#energy-prices
Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis
COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in four years, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy …
Moody Warns High Energy Prices May Pressure Indian Corporate Credit Outlook
Elevated energy prices to weigh on near-term credit conditions of Indian cos: Moody's
Indian companies face near-term credit challenges due to high energy prices. Geopolitical risks and trade developments also shape the corporate landscape. While some sectors like capital goods and defence show strength, others like aviation and fertilisers fa…
Elevated energy prices to weigh on near-term credit conditions of Indian cos: Moody's
Moody's warns elevated energy prices and West Asia conflict may negatively impact near-term credit conditions for Indian corporates.
India RBI Dividend Trails Estimates, Clouds Deficit Goal
India’s central bank will transfer a record yet smaller-than-expected dividend to the government this year, limiting fiscal support as soaring energy prices put public finances under strain.
Markets to enter prolonged “drag phase,” not deep correction: Vikas Khemani
Market expert Vikas Khemani anticipates a consolidation phase for Indian equities rather than a sharp breakout, citing persistent global macro uncertainty and sticky energy prices. While corporate earnings have held steady, the full impact of global disruptio…
RBI not in favour of rate hikes to defend rupee, prioritises inflation, sources say
The stance puts policymakers at odds with market bets for tightening, even as the rupee slides to record lows on an energy-price shock linked to the Iran conflict
Wholesale inflation hits a 42-month high — but does it really spell bad news for your wallet?
India's wholesale inflation hit 8.3% in April, a 42-month high, mainly due to rising energy prices from the West Asia conflict. Experts note a weak correlation with consumer prices, suggesting retail inflation may not rise significantly despite the wholesale …
UK dilutes Russian oil sanctions amid fuel crisis
The UK has watered down sanctions on Russian oil products, allowing imports of diesel and jet fuel refined in third countries as energy prices surge amid the Middle East conflict
Governments worldwide shield households from rising energy costs
Nations globally are taking action to protect citizens from rising energy prices. Countries are introducing subsidies, tax cuts and fuel conservation measures. Some are increasing domestic production and seeking external financing in an effort to stabilize ma…
'Impact on India less due to good management, foresight': Harsh Vardhan Shringla on global energy challenges due to West Asia crisis
India's energy crisis impact remains limited. Rajya Sabha MP Harsh Vardhan Shringla credits the government's effective planning and timely intervention. Energy prices globally have surged significantly. India has cushioned this impact through diversification…
RBI set to pay government record dividend to cushion war shock
India's central bank plans to transfer nearly 3 trillion rupees to the government, bolstering finances amid rising energy prices.
India Set for Record Central Bank Dividend to Cushion War Shock
India’s central bank may transfer a record surplus of nearly 3 trillion rupees ($31.2 billion) this week to the government, economists estimated, providing Asia’s third-largest economy a vital buffer as the Iran war escalates energy prices.
GIFT Nifty jumps nearly 1% after reports of US relief on Iran oil sanctions
GIFT Nifty rallied nearly 1% after reports indicated possible temporary US sanctions relief on Iranian oil exports. Hopes of additional crude supply eased inflation and energy shock concerns, lifting investor sentiment despite ongoing geopolitical tensions, v…
High energy prices could derail Europe’s AI race with U.S. and China
Energy costs vary widely across Europe, creating clear winners and losers in attracting investment.
Indians growing anxious as Modi asks them to cut on fuel
With energy prices rising, India's Narendra Modi has urged his compatriots to embrace voluntary austerity and protect the economy from the Iran war fallout. But ordinary Indians say there are already at their limit.
CIL’s coal auction volumes dip 6% in April
The dip comes against the backdrop of ongoing geopolitical tensions in West Asia, a key oil-producing region, which have spiked global energy prices and prompted power plants to ramp up coal usage for energy security.
₹1,600-1,700 crore a day: Cost of insulating India from global energy shock
About ₹1,600-1,700 crore per day, over ₹1 lakh crore in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue be…
Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shock
State-owned oil firms are incurring massive daily losses, estimated at Rs 1,600-1,700 crore, to shield Indian consumers from global energy price shocks. This has led to over Rs 1 lakh crore in under-recoveries in 10 weeks, raising concerns about their financi…
India's Inflation Accelerates as High Energy Prices Start to Bite
Inflation in India, the world’s third-biggest crude oil importer, accelerated in April as the higher global oil and gas prices started to feed through consumer prices. The annual consumer price index (CPI) is expected to have jumped to 3.8% in April, up from …
India's April consumer inflation likely rose to 3.8% as higher fuel costs weigh
“We expect April headline inflation to tick up...on higher food and some pass-through of higher global energy prices,” said Rahul Bajoria, head of India and ASEAN economic research, BofA Securities
Palm oil rally seen continuing on biodiesel demand boost, analyst Mistry says
MUMBAI, May 6 : Malaysian palm oil prices are likely to rise about 12 per cent to 5,200 ringgit ($1,316) a metric ton by mid-July, as higher energy prices from the U.S.-Israeli war on Iran boost biodiesel demand and tighten supplies, analyst Dorab Mistry said…
Iran war shows EU must ‘stay the course’ on climate laws, Dutch minister says
Dutch climate minister says rising energy prices show why Europe must cut reliance on fossil fuels.
Commercial LPG hike: Delhi restaurant owners warn of higher menu rates, job losses
Commercial LPG cylinder prices have surged, impacting Delhi's food businesses. Restaurant owners and street vendors warn of higher menu rates and potential job losses. This steep hike, linked to global energy prices, is causing significant financial strain. M…
Asia is being hammered by the Iran conflict’s economic fallout. The U.S. has the playbook to help—and every reason to
Energy prices up 70%, growth forecasts slashed, fertilizer shortages spreading: Washington needs to adjust its trade agenda.
India maintained stable energy supplies amid crisis, shielded people from global price shocks: Hardeep Singh Puri
India has successfully shielded consumers from global energy price shocks despite disruptions from the Strait of Hormuz closure. Union Minister Hardeep Singh Puri stated that the country absorbed fiscal impacts rather than passing them to consumers, maintaini…