oil prices

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    ATF Prices Double: Airlines Get Partial Relief Amid Global Surge

    New Delhi, April 1 – ATF or jet fuel prices more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, but state-owned oil companies passed on only a fraction of the increase to domestic airlines, adopting a calibrated approach to dealing with the war-linked surge in global oil...
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    Delhi Prices Hike: LPG, Fuel, and More See Increases

    New Delhi, April 1 The Congress launched a scathing attack on the government on Wednesday over the rising prices of certain essential commodities, alleging that the Modi government has "completely destroyed" the country's strategic and economic policies.Congress president Mallikarjun Kharge...
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    Oil Market Rally as Brent Climbs Above $105

    April 1, New Delhi: Oil prices edged up in early Wednesday trading, with Brent front-month futures extending a record rally from March, as volatility in the Middle East kept markets on edge, despite reports that the U.S. and Iran may be nearing a negotiated end to the conflict.Brent crude...
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    ATF Prices Surge to Record High, Domestic Airlines Get Partial Relief

    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...
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    Fuel Price Hike Impacts India's Aviation and Hospitality Sectors

    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, but domestic airlines will not have to pay this steep increase as a mechanism is being put in place to protect them.Meanwhile, the price of...
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    Rising Fuel Costs Impact Airlines and Businesses

    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, while commercial LPG rates were raised by Rs 195.50 per cylinder, mirroring the surge in global oil prices linked to the escalating conflict in West...
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    ATF Prices Surge Amid Global Oil Rise

    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...
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    Delhi LPG Prices Adjusted for Global Oil Market

    New Delhi, April 1 The price of commercial LPG was increased by ₹195.50 on Wednesday, due to the surge in global oil prices linked to the escalating conflict in West Asia.A 19-kg cylinder of commercial LPG now costs ₹2,078.50 in Delhi, according to state-owned oil companies.Rates were last...
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    Shifting US Strategy: Trump’s Comments on Hormuz Strait

    New York, March 31 As the Israel-United States campaign against Iran veered off course from its claimed aims and began hitting global economies, President Donald Trump told his allies on Tuesday, "The hard part is done. Go get your own oil," hinting he may be ready to wind down the war without a...
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    Iran Conflict Impacts Fuel Prices, Administration Steps In

    Washington, March 31 – The Trump administration acknowledged on Monday rising fuel costs linked to the ongoing conflict with Iran, but described them as “short-term fluctuations,” even as it defended its military campaign and broader strategy to stabilize global energy markets.Press Secretary...
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    Rupee Falls Below 95-Level Against Dollar

    Mumbai, March 30 The rupee trimmed its initial gains and hit a historic low of 95.22 in intra-day trading on Monday, as rising oil prices, ongoing geopolitical tensions, and a strong dollar continued to put pressure on the currency.The rupee, which opened on a strong note after the Reserve...
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    G7 Ministers Discuss Economic Impact of West Asia Conflict

    March 30, New Delhi – Ministers from the G7 will hold talks on Monday to examine the economic consequences of the war in West Asia.The supply squeeze has driven up the prices of oil and natural gas, leading to significant ripple effects across supply chains in multiple industries.French...
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    Stock Markets Decline Amid Middle East Tensions

    Mumbai, March 30 – The benchmark indices Sensex and Nifty experienced a sharp decline in early trading on Monday as the ongoing conflict in West Asia continued to rattle markets globally, driving up crude oil prices.Further, the continued outflow of foreign funds also contributed to the...
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    US Military Buildup Amid Iranian Oil Strategy

    Washington, March 30 – US President Donald Trump said that he wants to "seize Iranian oil" and could seize Kharg Island, the country's oil export hub.In an interview with the Financial Times, Trump said, "To be honest, my favorite thing is to seize Iranian oil," comparing the US move to...
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    Iran Warns of Retaliation Amid US Military Preparations

    Washington, March 30: Iran has warned that it will retaliate if the United States launches a ground invasion, even as President Donald Trump is considering a risky military operation to seize Iran's uranium, and regional powers are pushing for talks to contain the conflict, according to US media...
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    Market at Crucial Juncture: Bitcoin Faces Macro Uncertainty

    New Delhi, March 29 Bitcoin weakened to around USD 66,000 after a period of negative sentiment over the past few sessions, breaking below both its 200-day moving average and year-to-date average – levels closely watched by traders as indicators of market strength.The breach below these...
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    West Asia Conflict Impacts Indian Airlines: Ministry Explores Options

    New Delhi, March 29 The Ministry of Civil Aviation is exploring various options to minimize the impact of the West Asia conflict on airlines, including engaging with state governments to reduce taxes on jet fuel.The operational costs of Indian airlines are spiraling due to rising oil prices...
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    Anutin Announces Government Formation and Policy Plans

    March 28, New Delhi – Thailand's Prime Minister, Anutin Charnvirakul, announced that the country is expected to have a new government next week, with a complete list of cabinet members to be submitted for royal approval on Monday.Anutin stated that the new government will quickly present its...
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    State Steps Up Efforts to Prevent Hoarding as West Asia Situation Evolves

    Bhubaneswar, March 28 Odisha Chief Minister Mohan Charan Majhi on Saturday appealed to the people of the state to refrain from panic buying to ensure smooth functioning of the supply chain in the midst of the West Asia conflict.He also praised the Central government's decision to reduce excise...
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    India Maintains Stable Petrol, Diesel Prices Amid Global Surge

    New Delhi, March 27 Emphasizing that there was no shortage of LPG cylinders or fuel, Union Home Minister Amit Shah said on Friday that India has managed to maintain supplies and prices despite a spike in global oil prices due to geopolitical tensions.Urging people to trust the Narendra Modi...
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