Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | India faces formidable challenges on energy front: PM    </title>
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Spiralling international oil prices have put a strain on the country's import bill 

Stating that India faces &quot;formidable&quot; challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's..."/>
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Spiralling international oil prices have put a strain on the country's import bill 

Stating that India faces &quot;formidable&quot; challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's..." />
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                            <div align="justify">-PTI</div><div align="justify">&nbsp;</div><div align="justify"><em>Spiralling international oil prices have put a strain on the country's import bill <br /></em><br />Stating that India faces &quot;formidable&quot; challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's import bill and domestic prices need to be rationalised.<br /><br />&quot;With imports accounting for about 80% of our crude supplies, the spiralling prices of crude in the international market have put a severe strain on our import bill,&quot; he said formally opening a $4 billion refinery here.<br /><br />State-owned oil companies haven't raised diesel, domestic LPG and kerosene for almost a year despite cost of raw material rising by a quarter.<br /><br />&quot;We also need to rationalise prices and at the same time ensure that the poor and needy are shielded from the effects of such a rationalisation,&quot; he said.<br /><br />The government had in June 2010 freed petrol prices from its control but PSU oil companies haven't been able to raise prices because of political pressure. Petrol price of Rs 65.64 a litre in Delhi is about Rs 9 short of its cost.<br /><br />The government controls rates of diesel, domestic LPG and kerosene. Oil companies sell diesel at a discount of Rs 16.16 a litre, while they lose Rs 32.59 on sale of every litre of kerosene. A 14.2-kg domestic LPG cylinder costs Rs 570.50 less than its actual cost.<br /><br />&quot;In order to insulate the common man from the impact of rising oil prices, the Government shoulders a sizeable portion of the burden by pricing diesel, Kerosene and domestic LPG below their market prices,&quot; he said.<br /><br />Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum lost about Rs 138,800 crore in revenues on selling diesel, domestic LPG and kerosene below cost in 2011-12. This fiscal, the revenue loss is estimated at Rs 208,000 crore.<br /><br />&quot;The challenges we face on the energy front are formidable. We needs adequate supplies of energy at affordable prices. Domestic sources of crude oil and gas are inadequate to meet the growing demands of our rapidly expanding economy,&quot; Singh said.</div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/india-faces-formidable-challengesenergy-front-pm/163879/on" class="re" target="_blank">The Business Standard, 28 April, 2012, http://www.business-standard.com/india/news/india-faces-formidable-challengesenergy-front-pm/163879/on</a><div class="clear"></div>
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Spiralling international oil prices have put a strain on the country's import bill 

Stating that India faces &quot;formidable&quot; challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's..."/>
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Spiralling international oil prices have put a strain on the country's import bill 

Stating that India faces &quot;formidable&quot; challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's..." />
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                            <div align="justify">-PTI</div><div align="justify">&nbsp;</div><div align="justify"><em>Spiralling international oil prices have put a strain on the country's import bill <br /></em><br />Stating that India faces &quot;formidable&quot; challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's import bill and domestic prices need to be rationalised.<br /><br />&quot;With imports accounting for about 80% of our crude supplies, the spiralling prices of crude in the international market have put a severe strain on our import bill,&quot; he said formally opening a $4 billion refinery here.<br /><br />State-owned oil companies haven't raised diesel, domestic LPG and kerosene for almost a year despite cost of raw material rising by a quarter.<br /><br />&quot;We also need to rationalise prices and at the same time ensure that the poor and needy are shielded from the effects of such a rationalisation,&quot; he said.<br /><br />The government had in June 2010 freed petrol prices from its control but PSU oil companies haven't been able to raise prices because of political pressure. Petrol price of Rs 65.64 a litre in Delhi is about Rs 9 short of its cost.<br /><br />The government controls rates of diesel, domestic LPG and kerosene. Oil companies sell diesel at a discount of Rs 16.16 a litre, while they lose Rs 32.59 on sale of every litre of kerosene. A 14.2-kg domestic LPG cylinder costs Rs 570.50 less than its actual cost.<br /><br />&quot;In order to insulate the common man from the impact of rising oil prices, the Government shoulders a sizeable portion of the burden by pricing diesel, Kerosene and domestic LPG below their market prices,&quot; he said.<br /><br />Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum lost about Rs 138,800 crore in revenues on selling diesel, domestic LPG and kerosene below cost in 2011-12. This fiscal, the revenue loss is estimated at Rs 208,000 crore.<br /><br />&quot;The challenges we face on the energy front are formidable. We needs adequate supplies of energy at affordable prices. Domestic sources of crude oil and gas are inadequate to meet the growing demands of our rapidly expanding economy,&quot; Singh said.</div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/india-faces-formidable-challengesenergy-front-pm/163879/on" class="re" target="_blank">The Business Standard, 28 April, 2012, http://www.business-standard.com/india/news/india-faces-formidable-challengesenergy-front-pm/163879/on</a><div class="clear"></div>
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Spiralling international oil prices have put a strain on the country's import bill 

Stating that India faces &quot;formidable&quot; challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's..."/>
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    <h1 class="cat-box-title">India faces formidable challenges on energy front: PM</h1>
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		 Published on</span><span class="text-date"> Apr 28, 2012</span>
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                            <div align="justify">-PTI</div><div align="justify">&nbsp;</div><div align="justify"><em>Spiralling international oil prices have put a strain on the country's import bill <br /></em><br />Stating that India faces &quot;formidable&quot; challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's import bill and domestic prices need to be rationalised.<br /><br />&quot;With imports accounting for about 80% of our crude supplies, the spiralling prices of crude in the international market have put a severe strain on our import bill,&quot; he said formally opening a $4 billion refinery here.<br /><br />State-owned oil companies haven't raised diesel, domestic LPG and kerosene for almost a year despite cost of raw material rising by a quarter.<br /><br />&quot;We also need to rationalise prices and at the same time ensure that the poor and needy are shielded from the effects of such a rationalisation,&quot; he said.<br /><br />The government had in June 2010 freed petrol prices from its control but PSU oil companies haven't been able to raise prices because of political pressure. Petrol price of Rs 65.64 a litre in Delhi is about Rs 9 short of its cost.<br /><br />The government controls rates of diesel, domestic LPG and kerosene. Oil companies sell diesel at a discount of Rs 16.16 a litre, while they lose Rs 32.59 on sale of every litre of kerosene. A 14.2-kg domestic LPG cylinder costs Rs 570.50 less than its actual cost.<br /><br />&quot;In order to insulate the common man from the impact of rising oil prices, the Government shoulders a sizeable portion of the burden by pricing diesel, Kerosene and domestic LPG below their market prices,&quot; he said.<br /><br />Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum lost about Rs 138,800 crore in revenues on selling diesel, domestic LPG and kerosene below cost in 2011-12. This fiscal, the revenue loss is estimated at Rs 208,000 crore.<br /><br />&quot;The challenges we face on the energy front are formidable. We needs adequate supplies of energy at affordable prices. Domestic sources of crude oil and gas are inadequate to meet the growing demands of our rapidly expanding economy,&quot; Singh said.</div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/india-faces-formidable-challengesenergy-front-pm/163879/on" class="re" target="_blank">The Business Standard, 28 April, 2012, http://www.business-standard.com/india/news/india-faces-formidable-challengesenergy-front-pm/163879/on</a><div class="clear"></div>
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India faces formidable challenges on energy front: PM

Published on Apr 28, 2012   Modified on Apr 28, 2012

-PTI   Spiralling international oil prices have put a strain on the country's import bill Stating that India faces "formidable" challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's import bill and domestic prices need to be rationalised. "With imports accounting for about 80% of our crude supplies, the spiralling prices of crude in the international market have put a severe strain on our import bill," he said formally opening a $4 billion refinery here. State-owned oil companies haven't raised diesel, domestic LPG and kerosene for almost a year despite cost of raw material rising by a quarter. "We also need to rationalise prices and at the same time ensure that the poor and needy are shielded from the effects of such a rationalisation," he said. The government had in June 2010 freed petrol prices from its control but PSU oil companies haven't been able to raise prices because of political pressure. Petrol price of Rs 65.64 a litre in Delhi is about Rs 9 short of its cost. The government controls rates of diesel, domestic LPG and kerosene. Oil companies sell diesel at a discount of Rs 16.16 a litre, while they lose Rs 32.59 on sale of every litre of kerosene. A 14.2-kg domestic LPG cylinder costs Rs 570.50 less than its actual cost. "In order to insulate the common man from the impact of rising oil prices, the Government shoulders a sizeable portion of the burden by pricing diesel, Kerosene and domestic LPG below their market prices," he said. Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum lost about Rs 138,800 crore in revenues on selling diesel, domestic LPG and kerosene below cost in 2011-12. This fiscal, the revenue loss is estimated at Rs 208,000 crore. "The challenges we face on the energy front are formidable. We needs adequate supplies of energy at affordable prices. Domestic sources of crude oil and gas are inadequate to meet the growing demands of our rapidly expanding economy," Singh said.

The Business Standard, 28 April, 2012, http://www.business-standard.com/india/news/india-faces-formidable-challengesenergy-front-pm/163879/on

Tagged with: Energy Inflation

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