Chandigarh, May 15 (IANS) Punjab Minister Aman Arora on Friday slammed the Central government over the continuous rise in fuel prices and inflation, stating that the Bharatiya Janata Party-led government has pushed the common man, farmers and small businesses into financial distress while favouring a handful of corporate houses. Cabinet minister Arora told the media here that the entire country “is witnessing the suffering caused by rising inflation despite the tall promises made by PM Modi be…
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New Delhi, May 15 (IANS) As petrol and diesel prices were raised by Rs 3 per litre on Friday, experts said that the fuel price hike could accelerate investment in renewable energy and diversified supply chains. Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings, said the hike could push inflation higher by raising transportation and production costs, translating to higher prices for essential goods.”Oil-importing nations may face decelerated growth, weaker industrial output, and reduce…
New Delhi, May 14 (IANS) There are adequate stocks of petrol and diesel available at all petrol pumps in the country, regular retail prices for petrol and diesel are unchanged, and there is no price increase at PSU oil marketing companies (OMCs) retail outlets, the government said on Thursday.”All citizens are requested to make necessary efforts to conserve energy in their daily use during the current situation,” a Petroleum Ministry official said in the daily inter-ministerial briefing.”Citizen…
Mumbai, May 14 (IANS) State-run gas distributor Mahanagar Gas Limited (MGL) has hiked compressed natural gas (CNG) prices across the Mumbai Metropolitan Region (MMR), raising retail rates by Rs 2 per kg.Following the latest revision, CNG will now cost Rs 84 per kg across Mumbai, Thane, Navi Mumbai and other parts of the MMR with immediate effect.The fuel was previously priced at Rs 82 per kg. The latest hike comes amid rising input costs and prevailing market conditions.Reports claim that soon a…
New Delhi, May 12 (IANS) India’s “theoretical compressed biogas production capacity is estimated at 62 million metric tonnes annually”, but current output remains below 1 per cent of that potential, leaving a massive untapped domestic energy opportunity that could attract nearly Rs 1 lakh crore of investments, a report said on Tuesday.The report from fintech platform smallcase said agricultural residue, cattle waste, municipal solid waste and industrial byproducts are increasingly being vi…
New Delhi, May 10 (IANS) Prime Minister Narendra Modi on Sunday laid the foundation stone, inaugurated and dedicated to the nation multiple development projects worth around Rs 9,400 crore for Telangana aimed at creating large scale employment and better connectivity in the state.Addressing the gathering via video conferencing, the Prime Minister highlighted Hyderabad’s transformational significance as a centre of both national and global importance and outlined how multiple large-scale projects…
Islamabad, May 1 (IANS) Amid blockade of the Strait of Hormuz due to the Iran-US conflict, the Pakistan government has raised the price of high-speed diesel (HSD) by Pakistani Rupees (PKR) 19.39 per litre and the price of petrol by PKR 6.51 per litre for one week, local media reported on Friday. As per the notification issued by the Pakistan’s Petroleum Division on Thursday, price of HSD has been increased from PKR 380.19 to PKR 399.58 while petrol will be sold at 399.86 per litre compared to th…
Laxmangarh (Alwar), April 30 (IANS) In a tragic incident, five members of the same family were burnt alive after a fire broke out in their moving car on the Delhi-Mumbai Expressway, allegedly due to a CNG leak. The incident occurred on Wednesday, around 11.00 p.m., within the jurisdiction of Laxmangarh police station in Rajasthan’s Alwar district.According to police, the victims were residents of Chainpura village in Sheopur district of Madhya Pradesh. The family was returning home after visit…
New Delhi, April 29 (IANS) The fact-checking unit of the Press Information Bureau (PIB) on Wednesday dismissed as fake a viral message claiming that petrol and diesel prices have been hiked by up to Rs 12.50 per litre.The Press Information Bureau’s Fact Check unit clarified that no such order has been issued by the Ministry of Petroleum and Natural Gas (MoPNG).”An order circulating on social media claiming fuel price hikes is fake. The Government of India has not issued any such order,” the PI…
New Delhi, April 28 (IANS) The Centre on Tuesday said there is no proposal at present to increase retail fuel prices, seeking to calm concerns amid rising geopolitical tensions in West Asia that have impacted global energy markets.Speaking at an inter-ministerial briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said petrol and diesel prices will remain unchanged for now, even as the government continues to monitor the evolving situation.“LPG, petroleum and…