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 Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..