The wholesale inflation declined in the month of November. The food inflation also eased this month mainly due to the reduction in the prices of the vegetables. However, potato prices continue to be high.
The reduction in wholesale inflation is attributed to a drop in prices of key commodities, including food and fuel. Lower input costs and decreased demand pressures have contributed to the cooling of inflationary trends.
Additional Secretary of Food and Civil Supplies Department, Nirmal Adhikari said, "In view of the supply constraint of petrol and diesel due to disruption in goods train movement to the state, it has been decided to impose restriction on sale of fuel – petrol and diesel in the state from May 1.
In another attack at the Grand Old Party, former Madhya Pradesh chief minister Shivraj Singh Chouhan said that not democracy but the Congress party is in danger of ‘disappearing into oblivion’.
The total consumption rose 6.2 per cent from 18.89 million metric tonnes in November compared to a growth of about 2.6 per cent in the same period a year earlier.
Chaos ensued at several fuel stations in Chandigarh due to the heavy rush of vehicles. On a few roads, motorcyclists were seen dragging their bikes that had run out of fuel. Minor incidents of arguments also broke out in some places.
Truckers held protests against the provision in the new penal law on hit-and-run law road accident cases in various parts of the country affecting the movement of trucks and private bus operators.
Ethanol is an organic compound that is produced from biomass. The reason why ethanol is blended with petrol is that it reduces vehicular emissions.
India's fuel demand hit a 24-year high in February, with consumption rising by more than 5% to 4.82 million barrels per day, its 15th consecutive year-on-year rise, data showed, boosted by cheap Russian oil imports, profitable refining, and robust domestic consumption.
The Shehbaz Sharif government is likely to further increase petrol prices in the country. The new prices may be effective from February 16.
Waiting for the International Monetary Fund (IMF) bailout for the 9th time, the price of one litre of milk in Pakistan is currently PKR 210, Rs 20 up from 190 per litre last week.
The video went viral online and social media users were extremely angry at the man's rude behaviour.
Pakistan economic crisis: Not just with foreign exchange reserves, Pakistan is also dealing with a depreciating value of its currency against the dollar which is rising the cost of imports, especially fuel, and food.
As the Union Government prepares to present the annual budget, the cost of items such as fuel, gold, and luxury items are likely to see an increase in price.
COP27 draft encourages "the continued efforts to accelerate measures towards the phase down of unabated coal power and phase out and rationalize inefficient fossil fuel subsidies.
Industry sources said the ending of extended monsoon rains in most parts of the country and a pick up in agriculture season led to a rise in diesel demand.
Windfall tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000, a move that will hit producers like ONGC and Vedanta Ltd.
Local media reported that Rajapaksa instructed several officials to carry out the distribution of gas as the first ship arrives at Kerawalapitiya this afternoon (July 10).
A decision to reduce VAT on fuel will be taken in the state cabinet, Shinde informed the House, while replying to a debate after he won the floor test.
Surendra Singh, a petrol pump operator here in Vikasnagar, said that since past few days, there is a lot of problem in availibilty of petrol and diesel as the oil companies are supplying it in three days.
Top News
Latest News
