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Petrol

Petrol is one of India’s most widely used transport fuels, powering millions of cars, two-wheelers and commercial vehicles every day. Its price is closely watched because even small changes can affect household budgets, commuting costs and inflation. Petrol prices in India are influenced by several factors, including global crude oil rates, rupee-dollar exchange movements, central excise duty, state VAT, dealer commissions and oil marketing company margins. Prices are revised by state-run fuel retailers such as Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited. Since fuel taxation differs across states, petrol rates vary between cities. Petrol price movements often become a major political and economic issue, especially during periods of high crude oil prices or elections. Consumers track petrol prices for their direct impact on monthly expenses, while policymakers watch them for their influence on inflation, demand and public sentiment. India’s petrol market is also gradually evolving with cleaner fuel standards and electric mobility growth.

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So Sorry: Happy husband association

This episode of So Sorry is a hilarious take on PM Modi's appeal to Indians to avoid buying gold for weddings for one year, reduce petrol consumption amid growing fears of a fuel price surge due to the ongoing West Asia conflict and how this has made husbands happy as they have now got an excuse to not buy gold jewellery for their spouses or to gift it to someone on their marriage.

How best to tackle oil shock? Dr Sajjid Z Chinoy responds

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.