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Petrol Consumption Also Rose From 2.67L KL To 3.08L KL During The Month, Up 15.3%

Indian oil company stocks surged up to 6% on Monday following a government fuel price hike. This rally was further boosted by a significant drop in global crude prices, driven by easing US-Iran tensions and hopes for the reopening of the Strait of Hormuz. Brent and WTI crude futures saw substantial declines, marking their lowest levels in two weeks.

The All India Motor & Goods Transport Association (AIMGTA) has called on the central government to lower petrol and diesel prices. They argue that the significant drop in international crude oil prices, from $104 to $90 per barrel, should be reflected domestically. This reduction, they state, is crucial to alleviate pressure on the transport sector and curb rising inflation.

Commercial LPG prices have risen by up to Rs 53.50 per cylinder nationwide, effective June 1st. This adjustment aims to bolster fuel reserves amid West Asia conflict concerns. The government is pushing for 30 days of LPG reserves and intensifying anti-hoarding measures, assuring sufficient fuel stocks despite import reliance.

Olympic gold medals are not solid gold. They are mostly silver with a thin gold coating. This practice began after 1912. Solid gold medals from that era are now rare collector's items. Modern medals have a melt value of about 2,500 dollars. Their true worth comes from the history they represent.

Fuel prices have risen sharply, adding to household expenses and transportation costs. This surge, driven by global events, is straining supply chains and impacting everyday goods. Oil marketing companies are seeing stock gains. The government faces a balancing act between consumer relief and revenue. The economic outlook remains a focus amidst these challenges.

Fuel prices have seen another significant jump, with petrol and diesel costs rising by Rs 2.61 and Rs 2.71 per litre respectively. This marks the fourth increase in under two weeks, pushing cumulative hikes close to Rs 7.5 per litre. Consumers face mounting pressure as import costs climb due to global crude oil prices and a weaker rupee.

Congress chief Mallikarjun Kharge has strongly criticized the Modi government for recent fuel price increases, alleging it burdens citizens despite stable international crude oil rates. He pointed to significant hikes in petrol and diesel prices over the past decade, contrasting them with the UPA era.

Cristiano Ronaldo’s investment in LiveMode has intensified global focus on CazéTV, the YouTube platform set to broadcast all 104 matches of the 2026 FIFA World Cup free-to-air in Brazil. The digital-first broadcaster, led by Casimiro Miguel, has rapidly grown into a major force in sports media, signalling a shift away from traditional TV towards creator-driven, streaming-based football coverage.

Pedestrian Safety, Curbing Sidewalk Encroachments Among Aims

Fuel prices have seen another surge, with petrol and diesel rates climbing by approximately 90 paise per litre. This marks the second increase in under a week, driven by escalating global crude oil prices due to the West Asian conflict.

Fuel prices in Bengaluru have seen a significant increase, with petrol now costing Rs 106.17 per litre and diesel at Rs 94.10 per litre. This hike, attributed to sustained high global crude oil prices and geopolitical tensions, also affects XP95 petrol and CNG. Private outlets like Shell continue to have higher rates.

Indian markets brace for a volatile week, with the US-Iran conflict and soaring crude oil prices dominating investor sentiment. A weakening rupee, coupled with inflation concerns, adds to the pressure. Analysts anticipate heightened sensitivity to geopolitical developments, especially concerning the Strait of Hormuz, and will closely watch foreign investor activity and upcoming economic data.

Indian boxers face a challenging path to the Los Angeles 2028 Olympics, with four qualification opportunities beginning in 2027. The World Championships in Astana and three other qualifiers will offer a limited number of quota places across 14 weight categories, featuring gender parity for the first time in Olympic boxing under the new World Boxing governing body.

Indian consumers are shielded from soaring global crude prices, but state fuel retailers are facing immense financial strain. Companies are losing approximately Rs 1,000 crore daily, with cumulative under-recoveries reaching nearly Rs 1.98 lakh crore. This price freeze, while ensuring supply, puts significant pressure on their balance sheets and future operations.

Rajasthan Staff Selection Board (RSSB) has revised examination centres for the Laboratory Assistant (Geography) Direct Recruitment Examination-2026 scheduled on May 9, 2026, from 11:00 AM to 2:00 PM. Three centres in Bhilwara and one in Beawar have been changed. Candidates must re-download updated admit cards reflecting new venues and appear at allotted centres on time. The Board has issued a press release directing updates through its official website and newspaper publication for candidate information updates

Global oil prices are beyond India’s control but a tangle of govt interventions that have left Indian aviation structurally fragile. These demand correction.

State-run fuel retailers will not receive government financial backing for losses incurred from selling petrol, diesel, and aviation turbine fuel below cost. Despite rising crude oil prices, the government has opted to shield consumers by not revising retail prices for these fuels, focusing instead on price adjustments for bulk diesel and commercial LPG.