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“The tea is 15 rupees,” said the tea stall vendor outside Noida Sector 16A metro station, apologetically handing over a cup of tea that had suddenly become more expensive.When asked why the price had increased, the vendor offered a brief explanation with tired eyes, the “cylinder has gone very costly.” Even the samosas and pakoras…
Representative image (AI-generated) Amid the ongoing Middle East crisis, Sri Lanka has declared every Wednesday a public holiday to conserve fuel as the island nation grapples with possible shortages following the US and Israel’s war with Iran.President Anura Kumara Dissanayake speaking at an emergency meeting with senior officials on Monday, said, “We must prepare for…
Top executives from some of America’s largest oil companies warned officials in US President Donald Trump’s administration that the energy crisis sparked by the war with Iran might worsen, according to a report by The Wall Street Journal. Citing people familiar with the matter, the report said that chief executives of Exxon, Chevron and ConocoPhillips…
SILCHAR: Prime Minister Narendra Modi on Saturday said the govt was making every effort to ensure Indian citizens face minimum impact of the West Asia conflict but the Congress party was creating panic within the country.“The BJP government is trying to ensure that the impact of the war-like situation remains minimal on the people of…
Aakash Chopra has weighed in on the role of Rohit Sharma at Mumbai Indians, stating that the veteran opener should remain involved for the entire duration of a match rather than being utilised only as an Impact Player in the Indian Premier League.Sharing his views, the former India opener said that if Rohit is fully…
The effects of this situation will vary across countries, with some economies facing greater strain while others could see limited gains. (AI image) The US-Israel-Iran war has lasted for over 10 days – and with no signs of either side relenting the global economy is feeling the ripple effects of conflict. The economic fallout from…
NEW DELHI: Fears of LPG shortage have begun spreading across the country as the escalating conflict in Middle East disrupts global energy supply chains. The closure of the Strait of Hormuz following Iranian retaliation against US–Israel strikes has triggered panic buying, long queues at LPG agencies and petrol pumps, and forced restaurants and small businesses…
Experts note that while the domestic buffers for oil are relatively strong, LPG and LNG supplies need a boost. (AI image) India imports around 90% of its crude oil needs, and approximately 60% and 50% of its LPG and LNG requirements respectively. These are not just mere statistics – it’s a telling picture of the…
As tensions in West Asia escalate, some cities are beginning to see disruptions in the supply of commercial LPG cylinders used by restaurants, hotels and food businesses. Industry bodies say the impact is already being felt in cities such as Bengaluru, Mumbai and Chennai, where eateries rely heavily on commercial cooking gas for daily operations….
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that the increase in oil prices is unlikely to result in a significant acceleration in inflation. “Given that India’s inflation is near the lower bound, the impact on inflation is not estimated to be substantial at this point,” the minister said in response to a question…
