Oil prices held steady on Friday but remained on course for a fourth successive weekly decline as signs of weak growth in global fuel demand outweighed fears of supply disruption in the Middle East. Brent crude futures LCOc1 were up 18 cents, or 0.2 per cent, at $79.70 a barrel by 1040 GMT. U.S. West … Read more
The auto retail sector in India registered a growth of 27 per cent on an annual basis in April, driven by stable fuel prices and new model launches even as Lok Sabha elections dampened consumer sentiment, FADA said in a press release on Wedensday. Retails of two-wheelers increased by 33 per cent while three-wheelers, passenger … Read more
Mumbai: A recent reduction in cooking gas prices is likely to exert a softening effect on inflation that’s also being aided by declining non-food prices, but monetary policy must remain in “risk-minimisation” mode to firmly bring consumer prices back to the legally mandated target, central bank economists said. “Fuel prices remain in deflation, and this … Read more
