The government has ruled out financial support for state-run oil marketing companies despite rising losses on petrol, diesel and aviation turbine fuel. The pressure has increased after retail fuel prices remained unchanged even as crude oil costs rose sharply due to the West Asia conflict. Govt
Pakistan’s Petroleum Minister Ali Malik has warned that the country has no strategic petroleum reserves even for a single day, exposing the scale of its energy vulnerability amid global oil supply concerns. He contrasted Pakistan’s position with India’s stronger reserve capacity. Pakistan Petrol Reserves Crisis Malik said Pakistan is currently dependent only on commercial
India’s fuel pricing debate has sharpened after a brokerage estimate suggested petrol and diesel prices may need to rise sharply once current state elections are over, while the central government has flatly denied that any such increase is under consideration. The issue has drawn attention because crude prices have climbed amid West Asia tensions, putting […]
Pakistan’s fuel pricing policy is facing renewed scrutiny after the International Monetary Fund raised concerns over distortions in the country’s petroleum pricing system. The issue has become more urgent as Pakistan deals with volatility in global oil markets and growing pressure on its fiscal position. IMF Raises Pakistan Fuel Pricing Concerns The IMF has pressed […]
Pakistan Fuel Prices Surge Amid Oil Shock Pakistan has announced another sharp increase in fuel prices as global crude markets remain volatile during the Middle East conflict. The new rates, which take effect from Friday, mark the second major revision in less than a month and are expected to add further pressure on inflation and […]
Australian Prime Minister Anthony Albanese has warned that the economic fallout from the Middle East conflict will continue to weigh on the country for months, as Australia grapples with sharp fuel price increases and growing pressure on households and businesses. In a rare national address, he said the government could not fully shield the country […]
Prime Minister Narendra Modi on Sunday warned that the ongoing turmoil in parts of the world, especially in West Asia, could worsen fuel supply pressures and trigger a broader petrol and diesel crisis. Speaking during the 132nd episode of Mann Ki Baat, he said the situation remains serious but added that India is in a […]
India has sent 38,000 metric tonnes of fuel to Sri Lanka as emergency support, offering relief to the island nation as it faces fresh energy pressure linked to the West Asia conflict and disruption in regional fuel supply chains. The shipment reflects India’s continuing role as Sri Lanka’s key crisis-response partner during periods of external […]
The Congress in Karnataka has criticised the recent fuel price reduction, calling it a political move designed to benefit oil companies rather than provide lasting relief to consumers. The party also warned that petrol and diesel prices could be raised again after the elections, turning the current cut into what it described as a temporary […]
India has defended its latest fuel tax cut, with Petroleum Minister Hardeep Singh Puri saying the Centre chose to protect consumers from the global energy shock instead of passing the full burden on through higher petrol and diesel prices. The decision comes amid rising international fuel prices linked to the West Asia conflict and disruption […]















