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Reserve Bank Governor Sanjay Malhotra has said the government may eventually have to raise petrol and diesel prices if the ongoing Middle East crisis continues for a prolonged period, PTI reported on Wednesday.Speaking at a conference in Switzerland on Tuesday, Malhotra said the disruption in oil and gas supplies due to the conflict and blockade…
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 ‘Fast & Furious’ franchise is now gearing up to take over the small screens with all-new TV shows after ruling the theatre screens for over a decade.Leading man and producer, Vin Diesel on Monday, confirmed that four live-action television series set in the high-octane universe are currently in development at NBCUniversal. The announcement was…
India has sufficient fuel inventories and there is no plan to ration petrol, diesel or LPG supplies despite continuing disruptions in global energy markets, Oil Secretary Neeraj Mittal said on Monday, PTI reported.Addressing the CII Annual Business Summit, Mittal said the country has maintained adequate fuel and LPG stocks during the ongoing West Asia crisis…
NEW DELHI: Prime Minister Narendra Modi on Sunday urged people to use petrol, diesel and gas “with great restraint”, saying reducing dependence on imported fuel would help India limit the impact of the ongoing war.Addressing a gathering in Hyderabad after virtually inaugurating and laying the foundation stone for projects worth around Rs 9,400 crore in…
NEW DELHI: Petrol and diesel prices remained unchanged across major cities in India on Thursday, even as global crude oil prices continued to rise amid geopolitical uncertainty in West Asia.Government sources, however, have not ruled out a possible fuel price hike in the near future as oil marketing companies continue to face mounting losses due…
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: An increase in petrol and diesel prices in the near future is not ruled out, government sources said on Friday, as losses mount from a four-year-old freeze in retail rates despite the sharp rise in global crude oil prices. International crude oil prices this week climbed to a four-year high of USD 126…
Petrol and diesel prices stayed steady across major Indian cities on Friday, even as global crude oil prices witnessed a sharp surge, indicating no immediate impact on domestic fuel rates.The Indian Oil Corporation (IOC) released a statement and said that there has been no revision in retail fuel prices, ensuring stability for consumers.The Centre on…
The windfall tax was introduced to ensure that adequate domestic supplies of petroleum products remain available. (AI image) The windfall tax on exports of diesel and aviation turbine fuel (ATF) has been lowered effective May 1, 2026. The excise duty on petrol and diesel sold in the domestic market will remain unchanged. The levy on…
