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…
Latest fuel prices News & Updates
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…
Sangli, May 28 (IANS) In light of the prevailing economic hardships, senior leader of the Nationalist Congress Party (SP) and former State Finance Minister, Jayant Patil, on Thursday urged the Maharashtra government to prioritise public interest by immediately waiving the Value Added Tax (VAT) and surcharges on petrol and diesel. Patil made this demand through an official letter addressed to Chief Minister Devendra Fadnavis.Expressing deep concern over the situation, Patil stated that the contin…
Mumbai, May 26 (IANS) Gas distributor Indraprastha Gas Limited (IGL) on Tuesday announced a fresh increase in compressed natural gas (CNG) prices, marking the fourth hike in less than two weeks. CNG prices in Delhi have been hiked by Rs 2 per kg.Following the latest revision by IGL, CNG in Delhi will now cost Rs 83.09 per kg, up from Rs 81.09 per kg.However, prices were revised upward across the National Capital Region, with consumers in Noida, Ghaziabad and Greater Noida now paying Rs 91.70 per…
Bengaluru, May 25 (IANS) Announcing protests against fuel price hikes, Deputy Chief Minister and State Congress President D.K. Shivakumar said demonstrations would be held at all district headquarters on May 30 and that the party would later intensify the agitation across every Assembly constituency in Karnataka. Addressing a joint press conference with CM Siddaramaiah and AICC General Secretary Randeep Singh Surjewala, Shivakumar further said: “We will create awareness among the people agains…
New Delhi, May 25 (IANS) India’s push towards ethanol blending and renewable energy is helping reduce the country’s dependence on imported crude oil, Krishnakumar Gopalan, former Chairman and Managing Director of Bharat Petroleum Corporation Limited said on Monday.Speaking to IANS, he said the government had realised early the need for an energy transition and has been working closely with oil companies to reduce vulnerabilities arising from high crude imports.Speaking about India’s fuel s…
New Delhi, May 25 (IANS) Congress President, Mallikarjun Kharge, has strongly criticised the recent rise in fuel prices across the country on Monday, calling it a “daily assault of FUEL LOOT” and accusing the NDA government at the Centre of burdening common citizens. His comments came after fuel prices were hiked again on Monday, the fourth time since May 15. Petrol has become costlier by Rs 2.61 per litre and diesel by Rs 2.71 per litre.In a post on X, Kharge wrote, “The Daily Assault of FU…
New Delhi, May 25 (IANS) Fuel prices were again hiked for the fourth time in a span of two weeks on Monday across the country.State-owned oil marketing companies on Monday increased petrol prices in Delhi by Rs 2.61 per litre and diesel prices by Rs 2.71 per litre. With the latest revision, petrol is now being sold at Rs 102.12 per litre, up from Rs 99.51 per litre, while diesel prices have climbed to Rs 95.20 per litre from Rs 92.49 per litre.The fresh hike comes just two days after fuel prices…
New Delhi, May 22 (IANS) As Pakistan gets included among world’s ten most severe hunger hotspots in the Global Report on Food Crises (GRFC) 2026, the country faces a dangerous overlap of climate shocks, economic fragility and rising inflation, a new report has said.The report from Maldives Insight said that surging fuel prices due to Middle East conflict has added a fresh layer of pressure into an already strained system.The Human Rights Council of Pakistan warned that the fuel price hike amou…