Maruti Suzuki launched its first flex-fuel car, the Wagon R, aiming to support India's goals of reducing oil imports and carbon emissions. The technology allows vehicles to run on petrol and ethanol blends, with officials highlighting its potential to boost farmer income and rural economy.
Rolling coverage of the latest economic and financial newsLondon’s stock market is sliding at the start of trading.The FTSE 100 index has dropped by 67 points, or 0.65%, to 10,209 points.“We are actively managing the uncertainty created by the fuel price increase and its impact, taking the necessary action on yields, costs and capacity. We currently see no issues with fuel availability in our main markets, particularly as we benefit from our investment in fuel self-supply at our hubs.Whilst the impact of the higher fuel price will inevitably lead to lower profit this year than we originally anticipated, we are confident in our business model and strategy, which has made us one of the best-performing airline groups in the world, and which gives us the opportunity to prove our resilience. This confidence means we are on track to continue with the remaining €1 billion return of excess cash. Continue reading...
The Indian government has assured citizens of uninterrupted fuel supplies, citing adequate reserves and fiscal measures to mitigate the impact of rising global crude prices caused by the ongoing Middle East conflict.
Indian Oil Corporation Limited has assured that petrol and diesel supplies remain stable across Punjab, Himachal Pradesh, Jammu & Kashmir, Ladakh and Chandigarh despite Middle East conflict disruptions. The corporation holds 12 days of petrol and 16 days of diesel at depots, with retail outlets maintaining 13 days of petrol and 6 days of diesel stock. LPG supplies are steady though delivery timelines have increased from 2 to 6 days due to precautionary demand.
