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.