inflation Archives - National Times

01 Nov

Commercial LPG Cylinder Prices Increase From November 1, Check Latest Rates In 5 Cities

Gurpreet Singh0 CommentsIndiaChennai, Commercial LPG, Delhi, Domestic LPG, Gas Cylinder Rates, inflation, Kolkata, LPG price hike, Mumbai

New Delhi (Gurpreet Singh): Businesses that rely on commercial cooking gas will have to pay more from November 1, 2026, after the latest revision in LPG prices. The cost of a 19-kg commercial cylinder has increased by Rs 10 in Delhi, Mumbai and Kolkata, while consumers in Chennai will pay Rs 11.50 more per cylinder. Bengaluru has also recorded a Rs 10 increase. The revision comes ahead of Diwali, when hotels, restaurants, dhabas and catering businesses typically prepare for increased activity. In contrast, the prices of 14.2-kg domestic LPG cylinders have remained unchanged. What Are the New Commercial LPG Cylinder…

07 Oct

RBI Hikes Benchmark Repo Rate to 5.5% Amid Rising Inflation Concerns

Gurpreet Singh0 CommentsPunjabEconomy, inflation, interest rate, Monetary policy, RBI, Repo Rate, Sanjay Malhotra

New Delhi (Gurpreet Singh): The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.5 per cent on Wednesday, implementing its first borrowing cost increase in nearly four years as inflationary pressures mount against the backdrop of steady domestic expansion. Following the conclusion of its three-day bi-monthly review, the six-member Monetary Policy Committee voted to lift the policy rate from 5.25 per cent and adjusted its official stance from neutral to calibrated tightening. The decision directly impacts floating-rate retail borrowing, signalling an uptick in equated monthly instalments on home and personal loans while aiming to…

09 Jul

Kejriwal Demands Steep Reduction in Fuel Prices, Accuses Centre of Inflating Fuel Costs Despite Low Global Crude Rates

Gurpreet Singh0 CommentsPunjabEconomy, Fuel, inflation, Kejriwal, Petrol

Chandigarh (Gurpreet Singh): Aam Aadmi Party (AAP) National Convenor Arvind Kejriwal has sharply criticized the central government over fuel pricing, claiming citizens are being forced to pay inflated rates for petrol and diesel despite a substantial drop in international crude oil prices. Speaking at a press conference in New Delhi, Kejriwal asseted that while global crude oil has fallen to 70 dollars per barrel, the government continues to retail E20-blended petrol at an unjustified 102 rupees per litre. According to his calculations, pure petrol should retail at 82 rupees per litre, while the E20-blended variant should be priced significantly lower…

25 May

AAP Blasts Central Government Over Spiralling Fuel Prices Ahead of Punjab Local Body Polls

Gurpreet Singh0 CommentsPunjabAAP, BJP, fuel price, Harpal Singh Cheema, inflation, Punjab

Chandigarh (Gurpreet Singh): Senior Aam Aadmi Party (AAP) leaders including Punjab Finance Minister Harpal Singh Cheema, attacked the BJP-led Central Government over the repeated hike in petrol and diesel prices over the last 10 days. They said petrol and diesel have become nearly ₹8 per litre costlier after four consecutive hikes, pushing farmers, transporters, traders and middle-class families into deeper financial distress. They revealed that while inflation continues to rise, the Modi Government is burdening ordinary people to benefit big corporate houses. The leaders said the diesel price hike during the paddy sowing season will directly hit farmers and further…

18 May

Punjab CM Bhagwant Mann Accuses Centre of Imposing Undeclared Lockdown and Hiding Economic Realities

Gurpreet Singh0 CommentsPunjabBhagwant Mann, Economic transparency, fuel prices, inflation, Modi government, voter revision

Patna (Gurpreet Singh): Launching a sharp attack on the BJP-led Union Government over rising inflation, restrictions on citizens, and alleged manipulation of democratic processes, Punjab Chief Minister Bhagwant Singh Mann on Monday said the Narendra Modi-led Centre has pushed the country into an “undeclared lockdown” while hiding the true state of the economy from people. Pointing out that the Centre artificially suppressed fuel prices until elections and is now burdening citizens immediately afterwards, CM Bhagwant Singh Mann demanded that the Union Government publicly disclose the actual status of India’s oil, gas, and gold reserves. The Chief Minister asserted that the…

15 May

AAP Punjab Chief Aman Arora Slams Central Government Over Post-Election Fuel Price Hikes

Gurpreet Singh0 CommentsPunjabAAP protest, Aman Arora, Fuel Hike, inflation, Punjab politics

Chandigarh (Gurpreet Singh): Aam Aadmi Party (AAP) Punjab President and Cabinet Minister Aman Arora on Friday strongly condemned the BJP-led Central Government over the continuous rise in fuel prices and inflation, stating that the BJP-led government has pushed common people, farmers and small businesses into financial distress while favouring a handful of corporate houses. Addressing a press conference, AAP Punjab State President Aman Arora said the entire country is witnessing the suffering caused by rising inflation despite the tall promises made by PM Modi before coming to power 12 years ago. “The BJP Government has once again burdened common people,…

15 May

AAP Criticizes Central Government for Fuel Hikes Targeting Punjab’s Farming Community

Gurpreet Singh0 CommentsPunjabAAP protest, Agricultural Crisis, Diesel Price, Fuel Hike, inflation, Kuldeep Dhaliwal, Punjab farmers

Chandigarh (Gurpreet Singh): Aam Aadmi Party (AAP) Punjab Chief Spokesperson and MLA Kuldeep Singh Dhaliwal on Friday strongly condemned the BJP-led Central Government over the steep increase in diesel, petrol and CNG prices, calling the move anti-national, anti-Punjab and outright anti-farmer. Addressing a press conference alongside AAP leader Prabhvir Brar, AAP Punjab Chief Spokesperson Kuldeep Singh Dhaliwal said the Narendra Modi-led government has once again delivered a massive inflation shock to the people of the country and exposed its anti-people mindset by pushing common citizens, farmers and labourers deeper into financial distress. “The timing of the diesel price hike has…

15 May

AAP Launches Statewide Demonstrations in Punjab Over Escalating Fuel Costs

Gurpreet Singh0 CommentsPunjabAAP Punjab, Diesel Hike, Fuel Protest, inflation, Ludhiana protest, Petrol Price

Chandigarh (Gurpreet Singh): As petrol prices rose soon after the conclusion of elections in five states, the Aam Aadmi Party (AAP) launched demonstrations across Ludhiana, Amritsar and Jalandhar, calling out the BJP-led central government for pushing the country deeper into inflation after first increasing gas cylinder prices and now fuel rates. AAP leaders said that after the conclusion of elections in five states, the Central BJP government has continuously increased first the price of gas cylinders and now petrol prices, which has placed an economic burden on the lives of common people. They said that the foreign and domestic policy…

03 Mar

India’s Energy Shield: Six to Eight Weeks of Fuel Buffer Amid West Asia Conflict

Gurpreet Singh0 CommentsBusiness, Indiacrude oil imports, Energy Security, inflation, Strategic Petroleum Reserves, West Asia Conflict

New Delhi (Gurpreet Singh): India holds sufficient crude oil and fuel inventories to meet domestic demand for six to eight weeks, providing a critical cushion against short-term supply disruptions caused by escalating military conflict in West Asia. High-level government sources confirmed that the country is well-prepared to navigate the crisis triggered by joint U.S. and Israeli strikes on Iranian facilities, which has effectively halted tanker movements through the strategic Strait of Hormuz. The Ministry of Petroleum and Natural Gas has established a 24x7 control room to monitor the situation "on a daily and hourly basis." While approximately 50 per cent…

03 Mar

Global Oil Markets Shaken: Gas Prices Rise as Middle East Tensions Escalate

Rajeev Sharma0 CommentsBusiness, CanadaGas prices, inflation, Middle East conflict, Oil market, Strait of Hormuz

Ottawa (Rajeev Sharma): Canadian motorists are facing immediate pressure at the pumps this week as North American oil markets react to a significant escalation of conflict in the Middle East. Following a joint military operation by the U.S. and Israel against Iran on Saturday, concerns over the stability of global energy supply chains have sent crude prices on a volatile upward trajectory. The primary focus for market analysts is the Strait of Hormuz, a narrow yet vital waterway on Iran's southern border. Currently, approximately 20 per cent of the world's crude oil passes through this chokepoint. Over the weekend, several…