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NEW DELHI: Air India on Wednesday announced the suspension and reduction of frequencies on 29 international routes between June and August 2026 amid the ongoing West Asia conflict, rising jet fuel prices and airspace restrictions across key regions.The airline said the temporary changes were aimed at improving operational stability and reducing last-minute inconvenience to passengers…
The ongoing conflict in West Asia has not yet had a major impact on India’s retail inflation, though future price trends will depend on fuel costs, crop coverage and global supply conditions, according to a report by State Bank of India.The report said the trajectory of inflation in the coming months would largely be shaped…
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 disruption in the Strait of Hormuz amid the Iran conflict has triggered a major disruption in the supply of bunker fuel for Asia, the heavy residual oil that powers most of the world’s cargo ships. It has raised concerns over higher freight costs, supply chain disruptions and rising consumer prices globally.Bunker fuel, a thick…
State-run oil marketing companies are facing a major hit to their finances, Union petroleum and natural gas minister Hardeep Singh Puri flagged on Tuesday. Puri said that oil marketing companies (OMCs) are collectively losing around Rs 1,000 crore every day as they continue to sell petrol, diesel and LPG below cost. He added that the…
Taylor Swift and Travis Kelce sparked fresh royal wedding speculation after attending Poppy Delevingne’s London birthday party alongside Princess Beatrice and Princess Eugenie. The appearance renewed interest in Swift’s growing connection to Britain’s royal circle, especially after Prince William attended her Eras Tour in 2024. While rumours continue about possible royal wedding guests, no official…
NEW DELHI: The central government is weighing emergency measures to bolster its foreign-exchange reserves amid the economic fallout from the US-Israel-Iran war, with officials considering steps such as raising fuel prices and restricting non-essential imports, including gold and electronic goods, Bloomberg reported citing people familiar with the matter.The report said that officials from the Prime…
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…
The government on Monday addressed concerns related to India’s energy supplies amid the tightening situation in the Strait of Hormuz and reiterated Prime Minister Narendra Modi’s appeal to all citizens to reduce their consumption of petrol and diesel. At an inter-ministerial meeting, Sujata Sharma, joint secretary for ministry of petroleum & natural gas, said, “I…
HYDERABAD/NEW DELHI Amid global energy supply disruption, PM Narendra Modi on Sunday urged people to use public transport and revive work from home to reduce dependence on petrol and diesel – which largely come from imported crude – and conserve foreign exchange by avoiding overseas weddings and vacations as well as unnecessary gold purchases.The suggestions,…
