"fuel-prices"

A Bank of Baroda Research report warns of an 80 per cent probability of El Niño during June-August, raising concerns over food inflation. Despite healthy reservoir levels and adequate vegetable supplies, higher fuel costs and weather uncertainties could push inflation higher in FY27

A new research report warns of a high probability of an El Niño event through November, raising concerns over food inflation in India. Despite healthy reservoir levels and vegetable supplies, higher fuel costs and weather uncertainties could push inflation to 5.2–5.5% in FY27 

The Petroleum Ministry said PSU oil companies are absorbing Rs 550 crore in daily losses by not fully passing global fuel price hikes to consumers. The government also warned against diversion of retail fuel supplies and assured adequate petrol and diesel availability nationwide

Air India operates around 4,400 weekly flights. Out of them, about 3,600 are domestic, and 800 are international services

Finance Minister Nirmala Sitharaman said the government sacrificed over Rs 1 lakh crore annually through fuel excise cuts to cushion consumers from inflation, while defending recent petrol and diesel price hikes as market-driven revisions caused by surging global crude oil prices amid the West Asia conflict

Fuel prices in Hyderabad increased again on Monday following the fourth hike in petrol and diesel rates across the country. Petrol is now priced at Rs 115.62 per litre, while diesel costs Rs 103.76 per litre in the city

Nirmala Sitharaman said the West Asia crisis could raise fuel and shipping costs for common people and businesses as petrol and diesel prices rose again. She added the government sacrificed Rs 1 lakh crore in revenue through excise duty cuts

Petrol and diesel prices were increased again across India, taking cumulative hikes to nearly Rs 7.5 per litre within two weeks, as rising crude oil prices, weaker rupee and global tensions pushed import and refining costs higher.

According to HPCL, petrol supplies in Rajasthan increased 19 per cent between May 1 and May 20 compared to historical sales, while diesel supplies rose 24.5 per cent during the same period

Rahul Gandhi accused Prime Minister Narendra Modi of compromising India’s interests to protect industrialist Gautam Adani and alleged US pressure over the Adani case. Speaking in Raebareli, Gandhi also criticised rising inflation, fuel prices, and unemployment

The Delhi government reduced VAT on aviation turbine fuel from 25% to 7% to support airlines and passengers amid global fuel uncertainty linked to the West Asia conflict. The decision was approved during a Cabinet meeting chaired by Chief Minister Rekha Gupta

Transport Minister Ponnam Prabhakar accused the BJP-led Centre of misleading people by raising fuel prices soon after Assembly elections in four States. He said the government had assured voters there would be no hike, but reversed its stance once results were declared, citing the West Asia conflict as justification.

The Indian National Congress attacked Narendra Modi over his appeal for austerity measures amid the West Asia conflict, calling it proof of economic failure. Rahul Gandhi and Mallikarjun Kharge accused the government of shifting responsibility onto citizens after years of mismanagement

The PIB Fact Check unit dismissed as fake a viral social media message claiming a sharp increase in petrol and diesel prices. The government clarified that no such order had been issued and assured adequate fuel availability despite global energy market volatility

State-owned oil companies are incurring losses of Rs 18 per litre on petrol and Rs 35 on diesel as fuel prices remain unchanged despite rising crude costs. The losses may lead to price hikes after upcoming state elections

The government cut excise duty on petrol and diesel by Rs 10 per litre to ease global oil price pressures, while assuring adequate fuel supplies and dismissing shortage fears amid the ongoing Middle East crisis.

An explosion at a Valero Energy refinery in Port Arthur sent thick smoke into the air, prompting shelter-in-place orders. No injuries were reported, while authorities monitored air quality amid concerns over rising fuel prices and global oil supply disruptions

Leader of Opposition Rahul Gandhi alleged that the government is avoiding a discussion in Parliament on the West Asia crisis as it would expose Prime Minister Narendra Modi. Opposition parties have demanded a debate citing concerns over fuel prices and economic impact

Cheaper food and fuel prices drive down wholesale and retail inflation; RBI projects CPI at 3.1 per cent for 2025–26

Wholesale inflation fell to 0.39% in May due to lower food and fuel prices. However, rising crude oil prices and monsoon delays may push inflation up slightly in June. Retail inflation remains low, supporting RBI’s recent interest rate cut