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Mint An analysis published on 19 May by Venugopal Garre and Nikhil Arela of Bernstein, a global brokerage, said that the price increases by OMCs so far are the second-lowest among the previous hike cycles. During the 2022 energy crisis,...
Should India tighten capital controls in response to its dollar crunch? Not unless the country faces a dire emergency. That’s a key lesson from the ‘taper tantrum’ crisis of 2013. In an oped for Hindustan Times, Duvvuri Subbarao, who was the...
Because oil marketing companies (OMCs)—Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd— are still making losses on petrol and diesel sales. Crude prices have topped $100 a barrel from around $70 before the...
Over the week, petrol and diesel prices have been hiked by nearly ₹4 per litre. With crude still at over $100 a barrel and no end in sight to the West Asia war, some analysts say fuel prices must go ₹11-14 higher to cover retailer losses. breaks...
As the [financial services] sector evolves, institutions with diversified platforms, strong governance and technology-led execution are increasingly shaping the trajectory of growth.
With the total cost of owning a petrol or diesel vehicle rising, there is an expectation that electric vehicle (EV) sales will increase in the coming months. There are already signs of an uptick, with two-wheeler EV penetration at 7.8% in...
Fuel price hikes are likely to push up broader inflation. If oil prices average $100 a barrel this fiscal year, inflation will likely touch 5% (it was 3.48% in April). This will hit household savings and consumer sentiment. With lesser...
