Heat oil in a medium saucepan. Over medium heat add rice and toast until just golden brown.
Carefully add in chicken broth, tomato sauce, garlic powder, and cumin.
Bring to a boil then reduce heat and cover. Allow to simmer for 25-35 minutes until liquid is absorbed. Remove from heat and fluff with a fork.
Mix in diced cilantro and lime juice. Fluff again then serve.
