Pune, May 14 (IANS) Nationalist Congress Party (SP) President, Sharad Pawar, on Thursday launched a scathing attack on the Central Government’s recent decision to ban sugar exports, terming the move “economically disastrous” for Maharashtra’s cooperative sector.Speaking at a press conference in Pune, the veteran leader demanded an immediate reconsideration of the policy to prevent the financial collapse of sugar mills. He demanded immediate withdrawal to protect the 2026 sugar season.Pawar h…
Latest fuel prices News & Updates
New Delhi, May 14 (IANS) India’s inflation rate based on the wholesale price index (WPI) rose to 8.3 per cent during April, compared to the same month of the previous year, primarily due to an increase in prices of fuels and crude oil amid the Middle East conflict, according to a statement issued by the Ministry of Commerce and Industry on Thursday.The WPI inflation for April was higher than the corresponding figure of 3.88 per cent recorded for March this yearWPI food inflation remained constan…
Seoul, May 6 (IANS) South Korea’s consumer prices rose at the fastest pace in 21 months in April, driven by soaring fuel costs amid the Middle East conflict, government data showed on Wednesday.Consumer prices, a key gauge of inflation, increased 2.6 percent from a year earlier last month, according to the data from the Ministry of Data and Statistics. It marks the largest on-year increase since July 2024, when inflation climbed 2.6 percent, reports Yonhap news agency.The latest rise was driven …
Washington, May 6 (IANS) US Secretary of State Marco Rubio warned that Iran’s actions could trigger broader economic instability as the increasing tensions in the Strait of Hormuz and fears of prolonged disruption to one of the world’s busiest energy corridors are increasing pressure on global oil markets.At the White House news conference , Rubio said Iran’s attempts to control shipping through the Strait of Hormuz threatened fuel supplies, global trade and international shipping lanes re…
New Delhi, May 2 (IANS) The US-based low-cost airline Spirit Airlines on Saturday said it is shutting down operations and beginning an orderly wind-down after failing to secure a financial lifeline from lenders and the US government.The airline cancelled all scheduled flights with immediate effect and suspended customer support services, informing passengers that its website now carries details on refunds and further steps, according to reports.The decision comes after negotiations over a potent…
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…
Wellington, April 21 (IANS) New Zealand will provide targeted financial support to small, rural and isolated schools to ease pressure from rising fuel costs, a senior official has said. “Global fuel price volatility is hitting some schools harder than others, particularly those that rely on diesel and where students face longer distances when travelling to and from school,” Education Minister Erica Stanford said in a statement.The government will invest 37 million NZ dollars to replace diesel bo…
Phnom Penh, April 18 (IANS) Retail fuel prices in Cambodia have dropped further after Iran declared the opening of the Strait of Hormuz, the Ministry of Commerce said. In an announcement late on Friday (local time), the ministry said a litre of regular gasoline is now priced at 4,950 riels (1.24 US dollars) from this Saturday until the next notice, down 2.9 per cent from 5,100 riels (1.28 dollars) in the last three days.Diesel now costs 5,700 riels (1.42 dollars) per litre, down 10.9 per cent, t…
Washington, April 16 (IANS) The Trump administration has linked the outlook for US fuel prices to developments in the Iran conflict, saying a sustained drop in gasoline costs will depend on the reopening of the Strait of Hormuz and progress in ongoing negotiations. Treasury Secretary Scott Bessent told reporters at a White House news conference on Wednesday (local time) that the timing of lower gas prices remained uncertain, citing disruptions in global oil flows linked to tensions involving Ira…
New Delhi, April 12 (IANS) Pakistan is once again grappling with rising inflation as escalating tensions in the Middle East, particularly the Israel-US conflict with Iran, begin to ripple through its economy, a report has said. The surge in global energy prices has pushed the country’s inflation back into double-digit territory, with the Sensitive Price Indicator (SPI) climbing 12.15 per cent year-on-year (YoY), marking a 74-week high, The Express Tribune report said.According to analysts at T…