Page 6 - Fuel Prices

Global stocks down after strong US jobs data fuels rate hike fears

Global stock markets declined Wednesday after strong US jobs data fuelled expectations of more interest rate hikes and Chinese manufacturing activity weakened. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong declined. Oil prices lost more than USD 1 per barrel. US government data Tuesday showed there were two jobs for every unemployed person in July, giving ammunition to Federal Reserve officials who argue the economy can tolerate more rate hikes to tame inflation that is at multi-decade highs. Some investors had hoped the Fed would back off due to signs economic activity is cooling. The jobs data supported the argument for the Fed to stick to an aggressive stance, Edward Moya of Oanda said in a report. In early trading, the FTSE 100 in London fell 0.6 per cent to 7,319.62 and the DAX in Frankfurt shed 0.4 per cent to 12,913.41. The CAC 40 in Paris fell 0.5 per cent to 6,178.78. On Wall Street, futures for the benchmark S&P 500 index and the Dow Jones Industrial .

Inflation hits 9.1% in countries using euro currency as fuel prices soar

Inflation in the European countries using the euro currency hit another record in August, fuelled by soaring energy prices mainly driven by Russia's war in Ukraine. Annual inflation in the eurozone's 19 countries rose to 9.1% in August, up from 8.9% in July, according to the latest figures released Wednesday by the European Union statistics agency. Inflation is at the highest levels since record-keeping for the euro began in 1997. Energy prices surged 38.3%, while food prices rose 10.6%. Prices for goods were up 5% and the cost of services rose 3.8%.

Fuel price: What is windfall gain tax and how it affects fuel prices?

What is windfall gain tax? How does it impact petrol-diesel prices? Which countries impose it? Read this detailed article to know everything about fuel and its relation to windfall gain tax

India's July WPI inflation eases to 13.93% as food, fuel prices decline

Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021

Walmart expects smaller profit drop in 2022 as discounts drive demand

The retailer spooked markets across the globe last month when it slashed its profit forecast and warned that consumers were pulling back on discretionary purchases at a far greater pace than feared

Fuel prices today: Check the prices of petrol, diesel in your city

Crude oil showed a declining trend, and prices are still stable in India. Petrol in Delhi is available at Rs 96.72, while Mumbai is selling at Rs 106.31 per litre. Check out fuel rates in your city

Over 5.5 mn vehicles registered with Sri Lanka's fuel quota system

Over 5.5 million vehicles have been registered with Sri Lanka's national fuel pass or QR code system, Minister of Power and Energy Kanchana Wijesekera said

Bangladesh planning staggered factory holidays to ease power crunch

The proposal involves asking factories to choose different days off instead of all of them remaining closed only on Friday, Bangladesh Minister for Power and Energy Nasrul Hamid said

Politics heats up as Congress, and BJP go head-to-head

Public can't be blamed for being wary of the current Congress protests against price rise and unemployment. They have too closely tailed protests directed against ED summons to Sonia and Rahul Gandhi

BPCL Q1 net loss at Rs 6,291 cr on holding fuel prices despite rise in cost

Net loss of Rs 6,290.8 crore in April-June compared with Rs 3,192.58 crore in the same period a year back, the company said in a statement.

Bangladesh hikes fuel prices to highest levels since independence

Bangladesh's retail fuel prices have been hiked to levels not seen since the country's independence in 1971

Keeping Europe warm this winter will come down to Asia's weather amid war

The Asian countries, among the world's biggest importers of liquefied natural gas and seaborne coal, all share a peak heating demand season during the winter with Europe

IndiGo stock may reach for the skies soon if fuel prices cool off: Analysts

InterGlobe Aviation Q1: A strong revival in air passenger traffic going ahead, coupled with better cost management, and network (route) expansion may support IndiGo's profitability in the medium term

Why discounted Russian crude oil hasn't cooled retail fuel prices

Russian crude oil, which was less than 1 per cent of imports prior to Russia's invasion of Ukraine in February, rose to 8 per cent of India's crude oil import volume in April

Fuel prices today: Check the prices of petrol, diesel in your city

Crude oil prices have been showing an upward trend globally, indicating a slight weakness in the US dollar

Oil extends losing streak on fears Fed hike will dampen fuel demand

Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in US interest rates would weaken fuel demand

UltraTech profit falls 7% due to increased fuel and power costs hit

It still beat Q1 estimates despite decline on both YoY and sequential bases

Levy on fuel exports slashed; govt exempts SEZs from windfall tax

Move to benefit RIL, ONGC and Oil India

Economic crisis-hit Sri Lanka lowers fuel prices, first since Feb

Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) on Sunday reduced the diesel and petrol retail prices, the first decrease after five hikes since February

Pak PM Shehbaz Sharif slashes fuel prices after 4 rounds of massive hike

Pakistan Prime Minister Shehbaz Sharif on Thursday slashed the price of petrol by PKR 18.50 per litre and diesel by PKR 40.54 per litre respectively, a move that comes after 4 rounds of massive hike