Tag
Petrol crossed ₹102 per litre in Delhi after oil marketing companies raised fuel prices for the fourth time in ten days. The rapid increases are compounding costs for commuters and businesses while adding to inflation pressure across the economy.
PM Modi has called on Indians to cut petrol use amid Middle East conflict, framing it as a civic duty and comparing the needed discipline to Covid-era behavior. India imports about 85% of its crude oil, so sustained Middle East tensions could push up fuel costs and widen the trade deficit.
PM Modi, at a Telangana BJP rally, urged citizens to save foreign exchange to help India manage the economic impact of the ongoing war. He cited sharp rises in petrol and fertilizer prices as the key pressure points hitting household and farm costs.
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
Tag
Petrol crossed ₹102 per litre in Delhi after oil marketing companies raised fuel prices for the fourth time in ten days. The rapid increases are compounding costs for commuters and businesses while adding to inflation pressure across the economy.
1mo ago · 3 min · Economy
PM Modi has called on Indians to cut petrol use amid Middle East conflict, framing it as a civic duty and comparing the needed discipline to Covid-era behavior. India imports about 85% of its crude oil, so sustained Middle East tensions could push up fuel costs and widen the trade deficit.
1mo ago · 2 min · Policy & Government
PM Modi, at a Telangana BJP rally, urged citizens to save foreign exchange to help India manage the economic impact of the ongoing war. He cited sharp rises in petrol and fertilizer prices as the key pressure points hitting household and farm costs.
1mo ago · 2 min · Policy & Government
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
2mo ago · 1 min · Economy
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