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FUEL COST INCREASE
Diesel prices are hitting record highs at a bad time for many US farmersRecord diesel prices are squeezing US farmers as they harvest corn and soybeans, adding to higher fertiliser, seed and equipment costs. The...- White House weighs how to use Defense Production Act to expand US oil refining capacity, sources sayThe White House is exploring using the Defense Production Act to boost oil refining capacity. This consideration follows President Trump's ...
- US diesel prices soar past $6 a gallon, deepening strain for hauling everyday goodsIn the U.S., diesel prices have soared to unprecedented levels, surpassing six dollars a gallon. This spike is primarily caused by tensions...
- Russian central bank holds key rate steady ahead of electionIn a recent decision, Russia's central bank opted to hold the benchmark interest rate at fourteen percent. Economic challenges have intensi...
- Global Market | ECB may need further rate hikes if energy prices stay high: NagelECB policymaker Joachim Nagel said the central bank may need to raise interest rates further if elevated energy prices persist, potentially...
- US producer inflation tops expectations as diesel costs jumpUS wholesale inflation picked up more than expected in August, government data showed Thursday, driven by higher energy costs in the month ...
- ECB raises interest rates as Iran war fans inflation fearsThe European Central Bank has taken another bold action by raising interest rates for the second occasion within the year. This effort is d...
- US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climbWholesale inflation increased in August after cooling earlier this summer. Higher oil and gas prices, driven by Middle East conflict, are k...
- Fuel price shock exposes Pakistan's transport fare crisis as commuters bear bruntRawalpindi citizens face rising transportation costs after recent fuel price increases. Goods transporters have raised freight charges by a...
- Global Market: ECB seen raising rates as Iran war fuels inflation fearsThe European Central Bank is widely expected to raise interest rates to 2.50% on Thursday as soaring energy prices amid the Iran war fuel f...
- Global Market | BOJ may speed up rate hikes amid inflation, weak yen risks: MasuBOJ board member Kazuyuki Masu has signalled that the central bank may need to raise rates quickly if inflation accelerates, strengthening ...
- $100 crude shock: Oil cos lose Rs 5/litre on petrol, Rs 23 on diesel as pump prices stay frozenState-owned oil companies are facing negative marketing margins of Rs 5 per litre on petrol and Rs 23 on diesel as Brent crude crossed USD ...
- Government should adopt flexible approach to ethanol-blended petrol programme: ICRIER paperA research paper recommends flexibility in India's ethanol blending program targets. It suggests maintaining E20 as a long-term goal while ...
- India faces higher oil import costs as crude prices surge on West Asia supply risksInternational crude prices surged, impacting India's oil import bill and inflation. Escalating West Asia tensions raised concerns about glo...
- Alternative fuels overtake petrol in India’s car sales for first time as CNG, EVs and hybrids gain groundIn response to soaring fuel costs, consumers are now leaning towards alternative fuels like CNG, hybrids, and electric vehicles, resulting ...
- US diesel prices hit a record high, pushing up transportation costs for a long list of goodsDiesel prices soared to unprecedented levels in the United States on Friday, primarily due to the six-month conflict involving Iran. This r...
- US diesel prices hit a record high of $5.85 as Iran war disrupts the flow of fuelUS Iran war: Diesel fuel has reached an unprecedented average price of $5.85 per gallon. This surge is directly linked to the ongoing six-m...
- US Market: J.P. Morgan, BNP Paribas expect ECB rate hike in December as inflation risks persistJ.P. Morgan and BNP Paribas now expect the European Central Bank to deliver another 25-basis-point rate hike in December, reversing their e...
- Beyond the fuel bill: Why MSMEs and businesses need to rethink energy resilienceAs geopolitical uncertainty and energy price volatility reshape business priorities, Aditi Bhosale Walunj explains why companies, particula...
- Construction cost for housing projects increases by 34%Indian housing prices have risen significantly faster than construction expenses. This trend creates affordability issues for buyers and ma...
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