Oil price rise would hit 2024 global growth, inflation outlook: Fitch

Nov 12, 2023

Higher-than-expected oil prices in a scenario where the ongoing Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, according...

Prices of petroleum products in Pakistan likely to increase from July 1

Jun 29, 2021

Islamabad [Pakistan], June 29 : Amid high levels of inflation in Pakistan, the country's Oil and Gas Regulatory Authority (OGRA) has suggested hiking the...

RBI sets $85 oil benchmark for FY26, $75 for FY27 after US-Iran ceasefire eases prices

Apr 08, 2026

The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26,...

WPI inflation rises to 14.23 per cent on surge in fuel, food prices

Dec 14, 2021

New Delhi (India), December 14 : India's wholesale price-based inflation rose to 14.23 per cent in November, the highest level in 12 years, due...

Pakistan: Rawalpindi grapples with record inflation in essential commodities

Nov 12, 2024

Rawalpindi is facing record inflation in essential commodities, with prices of staples like pulses, cooking oil, and dairy products soaring. Local associations have raised...

No direct impact of oil price hike on India's fiscal situation: SBI Report

May 18, 2026

The retail fuel price hike of Rs 3 per litre is implemented to reduce the losses incurred by oil marketing companies (OMCs) due to...