Steep fuel price hikes spark uproar in Parliament
The Hindu
Increase to add up to ₹9 to ₹12 per litre of diesel and petrol; LPG cylinder up by ₹50
After a four and a half month freeze on fuel prices in the run up to five State Assembly elections, India’s oil marketing companies began recovering the higher crude oil costs that have prevailed in recent months on Tuesday, with an 80 paise hike per litre in retail prices for petrol and diesel, along with a ₹50 increase in domestic cooking gas prices.
Both Houses of Parliament were disrupted with Opposition members demanding a roll back of the hikes and walking out from Lok Sabha, and Rajya Sabha proceedings marred by protests by members who also trooped into the well of the House, demanding a discussion on the issue.
Economists expect the gradual fuel price hikes to add up to anywhere between ₹9 to ₹12 per litre of diesel and petrol, which could go up to as much as ₹20 a litre if the average global crude oil price rises to $110-120.
Such hikes would undo the excise duty cuts announced by the government in early November 2021 and push retail prices past the ₹100 per litre mark for both fuels. The price hikes are expected to feed into retail inflation that has already been over the 6% mark in the past two months, pinching households and denting consumption further.
Petrol and diesel prices were last revised in November 2021, though crude oil prices surged by nearly $30 a barrel since then, soaring even higher than $100 a barrel, following the invasion of Ukraine by Russia. Domestic cooking gas prices have been unchanged since October 2021.
According to PTI, petrol in Delhi will now cost ₹96.21 per litre as against ₹95.41 previously while diesel rates have gone up from ₹86.67 per litre to ₹87.47. The price of a non-subsidised LPG cylinder has been increased to ₹949.50 for each 14.2-kg bottle in Delhi.
Amazon said it held discussions with some vendors about adjusting costs to reflect the reduction in tariff rates
PFRDA seeks tax neutrality across all NPS payout plans to enhance customer choice and meet diverse pension needs.
Garuda Aerospace and BEL sign MoU to collaborate on supplying advanced drones for India's Defence Forces and security agencies.
Stock markets remain flat amid volatility, with foreign investors selling off equities while domestic buyers show activity.
Microsoft said Tuesday it will shoulder the full electricity costs of its US data centres to prevent American households from facing higher power bills driven by surging AI
The GPU sector is dominated by Nvidia, now the world's most valuable company thanks to frenzied global demand and optimism for AI.
1.2L Turbocharged iTurbo Revotron engine and a twin-cylinder iCNG technology paired with an AMT gearbox.
The Passenger Vehicle PV) segment clocked its highest-ever sales in a calendar year 2025 (CY25) at 44.90 lakh units, growing 5% Year on Year (YoY) driven by Q3 offtake, according to the data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.
Human + AI will define the future of work and nearly all HR leaders (97%) anticipate that by 2027, the nature of work will be shaped by humans working alongside AI rather than engaging with it only intermittently, said a Nasscom study conducted in association with Indeed, a US-based job site.
Central bankers express unity with Fed Chair Powell, emphasizing the importance of central bank independence amid political pressures.
Rice exporters urge India's Commerce Ministry for assistance in clearing payments amid Iran's civil unrest impacting trade.
PFRDA forms an expert committee to create a framework for assured payouts under the National Pension Scheme (NPS).
Petroleum Minister Hardeep Puri discusses LNG, LPG, and green hydrogen cooperation with British Columbia's Premier to enhance India-Canada energy partnership.