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FUEL PRICES INCREASE
Expensive living? Inflation hits coriander to cars in IndiaConsumer goods companies are increasing prices and reducing pack sizes. Automobile manufacturers and tyre companies also announced signific...- Global Market: Japan core inflation accelerates in July, strengthening case for BOJ rate hikeJapan’s core inflation rose to 1.8% in July from 1.6% in June, in line with market expectations, strengthening bets that the Bank of Japan ...
- Congress demands review of E20 move, says 'anti-people' fuel policy unacceptable to countryCongress criticizes the Modi government's E20 fuel policy for increasing inflation. The policy allegedly causes higher prices for essential...
- US stocks: US market sinks as bond yields rise, Walmart results disappointThe S&P 500 consumer discretionary sector was one of the biggest drags on the benchmark index, with megacaps including Amazon and Tesla amo...
- Oil rises to 3-week high as Iran war impasse fuels Middle East supply concernsOil prices climbed to three-week highs as uncertainty over the Iran conflict and Strait of Hormuz disruptions raised supply concerns. Brent...
- Global Market: European shares flat as oil prices offset bond market reliefEuropean shares remained flat on Thursday as rising crude oil prices and inflation worries counteracted a recovery in global bond markets f...
- Tata Consumer likely to take 'calibrated' price hikes if cost woes persist; eyes double-digit FY27 growthTata Consumer Products anticipates sustained double-digit revenue growth through strong consumer demand. The company's fast-growing food an...
- The Iran war energy crisis is just getting startedThe Iran war has severely impacted global oil refining, causing diesel and gasoline prices to remain elevated. Refined product prices have ...
- RBI MPC puts Q3 rate hike in play if inflation risks show up bigIndian monetary policy makers may tighten rates in the third quarter if inflation risks materialize. Higher food and fuel prices could lead...
- Global Market: Eurozone bond rout loses steam, but rising oil prices keep investors waryOn Wednesday, yields on Eurozone government bonds saw a slight decline as the U.S. Treasury markets regained stability. However, high oil p...
- Govt brings incentive scheme to accelerate household piped gas connectionsA new government incentive scheme aims to accelerate piped natural gas connections. Eligible companies will receive cheaper gas for new hou...
- US to announce steps to help refiners produce more fuel, energy chief Wright saysUS Energy Secretary Chris Wright announced steps to increase refinery fuel output soon. High gasoline prices are a concern for President Do...
- New-age firms cushion Q1 raw material, diesel cost shock with price hikes, efficienciesNew-age consumer and logistics firms managed cost increases during the April-June quarter. Strong sales growth and selective price hikes he...
- Global Market: Euro zone bond yields hover near 15-year highs as Middle East war fuels inflation fearsEuro zone bond yields stayed near 15-year highs as Middle East conflict-driven energy inflation raised expectations for ECB rate hikes. Ger...
- The long boat to school gets longer as Iran war drives up the price of fuelSoaring fuel prices due to the Iran war are impacting global education access. Many children are forced to leave school and work to support...
- GST cuts shield Indian carmakers from commodity price shockGoods and services tax cuts offer carmakers a crucial buffer against rising commodity prices. Companies are employing various strategies to...
- Global energy, weather risks threaten further easing in wholesale inflation: EconomistsWholesale inflation is expected to stay high despite a slight decrease in July. Global energy prices and geopolitical uncertainty pose ongo...
- US retail sales unexpectedly fall in JulyJuly saw a surprising dip in US retail sales, reversing the trend of recent strong performances. The earlier surge in consumer spending, fu...
- US refiners ramp up buybacks as Iran war boosts fuel marginsUS refiners Marathon Petroleum, Phillips 66 and Valero Energy reported combined second-quarter profits of $12.6 billion, benefiting from su...
- Himachal imposes 60 paise/litre widow, orphan cess on petrol, dieselThe Himachal Pradesh government has imposed a new cess on fuel. This levy of sixty paise per litre applies to petrol and diesel. The Widow ...
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