Updated - April 29, 2026 at 08:30 AM.
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No proposal to raise diesel, petrol prices: Govt
The Ministry of Petroleum and Natural Gas has said there is no proposal to increase retail prices of petrol and diesel, which remain unchanged since April 6, 2022. The ministry reported combined daily under‑recoveries of about ₹2,400 crore as of March 27, 2026. PSU oil companies are bearing losses of around ₹26 per litre on petrol and up to ₹105 on diesel amid a sharp rise in global crude prices. Officials said refineries are operating at high capacity with adequate fuel stocks. The ministry also dismissed rumours, stating there is no shortage and advising against panic buying.
Centre likely to maintain status quo on ATF price rise cap amid airline cost concerns
The Centre is likely to retain the existing cap on Aviation Turbine Fuel price increases for domestic flights, despite rising cost pressures in the aviation sector. Sources say the government is not inclined to change the framework immediately, ahead of the next ATF price revision on May 1, 2026. The move aims to ensure fuel price stability while longer‑term measures are reviewed. These include reconsidering the crack band mechanism linked to refining margins. The Civil Aviation Ministry is also engaging stakeholders, urging states to reduce VAT on ATF. The industry has warned that sharply rising fuel costs are threatening airline operations.
India’s factory output growth slows to 4.1% in March
Industrial growth slowed in March 2026, with Index of Industrial Production growth easing to 4.1 per cent from 5.1 per cent in February, official data showed. Manufacturing growth remained weak at 4.3 per cent. Mining output improved to 5.5 per cent, while power generation rose just 0.8 per cent, sharply lower than a year earlier. Slower manufacturing and electricity output weighed on headline growth, despite gains in mining. Capital goods and infrastructure goods recorded strong growth, indicating sustained investment demand. However, consumer non‑durables grew modestly. Analysts said industrial momentum is moderating amid external risks, while government capital expenditure continues to support near‑term growth prospects.
Maruti Suzuki to invest ₹14,000 cr in FY27 on capacity expansion
Maruti Suzuki India said it will invest ₹14,000 crore in FY27 to add five lakh units of annual capacity at its plants in Kharkhoda, Haryana, and Hansalpur, Gujarat. Capacity will rise from 24 lakh units per year. The company also approved major investments for a new manufacturing facility in Gujarat. In the March quarter, consolidated net profit fell 6.45 per cent to ₹3,659 crore due to mark‑to‑market losses, despite record sales. Revenue rose 28.2 per cent to ₹52,462 crore. Annual vehicle sales touched a record 24.22 lakh units. The board recommended a dividend of ₹140 per share.
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Published on April 29, 2026
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