Fuel prices in India may witness an increase as oil companies are considering a hike following the continuing conflict in West Asia. According to reports, petrol and diesel prices could rise by up to Rs 5 per litre. Oil companies have cited disruptions in fuel supply through the Strait of Hormuz and rising global tensions Read More…
India’s state-run oil companies are reportedly suffering losses of ₹700 crore to ₹1,000 crore per day as petrol, diesel and LPG prices remain unchanged despite a sharp rise in global energy prices amid the West Asia conflict. According to estimates, the losses have touched nearly ₹30,000 crore a month as public sector oil firms continue Read More…
The Central government has clarified that there will be no increase in fuel prices even after the ongoing Assembly elections in five states are concluded. The assurance comes amid the final phase of polling in West Bengal, where voting is underway on Tuesday. Addressing concerns over a possible hike, Sujata Sharma, Joint Secretary in the Read More…
Global oil prices have crossed the $100 mark for the first time in four years as tensions intensify in West Asia, raising serious concerns over global energy supply. The disruption in oil shipments through the strategic Strait of Hormuz and reduced production by major oil-producing countries have pushed crude prices sharply higher. Brent crude surged Read More…