energy prices

The Reserve Bank of India has maintained interest rates at 5.25 percent. Announcing the first bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra stated that the Monetary Policy Committee has unanimously decided to keep the repo rate at 5.25 percent with a neutral...

Mumbai, April 8 The Reserve Bank projected retail inflation for the current fiscal year at 4.6 per cent, well within the government-mandated inflation target range of 4 per cent with a tolerance band of +/- 2 per cent.Before the outbreak of the West Asia conflict, India's macroeconomic...

Mumbai, Apr 1 US tariff orders are likely to moderate India Inc's credit profiles in the second half of FY26, and the West Asia conflict, especially its duration, will play a crucial role in determining how it pans out in the future, rating agencies said on Wednesday.Crisil Ratings, which...

New Delhi, Apr 1 Aviation stocks saw strong demand on Wednesday morning, with InterGlobe Aviation rising by over 9 per cent, despite a hike in jet fuel prices.InterGlobe Aviation, the parent company of IndiGo, further jumped 9.41 per cent to Rs 4,315 on the BSE.The stock of SpiceJet surged...

New Delhi, April 1 The price of Aviation Turbine Fuel (ATF), or jet fuel, more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, mirroring the surge in global oil prices last month, but for domestic airlines, the increase would only be 8.5 per cent.Domestic airlines will pay...

New Delhi, April 1 The price of aviation turbine fuel (ATF), or jet fuel, more than doubled to a record high of Rs 2.07 lakh per kilolitre on Wednesday, driven by the surge in global oil prices linked to the escalating conflict in West Asia.This is the first time ATF prices have exceeded the...

Washington, March 31 – US President Donald Trump "would be quite interested" in asking Arab countries to help pay for the costs related to the ongoing US-Israeli war against Iran, White House Press Secretary Karoline Leavitt said."I won't preempt him (Trump) on that," Leavitt said at a White...

New Delhi, March 30 ICRA said on Monday that it estimates India's GDP growth to moderate to 6.5 per cent in 2026-27, from 7.6 per cent in the current fiscal year, due to the adverse impact of high energy prices and concerns about energy availability amid the West Asia conflict.The growth...

March 27, New Delhi: India's Minister of Parliamentary Affairs and Minority Affairs, Kiren Rijiju, has praised Prime Minister Narendra Modi for a decision aimed at reducing the financial burden on citizens. Emphasizing the government's focus on public welfare, Rijiju stated that the move...

March 27, New Delhi - The Indian government reduced the additional excise duty on both petrol and diesel in response to growing concerns about a nationwide rise in fuel prices due to the ongoing crisis in the Middle East.According to a government order, the additional excise duty on petrol was...

New Delhi, March 26 A surge in global crude oil and natural gas prices amid the West Asia conflict is likely to complicate India's fiscal position in FY2027, potentially increasing subsidy burdens and putting pressure on revenues, ratings agency ICRA said.Crude prices have more than doubled...

New Delhi, March 26 Nayara Energy, India's largest private fuel retailer, on Thursday raised petrol prices by ₹5 per litre and diesel by ₹3 a litre, passing on a portion of the recent surge in global oil prices following the war in the Middle East, sources said.Indian fuel marketing companies...

New Delhi, March 26 The Organisation for Economic Cooperation and Development (OECD) projected India's GDP to grow at 7.6 per cent in the current fiscal and 6.1 per cent in 2026-27.In its interim Economic Outlook report, the OECD said that the evolving conflict in the Middle East has "human...

Los Angeles, March 25 Diesel prices in the US state of California have reached a record high, according to the latest data from the American Automobile Association (AAA).The average price of diesel in California reached $7.018 per gallon on Tuesday, the highest level recorded in AAA's...

New Delhi, March 25 S&P Global Ratings on Wednesday raised India's GDP growth forecast for the next fiscal to 7.1 per cent, with private consumption, investment, and exports being key drivers, but said that the conflict in the Middle East could strain the fiscal position due to higher energy...

Washington, March 25 – Oil markets experienced sharp swings as investors weighed the fears of a prolonged conflict in the Middle East against signs of possible diplomatic progress, with prices briefly topping $100 before retreating.Wall Street struggled for direction. Crude oil prices rose...

Kuala Lumpur, March 24. Economists have revised their forecast for the ASEAN-6's gross domestic product (GDP) growth to 4.5 per cent in 2026, down from 4.8 per cent, and to 4.7 per cent in 2027, also down from 4.8 per cent, due to the impact of the conflict in West Asia.The ASEAN-6 countries...

Melbourne, March 24 – As Australia sits at the far end of the regional fuel supply chain, it may face a "fuel supply crunch" in the coming weeks, according to local media reports, citing the conflict in the Middle East that has driven up international energy prices and exposed Australia's heavy...

March 23, New Delhi: Markets across Asia plunged on Monday following trade threats between the US and Iran.Stock markets in Australia and New Zealand were down 1.7% and 1.1%, respectively, in early trading. Japan's Nikkei fell 3.5% to 51,514.78, while the broader Topix dropped 2.86% to...

March 21, New Delhi – The Trump administration has temporarily lifted sanctions on Iran's oil exports for products already loaded onto vessels and stranded at sea since March 20th.This limited, short-term authorization issued by the Treasury Department via a general license is in effect until...