Fuel prices may rise soon. Government sources indicate a potential increase in petrol and diesel rates. This comes as oil companies face mounting losses. Retail prices have been frozen for four years. Global crude oil prices have surged significantly. This situation puts pressure on state-owned oil firms. Consumers might see higher fuel costs in the…
India’s power consumption saw a 4.04 percent rise in April. Unseasonal rains initially subdued demand. However, rising temperatures later in the month pushed power demand higher. Peak power demand reached a record 256.11 GW. Experts predict further increases in power demand from May onwards due to a harsh summer. Monsoon is expected to bring relief…
India has successfully shielded consumers from global energy price shocks despite disruptions from the Strait of Hormuz closure. Union Minister Hardeep Singh Puri stated that the country absorbed fiscal impacts rather than passing them to consumers, maintaining stable retail fuel prices for 60 days through long-term planning and diversified sourcing.
Commercial LPG cylinder prices have surged by Rs 933, impacting India’s small food businesses. This price hike threatens to increase meal costs and reduce incomes for many. The government has shielded households from domestic LPG price rises. However, the economic strain is now felt through commercial kitchens and small enterprises. This could lead to broader…
Commercial LPG prices have reached a record high, with a Rs 993 hike per 19-kg cylinder, bringing the total increase in three months to Rs 1,303. This surge is attributed to rising global energy prices amid the West Asia conflict. Domestic LPG prices, however, remain unchanged.
As the summer heatwave intensifies, India is preparing for relentless heat well past June. Power networks are under immense strain due to increased temperatures and energy deficits from global disruptions. This unfortunate combination is leading to rolling blackouts, affecting millions as they cope with the dual challenge of sweltering weather and power outages.
Airline fuel costs are holding steady even as oil firms take the hit from rising global prices to keep fares manageable for travelers. Meanwhile, the rates for petrol, diesel, and domestic LPG cylinders haven’t changed, providing a buffer for nearly 90% of users against the fluctuations of the international market.
The govt has announced a reduction in the windfall tax for diesel exports to Rs 23 per litre and for aviation fuel to Rs 33 per litre, starting this Friday. This decision comes after a prior increase intended to protect domestic fuel supplies during global price escalations.
Commercial LPG cylinder prices surged by Rs 993 on May 1, 2026, reaching Rs 3,071.50 in Delhi, driven by the US-Iran-Israel conflict and Strait of Hormuz disruptions. Domestic cylinder prices remain unchanged. The price of 14.2 kg LPG domestic cylinder in Delhi costs Rs 913.