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Petrol and diesel prices were increased again on Saturday, marking the third hike in less than 10 days as global crude oil prices continue to surge amid the ongoing West Asia conflict and disruptions around the Strait of Hormuz.Petrol prices were raised by up to 87 paise per litre, while diesel prices increased by as…
India has so far raised its petrol and diesel rates by around 4%, much less compared to the double digit hikes seen across major economies. (AI image) Petrol, diesel price hike: The rise of global crude oil prices to above $100 per barrel levels since the start of the US-Iran conflict has sent shockwaves across…
India may have enough fuel in its tanks for now but rising global crude prices combined with unchanged domestic rates are pointing towards a pressing question: How likely are petrol and diesel price hikes?The government has repeatedly assured citizens that there is no fuel shortage or rationing plan despite global energy market disruptions caused by…
The Middle East conflict is once again shaking global oil markets, and its impact is being felt far beyond the region. As tensions rise, crude prices are shooting up and so is the pressure in India. The government now faces a tough choice: protect consumers from higher fuel prices or help state-run oil companies struggling…
NEW DELHI: Leader of opposition in Lok Sabha Rahul Gandhi criticised Prime Minister Narendra Modi for comparing the current fuel crisis sitution to that of Covid-19 in his Parliamentary address on Monday. The Congress leader remarked that the PM has “forgotten what had happened then, how many people had died and what kind of tragedies…
