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Karnataka private bus fares set to jump 30 percent as fuel costs surge hits operators hard

Karnataka private bus fares set to jump 30 percent as fuel costs surge hits operators hard

Private bus operators across Karnataka have announced fare hikes of 20–30% on most routes, effective from Friday midnight, after petrol and diesel prices were increased by Rs 3 per litre—the first hike in over four years. Operators say the fuel jump, along with higher road taxes and revenue pressure from schemes like Shakti on state buses, will add about Rs 15,000 extra per vehicle each month. They are urging the state to cut cess and road taxes and provide subsidies to avoid service collapse.

Summarised by Beize from a story on Republic on 16 May 2026
Congress warns Rs 3 petrol diesel hike will unleash inflation across India under Modi policies

Congress warns Rs 3 petrol diesel hike will unleash inflation across India under Modi policies

Congress launched a fresh attack on the Centre after petrol and diesel prices rose by ₹3 per litre, arguing the move will trigger inflation. Rahul Gandhi said the “₹3 shock has already arrived” and suggested more pain is coming in stages. Mallikarjun Kharge blamed not only global fuel factors but a “leadership crisis” under the Modi government, citing diesel’s cascading impact on costs. Congress also alleged the BJP has monetised fuel taxes at scale over 11 years.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Fuel prices edge up by Rs 3 as Indian Oil runs refineries nonstop to prevent any retail shortage

Fuel prices edge up by Rs 3 as Indian Oil runs refineries nonstop to prevent any retail shortage

Indian Oil says domestic petrol and diesel rose only marginally—about Rs 3 per litre—after global pressures, with the company maintaining supply security by running its refineries at more than 100% capacity. IOCL Director (Refineries) Arvind Kumar said 10 refineries are operating round the clock to avoid any “crisis” at retail outlets. Separately, IOCL is backing long-term energy shifts, including providing two hydrogen-powered buses to Delhi Metro that run with green hydrogen from its Faridabad R&D centre.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Kerala CM-designate Satheesan weighs fuel relief as Centre hikes petrol diesel by Rs 3

Kerala CM-designate Satheesan weighs fuel relief as Centre hikes petrol diesel by Rs 3

Kerala CM-designate V D Satheesan says he is meeting officials to assess how a Centre fuel price hike will affect the public and what relief measures Kerala can take. Former CM Pinarayi Vijayan called the decision a grave injustice, urging immediate withdrawal, and alleged that benefits of falling international crude were not passed to consumers. Petrol and diesel were increased by Rs 3 per litre, the first hike in over four years, while Vijayan warned higher fuel costs will feed into everyday essentials and transport.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Oil minister warns India fuel retailers can’t absorb losses forever as prices lag global rates

Oil minister warns India fuel retailers can’t absorb losses forever as prices lag global rates

India’s oil minister says state-run fuel retailers are racking up mounting losses because petrol and diesel are sold below market levels while pump prices stay largely unchanged. With global oil prices having surged, companies are taking the hit. Officials say full compensation would strain public finances, pointing to a bigger but inflation-aware pump price adjustment soon.

Summarised by Beize from a story on The Economic Times on 12 May 2026
No lockdown plans says Oil Minister Puri amid Modi call to save petrol and diesel

No lockdown plans says Oil Minister Puri amid Modi call to save petrol and diesel

Amid heightened tensions in West Asia and Prime Minister Modi’s appeal to conserve petrol and diesel, Oil Minister Hardeep Singh Puri dismissed any plans for a lockdown. He said LPG production has been boosted and urged people to cut fuel and foreign exchange spending—through practices like work from home and reducing costly travel and gold imports—while promoting self-reliance.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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Modi urges India to embrace pandemic austerity to shield forex from West Asia shocks

Modi urges India to embrace pandemic austerity to shield forex from West Asia shocks

Prime Minister Narendra Modi has urged Indians to adopt a “pandemic-era” austerity mindset amid fuel and supply chain disruptions linked to the West Asian conflict. He called for reduced consumption of petrol, diesel and non-essential gold, and for people to skip foreign holidays and destination weddings to conserve India’s foreign exchange reserves.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Nitin Gadkari declares no future for petrol and diesel vehicles in India

Nitin Gadkari declares no future for petrol and diesel vehicles in India

Union Minister Nitin Gadkari says petrol and diesel vehicles have “no future” as India accelerates its shift away from these fuels. He urged manufacturers to move toward cleaner options, flagging hydrogen and ethanol as the way forward. India is already producing ethanol from multiple sources, while pilot projects for hydrogen trucks and buses are in progress.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Government assures no fuel price hike as West Asia crisis looms

Government assures no fuel price hike as West Asia crisis looms

India’s government has assured citizens there is no proposal to hike retail fuel prices, with officials saying there are currently no plans to revise petrol and diesel rates. It claims LPG, petroleum and diesel supplies are adequate and says steps are underway to reduce disruptions tied to the West Asia crisis, including 100% supply assurance for domestic LPG, PNG and CNG.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
Crude oil hits four year low but petrol prices stay stubbornly high in India

Crude oil hits four year low but petrol prices stay stubbornly high in India

Crude oil has fallen to a four-year low, and global rates are down nearly 30% in the last quarter. Oil marketing companies are buying cheaper crude and seeing higher margins, but retail fuel prices haven’t dropped in months. The reason: taxes and duties remain high, shielding consumers from the benefits.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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