Indian state refiners are reportedly preparing a modest fuel price increase, with diesel and gasoline possibly up by around 5 rupees per liter. The rationale: mounting daily losses linked to the ongoing Persian Gulf war and the need to keep fuel affordable for consumers while stabilizing refinery finances.
The EU says the war’s hit to Europe’s tourism sector has been limited so far, as airlines rely on hedges to buffer costs. But the situation is shifting: jet fuel prices have jumped nearly 84% since the Feb 28 US Iran war began. Airlines caution that aircraft or fuel supply shortages could surface within weeks, threatening travel plans.
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DFS has reportedly started seeking data from banks on war hit small and medium enterprises, asking for details on specific sectors affected. People familiar with the matter say banks are being asked about industries such as Morbi based ceramics and restaurants that were hit by LPG shortages, to map the scale of disruption and guide next steps.
India’s beer industry is facing “major trouble” as war-related cost spikes, supply chain disruptions, and government pricing controls squeeze margins. United Breweries CEO Vivek Gupta says support is needed to keep growth and innovation alive. On the ground, consumers are trading down to cheaper options and buying smaller pack sizes, worsening demand pressure.
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