New Delhi, July 10 (IANS) Pakistan’s economic growth is expected to slow in the current fiscal year as higher energy costs and pressure on foreign remittances weigh on the economy, the Asian Development Bank (ADB) said in its latest outlook, according to a report.A report published in Dawn said that the lender has revised down Pakistan’s GDP growth forecast for FY27 to 3.7 per cent from the 4.5 per cent projected in April, according to the Asian Development Outlook (ADO).The ADB cautioned that t…
Latest fuel prices News & Updates
New Delhi, July 1 (IANS) Electric passenger vehicle registrations in India nearly doubled in April-June quarter (Q1 FY27), rising nearly 90 per cent year-on-year to 82,737 units as consumers increasingly opted for battery-powered vehicles, according to Vahan registration data.Registrations increased from 43,710 units in the corresponding quarter last year, with industry executives attributing the surge to improved ownership economics for electric vehicles amid elevated fuel prices during the Wes…
New Delhi, June 14 (IANS) There is 80 per cent likelihood of an El Nino event during the June–August period and probabilities for this, to continue until at least November, are near or above 90 per cent, according to a new report. However, the reservoir level is more than normal storage (till June 11) in the country and the arrivals statistics of vegetables are also satisfactory.“Only coming days will tell us whether the supply conditions are sufficient from any incipient shock from food and…
New Delhi, June 12 (IANS) India has imposed restrictions on the sale of motor spirit (petrol) and high-speed diesel (HSD) at retail fuel outlets, limiting bulk purchases and directing institutional and commercial users to source fuel through their dedicated consumer or captive pumps, according to an official government notification.The directive, aimed at curbing diversion of subsidised or retail-priced fuel, will remain in force for an initial period of up to 90 days unless withdrawn or modifie…
Bhubaneswar, June 8 (IANS) The Biju Janata Dal (BJD) on Monday strongly criticised the BJP-led (Odisha) “double-engine” government over the rising prices of petrol, diesel, LPG and other essential commodities, alleging that the continued increase in fuel prices is placing a severe burden on common people despite a decline in global crude oil prices. Addressing a press conference at Shankha Bhawan in Bhubaneswar, Biju Mahila Janata Dal President Snehangini Chhuria stated that the prices of pe…
New Delhi, June 7 (IANS) Domestic cooking gas prices have been increased by Rs 29 per cylinder, marking the second hike in three months as state-owned oil marketing companies continue to face pressure from elevated global energy costs.With effect from Sunday, the price of a 14.2-kg domestic LPG cylinder in Delhi has been raised to Rs 942 from Rs 913, according to industry sources.The latest revision follows a Rs 60-per-cylinder increase announced on March 7 after the conflict in the Middle East …
New Delhi, June 4 (IANS) The government has fixed the basic price of aviation turbine fuel (ATF) for domestic airlines at Rs 86.32 per litre for up to three years under the new price stabilisation scheme aimed at keeping airlines financially viable and passenger tickets affordable amid the surge in international prices due to the Middle East crisis. Under the voluntary scheme, airlines participating in the scheme will pay the fixed free-on-board (FOB) benchmark price as well as airport charges, …
New Delhi, June 2 (IANS) India’s electric vehicle (EV) market registered an increase in demand during May this year, as higher fuel prices pushed more buyers towards battery-powered alternatives, according to reports by Nomura and HSBC.According to Nomura, EV sales in May reached 6.4 per cent of passenger vehicle sales, compared with 4 per cent in FY26, while electric two-wheelers accounted for 8.9 per cent of sales, up from around 6.5 per cent last year. The brokerage said that demand sentiment…
New Delhi, June 1 (IANS) A prominent Pakistani traders’ union has warned of nationwide protests if the government reimposes its decision to close markets early, calling on authorities to put an end to lockdowns aimed at conserving energy amid soaring fuel prices triggered by the Middle East conflict, a report has said.The report by Arab News highlighted that as part of its plan to reduce the consumption of costly imported fuels, the Pakistani government in April issued orders for shops, market…
Lucknow, May 30 (IANS) The Uttar Pradesh Power Corporation Limited (UPPCL) has formally notified a 10 per cent Fuel and Power Purchase Adjustment Surcharge (FPPAS) on electricity bills for June, a move that will affect consumers across all categories in the state.The surcharge has been imposed to recover the additional expenditure incurred on power procurement and transmission costs in accordance with regulations framed by the Uttar Pradesh Electricity Regulatory Commission.According to an order…