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FUEL PRICES 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...
- Global Market: Barclays expects ECB to raise rates again in December as inflation risks persistBarclays expects the European Central Bank to raise interest rates by another 25 basis points in December as persistent inflation and highe...
- 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...
- 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...
- India looks to boost biofuel use amid rising crude supply risksIndia seeks to boost biofuel use for energy security. Crude supply disruptions and rising oil prices drive this strategic shift. The nation...
- Govt backing flex-fuel vehicles to boost ethanol blending, says advisor to PM Tarun KapoorThe government is supporting flexi-fuel vehicles to boost ethanol blending in petrol. This initiative aims to reduce crude oil imports and ...
- $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 ...
- India August consumer inflation likely hit 20-month high on food, fuel prices: Reuters pollIndia faces an anticipated spike in consumer inflation, predicting a high not seen in 20 months this August. Rising food and fuel prices ar...
- 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...
- India's shift to biofuels will lead to energy security, says top PM advisorIndia is accelerating its shift to alternative fuels, with biofuels such as ethanol, methanol and butanol expected to play a key role in en...
- Five-year fuel contract with Mauritius: IndianOil turns 25-year presence into strategic footholdIndia has signed a five-year fuel supply agreement with Mauritius under which IndianOil will meet the island’s entire import requirement of...
- 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 ...
- Iran's government to raises price of petrol as US applies economic pressureIran will raise gasoline prices for users exceeding 110 liters monthly starting Tuesday. The price for the third quota will increase to 100...
- 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...
- 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...
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