DNA: Why PM Modi had to speak on petrol and diesel prices?
Today, Prime Minister Narendra Modi appealed to many states of the country to reduce VAT to reduce oil prices. However, these are the state governments where there are often protests against expensive oil prices.
Apr 28, 2022, 01:32 AM IST
Oil price soars on talks about Russia oil ban, Iran deal delay
Global oil prices have spiked more than 60% since the start of 2022, along with other commodities, raising concerns about world economic growth and stagflation.
Mar 07, 2022, 20:40 PM IST
Petrol, diesel prices see big cut on Saturday following Coronavirus outbreak
The price of petrol was cut by 27 paise and that of diesel by diesel by 30 paise a litre across all major cities on Saturday.
Jan 25, 2020, 10:24 AM IST
June inflation likely reached highest level in nearly 2 years: Poll
A high reading for June should cement expectations for the central bank to raise rates as early as August after its 25 basis points hike last month to try and control potential risks caused by higher inflation.
Jul 10, 2018, 12:40 PM IST
China launches first ever yuan-denominated oil futures contract; posts more than 6% jump
China launched its first ever yuan-denominated oil futures contract in Shanghai on Monday, marking the first time foreign investors will have access to Chinese commodity futures as the world`s top crude importer seeks greater influence over global prices.
Mar 26, 2018, 08:53 AM IST
Domestic airlines set to raise fares on costlier jet fuel
The cost of aviation jet fuel is on the rise, and with that domestic air fares are also set to see a northward trend.
Feb 13, 2017, 10:45 AM IST
Spike in global oil price poses risk for growth: Economic Survey
It is not just demonetisation which is threatening the world's fastest growing economy tag of India. A spike in oil prices too may have dampening impact on the growth, the Economic Survey said today.
Jan 31, 2017, 17:22 PM IST
Petrol price likely to touch Rs 80 per litre, diesel Rs 68/litre
The price of petrol is seen touching Rs 80 and diesel Rs 68 per litre if global oil prices cross $60 a barrel.
Dec 10, 2016, 17:28 PM IST
Asian shares at 9-month highs on inflow bets; dollar strong
Asian stocks climbed to nine-month highs on Thursday, helped by a pickup in capital inflows and a recovery in global oil prices, while the dollar stood strong on growing bets of a U.S. rate increase as early as September.
Jul 21, 2016, 08:47 AM IST
Drop in global oil prices windfall for Indian economy: IMF
Terming the slump in global oil prices as a "large windfall" for India, the IMF said this has allowed the country to spend more on goods and services, and a "sharp decline" in inflation.
Mar 03, 2016, 14:06 PM IST
Oil rockets from 12-year low on renewed talk of OPEC cut
Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.
Feb 13, 2016, 00:55 AM IST
Lower inflation result of reforms, global oil prices: FinMin
WPI-based inflation has come down from 6.0 percent in 2013-14 to 2.0 percent in 2014-15. The wholesale inflation has been in the negative zone since November 2014 and stood at -3.8 percent in October 2015.
Dec 16, 2015, 19:25 PM IST
Oil prices climbs as Turkey shoots down Russian jet
Global oil prices rose today after Turkey shot down a Russian jet on the Syria border, sparking fresh tensions in the crude-rich Middle East, dealers said.
Nov 24, 2015, 19:23 PM IST
Kuwaiti emir warns budget down 60% on low oil prices
Kuwait's ruler warned Tuesday his nation's revenue is down some 60 percent due to low global oil prices, urging citizens of this tiny country to be prepared for any economic reforms.
Oct 27, 2015, 21:39 PM IST
Oil prices rebound in Asia on bargain-hunting
Oil rebounded in Asia today on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.
Oct 13, 2015, 10:27 AM IST
Gas price cut to $3.82, will dent govt revenues by Rs 800 cr
Locally produced gas in India will cost 18 percent less during October-March compared with the first half of the current fiscal year, a source with knowledge of the matter said on Wednesday, due to a decline in global prices.
Sep 30, 2015, 11:24 AM IST
India should buy overseas assets aggressively: Pradhan
Opportunities emerging from low oil prices were discussed at a meeting called by Prime Minister Narendra Modi with business leaders, bankers and bureaucrats yesterday against the backdrop of global economic turmoil, he said.
Sep 09, 2015, 12:43 PM IST
Watch: Should there be a cut in petrol and diesel prices?
Brent on Wednesday was up 30 cents at $43.51 a barrel by 1300 GMT, and US crude was up 10 cents at $39.41 a barrel.
Aug 26, 2015, 22:58 PM IST
OPEC expected to keep status quo on oil output
However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.
Jun 05, 2015, 10:09 AM IST
Crude oil futures surges by Rs 65 on Asian cues
Crude oil for delivery in June was trading notably higher by Rs 65, or 1.77 percent to Rs 3,733 per barrel, with a business turnover of 4,545 lots in futures trading at the Multi Commodity Exchange.
May 29, 2015, 12:20 PM IST
