Fuel Prices

Fuel prices to be reviewed based on crude oil supply: Suresh Gopi

Union Minister of State for Petroleum and Natural Gas Suresh Gopi on Sunday said fuel prices would be reviewed based on the availability of crude oil supplies. Replying to reporters' questions on a possible revision in fuel prices, Gopi said the situation would be assessed based on crude oil supplies. "Let us see the supply of crude oil. We have the minister concerned, Hardeep Singh Puri. Let it come," he said. He also asked reporters whether they had the role of a supervisory ministry. Fuel prices, including petrol, diesel and LPG, have witnessed hikes in recent weeks. The increase followed disruptions in crude oil and natural gas supplies linked to the ongoing conflict in West Asia. PTI TBA.

Ethanol Gambit: E85 push must be matched by a long-term transport strategy

Every increase in ethanol content requires engineering changes, recalibrating engines, testing, certification, and modifications to components exposed to fuel

OMC underrecoveries for diesel at ₹30 per litre, petrol at ₹6 per litre

State-run oil firms continue to face financial pressure from subsidised LPG sales, even as recent fuel price hikes have sharply reduced under-recoveries on petrol and diesel

Fuel, LPG price hikes a war fallout, PM handled it effectively: Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Sunday rejected the Opposition's criticism over fuel and gas price hike, attributing the fluctuation in rates to the Iran-US conflict. He said Prime Minister Narendra Modi has deftly handled the situation and taken steps to contain fuel costs even as petrol, diesel and gas prices skyrocketed in other countries. The Opposition has criticised the Central government over the rise in prices of essential commodities. Earlier in the day, NCP (SP) chief Sharad Pawar said the government would pay a "political price" as frequent hikes in essential commodities were burdening the common man. "The whole world knows the situation of war, and no country remains untouched. In every country, petrol, diesel and gas prices are high. In India, the Prime Minister has done a lot to contain the prices. I feel that as long as the war situation remains like this, some things will continue, but we have also seen before that prices had fallen, so when demand a

Hardeep Puri launches E85 fuel; to be 20% cheaper than E20 petrol

E85 fuel will initially be available at 48 outlets and is planned to reach 5,000 retail pumps by December 2027, supporting higher ethanol blending levels

India's fuel demand outlook hit by price hikes, slowing industrial activity

State retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum implemented four rounds of price hikes ‌since mid-May after holding off earlier due to elections

Fuelling the new normal: The high cost of insulating India's fuel users

India is bearing a high cost to insulate motorists, kitchens and flyers from large-scale disruptions in fuel supply

Fuel price hikes could add up to 48 bps to inflation, warns Crisil

Crisil said cumulative increases in petrol and diesel prices could approach Rs 10 per litre, raising transport costs and exerting upward pressure on both food and core inflation

Fuel price rise drives spike in electric vehicle penetration in May

Rising fuel prices and the Strait of Hormuz disruption push EV adoption higher, with electric two-wheeler penetration crossing 9% in May

Weekly economy wrap: Fuel costs and trade talks drive policy week

From fuel costs to cotton duty relief and mining reforms, the week showed how global volatility is shaping India's inflation and trade response

Indian airlines urge oil firms to defer jet fuel price hike amid Iran war

The proposal floated by airlines including Air India Ltd., IndiGo and SpiceJet Ltd. is being considered by the refiners

Fuel price hikes, weak monsoon may push up retail inflation: Finance Ministry

The duration of the Strait of Hormuz disruption remains the 'single most consequential variable' for India's external and price outlook, the report said

Mumbai CNG price hiked by ₹2 to ₹86/kg amid West Asia supply disruptions

MGL has increased CNG prices across the Mumbai Metropolitan Region for the second time this month amid rising energy costs and supply concerns linked to global market disruptions

Best of BS Opinion: Quad relevance, fuel pricing, and a Cockroach Party

From the implications of warming US-China ties and the future of the Quad to fuel-pricing reforms, SpaceX governance and youth discontent, here are today's key opinion pieces

Lingering geopolitical tensions may hit loan portfolios: RBI report

RBI warned that the West Asia conflict, rising energy prices and monsoon risks could weigh on India's growth and inflation outlook in the short term

Food, personal care products may get costlier as input costs rise: Report

The report said companies have already increased prices by around 3 per cent to 7 per cent over the past one to two months after their raw material basket costs climbed nearly 10 per cent on average

Air india to reduce domestic flights by 22% as high fuel prices bite

Air India will reduce up to 22 per cent of its domestic flights amid rising operational costs due to high fuel prices, according to sources. The loss-making airline, which is facing financial headwinds, has reduced international flights by around 27 per cent, the sources said. Air India operates around 4,400 weekly flights. Out of them, about 3,600 are domestic and 800 are international services. "In continuation of our previously announced adjustments to select international services between June and August 2026, we have temporarily rationalised operations on certain domestic routes during the same period, with a reduction in frequencies on select routes," Air India said in a statement on Wednesday. Sources said 20-22 per cent of the domestic flights would be reduced. The airline said these adjustments are driven by the sustained impact of high fuel prices on overall operations. "Air India will continue to monitor demand and operating conditions closely, with a view to restoring

CNG price in Delhi raised by ₹2 to ₹83.09 per kg, fourth hike since May 15

Following the latest revision, CNG prices in Noida, Greater Noida, and Ghaziabad stand at ₹88.70 per kg, while rates in Mumbai are at ₹84 per kg

Petrol, diesel prices raised for fourth time in less than two weeks

Fuel prices were raised by ₹2.61-2.71 per litre as oil marketing companies continue to face mounting losses amid elevated global crude oil prices

India likely to see 7% fall in June domestic flights as costs rise

Rising fuel prices and rupee depreciation linked to the West Asia conflict are forcing Indian airlines to cut domestic flight operations in June