fuel prices

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    Sri Lanka Raises Fuel Prices as Conflict Escalates

    Colombo, March 22 The Sri Lankan government on Sunday raised fuel prices by around 25 per cent, the second such increase in a week amid the West Asia conflict.This move comes in the backdrop of the joint US-Israel strikes against Iran and the retaliation by the Islamic nation that has spread...
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    Bus Strike Looms as Sri Lanka Grapples with Rising Fuel Costs

    Colombo, March 22 Non-state bus operators in Sri Lanka warned on Sunday that 90% of their fleet may be out of service due to the extensive increase in fuel prices, which came into effect at midnight.The island nation raised fuel retail prices at midnight, the second such increase in a week...
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    Crude Oil Shipment from Russia Reaches Karnataka

    Another ship, the Aqua Titan, carrying crude oil from Russia, has arrived in Mangaluru, Karnataka. The United States has authorized the sale of stranded Russian crude oil to stabilize global fuel prices. Another ship, the Pikesis Pioneer, carrying LPG from the United States, has also arrived at...
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    Middle East Conflict Impacts Air India's Operations and Finances

    Mumbai/New Delhi, March 22 The Air India Group has been significantly impacted by the Middle East conflict, and the financial impact is "still unfolding," according to Air India CEO Campbell Wilson, who has also emphasized the need for stricter control over unnecessary expenses.Loss-making Air...
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    Sri Lanka Faces Continued Fuel Price Increases and Service Disruptions

    Colombo, March 22 – Sri Lanka's state-owned Ceylon Petroleum Corporation announced a revision of fuel prices.All fuel products, including auto diesel, petrol, and kerosene, saw price increases ranging from 60 rupees (0.19 US dollars) to 90 rupees per litre, effective from midnight on Saturday...
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    Fuel Prices Hike as Sri Lanka Faces Economic Challenges

    Colombo, March 22 The Sri Lankan government on Sunday urged the public to use fuel and electricity sparingly in the face of potential shortages, amid volatile global oil markets.This came as the island nation raised fuel retail prices at midnight, the second such increase in a week.As a...
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    Centre Backs Gujarat's Plea to Rollback Diesel Price Hike

    Gandhinagar, March 22 The latest increase in bulk diesel prices has been withdrawn for fishermen in Gujarat after the state approached the Centre, Fisheries Minister Jitu Vaghani said.The price of premium or higher-grade petrol was increased on Friday by Rs 2 per litre, while the rate of bulk...
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    State Appeals to Centre for Relief, Diesel Price Change Reversed

    Gandhinagar, March 21 The recent increase in bulk diesel prices has been withdrawn for Gujarat's fishermen after the state approached the Centre, Fisheries Minister Jitu Vaghani said on Saturday.The Gujarat government had urged the Centre to provide relief to the fisheries sector by...
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    Minister: Fuel Price Surge Not Leading to Fare Increases

    Bengaluru, March 21 Karnataka Transport Minister Ramalinga Reddy said on Saturday that there would be no immediate increase in bus ticket fares, despite the recent surge in petrol and diesel prices, attributing the rise in fuel costs to global factors.He said that the state government would...
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    Gandhi Criticizes Modi Govt's Economic Approach

    New Delhi, March 21 Congress leader Rahul Gandhi accused the Modi government on Saturday of lacking both direction and strategy necessary to manage the current economic situation facing the nation.Gandhi also expressed concern that the government will raise the prices of petrol, diesel, and...
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    Kerala CM Criticizes Central Policies Over Fuel Crisis

    Thiruvananthapuram, March 21 – Kerala Chief Minister Pinarayi Vijayan launched a scathing attack on successive central governments led by the Congress and the BJP on Saturday, holding their policy decisions responsible for the country’s worsening energy crisis.In a strongly worded statement...
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    Energy Crisis: CM Calls for National Energy Policy Shift

    Thiruvananthapuram, March 21 Kerala Chief Minister Pinarayi Vijayan on Saturday alleged that policies pursued by successive central governments, led by the Congress and the BJP, allegedly under US influence, had contributed to the current energy crisis in the country.In a statement, Vijayan...
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    Core Sector Growth Slows to 3-Month Low

    New Delhi, March 20 Production growth in eight core infrastructure sectors slowed to a three-month low of 2.3 per cent in February due to a contraction in the output of crude oil, natural gas, and refinery products.According to government data, these eight sectors expanded by 3.4 per cent in...
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    Airlines Grapple with New Challenges Amid West Asia Conflict

    New Delhi, March 20 From sudden airspace restrictions to soaring fuel prices and high insurance premiums, airlines are grappling with increasing complexities in their operations in West Asia, which are already curtailed amid the escalating conflict in the region.Airline officials and crew...
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    Premium Petrol Increase in Rajasthan: Limited Impact on Overall Sales

    Jaipur, March 20 Amid volatility in global crude oil markets and rising geopolitical tensions in the Gulf region, Oil Marketing Companies (OMCs) have increased the prices of premium petrol (branded fuel). In Rajasthan, the increase, ranging between Rs 2 and Rs 2.3 per litre, has been announced...
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    Market Recovery: IT and PSU Banks Drive Sensex Upward

    Mumbai, March 20 Benchmark stock indices Sensex and Nifty gave up most of their intra-day gains to end nearly half a per cent higher on Friday, following intense buying in PSU bank, IT, and metal stocks amid concerns over further spikes in fuel-driven inflation.In another volatile session, the...
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    India's Markets Stabilize After Volatile Week

    Mumbai, March 20 The benchmark indices Sensex and Nifty recovered much of their intraday gains to end nearly 0.5 per cent higher on Friday, following intense buying in public sector banks, IT, and metal stocks amid concerns over further spikes in fuel-driven inflation.In another volatile...
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    Jeffries: Trump's Policies Fuel Iran War Costs

    Washington, March 17 – House Minority Leader Hakeem Jeffries launched a sharp attack on President Donald Trump and Republicans, accusing them of pushing policies that have raised costs for Americans while drawing the United States into a “reckless war of choice” against Iran.“This is a very...
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    IEA Releases 400 Million Barrels to Ease Oil Market Volatility

    March 16, New Delhi – The International Energy Agency (IEA) has announced the largest coordinated release of strategic oil reserves to stabilize global markets.Approximately 400 million barrels will be released, with supplies in Asia and Oceania starting immediately, and in Europe and the...
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    Sri Lanka Reduces Work Week to Address Global Supply Issues

    Colombo, March 16 Sri Lanka announced a four-day work week, with Wednesday designated as a public holiday, as a precautionary measure in response to potential fuel shortages due to the conflict in the Middle East.Currently, the island nation operates on a five-day work week."It was decided...
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