Oil prices cannot stay this high for long, says Oil Minister Hardeep Singh Puri
While fuel prices remain elevated for now, Puri's comments suggest that policymakers expect the pressure to ease over time.
Diesel is the backbone of India’s transport and logistics economy, powering trucks, buses, tractors, generators and large sections of commercial transport. Because diesel is heavily linked to freight movement, agriculture and industry, any price change can quickly ripple through the broader economy. Diesel prices in India depend on global crude oil prices, refining costs, currency movements, taxes imposed by the Centre and states, dealer commissions and oil marketing company pricing decisions. Major retailers include Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited. Since state taxes differ, diesel prices vary across regions. Diesel rates are especially sensitive because they influence transport costs, food prices and inflation trends. Governments and economists closely monitor diesel pricing during periods of rising crude oil prices. Over time, diesel demand is also changing as cleaner technologies, electric mobility and alternative fuels slowly reshape India’s energy mix.
While fuel prices remain elevated for now, Puri's comments suggest that policymakers expect the pressure to ease over time.
Cooking gas has become more expensive again, but the government says consumers are still paying hundreds of rupees less than the actual cost. Why are oil companies absorbing massive losses, and what role has the West Asia conflict played?
As transportation costs increase across the supply chain, businesses eventually pass those higher expenses on to consumers. The result is ‘invisible inflation’ – a force that pushes up the cost of almost everything but is rarely talked about on its own.
The government is evaluating diesel blended with up to 15 per cent isobutanol, a move that could reduce oil imports. But, will it impact performance and efficiency? Let's find out.
India is launching its first indigenous hydrogen fuel cell train on the Jind to Sonipat route. This article explains the science behind the technology and why it matters for Indian Railways.
As flex-fuel vehicles capable of running on E85 fuel begin entering the Indian market, the government is now evaluating isobutanol-blended diesel, with up to 15 percent blending under consideration.
Mercedes-Benz has updated the diesel G-Wagon with the new G450d. The changes focus on more refinement, comfort and capability without altering the SUV's core character.
Toyota has updated the Innova Crysta in India with subtle design changes, new convenience features, and the same reliable diesel engine, with prices starting at Rs 19.72 lakh (ex-showroom).
Electric passenger vehicle sales jumped nearly 50% year-on-year in May, outpacing petrol and diesel vehicles.
The government has cut export duties on petrol, diesel and aviation turbine fuel for the fortnight from June 1. The move follows its price-linked review mechanism, while domestic fuel excise and retail rates remain unchanged.
The CAQM revoked GRAP-1 curbs in Delhi-NCR after air quality improved on Friday. The move removes limits on tandoor fuels and diesel generator use as AQI is expected to stay moderate.
Punjab Chief Minister Bhagwant Mann took a swipe at Congress leader Amrinder Raja Warring after he arrived at a polling booth in Muktsar on a bullock cart. Warring said the ride was a protest against rising fuel prices, turning the exchange into a wider political clash ahead of the Assembly election.
JSW MG Motor India has launched the all-new MG Majestor in India at Rs 40.99 lakh, bringing premium features, advanced off-road capability, Level 2 ADAS and a twin-turbo diesel engine.
Since the Gulf crisis began, refiners have been buying smaller volumes at sharply higher cost. After months of absorbing losses, they began passing them on.
This is the third CNG price hike in the last nine days and the fourth increase within 11 days. Earlier, CNG prices were raised by Re 1 per kg on Sunday.
For many Indians, a quick drive, weekend outing or casual trip may no longer feel as easy on the pocket as before. As fuel costs continue to rise, households across the country appear to be rethinking how often they step out, but what exactly is driving this change?
JSW MG Motor India has begun production of the Majestor SUV in India, ahead of its upcoming launch. Set to replace the Gloster, the Majestor combines premium luxury, advanced technology and serious off-road capability.
Global crude oil prices have slipped below $100 a barrel, but petrol and diesel prices in India continue to rise. The gap reflects earlier oil company losses, a weaker rupee, heavy taxes and lingering geopolitical risks.
As fuel prices surged across several countries during the global oil crisis, India saw relatively smaller increases in petrol and diesel rates. So, what helped keep prices in check despite rising crude oil costs? Let's have a look.
The repeated hikes in petrol and diesel prices come as India faces mounting pressure from elevated global crude oil prices linked to the ongoing West Asia conflict and disruptions around the Strait of Hormuz, one of the world’s most important oil shipping routes.
This edition of News Today examines the fourth fuel price hike in two weeks amid the West Asia crisis.
Karnataka Chief Minister Siddaramaiah and his Deputy DK Shivakumar will be travelling to the national capital following a summons from the Congress high command amid buzz over a Cabinet reshuffle and leadership change in the state.
The big focus of this episode of 5 Live is on the central government's eviction notice issued to the Delhi Gymkhana Club, asking it to vacate the 27.3-acre Lutyens premises by June 5.
Let's be honest, the hikes are inevitable given the surge in global crude prices. But two nagging questions remain. Are fuel prices being dictated by market conditions or by election calendars? And secondly, why was the benefit of low global crude prices never passed on to us, the middle class consumers of this country?
The big talking point of this episode of News Today is the fuel prices hike. Another fuel jolt for the common man as petrol and diesel prices were once again hiked across the country.
Petrol and diesel prices were hiked by about 90 paise per litre on Tuesday, marking the second increase in fuel rates within a week.
The big talking point of this episode of To The Point is the Twisha Sharma death mystery.
The Supreme Court has issued a verdict permitting the euthanasia of rabid and dangerous stray dogs in specific legal cases, prioritising public safety amid rising rabies deaths.
Iran has submitted a fourteen-point peace proposal to the United States via back-channel negotiations, seeking a permanent cessation of hostilities, the lifting of economic sanctions, and the reopening of the Strait of Hormuz.
The escalating West Asia conflict has driven crude oil prices above $110 a barrel, while the Indian rupee hit a record low of 96.35 against the dollar. This
In this edition of India Today Roundtable Special, the focus is on the fuel price hike and the state of the Indian economy, amid the ongoing West Asia conflict.
In a dramatic turn in the excise policy case, Delhi High Court judge Justice Swarna Kanta Sharma on Thursday recused herself from the case after initiating criminal contempt proceedings against Arvind Kejriwal and other AAP leaders over remarks targeting the court.
A nationwide fuel price hike has seen petrol and diesel increase by three rupees per litre and CNG by two rupees per kilogram, sparking criticism from the Tamil Nadu government regarding the financial impact on the middle class.
The government on Friday hiked fuel prices by Rs three per litre for petrol and diesel, and Rs two for CNG, driven by rising global crude prices and supply disruptions in the Strait of Hormuz.
The Delhi government has announced a series of measures after PM Modi's austerity appeal to conserve petrol and diesel, including the adoption of a two-day work from home policy for government offices.
Days after the call for austerity measures, PM Modi reduced his own cavalcade to just two vehicles while Bihar Chief Minister Samrat Choudhary just switched to an electric vehicle, but his cavalcade still includes twenty-one other petrol and diesel vehicles.
The price of commercial LPG was hiked by the steepest ever Rs 993 per 19-kg cylinder on Friday due to rising global energy prices linked to the West Asia conflict.
In an interview with India Today, Dr Sajjid Z Chinoy, Chief India Economist at JP Morgan, discussed the global energy shock and its impact on the Indian economy following the recent hikes in commercial LPG and anticipated domestic fuel price increases.
This broadcast analyses the Tamil Nadu and Kerala assembly election exit polls and decodes what to expect on the Verdict Day on May 4.
Petrol and diesel prices may increase by Rs four to five per litre, while domestic LPG cylinder prices could rise by Rs 40-50 per cylinder, according to government sources.