India has removed central excise duty on petrol blended with 22% to 30% ethanol, marking a major policy step in its long-term biofuel and energy transition strategy. The exemption applies to higher ethanol petrol blends commonly known as E22, E25 and E30. By removing the tax burden on these fuel mixes, the government aims to encourage wider production and adoption of ethanol-rich petrol, support domestic biofuel manufacturing and reduce India’s dependence on imported c

A Belmont Avenue Shell station in Chicago will offer $1.99 gas during a limited T-Mobile and Shell promotion on Tuesday. The discounted fuel will be available at the Shell station at 4357 W. Belmont Ave., near Kostner Avenue, from 9:30 AM to 2:00 PM. The specific calendar date for the Tuesday promotion was not provided in the available source information. Belmont Avenue Shell $1.99 Gas Promotion Details The pro

Prime Minister Narendra Modi reviewed India’s economic growth strategy with members of the PM-Economic Advisory Council as global uncertainty, trade pressures and tensions in West Asia continue to create risks for major economies. The discussion focused on strengthening India’s economic resilience, improving business conditions and ensuring that growth benefits both companies and ordinary citizens. The meeting also looked at how India can maintain momentum while protecting itsel

Trump Expands Coal Funding US President Donald Trump has announced a $700 million initiative to expand coal production and support coal-related projects across ten US states. The funding aims to keep over a dozen coal plants operational, support 42 coal mines, build two new coal plants, and develop a coal export terminal. This effort, executed under the Defence Production Act, underscores the administration?

American Airlines is temporarily suspending six late-summer routes as rising jet fuel costs continue to pressure U.S. airline schedules. The Fort Worth, Texas-based carrier has adjusted select service for August and September, saying affected passengers will be offered alternative travel arrangements or refunds. The airline has said the changes are temporary and do not represent permanent route cuts. American Airlines August September Route Suspensions

Commercial LPG cylinder price in Delhi has increased from June 1, adding fresh cost pressure on hotels, restaurants, caterers, cloud kitchens, bakeries and other businesses that use 19-kg cylinders for daily operations. According to reports citing industry sources and fuel retailer data, the price of a 19-kg commercial LPG cylinder in Delhi has been raised by ₹42. The new rate is ₹3,113.50, compared with the earlier price of ₹3,071.50. The latest commercial LPG price hike come

Illinois gas tax pause talks remain active as a scheduled fuel tax increase approaches on Wednesday, July 1, 2026. Gov. JB Pritzker has said he is open to considering a pause, but state leaders have not announced a final plan. The Illinois General Assembly faces a key deadline on Sunday, May 31, 2026, when the spring legislative session is scheduled to adjourn. That gives lawmakers limited time to act before the automatic increase takes effect. Illinois gas tax pa

Recent developments in Iran have sent shockwaves through global financial markets. Investors are recalibrating portfolios as oil prices climb, geopolitical uncertainty rises, and economic pressures mount. While energy producers, defense companies, and AI-driven technology firms see gains, sectors like airlines and energy-importing economies face increasing strain. The US dollar and other safe-haven assets are also attracting attention amid market volatility.

Indian aviation investigators are preparing an interim report into last year’s deadly Air India Boeing 787 crash instead of a final report, as the investigation remains complex and incomplete ahead of the accident anniversary. The crash, which took place on June 12, 2025, involved an Air India Boeing 787 Dreamliner operating from Ahmedabad to London. The disaster killed 260 people, making it one of the deadliest aviation accidents

Revanth Reddy Reduces Convoy Size Telangana Chief Minister A. Revanth Reddy has reduced the size of his official convoy, following Prime Minister Narendra Modi’s appeal to save fuel amid rising energy concerns. The Chief Minister reportedly travelled to the Dr BR Ambedkar Telangana Secretariat on Saturday with a much smaller convoy and without causing major disruption to public traffic. Accordin

Petrol and diesel prices were increased again on Monday, May 25, 2026, marking the fourth fuel price hike in less than two weeks. Petrol has become costlier by Rs 2.61 per litre, while diesel has gone up by Rs 2.71 per litre. The new rates came into effect immediately across the country. According to current reports, Delhi’s petrol price has crossed Rs 100 per litre, while diesel prices in several major cities are now close to the Rs 100 mark. Reuters reported that India’s state-owned fue

India relies heavily on imported crude oil, with domestic production covering only 10–15% of demand. Historically dependent on Middle Eastern oil, India is now sourcing crude from the U.S., West Africa, and Russia to reduce vulnerability to geopolitical risks. Very Large Crude Carriers (VLCCs) transport oil in shipments of 200,000–300,000 DWT to key ports on the west coast—Mumbai, Mundra, Kandla, Jamnagar—and east coast—Paradip, Visakhapatnam, Chennai. From ports, extensive pipeline

Prime Minister Narendra Modi is set to chair a crucial Council of Ministers meeting at Seva Teerth in Delhi at 4 pm on Thursday. All Union ministers, including Cabinet ministers, ministers of state with independent charge, and ministers of state, have been asked to remain in the capital during this period. The meeting comes immediately after PM Modi’s foreign visit and is expected to cover governance priorities, regional geopolitical developments, and possible political changes within the g

UK Loosens Russian Oil Restrictions On May 19, the United Kingdom announced it is easing restrictions on importing diesel and jet fuel refined from Russian crude in third countries. The move comes after the G7 reaffirmed commitment to imposing severe costs on Russia for its war in Ukraine. The UK government cited concerns about fuel supply disruptions caused by the closure of the Strait of Hormuz since the US-Israel operations against Iran in late February.

The United States has extended its sanctions waiver on Russian seaborne oil by 30 days, allowing continued imports to key global partners like India. This temporary extension reverses previous plans to let the waiver lapse, aiming to provide flexibility for nations managing critical energy needs. Treasury officials stated the extension ensures that stranded Russian crude and petroleum products can reach markets without violating US sanctions on major Russian oil firms. This marks th

California gas prices remain above $6 a gallon, and state energy officials are warning that pump prices could rise further if fuel supply pressure worsens in the coming weeks. As of Saturday, May 16, 2026, AAA listed California’s average regular gas price at $6.140 per gallon, far above the national average of $4.517. In the Bay Area, AAA showed regular gas averaging $6.315 in San Francisco, $6.205 in Oakland and $6.130 in San Jose. California Gas Prices Stay Ab

TDP’s Mahanadu 2026 Goes Fully Online: Chandrababu Naidu Adopts New Format The Telugu Desam Party (TDP) is set to celebrate its annual flagship event Mahanadu in a completely new format this year. Instead of the traditional grand physical gathering, Chandrababu Naidu has decided to hold the event online as part of nationwide fuel-saving measures. Mahanadu Schedule and Background

The Indian rupee has reached a historic low of 96 against the US dollar, affecting household budgets, imported goods, and fuel prices. With each dollar costing more in rupees, daily expenses are rising for families across India. Why the Rupee Is Weak Today Several factors are driving the rupee’s decline: Rising Oil Prices Global tensions near key oil routes have pushed crude prices above $

Prime Minister Modi’s brief UAE visit on May 15, 2026, focuses on securing oil, LPG, and trade deals to stabilize India’s economy amid West Asia tensions. The trip aims to protect citizens from rising fuel prices and strengthen strategic energy partnerships.   Modi’s UAE Visit: A Crucial Energy Mission On May 15, 2026, Indian citizens witnessed a sudden petrol and diesel pri

The petrol, diesel, and CNG price hike in India took effect on Friday, May 15, 2026. This was the first retail fuel price increase in four years, following the surge in global crude oil prices due to the Iran war.   Fuel Price Hike Overview in Major Cities The government raised petrol, diesel, and CNG prices following a surge in global crude oil prices triggered by the Iran war. This is the first retail fuel price hike in four years. The increase is expected to affect transportation costs, household spending, and overall inflation. City Petrol Price (Rs/Litre) Petrol Hike (Rs) Diesel Price (Rs/Litre) Diesel Hike (Rs) CNG Price (Rs/Kg) CNG Hike (Rs) Delhi 97.77 3.00 90.67 3.00 79.09 2.00 Kolkata 108.74 3.29 95.13 3.11 — — Mumbai 106.68 3.14 93.14 3.11 84.00 2.00 Chennai 103.67 2.83 95.25 2.86 — — Hyderabad 104.50 3.10 94.20 3.05 80.50 2.00 Economic Implications and Expert Insights India’s state-run oil companies, IOCL, BPCL, and HPCL, were absorbing high crude costs for months, incurring daily losses of around Rs 1,600 crore. Imported crude prices jumped from $69 per barrel in February to $113-114 per barrel after the Iran war began on February 28. Economists, including Finance Commission Chair Dr Arvind Panagariya, recommended that retail prices be adjusted to prevent further losses and sustain OMC operations. Prime Minister Modi has appealed to citizens to conserve fuel and encouraged work-from-home practices to reduce foreign outflows. The Delhi government initiated a 90-day campaign promoting fuel-saving habits and limited office days. The fuel price increase is expected to push up transportation and logistics costs, which may drive inflation in essential commodities like milk and vegetables. Household savings could shrink, and discretionary spending may reduce, potentially slowing consumption, production, and GDP growth. While consumers will feel the immediate impact, this step was unavoidable given the international crude price surge.