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Indians usher in this festive season with higher bills, looming inflation - Newzzic
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Indians usher in this festive season with higher bills, looming inflation

In Delhi, petrol now costs Rs 102.94 per litre and diesel Rs 91.42.State-run oil companies have warned that petrol and diesel prices may see a steeper hike in the next few days as the crude oil rally gains momentum and prices fail to correct as anticipated.India is grappling with an escalating crisis as stockpiles of coal, the fuel used to generate about 70% of the nation’s electricity, dwindle to the lowest in years just as power demand is set to surge.Coal-fired power stations have an average of four days worth of stock of the fuel, according to the latest data, and more than half the plants are already on alert for outages.

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