Thursday, 29 September, 2022
TopicFuel prices

Topic: fuel prices

Domestic LPG cylinder price hiked by Rs 50, to cost Rs 1,053 in Delhi

The cylinder prices were last revised on 19 May. Rates for the 19-kg commercial cylinder have been cut by Rs 8.5 per unit effective Wednesday.

Not just supply snags, high energy prices also factor behind global ‘cost-of-living’ crisis

Global food prices surged by 28% in 2021 compared to year before — highest in a decade, according to UN estimates. By May 2022, food prices were 60% higher compared to 2020.

Modi govt’s steps to fight inflation will help, but there’s a risk of unintended consequences

The measures have been imposed to insulate the domestic market from higher international prices. But they could reduce incentives for producers to expand production in the long run.

Under fire for spiraling inflation, Modi govt announces excise duty cut on fuels, LPG subsidy

It has also decided to enhance the fertiliser subsidy for farmers, and reduce import duty on some raw materials. ‘It is always people first for us!’ tweets prime minister.

Covid review turns into political blame game as Modi ‘names & shames’ Oppn states for fuel taxes

PM Modi singled out Opposition-ruled states for doing ‘injustice’ to the people by not reducing fuel taxes. He also praised BJP-ruled states for following Centre’s recommendations.

A national consensus is needed on fuel taxes, not public finger-pointing

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How Vladimir Putin’s war ended India’s cheap natural gas dream

India’s domestic gas production is already tiny & it has shrunk by 40% over past nine years. Keeping that base narrow with unsustainable pricing wasn’t a financially prudent move.

More petrol, diesel excise duty cuts not expected as Modi govt sees crude prices stabilising

Officials say for fiscal calculations, govt assumes avg price of crude for 12 months, so no need for excise duty cut. Decision on Russia’s offer of crude supply in a few weeks.

Bad news for India’s economic recovery. Modi govt should cut fuel taxes after UP voting

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You think inflation is already high? Wait until petrol-diesel prices jump after elections

Consumers in India have enjoyed artificial respite from rising global prices since 4 November — crude has gone up by almost $14 a barrel — and oil companies need to make up for losses.

On Camera

YourTurn

TV channels said they are ‘Enemy No 1’ of PFI. Showed offices, flag, funding, even Osama

Republic TV’s Arnab Goswami was vehement: 'This is a battle for the real Indian identity, and therefore, ladies and gentlemen, the PFI must be destroyed.'
European Commission President Ursula von der Leyen and EU Foreign Policy Chief Josep Borrell address the media on the Ukraine crisis in Brussels, Belgium, on 28 September 2022 | Yves Herman/Reuters

Oil price cap to blacklistings — EU slaps new ‘biting’ sanctions on Russia over Ukraine

Ursula von der Leyen, who proposed the fresh sanctions said the European Union is 'determined' to make Russia pay the price for the further escalation with Ukraine.

Defence

File image of Lieutenant General Anil Chauhan Twitter@adgpi

Centre appoints ‘China expert’ Lt Gen Anil Chauhan as new CDS

Lt Gen Chauhan retired as the Eastern Army Commander on 31 May, 2021. Prior to that, he was the Director General of Military Operations during the Balakot air strike in 2019.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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