Washington, May 23 (IANS) The Trump administration is preparing for a fresh round of military strikes against Iran despite ongoing diplomatic efforts, US media reported, citing sources with direct knowledge of the planning. No final decision had been made as of Friday afternoon (local time), reports Xinhua news agency, quoting CBS News. Meanwhile, US President Donald Trump claimed that Iran was seeking negotiations after recent US military actions, saying Tehran’s military capabilities had bee…
Latest Global Energy Prices News & Updates
New Delhi, May 1 (IANS) Aviation turbine fuel (ATF) prices for foreign carriers were raised by around 5 per cent on Friday — marking the second consecutive monthly increase, even as domestic airlines were shielded from any revision.State-run oil marketing companies, including Indian Oil Corporation, revised the rates in line with elevated global energy prices.The hike applies only to international operations and foreign carriers, while ATF prices for domestic airlines remain unchanged.In Delhi,…
Los Angeles, April 27 (IANS) Americans are feeling the strain as the cost of groceries, gasoline, and utilities continues to rise. Economists say a one-two punch of new US tariffs and a war-driven spike in global energy prices are pushing up everyday expenses and threatening to slow growth just as households had begun to regain some breathing room.”I feel betrayed,” Katie Peyrey, a 66-year-old struggling grandmother and caregiver from Burbank, California, told Xinhua news agency.She is a minimum…
Ottawa, April 18 (IANS) Air Canada has announced it will suspend service on several routes to the United States due to soaring jet fuel costs. According to a statement from Canada’s largest carrier on Friday (local time), jet fuel prices have doubled since the start of the Iran conflict, rendering some routes and flights no longer economically feasible.The suspensions affect a mix of transborder and domestic services. Service from Montreal and Toronto to New York’s John F. Kennedy International …
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…
Washington, April 9 (IANS) Bangladesh’s economy is expected to see a gradual recovery after a period of slowdown, supported by improving domestic demand and stabilising conditions, the World Bank said.Growth is projected at 3.9 per cent in fiscal year 2025-26, reflecting the impact of earlier political unrest and external pressures on economic activity, according to the World Bank’s latest assessment.The report said the economy is recovering from disruptions linked to political instability i…
New Delhi, April 6 (IANS) The reduction of Rs 80 per litre in petrol prices in Pakistan is nothing but a “populist move” by a government struggling to balance emerging economic constraints and domestic political compulsions, a new report has said.New Delhi, April 6 (IANS) The reduction of Rs 80 per litre in petrol prices in Pakistan is nothing but a “populist move” by a government struggling to balance emerging economic constraints and domestic political compulsions, a new report has sai…
Washington, March 25 (IANS) The Pentagon is preparing to deploy thousands of troops from the Army’s 82nd Airborne Division to the Middle East, signalling a potential escalation in the Iran conflict even as Washington explores diplomatic options.According to multiple media reports, it is preparing to deploy about 3,000 troops from the Army’s 82nd Airborne Division to the Middle East, adding to thousands of Marines already heading to the region.No decision has been made for US troops to enter …
New Delhi, March 7 (IANS) Even after the recent Rs 60 increase in domestic LPG prices, India continues to have one of the lowest LPG cylinder prices in the region, according to government sources on Saturday. Data showed that cooking gas in India remains significantly cheaper than in neighbouring countries such as Pakistan, Sri Lanka and Nepal.Government sources said the price of a 14.2 kg LPG cylinder for beneficiaries under the Pradhan Mantri Ujjwala Yojana in Delhi is currently around Rs 613 …
New Delhi, March 7 (IANS) State-owned oil marketing companies (OMCs) on Saturday raised the prices of domestic and commercial LPG cylinders, with household cooking gas becoming costlier by Rs 60 and commercial cylinders by Rs 114.5, amid rising global energy prices linked to the ongoing conflict in the Middle East.According to the Indian Oil Corporation, the price of non-subsidised domestic LPG used by most households has been increased to Rs 913 per 14.2-kg cylinder in New Delhi — up from Rs 8…