Latest Raw Material Costs News & Updates

Seoul, June 18 (IANS) South Korea plans to apply zero tariff rates on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) within quotas in the second half of 2026 as the country seeks to tame inflation amid lingering global energy price volatility, the finance ministry said on Thursday.The Ministry of Finance and Economy said tariff rates on LNG, LPG and crude oil used for the production of LPG will be lowered to zero in the second half, noting the measure is expected to help stabilise…

New Delhi, May 21 (IANS) India’s largest carmaker Maruti Suzuki India on Thursday announced a price hike of up to Rs 30,000 with effect from June 2026.In its stock exchange filing, the domestic carmaker said that the company has decided to increase the prices of its models across its portfolio.”In view of the sustained increase in input costs, the company has decided to increase the prices of its models across its portfolio by up to Rs 30,000 with effect from June 2026,” it said in its regulator…