fuel prices

New Delhi, March 11 India's state-owned oil marketing companies – Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited – are facing pressure from rising global crude and gas prices, limited domestic fuel price pass-through, and...

New Delhi, March 11 State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing the impact of elevated global energy prices will lead to heightened margin and cash-flow volatility, Moody's Ratings said...

Washington, March 11 – American farm leaders warned US lawmakers on Tuesday that the conflict involving Iran could drive up global fertilizer and fuel prices, adding further pressure on farmers already struggling with rising costs and volatile markets.The warning came during a hearing of the...

Washington, March 10 – Oil prices remained near $90 a barrel on Tuesday as the conflict involving Iran sent shockwaves through global energy markets, raising fears of prolonged supply disruptions through the critical Strait of Hormuz and prompting US lawmakers to propose emergency measures to...

March 10, New Delhi – Egypt increased domestic fuel prices by up to 30 percent on Tuesday, citing "exceptional" global energy pressures caused by the West Asia war, which has disrupted oil supplies and shipping routes.The increases, announced by the petroleum ministry, apply to gasoline...

Patna, March 10 – A rumour about a potential domestic gas shortage caused panic in the Sugauli block of East Champaran district in Bihar on Tuesday, after claims spread that LPG supplies might be disrupted due to the ongoing tensions between Iran and Israel.As the rumour spread rapidly...

Bengaluru, March 10 – Former Karnataka Chief Minister and MP Basavaraj Bommai stated on Tuesday that the shortage of LPG in the country would be resolved soon, asserting that most of the problems would likely be addressed within a week.“There is no problem with petrol or diesel in the country...

Bengaluru, March 10 Karnataka Deputy Chief Minister D K Shivakumar said on Tuesday that the shortage of LPG refills has become a serious concern in the state, amid warnings from hotel owners that they may be forced to shut down operations if supplies do not improve soon.Speaking to reporters...

Bengaluru, March 10 – Karnataka Deputy Chief Minister and State Congress President, D.K. Shivakumar, said on Tuesday that issues such as the reported shortage of LPG cylinders and rising fuel prices must be discussed in Parliament, accusing the Union government of avoiding debate on matters...

Retail fuel prices in Sri Lanka have increased following a revision by the state-owned Ceylon Petroleum Corporation, which came into effect today.The new pricing structure has resulted in an increase of approximately 7-8% or at least 24 Rupees per liter across the board. The revision applies...

New Delhi, March 10 – Union Minister Giriraj Singh launched a sharp attack on Lok Sabha Leader of the Opposition (LoP) Rahul Gandhi on Tuesday, claiming that he lacks vision and comparing him to the last Mughal emperor while criticizing his conduct in Parliament.Addressing reporters, Singh...

Colombo, March 10 Sri Lanka has increased retail fuel prices by over 8 per cent, effective from midnight on Monday, in an effort to curb hoarding and panic buying amid rising global crude oil prices, officials said on Tuesday.This price revision comes as global crude oil prices have crossed...

March 09, New Delhi — Rising tensions in the Middle East are fueling a worsening energy crisis across global markets, with oil prices surging past $114 per barrel for the first time since 2022.The international benchmark Brent Crude and the main US oil contract, West Texas Intermediate, rose...

New Delhi, March 9 India could face an additional foreign currency outflow of USD 7-8 billion per month due to the surge in international energy prices, following the conflict in West Asia, raising concerns over inflation and the current account deficit, analysts said.While crude oil prices...

New Delhi, March 9 Leader of the Opposition Rahul Gandhi alleged on Monday that the government was preventing discussion on the West Asia situation in Parliament, fearing it would expose how Prime Minister Narendra Modi has been "blackmailed" and is "compromised".Gandhi also alleged that the...

New Delhi, March 9 – Lok Sabha Leader of the Opposition Rahul Gandhi said on Monday that the opposition believes the ongoing conflict in West Asia is a crucial issue that must be discussed in Parliament. He argued that the crisis could have serious economic consequences for India, including...

New Delhi, March 9 Opposition MPs, led by the Leader of the Opposition in the Lok Sabha, Rahul Gandhi, staged a protest in the Parliament complex on Monday, accusing Prime Minister Narendra Modi of maintaining "complete silence" on the ongoing Gulf conflict and its potential impact on India’s...

Washington, March 8 – US Energy Secretary Chris Wright said on Sunday that more than 100 million barrels of Russian crude are currently floating at sea, waiting to be delivered to China. He believes that redirecting this oil to other refineries could temporarily ease disruptions in the global...

Lahore, March 8 A man was killed and two others seriously injured after customers opened fire at a petrol pump in Punjab province, Pakistan, following a dispute triggered by panic buying of fuel due to fears of shortages caused by the US-Iran conflict, police said on Sunday.The incident...

Washington, March 8 – US President Donald Trump said he was not concerned about rising fuel prices despite the ongoing war with Iran, arguing that global oil markets have enough supply and that any price spike would be temporary.Speaking to reporters during a press briefing aboard Air Force...