Topic
fuel prices
Business US-Iran Conflict Drives India's Wholesale Inflation to 9.68% in May as Fuel, Food, Power Costs Surge
India's Wholesale Price Index (WPI) inflation surged to 9.68% in May from 8.26% in April, reflecting the economic impact of the US-Iran conflict. Fuel, power, food, and manufactured goods prices all rose sharply. The Reserve Bank of India has raised its inflation forecast for the current financial year to 5.1%.
Business India's Retail Inflation Quickens to 3.93% in May, Stays Below RBI Target for 16
India's retail inflation accelerated to 3.93% in May, driven by higher food and fuel prices, marking the highest reading under the revamped CPI series. Despite the rise, inflation has stayed below the RBI's 4% target for 16 straight months, giving policymakers room to support growth. However, risks from rising energy costs and a below-normal monsoon could complicate the outlook.
Logistics Diesel Prices Drop as Spot Demand Rises Amid Contract Failures
The average diesel price has dropped to $5.21 per gallon, marking a significant decrease. Meanwhile, RXO reports a rise in spot demand as contract routing guides fail, highlighting stress in traditional freight networks.
Commodities Diesel Prices Decline Amid Inventory Concerns
Diesel prices continue to decline, with the DOE/EIA reporting a drop to $5.21/gallon. Concerns about low inventory levels and potential export bans are influencing market dynamics.
Commodities Jet Fuel Prices Surge 10% Amid New Stabilisation Scheme
Jet fuel prices for domestic airlines in India have risen by 10% as state-owned oil companies implement a price stabilisation scheme. The plan allows airlines to lock in fuel rates for up to three years, aiming to mitigate the impact of global oil price volatility.
Logistics Airlines' Profits Plummet Amid Fuel Price Surge
Airlines are experiencing a significant profit downturn in 2026, with earnings nearly halved due to rising fuel costs and Middle East airspace disruptions. Despite strong passenger demand, operational costs are soaring.
Commodities Crude Oil Price Surge: Impact on Inflation and Transport Costs
Crude oil prices on the NYMEX have surged to $112 per barrel, impacting inflation and transport costs. Crisil warns of potential increases in CPI inflation by up to 48 basis points.
Logistics Transporters Urge Fuel Price Cut Amid Crude Oil Drop
The All India Motor & Goods Transport Association (AIMGTA) has called on the Indian government to reduce petrol and diesel prices following a drop in crude oil prices to $90 per barrel. This move aims to alleviate pressure on transport operators and reduce logistics costs.
Commodities India's Fuel Prices Steady Amid Global Oil Surge
India's fuel prices rose minimally by around 5% despite a global surge triggered by the West Asia crisis. Strategic excise duty cuts and limited pass-through helped mitigate the impact of rising crude oil costs.