Fuel Costs

CNG vehicle sales continued to grow in FY22, rising by 55 per cent to 2,65,383 units in FY22 compared to 1,71,288 units in FY21, as per NRI’s report titled 'Path to clean mobility: Increasing penetration of NGVs in India’.

Japan consumer prices rise at fastest pace in nearly 2 years on fuel costs

The increase, however, is unlikely to prompt the Bank of Japan (BOJ) to withdraw monetary stimulus any time soon, with inflation still distant from the central bank’s 2% target, analysts say.

Adani Power down 2% post Q3, tariff litigation worries analysts

The power generator posted a loss of Rs 325.3 crore in December quarter from a profit of Rs 104 crore in the same quarter of previous fiscal; brokerages worry on the company's debt situation, likely unfavourable result in an SC litigation.

Additional units to push Mundra UMPP losses higher: Moody's

The losses at Tata Power's 4,000 MW Mundra project "will mount" with additional units getting commissioned since the company can only partially pass on fuel costs to consumers, global rating agency Moody's said.

Expert views on March inflation data

India's wholesale price index (WPI) rose a faster-than-expected 6.89% in March from a year earlier, mainly driven by higher food prices, government data showed on Monday.

Jet Air to sale-and-leaseback of 10 aircraft by March

Jet Airways,the country's largest private carrier has posted its fourth straight quarterly loss on Friday as higher fuel costs continued to hurt its financials.

Rise in fuel costs must be passed on to people: Report

Against the backdrop of poor health of power distribution companies, electricity tariffs need to be revised annually apart from passing on the increase in fuel costs to consumers, says a report.

ASSOCHAM bats for nuke power

With several private power project developers seeking higher tariffs than they had quoted while bidding due to rising input costs and delayed clearances, industry body ASSOCHAM today said the country has limited options and must forge ahead with nuclear energy initiatives.

High fuel costs, weak rupee challenge Indigo Airlines

Even though this is Indigo’s third consecutive profitable year, the current fiscal may not be an easy one for the carrier due to high fuel costs coupled with a weakening rupee.

Guj road freight rates to rise due to diesel price hike

Road freight rates and bus fares are likely to go up drastically in Gujarat due to recent hike in prices of diesel announced by the Centre coupled with high VAT rates.

Auto components sector likely to face stiff headwinds: ICRA

Having cemented a strong double- digit growth over the last two years, the auto components industry is likely to face strong headwinds in 2011-12 due to soaring commodity prices, fuel costs and interest rates, ICRA said.

Airlines face crude test; profitability under cloud

India's airlines are staring at declining profits or probable losses in the Jan-March quarter as a sharp spike in crude prices, and inability to pass on high costs erode margins in a traditionally weak quarter, analysts said.

Petrol prices pinching wallet? How about an e-bike?

With consumers bogged down by escalating fuel costs, electric vehicle makers are now planning on getting aggressive with their marketing and advertising spends, reports The Economic Times.

SpiceJet to add 13 aircrafts to their fleet this yr

Neil Mills, CEO of SpiceJet Limited, in an interview on CNBC-Tv18, gave his perspective of the third quarter performance and divulged the company's future plans.

Energy shares lift Wall Street in light volume

Energy shares helped the Dow and S&P 500 end a three-day losing streak on Tuesday, even as investors worried rising fuel costs will undercut economic growth.