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Wholesale inflation hits 11-month high at 2.13%; crude surge may lift WPI further

Wholesale price inflation accelerated to 2.13 per cent in February–the highest level in 11 months–as firming prices of food and non-food articles kept cost pressures elevated despite some easing in vegetable inflation, official data released on Monday showed.The WPI-based inflation rate has now risen for the fourth consecutive month. It stood at 1.81 per cent…

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Crude oil stocks adequate, refineries running at full capacity & petrol pumps operating normally: Govt

The government on Monday said India’s fuel supply situation remains stable, with adequate crude oil availability and refineries operating at peak capacity even as geopolitical tensions in Middle East continue to disrupt regional energy flows.Addressing concerns over possible shortages, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas,…

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