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Vehicles queue at a fuel station as concerns grow over fuel supply following U.S.-Israel conflict with Iran, in Ratnapura, Sri Lanka. File | Photo Credit: Reuters Sri Lanka has increased retail fuel prices by over 8% with effect from Monday midnight (March 10, 2026) in a bid to curb hoarding and panic buying amid rising…
What began as a localised strike by shopkeepers in Tehran’s Grand Bazaar on December 28 over the collapsing rial and soaring inflation has snowballed into the gravest challenge the Islamic Republic has faced since its founding in 1979. The scale and the persistence of protests laid bare deep-seated public resentment towards the state. Iran, long…
Oil pump jack is seen in front of displayed Israeli flag in this illustration taken, October 8, 2023. | Photo Credit: Reuters A protracted Israel-Hamas conflict could spur oil prices beyond India’s comfort zone and even if the government holds retail fuel prices ahead of critical elections, wholesale prices may spike and a higher import…
Representational image of crude oil barrels ready to be transported. | Photo Credit: AP The government has cut the windfall profit tax on crude oil produced in the country while the levy on exports of diesel and aviation turbine fuel (ATF) has been hiked, an official notification said. The tax, levied in the form of…
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