The fuel, which in the US is extracted mainly from shale deposits in Texas and around Pennsylvania, accounts for nearly 25% of residential energy needs, making it a big driver in last year's worst bout of inflation in four...
Congress spokesperson Anshul Avijit said since June 2022, when the price of crude oil in international markets was USD 116 per barrel, there has been a 37 per cent decline in prices and said the benefit has not been passed...
In a surprise move, the government on July 1 slapped export duties on petrol and ATF (Rs 6 per litre or $12 per barrel) and diesel (Rs 13 a lire or $26 a barrel) and imposed a windfall tax on domestic crude production (Rs...
Sales were 31 per cent higher than COVID-marred first half of October 2020 and 33.4 per cent more than pre-pandemic October 1-15, 2019. Demand was 1.3 per cent higher than the first half of September 2022
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Inflation at that level would make it highly likely the Federal Reserve will implement another large interest rate increase at its next meeting in two weeks. Higher rates are intended to cool consumer and business spending...
Oil prices have started to rise with the announcement of OPEC+ countries to reduce oil production. Lower supply would result in higher prices, which would worsen situations in countries already reeling under inflation.
Congress leader Rahul Gandhi alleged that under the BJP’s rule, the prices of domestic LPG cylinders went up by 157 percent, fuel prices broke all records and the ‘Gabbar Tax loot’ and a ‘tsunami of unemployment’...
The move follows some petrol pumps operated by PSU firms in states like Madhya Pradesh, Rajasthan, Karnataka and Gujarat going out of stock following a sudden...
Underlining that the tea industry in Upper Assam is dependent on the gas supply by AGCL, "this abrupt increase of price" has put the sector in "jeopardy,"...
Sri Lanka on Tuesday raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country’s worst economic...
“Due to the continuous protests by the Congress against inflation across the country and the pressure of public awareness campaign against the inflation...
Despite a rapid rise in LPG cylinder prices, restauranteurs are unwilling to raise menu prices in a bid to retain customers and stave off competition
Citing rising inflation worries, ICRA said the consumer price index is expected to average at 6.3-6.5 per cent this fiscal.
The deadline for submission of the report expires this week, the source said, adding that the panel has to finalise its report soon.
The TRS working president accused the union government of 'selling' PSUs under its 'Becho India' scheme.
West Bengal Chief Minister Mamata Banerjee accused Centre of conducting a ‘great Indian loot’ by hiking the prices of petrol, diesel, LPG and other...
The price of domestic cooking gas was increased by Rs 50 per cylinder on Saturday.
In Delhi, the 19-kg commercial cylinder would now cost Rs 2,355.50 as compared with Rs 2,253 per cylinder, according to media reports.
Rahul Gandhi's remarks came after Modi flagged higher fuel prices in many opposition-ruled states and urged them to reduce VAT in "national interest" to...
As opposition leaders say Prime Minister Narendra Modi is 'passing the buck' on to states to reduce prices of petrol and diesel, BJP says the Opposition's...
"The PM is welcome to the state but he should address the problem of the people. Prices of essential commodities are skyrocketing," AAP leader Rumi Ullah said.
Congress hit back at PM Modi over his attack on the opposition-ruled states for not reducing VAT on petrol and diesel, saying the excise duty during UPA...
Retaliating to Opposition's attacks, BJP said their stance reeks of hypocrisy and alleged that for every litre of petrol, opposition-ruled states were earning...
The BJP said the TMC government in West Bengal should first answer why it was not reducing taxes on fuel.
