US President Donald Trump has signed an executive order expanding access to tax-exempt diesel as record fuel prices pose a political risk ahead of the November midterm elections, which will determine control of Congress.
2 min read07:35 AM ISTPressure continues to mount on fuel retailers amid higher global energy prices, as Nayara Energy, India's largest private fuel retailer, has increased fuel prices with immediate effect. Petrol prices have been increased by ₹5 per litre, while diesel prices have risen by ₹3 per litre.
2 min read3 Oct 2026Wars in the Middle East and Ukraine have blocked shipments from regions that normally supply almost a third of the world’s diesel exports.
4 min read2 Oct 2026American oil companies are fiercely opposed to the president’s nascent plan to ban exports of diesel, but vulnerable Republicans are putting pressure on him.
3 min read23 Sep 2026Jio-bp has capped diesel sales at 50 litres per fill and limited pumps' daily sales as the prolonged West Asia war disrupts supplies and keeps oil prices high, potentially hitting bulk users such as long-haul trucks, buses and the farm sector.
6 min read22 Sep 2026In Mumbai, petrol price stands at ₹111.21 per litre today. No change has been recorded in petrol prices compared to yesterday.
2 min read19 Sep 2026Higher gasoline and diesel prices have led many families to save less and curb spending elsewhere.
3 min read16 Sep 2026Oil prices had jumped to their highest levels since May due to the ongoing conflict in Iran. But local prices continue to hold steady
2 min read12 Sep 2026Fiscal worries, a new Federal Reserve chairman and even the flood of AI bonds are helping drive the recent climb in yields.
3 min read3 Sep 2026Two fund managers with a strong track record of contrarian commodity calls thinks the oil spike is yet to come. Here’s how they’re preparing.
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