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Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economy
India's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the Iran war. Total refined product consumption dropped 6.5% in May, with subdued growth in petrol and diesel sales, indicating weakening economic activity.
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economictimes.indiatimes.com
India Inc hikes prices, shrinks packs as Iran war squeezes margins
Indian businesses face mounting pressure from soaring oil, freight, and insurance costs. Companies are increasing prices and reducing product sizes to protect profits. Many are…
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thehindubusinessline.com
India expects oil and gas prices to fall despite Iran conflict, says Hardeep Puri
India expects oil and gas prices to ease in coming months despite Iran conflict. Hardeep Puri says reserves are adequate and supply risks manageable.
