India

India Petrol Diesel Exports: Amid the US-Iran war, India’s diesel exports see a huge jump of 20%; Petrol prices fall by 33% – The Times of India

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Amid the US-Iran war, India's diesel sales see a massive 20% jump; petrol price drops by 33%

India’s crude inventories fell sharply in March, falling 33% to 8.31 million barrels. (AI image) Impact of US-Iran war: Indian diesel prices rose 20% in March amid the ongoing Middle East conflict. A widening gap between crude oil prices and refined diesel prices led India to raise diesel imports by nearly 20% month-on-month in March, … Read more

India File: A perfect storm for the rupee

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The performance of Asian currencies since the start of the Iran war

(This was originally published in the India File newsletter, which is delivered every Tuesday. Subscribe here to get the latest news from India and its relevance to the world.) Battered by outflows, oil fears from the Iran war and faltering investor confidence, the Indian rupee is closing the fiscal year with its worst annual performance … Read more

India: From office desks to dark streets: how oil depletion is changing daily life in different communities – The Times of India

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From office desks to dark streets: The oil-cutting trend is changing everyday life in different societies

A month of conflict in the Middle East, its negative effects are felt in the global economy. The crisis erupted on February 28, when the United States and Israel launched joint attacks on Iran, setting off a series of events that cemented Tehran’s control over the vital Strait of Hormuz. This narrow strait, which connects … Read more

Amid LPG Shortage in India, Black Market Prices Rise to Rs 500 Kg

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India has a major disruption in the supply and prices of petroleum gas (LPG) due to ongoing conflicts in West Asia. The closure of the Strait of Hormuz and attacks on the region’s energy infrastructure have led to a reduction in imports, an increase in commodity prices, and challenges to the functioning of industries and … Read more