Oil prices

India To Gain As Global Oil Prices Decline Despite Geopolitical Tensions

Russia has now emerged as the largest supplier of crude oil to India replacing Iraq and Saudi Arabia which occupied the top slot earlier.

May 22, 2024, 13:58 PM IST

Oil Prices To Go Down? Here's What Industry Sources Are Saying

The current dip in international crude oil prices is a key factor influencing the decision to cut fuel prices in India.

Dec 29, 2023, 10:24 AM IST

India's July fuel demand rises 6.1% year-on-year

Gasoline or petrol sales were 6.8% higher from last year at 2.81 million tonnes.

Aug 09, 2022, 09:31 AM IST

WPI inflation spikes to record 15.88% in May on costlier food items, crude oil

The WPI inflation has remained in double digit for the 14th consecutive month since April last year and has been in the upper trajectory for three straight months.

Jun 14, 2022, 13:19 PM IST

Oil rises 1%, set for another weekly rise on supply concerns

The EU sanctions proposal includes phasing out imports of Russian refined products by the end of 2022 and a ban on all shipping and insurance services for transporting Russian oil.

May 06, 2022, 23:37 PM IST

PT24M39S

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

Indonesia bans palm oil export, world to face the jitters

Indonesia has decided to ban the export of palm oil from April 28, the country’s President Joko Widodo announced on Friday.

Apr 22, 2022, 21:31 PM IST

Oil Ministry freezes gas allocation, prices of CNG, PNG spike: Report

The prices of APM gas for CNG and PNG have been revised from USD 2.90 per million British thermal unit to USD 6.10, an increase of 110 per cent.

Apr 17, 2022, 09:45 AM IST

Stock limit on edible oils, oilseeds extended up to Dec 31

A notification from the Ministry of Food, Consumer Affairs and Public Distribution's Department of Food and Public Distribution published on Wednesday, extended the date from March 31 to December 31.

Mar 31, 2022, 18:02 PM IST

Oil mixed as dollar rises, EU looks less likely to ban Russian oil

A strong dollar makes crude more expensive for other currency holders and tends to weigh on risk appetite.

Mar 22, 2022, 23:49 PM IST

Oil prices up more than $4 as EU considers Russian oil ban

EU governments will consider whether to impose an oil embargo on Russia.

Mar 21, 2022, 20:32 PM IST

Uber adds fuel surcharge due to high gas prices, check if you have to pay more for cab rides

Uber said that 100 per cent of surcharges will go directly to drivers and delivery people.

Mar 12, 2022, 16:08 PM IST

Amid Russia-Ukraine war, Centre making efforts to check rise in edible oil, fuel prices: MoS Bhagwat Karad

Central government is making efforts to check the rise in edible oil and fuel prices.

Mar 11, 2022, 19:10 PM IST

Petrol, diesel rates remain unchanged across cities even as crude oil boils

The central government reduced excise duty on November 4, 2021, to provide relief from historically high prices.

Mar 08, 2022, 15:40 PM 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 to go up from tonight? Here's what you need to know

To combat growing inflation, the central government could lower the excise on fuel and diesel by Rs 3 or Rs 4.

Mar 07, 2022, 18:37 PM IST

As Biden administration weighs cutting Russian oil imports, know how much oil US imports from Russia

So far, US has stopped short of targeting Russia's oil and gas exports as the Biden administration weighs the impacts on global oil markets and US energy prices.

Mar 07, 2022, 12:00 PM IST

Gold gains Rs 75, oil jumps toward $115 as Ukraine conflict offsets Iran supply hope

Crude oil touched a decade high this week, and prices are on track for their best weekly increases since the middle of 2020, with the US benchmark up more than 21% and Brent up 17%.

Mar 04, 2022, 21:05 PM IST

Oil prices soar as Ukraine conflict stokes supply concerns

U.S. West Texas Intermediate (WTI) April crude futures were up $4.14, or 4.33%, at $99.86 a barrel after hitting its highest level since July 2014 at $101.53.

Mar 01, 2022, 19:13 PM IST