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India has imposed restrictions on bulk sales of diesel and petrol at retail outlets for up to 90 days to prevent diversion of subsidised fuel. The directive limits high-speed diesel purchases to 200 l…
The Indian government has extended financial support of Rs 1.23 lakh crore to Oil Marketing Companies to offset under-recoveries from the West Asia conflict, protecting consumers from fuel price hikes…
The government has reduced subsidised LPG refills under the Pradhan Mantri Ujjwala Yojana from nine to four per year to control rising subsidy costs. Oil marketing companies are incurring losses of ar…
Global crude oil prices surged over 4% after renewed strikes between Israel and Iran threatened a fragile ceasefire and raised fears of a prolonged Strait of Hormuz closure. Brent crude rose 4.47% to…
Domestic LPG prices increased by Rs 29 per cylinder from Sunday, sparking concerns among residents in Delhi and Guwahati. Housewife Jyotika Bora highlighted the strain on family budgets, including tui…
Domestic LPG prices have been increased by Rs 29 per cylinder, raising the price to Rs 942 in Delhi. This is the second hike in three months, following a Rs 60 increase in March after the West Asia co…
Domestic LPG cylinder prices have been increased by Rs 29, effective from June 7. The new price for a 14.2-kg cylinder in Delhi is Rs 942, up from Rs 913. This hike follows a previous Rs 60 increase i…
Retail petrol and diesel prices have surged by about Rs 7.5 per litre since May 15, with further hikes expected if crude remains elevated. Crisil estimates the direct impact on CPI inflation at 36-48…
The Reserve Bank of India is expected to keep policy rates unchanged in the upcoming MPC meeting, but its communication may turn more hawkish due to rising oil prices and a weaker rupee. HSBC economis…
The Reserve Bank of India's Monetary Policy Committee is expected to maintain a wait-and-watch stance in June, holding rates unchanged due to rising inflationary pressures and external volatility. Inf…
Islamabad markets and malls must now close by 8 pm as part of energy conservation measures following fuel price hikes. Essential services like pharmacies and hospitals are exempt from the restrictions…
Bihar Minister Ram Kripal Yadav defended the Rs 42 hike on commercial LPG cylinders as a "normal" step due to India's heavy reliance on petroleum imports. He cited that India imports over 60% of its p…
