Adressing an event in Kolkata, the Chief Minister flagged the hike in LPG cylinder prices and raised concerns over new booking guidelines requiring consumers to book gas 21 days in advance.
Global crude oil prices could climb to around USD 120 per barrel if the conflict in West Asia continues for a prolonged period, said Manoranjan Sharma, Chief Economist at Infomerics Ratings, warning that an extended geopolitical crisis could significantly disrupt global economic calculations
PM Modi said that this initiative reflects our commitment to ensuring that every citizen has access to quality medicines at affordable prices. Through Jan Aushadhi Kendras, countless families are saving on healthcare expenses and receiving proper treatment, Modi added.
Tensions involving Iran, Israel and the US have disrupted cross-border trade, causing fuel and food shortages in Pakistan's Balochistan border districts. Markets in Gwadar, Kech and nearby areas are witnessing sharp price hikes as Iranian exports decline, raising concerns over worsening supp
Chairperson of Congress' Media and Publicity Department, Pawan Khera, on Saturday slammed Petroleum and Natural Gas Minister Hardeep Singh Puri over the hike in the prices of LPG cylinders.
Speaking to ANI, Raj remarked, "Till yesterday, there was news that there is no LPG crisis here. Then how did the prices increase?... The prosperity of this country seems difficult now. People have become 'Andhabhakts'."
Crude oil prices shot up sharply, reportedly after the US President Donald Trump sought what he called "unconditional surrender" from Iran, intensifying worries about a prolonged conflict that could disrupt global energy supplies.
Scott Bessent, the US Treasury Secretary, yet again said that the United States has given India the "permission" to accept Russian oil in the wake of the developing security situation in West Asia.
The Government of Pakistan has announced a sharp hike in the prices of petrol and diesel by PKR 55 per litre, in the wake of the escalating security situation in West Asia, as per a report by ARY News.
US Energy Secretary Chris Wright on Friday said that Washington's decision on issuing a 30-day waiver to India to purchase certain Russian oil supplies is part of "short-term measures" aimed at keeping global oil prices under control amid supply pressures linked to tensions in the Middle
The report noted, "If the crisis persists, it could have material implications for the exchange rate and the current account deficit and could stoke inflationary pressures."
A 10 per cent increase in global oil prices is estimated to have a direct impact of approximately 0.7-1 per cent on India's Wholesale Price Index (WPI). According to a report by Bank of Baroda on the Middle East crisis, the overall effect could reach a 1 per cent increase in WPI inflation wh