Washington, March 22 (IANS) US Transportation Secretary Sean Duffy has warned that the ongoing conflict with Iran is pushing up fuel and travel costs, saying it is the rising cost burden that is now affecting American consumers even as supply chains remain stable.In an interview on ABC News’ This Week with George Stephanopoulos, Duffy said airlines are not facing supply shortages but are under pressure from higher fuel prices. “It is the cost, right?” he said.The warning comes as fuel pric…
Latest fuel prices News & Updates
Chennai, March 22 (IANS) BJP spokesperson C. R. Kesavan on Sunday reacted strongly to Leader of Opposition (LoP) in the Lok Sabha Rahul Gandhi’s remark that the Prime Minister Narendra Modi-led government “has neither direction nor strategy”.Gandhi, in a post on X on Saturday, alleged that the fuel prices and prices of everyday items, including production and transport, will increase as a result of the ongoing West Asia conflict. In addition to this, he said that MSMEs and the stock market will …
Thiruvananthapuram, March 21 (IANS) Kerala Chief Minister Pinarayi Vijayan on Saturday launched a sharp attack on successive central governments led by the Congress and the BJP, holding their policy decisions responsible for the country’s worsening energy crisis. In a strongly worded statement, Vijayan alleged that policies shaped under American influence over the years have undermined India’s long-term energy security.He said the ongoing conflict in West Asia has only aggravated the situati…
Seoul, March 13 (IANS) South Korea’s Industry Minister Kim Jung-kwan said Friday the government’s fuel price cap system is already showing signs of stabilising prices less than a day after taking effect. Kim held a meeting with officials from South Korean oil refineries, gas stations and the Korea National Oil Corporation to review the domestic energy markets on the first day of the fuel price cap system’s implementation, Yonhap News Agency reported. The temporary cap system took effect at midni…
Mumbai, March 12 (IANS) Shares of InterGlobe Aviation Limited, the parent company of IndiGo airline, fell sharply on Thursday, after global brokerage firm Citi lowered its price target for the stock.The brokerage cut its target price by about 10.5 per cent to Rs 5,100 per share from the earlier Rs 5,700.Despite the reduction, Citi maintained its “buy” rating on the stock. The revised target still suggests a potential upside of around 17 per cent from the stock’s previous closing price.Acco…
New Delhi, March 12 (IANS) Several Opposition MPs on Thursday raised concerns over claims of shortages of LPG cylinders and rising fuel prices, demanding a discussion in Parliament and accusing the government of failing to manage the supply situation. However, leaders from the ruling alliance asserted that there was no reason for panic and assured that adequate reserves were available in the country.Congress MP Shashi Tharoor told IANS that the issue must be discussed in Parliament and the gover…
New Delhi, March 12 (IANS) Amid the ongoing controversy over LPG shortages and rising fuel prices, the Congress party sparked debate on social media after sharing a post on platform X that criticised the government. However, the party later deleted the post following widespread criticism for using an old photo. The post featured an image carrying the slogan “Modi Hai To Mumkin Hai,” with a caption below that read “Modi ki line lagao yojana,” suggesting people were being forced to stand i…
Patna, March 10 (IANS) A rumour about a possible domestic gas shortage created panic, on Tuesday, in the Sugauli block of East Champaran district in Bihar, after claims spread that LPG supplies might be disrupted due to the ongoing tensions between Iran and Israel. As the rumour spread rapidly, hundreds of residents rushed to the local gas agency warehouse, carrying empty cylinders and standing in long queues for hours.The sudden rush created chaos outside the warehouse as people tried to secure…
Bengaluru, March 10 (IANS) Former Karnataka Chief Minister and MP Basavaraj Bommai on Tuesday claimed that the LPG shortage issue in the country would be resolved soon, asserting that most of the problems were likely to be addressed within a week. “There is no petrol or diesel problem in the country. LPG supply from Gulf countries has stopped. This too will start again soon. Most of the issues will be resolved within the next week,” he claimed.Bommai said the country needs to increase its do…
Bengaluru, March 10 (IANS) Karnataka Deputy Chief Minister and State Congress President, D.K. Shivakumar, on Tuesday said issues such as the reported shortage of LPG cylinders and rising fuel prices must be discussed in Parliament, accusing the Union government of avoiding debate on matters affecting people and businesses.”Our entire hotel and commercial industry has been affected,” he stated.Speaking to reporters in Bengaluru, Dy CM Shivakumar said the issue had already been raised by members o…