freight rates

Rising Expenses Threaten Fresh Wave Of Price Rise In Daily Essentials

Every Re 1 hike in petrol, diesel, CNG, and LPG costs feeds into inflationary pressures in the economy, and also indirectly impacts discretionary spending, hence hitting growth channels.

In a troubling development for Ranchi's economy, diesel costs have eclipsed Rs 100 per litre, while petrol isn't far behind. This spike has triggered fears of skyrocketing transportation costs and inflation in everyday essentials.

Fuel prices in Mumbai saw a significant jump on Monday, with petrol increasing by Rs 2.72 to Rs 111.21 and diesel by Rs 2.81 to Rs 97.83. This marks an approximate Rs 8 surge in just 11 days. The escalating diesel costs, alongside reported fuel shortages elsewhere, are causing considerable worry for the transport and logistics industry.

Mitsui OSK Lines anticipates further container rate increases due to a gap between rising bunker oil costs and freight rates, particularly in Asia. While a prolonged conflict could impact demand, the company remains bullish on India's growth, expanding its fleet for energy and vehicle transport.

Gujarat’s Golden Sweetheart Has Long Ruled Summer, And Tomorrow It Celebrates Its Birthday In Style — Showing The Middleman The Door. Over 50% Of Gir’s Farmers Now Sell Directly To Consumers, And Kesar’s Production Has Jumped From 1.9 Lakh MT To 3.1 Lakh MT In Four Years

Fuel prices have risen sharply, adding to household expenses and transportation costs. This surge, driven by global events, is straining supply chains and impacting everyday goods. Oil marketing companies are seeing stock gains. The government faces a balancing act between consumer relief and revenue. The economic outlook remains a focus amidst these challenges.

Fuel prices in Patna have surged again, with petrol exceeding Rs113 and diesel nearing Rs100 per litre. This fourth hike in 12 days, driven by global crude oil volatility, is expected to trigger price increases for essential goods and transport services. Residents and transporters are bracing for the financial strain as budgets are disrupted.

Oppose Higher Fuel Costs and Environmental Charges; No Impact On City Traffic Flow

The NCP (Sharadchandra Pawar) has slammed the BJP's fuel conservation efforts as mere "publicity" and questioned the Centre's pricing policy. The party argues that symbolic austerity measures won't lower prices, while citizens bear the brunt of rising fuel costs and oil company profits remain high. They demand an all-party meeting on energy security.

Industry Flags Cost Pressure; Household Budgets To Tighten Further

Economists say that if the situation does not improve in the coming days, then more hikes may be in the offing. However, the approach of gradual hikes in petrol and diesel prices is to avoid an immediate inflation shock to the economy.

Monsoon To Slow Down Biomining; Oct 2026 New Target

Fuel prices have risen by Rs 3 per litre for petrol, diesel, and CNG. This hike follows a surge in global crude oil prices driven by Middle East tensions. After nearly four years of stable rates, oil companies faced significant daily losses. Consumers will now see increased costs for everyday transport and household fuel.

Rising Raw Material Costs, Freight Volatility And Uncertain Supply Hit Textiles, Chemicals, Pharma And Real Estate Sectors

AIMTC cautions against ‘disruption’ of livelihoods and nationwide supply chains