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Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economyIndia's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the I...- India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptionsIndia's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied pet...
- NH builders seek predefined input rates for projects under active bidsRoad builders are asking the government to set fixed rates for bitumen and fuel. This is for highway projects currently up for bidding. The...
- Construction costs up 25% since global conflicts began, developers flag material shortages: CREDAIConstruction costs have surged over 25 percent due to global conflicts. Supply chain issues, labor shortages, and rising material prices ar...
- Government assures 78 days of oil amid MPs' concernsConcerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and...
- Fuel price hike hitting common people, contractors stopping work due to rising bitumen costs: Himachal PWD ministerHimachal Pradesh Public Works Department Minister Vikramaditya Singh alleged that rising petrol and diesel prices are fueling inflation, im...
- Petrol, diesel prices hiked by Rs 3/litre: Here’s what top economists have to sayFuel prices in India saw their first increase in over four years on Friday. Petrol and diesel prices rose by approximately Rs 3 per litre. ...
- TotalEnergies refinery working full tilt to keep France fuelledFrance's largest refinery, TotalEnergies in Gonfreville-l'Orcher, is working at full capacity. It is boosting production of diesel and jet ...
- Govt reviews rural schemes, supply chain woes to protect beneficiaries from Iran war impactThe Rural Development Ministry is reviewing its key schemes in response to the West Asia conflict's potential impact on global supply chain...
- More relief steps may be on the way for highway contractors as West Asia war dragsThe road transport ministry is considering additional relief for highway contractors as West Asia tensions drive up input costs and disrupt...
- Will the coming earnings season(s) ring in more trouble for India Inc and investors?When a large, diversified group with exposure across autos, IT, hotels, retail, consumer, industrials, aviation, and infrastructure starts ...
- Payment norms for highway builders relaxedThe move is aimed at stabilising cash flows for developers grappling with higher input and logistics costs. Payments, typically released on...
- Road ministry to compensate for price hike and volatility in commodity prices to contractorsHighway contractors will now receive payments monthly. The government has shortened the price adjustment period to one month. This aims to ...
- West Asia crisis may push up realty construction costs by 5pc in near termThe escalating West Asia conflict is beginning to exert cost pressure on India's real estate sector, with material prices rising and indust...
- From roadside tea stalls to air travel, LPG and ATF price hikes impact 1.4 billion Indians: Mallikarjun KhargeCongress president Mallikarjun Kharge criticized the Modi government for allegedly wrecking economic policies and burdening citizens with g...
- NHBF seeks escalation support of 17-18% for National Highway projects to restore financial viabilityIn its submission to road transport and highways minister Nitin Gadkari, the National Highways Builders Federation said increase in input c...
- National Highway projects face cost overruns, delays as West Asia war disrupts suppliesIndia's National Highway projects are experiencing 5-8% cost increases and delays due to the West Asia war impacting input costs and supply...
- Word of the day: BitumenBitumen meaning: Bitumen, a sticky black substance, builds our modern world. Ancient civilizations used it for boats and buildings. Today, ...
- Nexxus Petro Industries share list with 20% premium on BSE SMENexxus Petro Industries' shares debuted positively on the BSE SME, opening at Rs 126, surpassing the upper price band expectations. Engaged...
- Crude price rise hits road building costsEver wondered whether the movement of crude oil prices on the world’s top bourses have a bearing on the roads you drive on?
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