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India Cools Off On Demand For Russian Crude Oil
Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates, turning to Africa and the Middle East instead, industry sources said.
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Old Is Gold: Sky-High Cost Of Ageing Ships Sounds Inflation SOS
The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing container ships to record highs.
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Railways To "Rationalise Fare, Freight Rates", Chairman Says Amid Slowdown
The railways is in the process of "rationalising" its passengers and freight fares, Railway Board Chairman VK Yadav said on Thursday. He, however, refused to say if the prices will be increased.
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China To Crack Down On Diesel Trucks, Raise Fuel Standards
China will take action against highly-polluting diesel trucks by imposing tougher fuel and engine standards, raising rail freight volumes and strengthening its monitoring capabilities, new guidelines published by the environment ministry said. The Ministry of Ecology and Environment said in a policy document on Friday it would aim to -significantly...
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BMW India Cars To Become More Expensive From January 2019
BMW India has announced to increase the prices across its product range by up to 4 per cent from January 2019. The rise in prices could be because of the cyclical revision which happens due various macro-economic factors such as increase in the input cost or freight rates due to increase in fuel prices. However, BMW India has not cited any such rea...
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Jet Airways, IndiGo, SpiceJet Fined For Fixing Fuel Surcharge Rates
CCI noted that "the airlines acted in a concerted manner" in fixing and revising the fuel surcharge rates, which are a component of freight charges.
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Railway Fares May Be Hiked Later, Says Opposition In Parliament
Accusing the government of making "bogus claims" in the Railway Budget, the Opposition today said though there was no proposal to hike fares and freight rates, there was every possibility for it to do so like in the previous year.
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Kerala Chief Minister Calls For Roll Back of Rail Fare Hike
Kerala Chief Minister Oommen Chandy today asked the Centre to roll back railway passenger fare and freight rate hikes as it would lead to rise in prices of essential commodities.
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Rail Fare Hike Difficult But Correct Decision, Says Finance Minister Arun Jaitley
Defending the steep hike in rail fare and freight rates as a 'difficult but correct decision', Finance Minister Arun Jaitley today said the Railways can survive only if users pay for availing of facilities.
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Railway freight rates hike unfair: Jayalalithaa
Tamil Nadu Chief Minister J Jayalalithaa today urged the Centre to withdraw the 15 percent busy season hike in railway freight rates that will be effective from October 1, saying such a decision would be unfair.
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India Cools Off On Demand For Russian Crude Oil
Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates, turning to Africa and the Middle East instead, industry sources said.
-
Old Is Gold: Sky-High Cost Of Ageing Ships Sounds Inflation SOS
The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing container ships to record highs.
-
Railways To "Rationalise Fare, Freight Rates", Chairman Says Amid Slowdown
The railways is in the process of "rationalising" its passengers and freight fares, Railway Board Chairman VK Yadav said on Thursday. He, however, refused to say if the prices will be increased.
-
China To Crack Down On Diesel Trucks, Raise Fuel Standards
China will take action against highly-polluting diesel trucks by imposing tougher fuel and engine standards, raising rail freight volumes and strengthening its monitoring capabilities, new guidelines published by the environment ministry said. The Ministry of Ecology and Environment said in a policy document on Friday it would aim to -significantly...
-
BMW India Cars To Become More Expensive From January 2019
BMW India has announced to increase the prices across its product range by up to 4 per cent from January 2019. The rise in prices could be because of the cyclical revision which happens due various macro-economic factors such as increase in the input cost or freight rates due to increase in fuel prices. However, BMW India has not cited any such rea...
-
Jet Airways, IndiGo, SpiceJet Fined For Fixing Fuel Surcharge Rates
CCI noted that "the airlines acted in a concerted manner" in fixing and revising the fuel surcharge rates, which are a component of freight charges.
-
Railway Fares May Be Hiked Later, Says Opposition In Parliament
Accusing the government of making "bogus claims" in the Railway Budget, the Opposition today said though there was no proposal to hike fares and freight rates, there was every possibility for it to do so like in the previous year.
-
Kerala Chief Minister Calls For Roll Back of Rail Fare Hike
Kerala Chief Minister Oommen Chandy today asked the Centre to roll back railway passenger fare and freight rate hikes as it would lead to rise in prices of essential commodities.
-
Rail Fare Hike Difficult But Correct Decision, Says Finance Minister Arun Jaitley
Defending the steep hike in rail fare and freight rates as a 'difficult but correct decision', Finance Minister Arun Jaitley today said the Railways can survive only if users pay for availing of facilities.
-
Railway freight rates hike unfair: Jayalalithaa
Tamil Nadu Chief Minister J Jayalalithaa today urged the Centre to withdraw the 15 percent busy season hike in railway freight rates that will be effective from October 1, saying such a decision would be unfair.
