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India's M&HCV industry growth is expected to slow to low single digits in FY27 due to a high base and normalized demand. A potential US-Iran agreement could reduce crude and diesel price volatility, s…
Delhi Power Minister Ashish Sood clarified that the PPAC revision is a statutory mechanism necessitated by a 31% rise in global fuel costs due to the West Asia crisis. Despite this surge, the DERC all…
ICICI Bank Global Markets projects inflation at 5.0% in FY27, with core at 4.6%. The brokerage sees 50-75 bps rate hikes likely due to risks from the West Asia conflict and a below-normal monsoon. Foo…
Farmers' organisations in Tamil Nadu's delta region have urged the Centre to announce an interim increase in MSP for paddy and other crops, citing sharp rises in fuel and fertiliser costs. They argue…
India's passenger vehicle market saw a robust 25% year-on-year growth in May 2026, reaching nearly 4,40,000 units despite a sharp fuel price hike. Maruti Suzuki India achieved its highest-ever monthly…
Namibia plans a state-coordinated petroleum import system by September to lower fuel costs and improve supply chain efficiency. The reforms aim to reduce import costs by consolidating demand and elimi…
The Uttar Pradesh Power Corporation Limited has notified a 10% increase in electricity bills effective from June 2026, citing a fuel surcharge due to rising fuel prices. The hike, based on the Uttar P…
Finance Minister Nirmala Sitharaman clarified that recent petrol and diesel price hikes are driven by oil marketing companies (OMCs) due to global procurement costs, not government policy. She reveale…
The recent fuel price hike in Himachal Pradesh has sparked widespread concern among residents and tourism stakeholders. Taxi operators and travel agents fear adverse effects on tourism business amidst…
Uttar Pradesh Minister Om Prakash Rajbhar attributed the repeated fuel price hikes to global supply disruptions caused by the conflict between Iran and the United States. Petrol prices in Delhi crosse…
Petrol and diesel prices have increased for the fourth time in May across Rajasthan. In Jaipur, petrol now costs Rs 112.66 per litre, up Rs 2.82 from Rs 109.84. Other cities like Kota, Ajmer, and Sika…
BJP leader and actor R Sarathkumar stated that fuel price hikes are unavoidable due to global disruptions in crude oil shipping and rising prices. He emphasized that a ceasefire over several months co…
