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GLOBAL FUEL PRICES INCREASE
Why are oil prices down today? G7 countries' oil reserve release plan to push crude rates lowerOil prices fell today as G7 countries moved towards releasing up to 100 million barrels of diesel and crude reserves over four months. Bren...- UK average diesel pump price hits £2 per litre for first timeThe average price of a litre of diesel fuel in Britain has reached £2 for the first time. This increase is a result of ongoing global surge...
- Trump’s diesel squeeze may put Indian refiners in a sweet spot, and a bindA potential US diesel export ban could worsen an already tight global fuel market by removing about 1.2 million barrels a day of supply at ...
- Govt warns Nayara, RIL-BP against fuel sales caps amid diesel curb reportsOil secretary Neeraj Mittal stated that restricting fuel sales at pumps is unacceptable during a press conference. He emphasized that no co...
- Release diesel stocks or face ban: US to France & GermanyThe Trump administration has urged Germany and France to reduce their emergency diesel reserves to alleviate rising global fuel prices or r...
- India can emerge as key rice supplier as global production falls 9% and demand rises 14%: IREFIndia's rice production is expected to decrease, while global demand is projected to rise significantly. The country possesses sufficient s...
- New data points to a sharper divide in consumption trends in rural, urban IndiaIndian households in urban areas are showing a decline in quarterly expenditure while rural spending is increasing. A study indicates urban...
- Commercial LPG cylinder price hiked by Rs 62.50 in Delhi, ATF costlier by Rs 16 ahead of festive seasonFrom October 1, the price of a 19-kg commercial LPG cylinder in Delhi increased to Rs 2,810. This rise of Rs 62.50 marks a 2.3 percent incr...
- Mind the diesel retail-bulk gapHigh global diesel prices are impacting government-owned refiners who maintain frozen retail prices for domestic customers. Private refiner...
- Centre cuts windfall tax on diesel, ATF exports from October 1The Centre has decreased the windfall tax on diesel exports to ₹16 per litre and ATF exports to ₹10.5. This decision, effective from Octobe...
- India bonds end choppy quarter at over 2-year lows as rate hike bets mountIndian government bonds closed the quarter at their weakest levels in more than two years. Fluctuations in oil prices and rising global yie...
- Crude surged. Why didn’t India’s petrol prices?As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protectio...
- Cement prices rise Rs 7/bag in September; further Rs 5-20 hikes expected in October: ReportCement companies are considering a potential price hike of Rs 5-20 per bag in October. The success of this increase will hinge on demand re...
- Why is Trump administration looking to implement new lower fuel economy standards in US?New lower vehicle fuel economy standards are being set by the Trump administration. The move will reduce the technology costs of the automa...
- Your Thanksgiving and Christmas flight could still stay expensive long after jet fuel prices come downJet fuel prices have moved dramatically since the Iran war began. The Argus U.S. Jet Fuel Index climbed to $4.88 a gallon in early April. B...
- High airfares could stick around even if jet fuel prices fallUS airfares could remain elevated even if jet fuel prices fall, as airlines adjust schedules and ticket prices only gradually after sharp s...
- India to continue diesel exports despite possible US ban amid tightening global fuel marketIndia remains committed to its diesel export contracts, as stated by Oil Minister Hardeep Puri. The global diesel market faces challenges d...
- Costly Diwali: Appliance makers set to serve up another price shockLeading manufacturers such as LG, Samsung, and Daikin are raising prices of consumer appliances by 5-10%. This increase is attributed to ri...
- Skyrocketing diesel prices rattle Republicans as midterms approachDiesel fuel prices have reached record highs due to ongoing conflicts in the Middle East and related supply issues. Republican candidates a...
- Bangladesh raises fuel prices by up to 17% amid global oil price surgeBangladesh has raised fuel prices by up to seventeen percent. This move piles fresh pressure on consumers and businesses already struggling...
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