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Fuel Prices
India has voiced regret over the Ukraine conflict's collateral consequences, including prices of fuel, saying countries of the Global South have been left to fend for themselves, as Delhi underscored that diplomatic efforts hold the promise to end the war and bring lasting peace. India continues to remain concerned over the situation in Ukraine. We maintain that the loss of innocent lives is unacceptable, and no solution can be found on the battlefield, India's Permanent Representative to the UN, Ambassador Parvathaneni Harish, said Thursday. Addressing the UN General Assembly debate on The situation in the temporarily occupied territories of Ukraine', Harish said India continues to "note with regret that the collateral consequences of the conflict, including prices of fuel, is affecting the world at large and particularly the countries of the Global South, which have been left to fend for themselves. From our perspective, it is critical that their voices are heard, and their ...
Cement prices have seen a sharp escalation in the current fiscal, following upward pressure from input fuel costs, particularly petroleum coke (petcoke), industry sources said. The all-India average cement price reached Rs 360 per 50-kg bag in May 2025, about 8 per cent higher year-on-year after a steep decline the previous year. While regional differences persist - with eastern India seeing the sharpest increases (Rs 20 a bag in West Bengal) and western markets rising by a modest Rs 3 - the trend across the country is clearly upward. May is the latest all-India data available. Sources said demand remains robust, growing 9 per cent in May to 39.6 tonnes, underpinned by housing and government-led infrastructure. Analysts forecast 6-7 per cent growth in FY2026 volumes to 480-485 tonnes. The strongest upward pressure is coming from fuel costs, particularly petroleum coke (petcoke), which constitutes over 50 per cent of the cement industry's fuel mix. In the spot market, international
IndianOil Group company Chennai Petroleum Corporation Ltd coinciding with its Diamond Jubilee year has embarked on a journey to set up retail outlets to sell petrol and diesel, a top official said on Tuesday. The company, which has been producing fuel at its refineries located near the city, has earmarked Rs 400 crore as capital expansion towards this cause. "We are embarking on a journey to set up retail outlets. Long back about 20 years back, CPCL had one standalone outlet in Sriperumbudur. Now, we are again venturing into this strategic growth path. So this is one exciting journey we are taking now. We want to see that during this Diamond Jubilee year, we will be able to establish some diamond jubilee outlets that is a target we are working on," CPCL Managing Director H Shankar told reporters. Declining to elaborate on the number of outlets planned initially, he said during the Diamond Jubilee celebrations the company would be in a position to launch the first round of retail ...
The price of jet fuel, or ATF, was on Sunday slashed by 3 per cent - the third straight monthly reduction on softening international benchmark prices. The fall in international benchmark oil and gas prices also led to a Rs 24 per 19-kg cylinder cut in rate of commercial LPG used in hotels and restaurants. The price of aviation turbine fuel (ATF) was reduced by Rs 2,414.25 per kilolitre, or 2.82 per cent, to Rs 83,072.55 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. The price cut follows a 4.4 per cent (Rs 3,954.38 per kl) reduction on May 1 and a steep 6.15 per cent (Rs 5,870.54 per kl) reduction effected from April 1. Together with Sunday's reduction, the price cuts have more than offset the hikes that occurred earlier this year. A reduction in price of ATF will ease the burden on commercial airlines, for whom fuel makes up for almost 40 per cent of the operating cost. No immediate comments could be .
The trucks from Karnataka are expected to go off the road from midnight on Monday as the truckers affiliated to the Federation of Karnataka State Lorry Owners and Agents Association (FOKSLOAA) are set to begin their indefinite strike against fuel price hike and harassment at toll plazas. According to the FOKSLOAA's honorary general secretary Somasundaram Balan, the federation is the biggest transport body in Karnataka with nearly six lakh trucks enrolled with it and comprises 196 truckers' bodies. There is no change in our programme. We will go ahead with our strike because the Karnataka government has not called us for any meeting yet. Our demands are against fuel price hike and toll issues, Balan told PTI. In a letter to its members, FOKSLOAA gave a call for an indefinite suspension of transport operations in Karnataka for resolution of critical and long-standing issues faced by the road transport sector in the state. Steep hike in Value Added Taxes (VAT) on diesel, resulted in a
Accusing the government of "looting" people by increasing excise duty on petrol and diesel, the Congress on Sunday called for fixing accountability and demanded that the CAG should audit how government policies benefited private companies. The opposition party also demanded that the Central Vigilance Commission (CVC) and Central Bureau of Investigation (CBI) should investigate whether there was deliberate negligence or collusion in this. Congress general secretary in-charge communications Jairam Ramesh in a post on X said, "The people of India are being looted on one hand the Modi government is increasing the tax burden and picking people's pockets, while on the other hand private and government oil companies are making profits! This is open economic exploitation!' "The truth is: In May 2014, the excise duty on petrol was Rs 9.20 and on diesel Rs 3.46. Which is now Rs 19.90 on petrol and Rs 15.80 on diesel in the Modi government an increase of 357% and 54%!" he said in his post in
Members of the Indian Youth Congress held a protest here on Saturday against the recent hike in excise duty on petrol and diesel as well as the rise in prices of CNG and LPG, accusing the Narendra Modi government of failing to manage the country's economy. The protest took place at the Indian Youth Congress (IYC) office on Raisina Road. Workers of the outfit raised slogans and criticised the BJP-led Centre over rising fuel and cooking gas prices despite falling international crude oil rates. "Under the Modi government, the economic health of the country is in a very bad shape. The price of petrol and diesel is high despite lower rates of crude oil in the international market. An LPG cylinder used to cost Rs 400 during the UPA government and today it has crossed Rs 1,000," a protester told PTI videos. IYC president Uday Bhanu Chib accused the Centre of burdening the people with higher prices to cover for its "economic mismanagement". "On one hand, Modi's friend Trump is slamming ...
Jet fuel, or ATF, price on Sunday was hiked by 1.45 per cent and rates of commercial LPG used in hotels and restaurants increased by Rs 16.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. The aviation turbine fuel (ATF) price was increased by Rs 1,318.12 per kilolitre, or 1.45 per cent, to Rs 91,856.84 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. This is the second straight monthly increase in jet fuel prices. Rates were increased by Rs 2,941.5 per kl (3.3 per cent) on November 1. That hike came after two rounds of reduction which had taken the rates to their lowest level this year. ATF price on October 1 was cut by 6.3 per cent (Rs 5,883 per kl) and by Rs 4,495.5 per kl, or 4.58 per cent on September 1. The ATF price in Mumbai was increased to Rs 85,861.02 per kl on Sunday from Rs 84,642.91 previously. Oil firms also increased the price of commercial LPG b
Commercial vehicle owners in Mizoram have decided to go on an indefinite strike from October 23 demanding reduction in prices of fuel. The price of petrol has been hiked from Rs 93.93 to Rs 99.24 per litre, while the diesel rate has been increased to Rs 88.02 from Rs 82.62 for a litre from September 1. The Mizoram government, after a cabinet meeting, on October 17 announced it would not roll back the hike in fuel prices. Protesting the decision, 11 commercial vehicle owners' associations on Saturday called for the indefinite strike. Initially, the commercial vehicle owners had decided to go on an indefinite strike from October 14 but withdrew their plan after Chief Minister Lalduhoma requested them to be patient and wait till the cabinet meeting on October 16. A statement issued by Mizoram Commercial Vehicle Union (MCVU) said that the meeting of the union held on Saturday decided that all commercial vehicles will remain off the roads for an indefinite period from October 23 as the