Crude surge likely to upset govt math, fuel inflation

The surge in oil prices in the wake of Russia-Ukraine conflict has the potential to upset the government math, which will inhibit its ability to pump-prime economic recovery, and raise the cost of living for people. Global benchmark Brent crude spiked to $105 a barrel — breaching the $100-mark for the first time since August … Read more

No immediate consumer relief expected in petrol, diesel prices

Indian oil marketing companies are unlikely to provide immediate relief to consumers from high petrol and diesel prices. This, as the companies turned cautious about the recent developments that have pulled down crude oil prices and are waiting a bit longer to lower pump prices of auto fuels. Petrol was sold at Rs 103.97 a … Read more