The government on Thursday raised fare caps for airlines by as much as 30% to offset rising fuel prices but extended the curbs on setting fares till 31 March amid tepid travel demand because of the pandemic. Passenger fares will now rise between 10% and 30% effective Thursday, depending on the duration of the flight, […]
Day: February 12, 2021
Oil extends drop below $58 after IEA cuts 2021 demand forecast
Oil slipped below $58 a barrel after the International Energy Agency cut its demand forecast for this year and as one technical indicator signaled a recent rally may be overdone. Futures in New York extended declines for a second session on Friday after surging more than 12% in the longest run of gains in two […]
Petrol price hit all-time high of ₹88.14 per litre in Delhi, diesel at ₹78.38. Check fuel rates in your city
Petrol prices were hiked by 29 paise to touch an all-time high in the national capital on Friday, i.e. 12 February. In New Delhi, the price of petrol was increased by 29 paise from ₹87.85 per litre to ₹88.14 and diesel was hiked by 35 paise from ₹78.03 per litre to ₹78.38 per litre, as […]
Irdai encourages insurers to launch policies for drone-related accidents
The Insurance Regulatory and Development Authority of India (Irdai) has urged all general insurance companies to launch covers for mishaps related to remotely piloted aircraft systems (RPAS) or drones. The regulator in a circular issued on Thursday noted that only a few general insurers in India are offering coverage for drones through products under aviation […]