government''s fertiliser subsidy bill in the current fiscal year may go up by about Rs 10,000 crore due to the Russia-Ukraine war, but higher tax revenues will help keep fiscal deficit close to the estimated 6.9 per cent level, an official said. The official further said the oil prices are expected to cool in the next 2-3 months on higher production from the US and OPEC member countries. The Revised Estimates (RE) had pegged the fertiliser subsidy at over Rs 1.40 lakh crore in current fiscal year, while the Budget Estimate (BE) for next fiscal year is estimated at over Rs 1.05 lakh crore. "We expect oil prices to cool in next 2-3 months. The rising oil prices would not alter the budget math of the government much in the current fiscal except for fertiliser subsidy which is likely to go up by about Rs 10,000 crore," the official said. The official further said that since farmers need to stock up fertilisers before the beginning of the sowing season, import of potash -- a key component in fertiliser manufacturing-- cannot wait for international prices to cool.

Europe has managed to divert some U.S. liquefied natural gas shipments to its ports. But EU countries will likely need to sign longer-term contracts to lock in demand.

Italian paper mills that make everything from pizza boxes to furniture packaging have ground to a halt as the Russian war in Ukraine sent natural gas prices skyrocketing

Italian paper mills that make everything from pizza boxes to furniture packaging have ground to a halt as the Russian war in Ukraine sent natural gas prices skyrocketing.

In his words, Ukraine’s four nuclear power plants, as well as all hydroelectric power plants and cogeneration power stations on its territory, continue to function

Goyal said India has always been dependent on imports for its petrol, diesel and crude oil and natural gas needs.“I think some of our startups will now be looking at innovative ways of solving this problem and leading the cleantech revolution,” he said.

ASHGABAT, Turkmenistan (AP) — Turkmenistan citizens are voting Saturday in an election that could mark the beginning of a political dynasty for the gas-rich Central Asian nation''s sitting president. President Gurbanguly Berdymukhamedov, 64, announced the vote last month, setting stage for his 40-year old son Serdar to take over. Serdar Berdymukhamedov has risen through a series of increasingly prominent government posts and most recently has served as the country''s deputy prime minister, answering directly to his father. He is facing what appears to be token competition from eight other nominal contenders in Saturday''s vote, including a deputy regional governor and a lawmaker. “My main goal is to continue on the glorious path of development built during 30 years of independence and to successfully implement programs aimed to ensure a high level of social conditions for the people,” Serdar Berdymukhamedov said while presenting his platform in televised speech. No election in post-Soviet Turkmenistan has been considered genuinely competitive.

GEFIRA: Western Media "Are Either Delusional Or Lying Through Their Teeth" Via GEFIRA.org, Much Wants More And Loses All The collective post-West has been running amok for the last two weeks. The powers that be make believe that they did not expect that events would unfold the way they are unfolding now (though they did their best to make things happen as they are happening) and they make a show imposing sanctions on the aggressor and assuring the populace that the aggressor sooner or later will cave in. There is yet a third aspect to the phenomenon: the same powers that be want the people to forget that merely twenty years back they themselves assaulted Yugoslavia/Serbia, used missiles with depleted uranium, bombed cities and shot at civilians. Of course, that earlier event was a humanitarian action while the current one is a brutal act of aggression, but we digress. Now there is a big misconception on the part of the post-West about Russia. If the Western media claim the Russian people are against the war or that the Russian people are about to rebel and overthrow President Putin, then they are either delusional or lying through their teeth.

As his ruthless invasion continues, Vladimir Putin is trying to break Ukraine by demolishing its cities and brutalizing its people. Each day brings fresh horrors. A family killed while crossing a bridge to safety. Fathers and children touching hands and parting. A maternity hospital blasted into pieces in Mariupol, where roughly half a million people are under siege. The United States, the European Union and other countries, including Australia and Switzerland, have responded by imposing economic sanctions on Russia with a severity that has few parallels among nations not at war. On Friday the Biden administration added to those sanctions by announcing that the United States would join the European Union and other allies in moving to suspend permanent normal trade relations with Russia, which would put it in the company of Cuba and North Korea. Corporations are fleeing, too. McDonald’s first Moscow restaurant, opened in 1990, was a powerful symbol of Russia’s openness to the West. On Tuesday, McDonald’s temporarily closed all of its nearly 850 restaurants in the country.

With an eye on corporation elections in major cities, including Mumbai, amid rising fuel prices, the government also announced to reduce the Value Added Tax (VAT) on natural gas. Know details

Australia will soon prohibit the import of oil, natural gas, coal, refined petroleum products, and other energy products from Russia, the country’s Department of Foreign Affairs and Trade (DFAT) announced on March 11. The sanctioned products are specified in a document titled “Autonomous Sanctions (Import Sanctioned Goods—Russia) Designation 2022,” registered on the Federal Register of […]

PESHAWAR: The dwellers of the provincial capital are facing numerous problems due to Sui gas shortage but the authorities concerned are least bothered to mitigate their sufferings.The residents of Peshawar Cantonment complained they had been facing natural gas suspension for the last four days.The…

Weekly natural gas cash prices got some support as a late-winter freeze fueled demand, but an anticipated warm-up that is expected to quell heating needs