New Delhi: The Union finance ministry on Friday imposed an export duty on petrol of ₹3 per litre, showed a notification from the department of revenue. However, it lowered the…
Category: Economy
Fuel supply delays hit BPCL, HPCL outlets amid panic buying fears
New Delhi: Petrol pump dealers across several states said state-run fuel retailers Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) are supplying lower-than-ordered quantities of petrol and…
India’s April trade deficit widens to $28.38 billion
India’s merchandise trade deficit widened in April. The gap between merchandise imports and exports was $28.38 billion last month, according to provisional estimates released by the ministry of commerce and…
Days after state polls, OMCs raise petrol, diesel prices by ₹3 a litre
New Delhi: After over two years of putting prices on hold, state-run oil marketing companies (OMCs) on Friday raised prices of petrol and diesel around ₹3 and a litre. The…
Donald Trump meeting with Xi Jinping in China steadies oil markets amid fresh Gulf attacks
New Delhi: Global oil markets remained relatively calm on Thursday as US President Donald Trump and Chinese President Xi Jinping amid expectations of a diplomatic breakthrough in the West Asia…
Rising UAE gold flows draw attention amid austerity push
India’s gold imports from the United Arab Emirates (UAE) under the 2022 trade agreement are drawing fresh attention amid India’s push to curb bullion imports to conserve foreign reserves. Gems…
Behind India’s abrupt sugar export ban, a worry over sufficient stocks
India on Wednesday banned exports of raw, white and refined sugar till 30 September 2026, marking a sharp shift from the earlier “restricted” export regime to a “prohibited” category. However,…
Wholesale inflation surges to 42-month high of 8.3% in April on crude spike
New Delhi: India’s wholesale inflation surged to a 42-month high of 8.3% in April from 3.88% in March, driven by a sharp rise in fuel, crude petroleum and manufactured product…
Kevin Warsh confirmed by Senate as 17th Federal Reserve chair
Kevin Warsh was approved by the Senate as the next chair of the Federal Reserve on Wednesday afternoon, inheriting an economy reckoning with persistent inflation and an increasingly divided group…
Oil prices subdued, investors await outcome of Trump-Xi meet
Global oil prices traded flat on Thursday morning ahead of the much-anticipated meeting between the US and Chinese presidents in Beijing. At 7:40 am, the July contract of Brent on…