Page 20 of crude oil prices

Govt to take all measures to provide relief to consumers from high fuel prices: Union Minister Hardeep Singh Puri

India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the…

Updated: March 14, 2022 20:40 IST

In the Budget for FY23, Sitharaman had declared that the RBI would be launching a digital currency.

Oil price rise to hit economy, looking at options to mitigate impact: Finance minister Nirmala Sitharaman

Sitharaman has subsequently made it clear that the government has the ‘sovereign right’ to tax profits made from virtual digital…

March 9, 2022 01:15 IST

FM Nirmala Sitharaman expresses concern on rising oil prices; Puri says oil cos to decide on hike

India relies on overseas purchases to meet about 85 per cent of its oil requirement.

March 8, 2022 22:06 IST

Markets stay on crash course; crude oil prices surge to highest level since 2008

Sectorally, the Nifty Bank and Auto fell 4% each, and the realty index fell 5.5% on Monday.

March 8, 2022 00:00 IST

Crude oil price on fire: Govt may revisit FY23 spending matrix, little scope for tax cuts

Geopolitical tensions in Eastern Europe have recently pushed the price of Indian basket of crude to over $100 a barrel.

March 7, 2022 05:30 IST

With a view to enhance ethanol production capacity in the country, the central government has notified two interest subvention schemes in 2018 and 2019 for molasses-based distilleries, under which interest subvention at the rate of 6% per annum or 50% of the rate of interest charged.

High crude prices may spur blending of fuels with ethanol

The country is dependent on oil imports to meet more than 80% of its oil demands. In 2020-21, state-run oil…

March 3, 2022 04:30 IST

“A 10% rise in crude oil prices typically widens the current account by 0.3% of GDP and, while our projection for current account deficit at 2.6% of GDP for FY23 — up from 1.7% of GDP expected in FY22 — already assumes elevated oil prices in FY23 (average of ~$87/bbl), it is susceptible to a further widening,” Nomura adds.

Costlier oil to weigh on govt finances and widen CAD: Analysts

“It is possible that the RBI may reconsider its growth and inflation forecasts and its policy stance early in the…

February 26, 2022 06:30 IST

Oil retreats, still above $100; no supply shocks for India

Brent crude oil surged past USD 105 per barrel on Thursday for the first time since August 2014, following Russia’s…

February 25, 2022 15:38 IST

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