After rallying for most of the first half following Russia’s invasion of Ukraine, oil prices have been dragged lower in recent weeks by fears of recession and central bank tightening
The electric carmaker increased its Model Y long-range price to $65,990 from $62,990, its website showed on Thursday, after delaying the deliveries of some long-range models in the United States by up to a month.
The auto major has hiked prices by 1.1 percent on average to partially offset the rise in input cost. Maruti Suzuki, too, recently hiked the prices of its cars
Lemon prices have touched Rs 250 per kg now. The yield of the citrus fruit has been low but the demand remains high.
This is the fourth hike this month after prices were raised on April 1, 4 and 7 and the ninth such hike in CNG prices this year after five consecutive increases in March
After battling COVID-19 for two years, restaurants and quick services restaurant (QSR) chains are now struggling with an increase in operational costs due to inflation. Several players, indicated Kabir Suri, president of the National Restaurant Association of India, would look at increasing prices going ahead.
The scale of operations and financial bandwidth also defines whether a builder can afford to halt operations. Larger projects and/or developers sitting on high debt may find it unsustainable to halt construction.
President Gotabaya Rajapaksa may have revoked the emergency order but Sri Lanka continues to grapple with rising prices, shortage of essentials and rolling power cuts. Karunya Rao explains the reasons behind Sri Lanka's economic crisis
Raw material inflation continues to be a problem for drug manufacturers, eroding the benefit from an increase in the prices of essential drugs
This was the first fuel price hike since November 4, 2021. The government took a series of duty cuts to keep the fuel rates unaffected despite volatility in the international crude oil market
Mumbai-Delhi fares may go up by 15-20% as soon as mid-March, experts said, adding that increases are inevitable given the rise in global oil prices.
ATF prices have climbed 22.3 percent since December 15, or by Rs 16,497.38 per kilolitre (kl) in Delhi. The latest increase of 5.2 percent was announced on February 15. ATF now stands at around Rs 90,519.79 per kl in Delhi.
Market experts said that it would still be difficult for airlines to pass increased operating costs on to passengers due to competition and fear of losing out on market share.
Raw material price increases go unchecked and are a matter of grave concern as they are affecting the production and working capitals of the MSMEs, said the industry body.
The steep hike in input costs is visible in the Wholesale Price Index (WPI)-based inflation, which scaled to a record 12-year high of 14.23 percent in November pushed by high prices of fuel, metals, food products and mineral oils.
Industry bodies say MSMEs sell at very low margins, and even those margins have been shaved by the surge in input costs. The market is not willing to accommodate the price changes as orders and contracts are pre-booked.
The company in a press release said that the hike has been necessitated to offset the impact of steadily increasing commodity prices. It has also mentioned that the exact quantum of increase will depend on the model and the market.
Similar revisions came into effect in other metros. Jet fuel is now priced at 64,068.65 rupees per kl in Mumbai, 70,005.86 rupees in Kolkata and 67,519.93 rupees in Chennai.
Cooking gas was the only petroleum product that saw an upward trend in consumption, posting an increase of 8 percent in February.
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However, there will be no change in price of Amul Shakti which continues to be available at Rs 25 per 500 ml.