Business
Consumers denied relief as govt hikes petroleum levy by up to Rs4.62 – SUCH TV
The federal government has raised the petroleum levy (PL) on petrol by Rs4.62 per litre and Re0.80 on high-speed diesel. The move left consumers without any relief as authorities decided to keep fuel prices unchanged for the coming fortnight, in a simultaneous decision.
The levy on High Octane Blending Component (HOBC) was also raised by Rs4.62 per litre, pushing the total PL on petrol and HOBC from Rs79.62 to Rs84.27 per litre. The PL on HSD has risen to Rs76.21 per litre from Rs75.41.
In addition, the government continues to collect a Climate Support Levy (CSL) of Rs2.50 per litre on petrol, HSD and HOBC.
Consumers of kerosene and light diesel oil also face a PL of Rs20.36 and Rs15.84 per litre, respectively.
Fuel prices are further impacted by the Inland Freight Equalisation Margin (IFEM), which stands at Rs8.97 per litre on petrol and Rs7.25 per litre on HSD.
Industry analysts say the move will maintain the government’s revenue stream but keeps consumers and transporters burdened with high fuel costs, despite international oil price declines.
Separately, a notification issued by the Petroleum Division on Thursday night said prices of petrol and HSD would remain unchanged at Rs253.17 and Rs257.08 per litre, respectively, until end-January.
In the previous fortnight review, the government had slashed the rate of petrol by Rs10.28 per litre and high-speed diesel by Rs8.57.
Petrol is mainly used by commuters in small vehicles, rickshaws and two-wheelers.
Higher fuel prices significantly impact the budgets of middle and lower-middle class households, who rely on petrol for daily travel.
On the other hand, a significant portion of the transport sector relies on high-speed diesel.
Its price is considered inflationary since it is predominantly used in heavy goods transport vehicles, trucks, buses, trains, and agricultural machinery such as tractors, tube wells, and threshers.
The consumption of high-speed diesel particularly contributes to the increased prices of vegetables and other food items.
Now one of the biggest sportswear firms, Anta’s rise follows a playbook adopted by many Chinese giants.
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Business
Gold price prediction today: Will gold prices continue to be volatile? Key levels to watch out for April 27, 2026 week – The Times of India
Gold price prediction today: Gold prices will closely track movements on the rate decisions by several central banks, including the US Federal Reserve, this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold is currently consolidating after sharp swings in a broad range, indicating a pause rather than a reversal. Price action shows a higher-high structure intact, but the recent sideways movement suggests indecision near the upper supply zone around 158,000–160,000. The formation resembles a short-term flag/triangle continuation pattern, where a breakout on either side will define the next directional move. Volume has tapered slightly, reinforcing the consolidation narrative.Gold prices recently moved from the upper band toward the mid-band (20 DMA), and are now attempting to stabilize. The bands have started to contract, signaling a potential volatility expansion ahead. Sustaining above the mid-band (~150,500–151,000 zone) keeps bullish bias intact, while a breakdown below this could trigger a deeper mean reversion toward the lower band.For the week, immediate support for gold prices is placed at around Rs 150,500, which is followed by stronger support near Rs 148,500. On the upside, the resistance stands at around Rs 155,500, and after that the key supply zone is at Rs 158,000. A decisive close for gold above Rs 158,000 levels can then resume the broader uptrend. However, a break in gold prices below levels of Rs 148,500 may shift the momentum to bearish in the near term.The economic docket is filled with data points and events this week as the focus will be on FED, BOJ, ECB and ECB policy meetings. US consumer confidence, GDP, inflation and durable goods orders data will also be in radar.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
British families tell BBC Panorama how the Iran war is affecting their monthly budgets.
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