Business
SPI up 4.15% YoY on food, energy | The Express Tribune
A vendor arranges tomatoes on his pushcart. The kitchen essential was selling on pushcarts for Rs400-450 and in supermarkets at Rs550-580 due to short supply in the market. Photo: Jalal Qureshi/Express
KARACHI:
The Pakistan Bureau of Statistics (PBS) reported a 4.15% year-on-year (YoY) increase in the Sensitive Price Indicator (SPI) for the week ended November 13, 2025, signalling continued inflationary pressures across essential commodities.
The rise was largely attributed to higher prices of staple food items, including wheat flour, sugar, gur, beef and bananas, coupled with increased costs of household energy and cooking items such as firewood, cooking oil and LPG. Non-food items, including ladies’ footwear, also contributed to the overall surge in consumer prices.
However, the week-on-week increase was only 0.53%, influenced by prices of essential commodities. The SPI, which tracks price movements of 51 key items across 50 markets in 17 cities, has been designed to provide a short-term gauge of inflationary trends in the country.
According to the report, the week-on-week increase was most pronounced in food and fuel items. Chicken prices surged 20.33%, while tomatoes rose 12.03% and bananas 2.32%. Household energy and cooking essentials also contributed to the overall rise, with LPG prices up 1.97%, cooking oil (five litres) up 0.38% and firewood higher by 0.26%. Among other commodities, beef prices increased 0.26% and mutton 0.07%.
Conversely, several commodities saw notable price declines during the week under review. Onion prices fell sharply by 6.65%, while pulse gram dropped 2.61%. Sugar and gur prices decreased 1.07% and 1.78%, respectively. Wheat flour fell 0.69%, pulse mash 0.66% and pulse moong 0.27%.
Out of the 51 items tracked, prices of 15 items increased, 12 decreased and 24 remained unchanged, highlighting a mixed trend in weekly commodity movements.
The SPI report also provided a year-on-year perspective, showing an overall increase of 4.15% compared to the same period in 2024. Significant increases were observed in non-food and food items alike. Ladies’ sandals recorded the highest annual increase of 55.62%, followed by sugar at 40.25% and gas charges for low-income households (Q1) at 29.85%.
Wheat flour prices were up 18.70% while gur and beef rose 16.47% and 14.29%, respectively. Firewood and bananas recorded annual increases of 12.23% and 11.71%, respectively. Vegetable ghee (2.5 kg), diesel, cooking oil and mutton also saw notable price hikes ranging from 8% to 10.93%.
On the other hand, some essential items showed year-on-year declines. Garlic prices fell sharply by 36.29%, pulse gram by 29.89% and Q1 electricity charges for households by 26.26%. Tomatoes and potatoes saw decreases of 23.01% and 22.46%, respectively, while tea (Lipton) declined 17.79%.
Business
Asia stocks fall for third day, oil edges up as markets track Iran war
The conflict in the Middle East has rattled financial markets and global energy prices have soared.
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Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 4
Last Updated:
Petrol, Diesel Price On March 4: Check City-Wise Rates Across India Including In Delhi, Mumbai and Chennai.

Petrol, Diesel Prices On March 4.
Petrol and Diesel Prices on March 4, 2026: OMCs update petrol and diesel prices daily at 6 AM, aligning them with fluctuations in global crude oil prices and currency exchange rates. This daily revision promotes transparency and ensures consumers have access to the most up-to-date and accurate fuel prices.
Petrol Diesel Price Today In India
Check city-wise petrol and diesel prices on March 4:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
Key Factors Behind Petrol and Diesel Rates
Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments.
Oil Marketing Companies (OMCs) update fuel prices daily at 6 am, adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps.
Key Factors Influencing Fuel Prices in India
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Crude Oil Prices: Global crude oil prices are a primary driver of fuel prices, as crude is the main input in petrol and diesel production.
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Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices.
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Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences.
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Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency.
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Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends.
How to Check Petrol and Diesel Prices via SMS
You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.
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March 04, 2026, 07:33 IST
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Business
Gold Prices: Gold retreats on strong dollar after four-day rally – The Times of India
Gold slumped more than 5%, ending a four-day rally on Tuesday. The metal was weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially prolonged conflict in West Asia. Spot gold was down 5.6% at $5,029.59 an ounce whereas prices had hit an over four-week high in the previous session. US gold futures lost 5.1% to $5,041.50.The US dollar, a competing safe-haven asset, rose to an over one-month peak, making dollar-priced bullion less affordable for holders of other currencies. US Treasury yields rose for a second consecutive session.Indian bullion traders and associations are speculating that gold could attain Rs 2 lakh per 10 gm and silver may well scale Rs 3.5 lakh per kg if the conflict does not abate swiftly.Spot silver fell 11.2% to $79.42 an ounce after climbing to a more than four-week high on Monday. As the Iran conflict entered its fourth day, crude oil benchmarks jumped over 8% in response.
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