Business
Petrol price expected to drop by Rs4.59 per litre – SUCH TV
Petroleum product prices are expected to fall by up to Rs4.59 per litre from January 16 for the next fortnight. According to estimates prepared by the government and industry sources, petrol may drop by Rs4.59 per litre, high-speed diesel (HSD) by Rs2.70, kerosene by Rs1.82 and light diesel oil (LDO) by Rs2.08 per litre.
The anticipated reduction is attributed to fluctuations in the international oil market driven by geopolitical risks, supply concerns and changing demand dynamics.
Following the United States’ increased control over Venezuelan crude oil exports, global oil prices came under downward pressure.
However, persistent uncertainty has caused prices to oscillate in both directions.
Oil market forecasters have largely predicted that prices in 2026 will fall further than in 2025, when global benchmarks lost nearly 20% of their value.
Brent crude is forecast to average below $60 per barrel, while West Texas Intermediate (WTI) is expected to hover around $50 per barrel, with the possibility of falling even lower during the year.
Based on current projections, the revised prices are expected to stand at Rs248.58 per litre for petrol, Rs254.38 for HSD, Rs169.06 for kerosene and Rs144.10 per litre for LDO.
In the previous price review, the government slashed petrol and high-speed diesel prices by Rs10.28 and Rs8.57 per litre, respectively.
Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative offshore bets on the rupee must now be disclosed. Banks now must report detailed transaction data-size, counterparty, maturity, and structure-no later than two working days, though trades below $1 million and certain already-reported or internal hedging transactions are exempt.
Business
Renters’ Rights Act: My tenant owes £15,000 in rent, but I can’t get them out of the property
Currently, under a so-called Section 21 notice, a landlord can evict a tenant without giving a reason – and with just eight weeks’ notice. The new legislation will restrict landlords to a handful of legal reasons for evictions, including wanting to move back in, anti-social behaviour by tenants or persistent rent arrears.
Sarah has now got her money back but there are calls to reform the deadline for reporting scams to banks.
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