India Unique in Lowering Fuel Prices Amid Global Trends: Puri

02 Aug 2024 CW Team

India stands out globally as the only country where petrol and diesel prices have declined over the past three years, according to Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas. This assertion marks a significant point amidst rising global fuel costs.

Puri's statement emphasises India's unique position in the global energy landscape. Despite international trends showing an increase in fuel prices due to various economic factors, India has managed to lower the cost of petrol and diesel for its citizens. This achievement is attributed to strategic policy measures and efficient management by the Indian government.

The reduction in fuel prices is seen as a major relief for consumers and a positive outcome of the government's focus on ensuring affordable energy. It contrasts sharply with the global scenario where many countries are grappling with rising fuel costs driven by geopolitical tensions, supply chain disruptions, and inflationary pressures.

Puri's comments underline the government's efforts to mitigate the impact of global economic uncertainties on domestic fuel prices. The sustained reduction is expected to support economic stability and consumer confidence in India.

Overall, India's ability to decrease fuel prices while global rates increase is presented as a testament to the effectiveness of its energy policies and economic management. This unique achievement reflects the country's commitment to supporting its citizens through challenging global economic conditions.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..