power tariff hike

Eating out is set to become significantly more expensive as commercial LPG prices have surged by nearly Rs 1,000 per cylinder. Bengaluru hoteliers are compelled to hike menu prices by approximately 10% due to this steep increase, which follows two previous hikes in recent months. This development poses a considerable challenge to the hospitality sector.

Electricity prices in Delhi are set to rise as the Appellate Tribunal for Electricity ordered the DERC to liquidate over Rs 38,500 crore in regulatory assets. This accumulated debt, stemming from unrecovered costs since 2007 due to unchanged tariffs, will be recovered from consumers over seven years through a surcharge.

Iran reportedly used a Chinese-built spy satellite, TEE-01B, to monitor US military bases in the Middle East during recent conflicts. Leaked documents suggest the Islamic Revolutionary Guard Corps utilized the satellite for targeting and assessing strike success. China denies providing military support, calling the accusations fabricated.

Jharkhand State Electricity Regulatory Commission (JSERC) has approved a 40% power tariff hike for DVC-served areas for 2026-27, a reduction from DVC's proposed 45%. While domestic low-tension consumers see a slight drop, commercial and high-tension consumers, along with industries, face significant increases. A green energy tariff and rebates for timely payments and prepaid metering have also been introduced.

S&P Global in its latest report titled India's Strong Fundamentals Would Cushion The Blow Of An Oil Shock says India is equipped to handle some strain. The report assumes a base case scenario of oil prices at an average of $130 per barrel for 2026 and $100 in 2027.

AIADMK leader Edappadi K Palaniswami vowed to revive party schemes if elected, accusing the DMK government of stalling them. He expressed confidence in his alliance's victory in the upcoming Tamil Nadu assembly elections. Meanwhile, prominent leaders from AIADMK, BJP, and PMK filed their nominations across various constituencies, engaging in electoral campaigning and criticism of the ruling DMK.

Starting April 1, residents of Jharkhand will face a 6.12% increase in power tariffs. Urban domestic consumers will see their rates jump by Rs 0.55 to Rs 7.4, while rural areas will experience a rise of Rs 0.5, reaching Rs 7.2.