The Reserve Bank of India (RBI) has decided to keep the benchmark repo rate unchanged at 5.25% following the latest meeting of its Monetary Policy Committee (MPC), signaling a cautious approach as policymakers navigate a complex economic environment marked by inflationary pressures, global uncertainties, and currency volatility. The decision, announced after the MPC’s policy review,...
Compressed Natural Gas (CNG) prices have been raised by ₹2 per kilogram across several major Indian cities, marking the fourth increase in less than 15 days. The latest revision has added to concerns among daily commuters, transport operators, and businesses dependent on gas-powered vehicles as fuel expenses continue to climb steadily. The fresh hike comes...
Fuel prices across India witnessed another significant increase as petrol and diesel rates were raised by more than ₹2.5 per litre in major cities. This marks the fourth fuel price hike within a span of just 10 days, intensifying concerns among consumers, transport operators, and businesses already grappling with rising living costs. The latest revision...
Consumers across India faced another surge in fuel costs on Friday as petrol and diesel prices were increased for the third time within just 10 days. The latest revision has intensified concerns over inflationary pressure and rising transportation expenses, especially at a time when households and businesses are already grappling with elevated living costs. According...
The global oil market could face severe supply pressures and heightened volatility in the coming months, with the International Energy Agency (IEA) warning that the sector may enter a “red zone” by summer if current trends continue. The caution comes amid growing geopolitical tensions, strong seasonal fuel demand, and concerns over tightening crude supplies that...
Thousands of commuters across the national capital faced severe inconvenience on Thursday after cab aggregators, auto-rickshaw operators, and transport unions launched a large-scale strike protesting rising operational costs and fuel price pressures. The strike significantly affected daily travel, particularly during peak office hours, leaving passengers stranded at metro stations, bus terminals, and commercial hubs across...
The Indian rupee weakened sharply in early trading on Wednesday, touching a historic low of 96.90 against the U.S. dollar, reflecting mounting pressure from global economic uncertainties, rising crude oil prices, and sustained foreign capital outflows. The decline in the domestic currency has intensified concerns among investors, traders, and policymakers about the broader implications for...
Senior Congress leader Mallikarjun Kharge launched a sharp attack on the central government over the recent rise in fuel prices, alleging that ordinary citizens are being unfairly burdened while select corporate interests continue to receive preferential treatment. Addressing the issue in a strongly worded statement, Kharge accused the government of “robbing common people” through repeated...
The Indian rupee plunged to a historic low against the US dollar, breaching the psychologically significant 96 mark amid surging crude oil prices, mounting geopolitical tensions, and persistent pressure on emerging market currencies. The sharp depreciation has intensified concerns over inflation, import costs, and broader economic stability in India as global financial markets react nervously...
The political battle over rising fuel prices intensified on Friday after petrol and diesel rates were increased across the country, triggering a sharp exchange between the ruling BJP and the Opposition Congress. The hike came days after Prime Minister Narendra Modi appealed to citizens to reduce fuel consumption and adopt austerity measures in response to...