Fuel prices up Rs 5 in 10 days, govt defends limited hike amid West Asia crisis
Petrol and diesel prices were raised for the third time this month as the Centre said a 76-day freeze had cushioned consumers despite soaring crude.
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.
Petrol and diesel prices were raised for the third time this month as the Centre said a 76-day freeze had cushioned consumers despite soaring crude.
India relies on imports for nearly 85 per cent of its crude oil requirements, making domestic fuel prices vulnerable to fluctuations in global markets. The fresh hike is likely to put additional pressure on commuters, transporters and businesses across multiple sectors.
The rupee's sharp slide is raising concerns that the RBI may need to raise rates. That could lift home loan EMIs and make buying a house harder for borrowers.
Tata Motors has revealed the facelifted Tata Tiago and Tata Tiago EV ahead of their May 28 launch, introducing sharper styling, updated lighting elements, fresh features and possible improvements to the EV’s range and technology.
More than 68 transport unions have begun a three-day strike across Delhi-NCR, affecting cabs and autos. Drivers say rising fuel costs, stagnant fares and app commissions have pushed them under severe financial strain.
Mini has launched the limited-run Cooper S GP Inspired Edition in India at Rs 58.9 lakh (ex-showroom), bringing exclusive styling upgrades, JCW-inspired enhancements and a 204bhp turbo-petrol engine to enthusiasts.
The grocery bill feels heavier. Filling the petrol tank costs more. Even an occasional gold purchase suddenly seems expensive. Across India, rising prices are pinching household budgets, leaving many families asking: What everyday expenses can we cut without making life harder? Let's have a look.
From petrol and diesel to CNG and electric vehicles, every powertrain in India today comes with its own compromises, leaving us struggling to find a truly worry-free ownership experience.
The All India Motor Transport Congress on Monday wrote to Delhi Governor Taranjit Singh Sandhu and Chief Minister Rekha Gupta, seeking intervention and urging the government to notify the revised fares.
State-run oil companies have raised petrol and diesel prices again across major cities. The move has revived talk of a 2022-style pattern of small, frequent fuel hikes.
Markets are set for a mildly positive open even after a second fuel price hike in a week. Hopes of easing tensions around Iran are offering support, but high crude prices and volatility are keeping traders cautious.
The latest revision of prices follows a Rs 3-per-litre hike announced just days earlier, adding to the burden on consumers already facing high transport and household costs.
With oil companies’ losses only partially cushioned, more fuel rate increases are anticipated and will have a significant impact on inflation
India said it will continue buying crude oil from Russia regardless of the US sanctions waiver position. The statement underlined New Delhi's focus on energy security and commercially viable supplies amid elevated oil prices.
A fuel station in Chandigarh capped fuel refills amid low stock and global supply fears linked to the US-Iran conflict.
Ahead of its May 22 debut, the facelifted Honda City has been spotted with updated styling, new features and subtle cabin revisions, while retaining its petrol and strong-hybrid powertrain options.x
The benchmark BSE Sensex plunged 939.10 points, or 1.25%, to 74,298.89 at 9:37 am, while the NSE Nifty50 fell 284 points, or 1.20%, to 23,359.50.
India may face fresh pressure on petrol and diesel prices after the US let a waiver on Russian oil purchases expire. With crude above USD 100 and West Asia tensions high, refiners and consumers could come under added strain.
Fresh spy shots of the upcoming Maruti Suzuki Brezza facelift suggest more than cosmetic upgrades, with the test mule undergoing emission testing, hinting at a possible new turbo-petrol engine for the popular compact SUV.
Honda Cars India is set to launch the facelifted Honda City this week, bringing sharper styling, updated features and subtle cabin revisions as the sedan aims to stay competitive in its segment.
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.
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 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.
A TVK party office in Trichy was set on fire by unidentified miscreants late at night. CCTV footage reveals two men on a two-wheeler arriving at the location, torching the makeshift office, and fleeing the scene.
The United Arab Emirates has announced its decision to leave the Organisation of the Petroleum Exporting Countries from the first of May amidst ongoing tensions in West Asia.
Ahead of the Tamil Nadu election results, TVK chief Vijay visited the Tiruchendur Murugan and Shirdi Saibaba temples.