Active Stocks
Fri Apr 19 2024 15:56:00
  1. Tata Steel share price
  2. 162.10 1.31%
  1. Tata Motors share price
  2. 963.20 -0.84%
  1. NTPC share price
  2. 350.90 -0.14%
  1. ITC share price
  2. 424.80 1.40%
  1. Power Grid Corporation Of India share price
  2. 281.70 0.54%
Business News/ Economy / Cost of Living Highlights Feb 22: Fuel prices steady. Petrol and diesel prices remain unchanged. Check your city here
BackBack

Cost of Living Highlights Feb 22: Fuel prices steady. Petrol and diesel prices remain unchanged. Check your city here

Cost of Living Highlights Feb 22: The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket. In some relief, India's retail inflation witnessed a notable decline in September, dropping to a three-month low.

File image of a petrol pump: Fuel prices remain unchanged across India (Pixabay)Premium
File image of a petrol pump: Fuel prices remain unchanged across India (Pixabay)

Cost of Living Highlights February 22: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket. Since the Russia-Ukraine war broke out, the cost of raw materials and commodities has gone up. This has increased India's payments outgo for oil, gold, and other commodities.

 

India’s economy surges further ahead in February

The Indian economy, which expanded at a four-month high in January, continued to strengthen in February, seeing accelerations in both manufacturing and services sectors during the month. While services sector output climbed to a seven-month high in February, manufacturing sector output reached a five-month high, firming India’s position as one of the fastest-growing major economies.

The HSBC Flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, climbed to 61.5 in February from a revised reading of 61.2 for January—well above the 50-point threshold that differentiates expansion from contraction. The seasonally adjusted index measures the month-on-month change in the combined output of India’s manufacturing and service sectors.

22 Feb 2024, 04:19:20 PM IST

Indians are so demanding, do not want to pay for anything: Uber CEO Dara Khosrowshahi 

The expectation of Indian consumers for more services on lower spending has posed one of the biggest challenges for Uber, according to CEO Dara Khosrowshahi.

“India is one of the toughest markets out there; they (Indians) are so demanding and do not pay for anything. If we can succeed here, we can succeed anywhere else," Khosrowshahi told Infosys co-founder Nandan Nilekani at an event in Bengaluru on Thursday. Read more here 

22 Feb 2024, 03:24:03 PM IST

Mumbai: MSRTC to increase services, run six Shivneri e-buses over Atal Setu

The Maharashtra State Road Transport Corporation (MSRTC) will run six electric air-conditioned "Shivneri" buse services between Mumbai and Pune via Mumbai Trans Harbour Link (MTHL) or Atal Bihari Vajpayee Trans Harbour Link.

The transport corporation had earlier planned to run four buses over the MTHL on an experimental basis from February 20. However, the Times of India reported that the number was raised to six due to "commuter demand". Read more here

22 Feb 2024, 02:29:21 PM IST

India’s economy surges further ahead in February

The Indian economy, which expanded at a four-month high in January, continued to strengthen in February, seeing accelerations in both manufacturing and services sectors during the month.

While services sector output climbed to a seven-month high in February, manufacturing sector output reached a five-month high, firming India’s position as one of the fastest-growing major economies.

The HSBC Flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, climbed to 61.5 in February from a revised reading of 61.2 for January—well above the 50-point threshold that differentiates expansion from contraction.

The seasonally adjusted index measures the month-on-month change in the combined output of India’s manufacturing and service sectors.

22 Feb 2024, 02:15:00 PM IST

Ikea to shut down store at Mumbai's R City mall by mid-2024

Furniture retailer Ikea is set to discontinue operations at its store in Mumbai’s R City Mall by the middle of the year and consolidate its Mumbai operations at the Worli store, citing concerns about the viability of its small-format store.

The store at R City Mall, spread across 70,000 square feet, opened in June 2022 and offers a limited selection of Ikea goods. “In the R City store, we have not been able to provide customers with the full Ikea experience due to limitations of the layout, design and location. All our other units in India remain unaffected and will continue to deliver the best experience to our customers," the company said on Thursday.

Ikea, which operates a big-format store in Navi Mumbai apart from the small-format store at Worli, will continue to expand in Mumbai. The Navi Mumbai store is spread across 5 lakh sq ft. Read full here

22 Feb 2024, 02:05:34 PM IST

Silver prices Today on 22-02-2024: Check the latest rates in your city

Chennai - 77,300.0/1kg

Delhi - 75,800.0/1kg

Mumbai - 75,800.0/1kg

Kolkata - Rs. 75,800.0/1kg

22 Feb 2024, 01:53:29 PM IST

Gold prices Today on 22-02-2024: Check the latest rates in your city

Chennai - 64,126.0/10g

Delhi - 63,192.0/10g

Mumbai - 63,503.0/10g

Kolkata - 63,814.0/10g

22 Feb 2024, 01:37:42 PM IST

Silver rate today, 22 Feb 2024: Silver prices rise on buying interest

-- Like gold, silver rate today on the MCX witnessed buying interest as the precious white metal opened higher at 70,724 per kg level and went on to touch an intraday high of 70,800 per kg level.

-- In the international market, the spot silver rate today is around $23 per ounce.

-- The cost of silver is 75,800 per kg in Delhi, an increase of 400 per kg.

-- The silver March 2024 MCX futures were trading at 70,730 per kg, up by 0.171 percent at the time of publishing.

22 Feb 2024, 01:15:50 PM IST

Gold rate today, 22 Feb 2024: Gold price jumps after US Fed minutes release

After the release of the US Fed minutes on Wednesday, gold prices today witnessed some relief rally during morning deals.

-- Gold futures contract on the Multi Commodity Exchange (MCX) for April 2024 expiry opened higher at 62,155 per 10 gm level and went on touch an intraday high of 62,169 per 10 gm level.

-- In the international market, spot gold price is trading flat at $2,025 per ounce level.

-- The price of 24-carat gold in Delhi is 6,319.2 per gm, a decrease of 3, while the cost of 22-carat gold is 5788.3 per gm, down by 4.

-- The price change in 24-carat gold over the last week has been -2.17 percent, whereas, in the last month, it has shown a decrease of -0.05 percent.

-- The gold June 2024 MCX futures were trading at 62,508 per 10 gm, up by 0.046 percent at the time of publishing.

22 Feb 2024, 12:45:33 PM IST

Fuel price in metro cities on February 22, 2024 | Patna and Jaipur

Fuel price in metro cities on February 22, 2024 | Patna

PETROL (Rs/L) - 107.24

DIESEL (Rs/L) - 94.04

Fuel price in metro cities on February 22, 2024 | Jaipur

PETROL (Rs/L) - 96.20

DIESEL (Rs/L) - 93.72

22 Feb 2024, 12:32:06 PM IST

Fuel price in metro cities on February 22, 2024 | Kolkata and Ghaziabad

Fuel price in metro cities on February 22, 2024 | Kolkata

PETROL (Rs/L) - 106.03

DIESEL (Rs/L) - 92.76

Fuel price in metro cities on February 22, 2024 | Ghaziabad

PETROL (Rs/L) - 96.58

DIESEL (Rs/L) - 89.75

22 Feb 2024, 11:59:37 AM IST

Fuel price in metro cities on February 22, 2024 | Chandigarh and Chennai

Fuel price in metro cities on February 22, 2024 | Chandigarh

PETROL (Rs/L) - 96.2

DIESEL (Rs/L) - 84.26

Fuel price in metro cities on February 22, 2024 | Chennai

PETROL (Rs/L) - 102.63

DIESEL (Rs/L) - 94.33

22 Feb 2024, 11:44:00 AM IST

Fuel price in metro cities on February 22, 2024 | Lucknow and Hyderabad

Fuel price in metro cities on February 22, 2024 | Lucknow

PETROL (Rs/L) - 96.57

DIESEL (Rs/L) - 89.76

Fuel price in metro cities on February 22, 2024 | Hyderabad

PETROL (Rs/L) - 109.66

DIESEL (Rs/L) - 97.82

22 Feb 2024, 11:32:23 AM IST

Fuel price in metro cities on February 22, 2024 | Gurugram and Noida

Fuel price in metro cities on February 22, 2024 | Gurugram

PETROL (Rs/L) - 96.84

DIESEL (Rs/L) - 89.72

Fuel price in metro cities on February 22, 2024 | Noida (Gautam Buddha Nagar)

PETROL (Rs/L) - 96.59

DIESEL (Rs/L) - 89.96

22 Feb 2024, 11:23:43 AM IST

Fuel price in metro cities on February 22, 2024 | Mumbai, Bengaluru and New Delhi

Fuel rates are revised at 06:00 A.M every day. Since June 2017, fuel prices in India have been revised daily, and this is called the dynamic fuel price method.

Fuel price in metro cities on February 22, 2024 | Mumbai City

PETROL (Rs/L) - 106.31

DIESEL (Rs/L) - 94.27

Fuel price in metro cities on February 22, 2024 | Bengaluru

PETROL (Rs/L) - 101.94

DIESEL (Rs/L) - 87.94

Fuel price in metro cities on February 22, 2024 | New Delhi

PETROL (Rs/L) - 96.72

DIESEL (Rs/L) - 89.62

Download the App to get 14 days of unlimited access to Mint Premium absolutely free!

Recommended For You
Switch to the Mint app for fast and personalized news - Get App