Fuel Prices Hiked by 90 Paise Per Litre Across India
Petrol and diesel prices in India have increased by around 90 paise per litre, the second hike in a week, driven by rising global crude oil prices due to West Asia tensions.
Category : Economy
Sensex Rises 126 Points, Nifty Above 23,650 on Oil Drop
Indian stock markets opened higher on Tuesday with Sensex up 126 points and Nifty above 23,650, driven by cooling crude oil prices and positive global cues.
Fertiliser Subsidy May Rise by Rs 70,000 Crore to Rs 2.4 Lakh Crore
India's fertiliser subsidy bill for 2026-27 may increase by Rs 70,000 crore to Rs 2.4 lakh crore due to rising import costs amid the West Asia crisis. Officials assure sufficient stocks for Kharif crops.
Fuel Price Hike May Raise Public Transport Fares in Pune
Following recent fuel price hikes, public transport in Pune may become costlier as MSRTC, private bus operators, and auto unions consider fare revisions.
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Tender Coconut Prices Soar in Pune Due to Low Supply and High Demand
Tender coconut prices in Pune have surged to Rs 90-100 per piece due to lower availability, high demand, and recent diesel price hikes. Vendors expect further increases.
Pune's Ramtekdi Plant to Generate Electricity by June-End
After eight years of delay, Pune's Ramtekdi waste-to-energy plant is expected to start electricity generation by June-end. PMC officials expedite work amid criticism over wasted funds.
Bailey Bridge Work Starts on Collapsed Vikramshila Setu
BRO and MES teams have started building a temporary Bailey bridge on the collapsed Vikramshila Setu in Bhagalpur to restore light vehicle movement across the Ganga river.
MSRTC Fare Hike Likely Due to Diesel Price Rise
MSRTC chairman Pratap Sarnaik said a fare hike proposal is under consideration due to rising diesel costs, with an additional burden of Rs 124 crore annually. No immediate hike, but a proposal will be submitted to authorities.
India Aims for USD 1 Trillion Exports This Year, USD 2 Trillion by 2028
Commerce Minister Piyush Goyal announced India's ambitious export targets: USD 1 trillion this fiscal year and USD 2 trillion within five years, driven by trade agreements and manufacturing boost.
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India's CAD May Widen to 2.3% of GDP by FY27: HSBC
HSBC projects India's current account deficit to widen to 2.3% of GDP in FY27 from 0.9% in FY26, citing elevated oil prices and external pressures. The balance of payments deficit is also expected to increase.
India to Keep Buying Russian Oil Despite US Waiver Status
India has clarified it will continue purchasing crude oil from Russia based on commercial considerations, irrespective of any US sanctions waiver. The statement comes amid reports that India sought an extension of the waiver.
Silver Futures Drop to Rs 2.7 Lakh/kg on Oil Rally
Silver futures fell nearly 1% to Rs 2,70,054 per kg on MCX, extending losses for the third session amid rising oil prices fueling inflation concerns.
Rupee Hits All-Time Low of 96.20 Amid Middle East Tensions
The Indian rupee opened at a record low of 96.20 against the US dollar on Monday, as the Middle East conflict and rising oil prices continue to pressure markets. The currency has fallen 5.5% since the crisis began.
Fuel Hike: Politics Meets Economics, Timely Action Needed
The impact of oil price hikes can be moderated with timely decisions and transparency. This editorial examines the intersection of politics and economics in fuel pricing.
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War Impact: Middle Class, Low Income Indians Face Rising Costs
The war has hit low and middle income Indians hard, raising costs of milk, ACs, gold, and more. Companies pass on price hikes, fuel inflation looms.
PM Modi's Call Reshapes India's Travel Demand
Prime Minister Modi's appeal to prioritize domestic travel has shifted India's tourism demand, with many deferring overseas trips due to costs and safety concerns.
Maharashtra Onion Farmers Hit Hard as Prices Plunge
Maharashtra onion farmers face severe losses as wholesale prices crash below production costs due to bumper arrivals, weak demand, export disruptions, and rain damage. Farmers demand MSP and compensation.
Fuel Hike Puts Bengaluru's Gig Economy on Edge
Autorickshaw unions and ride-hailing driver groups in Bengaluru plan meetings with platforms to demand fare revisions and better fuel compensation amid rising petrol prices.
Tamil Nadu's $1.5 Trillion Goal Faces Fiscal Hurdles
Tamil Nadu's new government aims for a $1.5 trillion economy by 2036 but faces fiscal strain from weak revenue, debt, and reliance on liquor and property taxes.
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Let the Rupee Do Its Work: Market Forces Should Guide Currency
India should allow the rupee to depreciate naturally to boost exports and manage trade deficits, rather than intervening to prop it up artificially, argue economists.
DK Bus Operators Mull Fare Hike Amid Rising Costs
Dakshina Kannada Bus Operators' Association is considering a fare hike after a Rs 3/litre fuel price rise. Diesel, maintenance costs, and taxes burden operators. They seek govt support to avoid fare increase.
Dalal Street Braces for Volatile Week on US-Iran Tensions
Indian stock markets likely to remain volatile as US-Iran conflict, falling rupee, crude oil prices, and FII activity weigh on investor sentiment. Key triggers include geopolitics, inflation, and earnings.
LPG Carrier Symi Docks at Kandla Amid Middle East Crisis
The LPG carrier Symi, carrying 20,000 tonnes of propane and butane, docked at Deendayal Port in Kandla after crossing the Strait of Hormuz, amid ongoing Middle East tensions affecting global energy supplies.
Odisha Fuel Scarcity: Govt Promises Normalcy by Monday
Fuel scarcity in Odisha has impacted livelihoods, with the state government assuring normalisation by Monday due to supply chain constraints and sudden demand spikes.
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India's Demand Push Could Build $37.8B Forex Shield
India's demand-side measures may create a $37.8 billion forex buffer as high oil prices pose fiscal risks, according to Brickwork Ratings.
Chennai Libraries Host Summer Activities for Children
Chennai's public libraries are hosting summer outreach programmes with yoga, board games, and reading sessions to engage children without screen time, attracting over 500 participants.
Pune warehouse rents rise 6% in Q1 on manufacturing demand
Average warehouse rents in Pune rose 6% in Q1 2026 to Rs 28.5/sqft, driven by manufacturing demand. Transaction volumes fell to 20 lakh sqft due to supply constraints.
Assam Drug Dealers Oppose May 20 Pharmacy Shutdown
The Assam Drug Dealers’ Association opposes the nationwide pharmacy shutdown called for May 20, warning it will harm patients and disrupt healthcare services across the state.
Himachal targets 1 lakh more farmers in Him Parivar Register
Himachal Pradesh aims to link 1 lakh additional farmers to the Him Parivar Register for direct benefit transfers, with 70,000 already enrolled. CM Sukhu pushes for expanded MSP coverage and natural farming growth.
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PM Modi Invites Dutch Firms to Design, Innovate in India
Prime Minister Narendra Modi invited Dutch companies to design, innovate, and manufacture in India, highlighting the country's growth potential and ease of doing business.
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