Topic
fuel costs
Commodities Brent Drops Below $80/Barrel: Relief for Indian Consumers and Government Finances
Brent crude fell under $80 per barrel for the first time in three months, providing relief to Indian consumers and the government. Analysts from Crisil, HDFC Bank, and Bank of Baroda discuss implications for inflation, fiscal deficit, and oil marketing company losses.
Business India inflation likely rose to 4% in May as food, fuel costs climb
A Reuters poll of 38 economists forecasts India's consumer price inflation rose to 4.0% in May, up from 3.48% in April, driven by rising vegetable prices and four fuel price hikes by state-owned retailers. The Reserve Bank of India kept rates unchanged last week, but raised its inflation forecast for the fiscal year to 5.1%. Economists warn that wholesale price inflation, which accelerated to a 3-1/2-year high of 8.3% in April, will feed through to consumer prices gradually.
Logistics Air Freight Costs Rise as ATF Prices Increase by 10%
Air freight costs are expected to rise following a 10% increase in aviation turbine fuel (ATF) prices by oil marketing companies. The new price-stabilisation regime will freeze ATF prices at Rs 115 per litre for three years, affecting domestic and international flights of Indian carriers.
Commodities Ethanol Prices and Flex Fuel Vehicles: A Market Shift
Ethanol demand is poised to rise as India reduces the cost of high-ethanol blended fuels and flex fuel vehicles. The government's efforts to cut GST rates and promote FFVs aim to decrease crude oil imports.
Trade India Allocates Rs 10k Crore to Stabilize Jet Fuel Prices
The Indian government has allocated Rs 10,000 crore to cap aviation turbine fuel prices, aiming to stabilize airfares amid volatile fuel costs. This initiative, effective for 36 months, seeks to support Indian airlines during the West Asia crisis.