New Delhi, April 16 (IANS) The trade deficit widening has been pushed out rather than avoided, a report showed on Thursday, adding that if the energy shock persists and Brent oil prices stays elevated, the deficit is likely to widen in the coming months.India’s goods trade deficit came in at $20.7 billion in March, much lower than last month’s $27 billion deficit. The March deficit is usually slightly narrower, but markets expected it to widen this time as Brent is up 60 per cent YoY due to the …
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New Delhi, March 18 (IANS) Pakistan is facing a major fuel crisis due to the disruption in oil supplies triggered by the Middle East conflict, as the Shahbaz Sharif government has failed to manage the fallout of the disruption in oil supplies through the Strait of Hormuz.“In Pakistan, citizens wait for hours at petrol stations across various cities, paying 55 rupees more per litre than they did two weeks ago. The government is debating a vague plan to reduce the workweek to four days, halve th…
Ahmedabad, March 6 (IANS) Adani Total Gas Ltd (ATGL) has not increased the prices of CNG for vehicles and piped cooking gas supplied to household kitchens, despite gas supplies being hit due to the Iran war, company officials said on Friday.An ATGL official said about 70 per cent of ATGL’s gas volumes are sourced domestically and supplied to retail CNG fuel stations for vehicles and as piped natural gas for cooking to household kitchens. Prices for these two consumer categories remain unchanged….