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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..