Page 36 of Crude oil

Russia wants India to buy 15 million barrels this year, one of the sources said.

Russia woos India with hefty discounts on oil; offers $30-35 a barrel discount on flagship grade

The offer comes as Russia’s main buyers, European nations, cut down on purchases amid mounting western sanctions on Moscow following…

April 1, 2022 03:45 IST

Moreover, the 16% growth forecast in GST revenues appears a tall ask, coming on the back of a fairly strong base in FY22, which is tipped to see a growth of 25%-plus.

The fiscal challenges: External challenges are too many; govt must go in for bold reforms

With global growth and trade slowing, crude oil prices remaining elevated, and the US Fed tightening, the macro-environment in the…

April 1, 2022 03:00 IST

HPCL shares jump 2%; international brokerage upgrades stock, revises target price, sees 24% potential rally

Hindustan Petroleum Corporation Ltd. share price jumped 2.71 per cent in Thursday’s session. The stock touched an intraday high of…

March 31, 2022 16:16 IST

The Brent crude international benchmark rose to nearly $140 — from $90 before the start of the war — before falling back. (File)

OPEC likely to stick to modest oil boost despite war jitters

Analysts expect the group to stay on its schedule of gradual increases to restore production cuts made during the depths…

March 31, 2022 15:31 IST

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Petrol and diesel price March 31: Fuel costs rise by Rs 6.4 per litre after 9 rate hikes in 10 days

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 31 was increased yet again by OMCs,…

Updated: March 31, 2022 08:42 IST

Petrol and diesel price March 30: Rate hike continues, consumers now pay Rs 5.6 per litre more than last week

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 30 were hiked again taking Diesel rate…

March 30, 2022 08:30 IST

Petrol and diesel price March 29: Fuel rate crosses Rs 100 mark in Delhi after seventh price hike

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 29 were hiked again by OMCs, taking…

March 29, 2022 08:36 IST

Brent crude futures were trading way above the level witnessed before the Russian invasion of Ukraine over a month ago. (File)

Fuel price hike: Govt may dip into strategic oil reserves to calm prices

Brent crude oil prices on Monday eased on concerns about a potential drop in Chinese demand following lockdown measures in…

March 29, 2022 05:10 IST

Petrol and diesel price March 28: Fuel rates hiked sixth time in seven days; check prices in Delhi, Mumbai

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 28 were hiked for the sixth time…

March 28, 2022 09:14 IST

Petrol and diesel price March 24: Fuel rates steady after 2 successive hikes; check prices in Delhi, Mumbai

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 24 were left unchanged after two days…

March 24, 2022 08:51 IST

The auto fuel demand is largely price-inelastic.

Analysts revise demand outlook for fuels: Fuel prices hiked 80 paise/litre for the second day

Gaurav Moda, partner, energy at E&Y, said since trucks carry majority of goods across the country, the rise in diesel…

March 24, 2022 05:50 IST

Historically, bulk prices are offered at a lower rate compared with retail prices and helps them secure their needs. However, the latest hefty hike for bulk consumers is likely to have an adverse effect on sate-run road transport corporations, commercial establishments, malls, etc, who buy bulk diesel to meet daily operation needs.

Bulk diesel price hike forces private players to cut local supplies

According to sources, private retail operator Reliance’s Jio-bp has already cut supplies of fuel to retail outlets by 50%. It…

March 23, 2022 05:00 IST

Fuel price hike: Oil firms bite the price hike bullet, finally; more price hikes likely, but in small doses

More instances of retail price increases in ‘tiny doses’ could be expected over the next few weeks to cover OMCs’…

March 23, 2022 04:00 IST

"It is still not clear whether this will really happen," wrote Carsten Fritsch of Commerzbank in a report, adding: "a decision of this kind requires unanimity."

Oil rises towards $116 as EU weighs Russian ban

European Union foreign ministers are split on whether to join the United States in banning Russian oil. Some countries, including…

March 22, 2022 19:26 IST

Rupee vs dollar, dollar to rupee, usdinr

Rupee may depreciate amid firm dollar, weaker financial markets; USDINR pair to trade in this range

With oil prices sustaining above $100, Rupee could remain under pressure. However, with year-end USD selling from corporates, up move…

March 22, 2022 09:08 IST

Petrol and diesel price March 22: Fuel rates hiked first time in 2022; check prices in Delhi, Mumbai here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 22 were hiked for the first time…

Updated: March 22, 2022 08:59 IST

Some multinationals including ExxonMobil and Shell have announced exit from the Russian projects after Moscow invaded Ukraine. (File)

India’s import of Russian oil less than 1% of total, share from US to rise: Petroleum Minister Hardeep Singh Puri

In 2020-21, India imported 633,000 tonnes of 0.3 per cent while in 2019-20 the purchases were 2.93 million tonnes or…

March 21, 2022 20:26 IST

Crude prices up more than $4 as European Union mulls Russian oil ban

With little sign of the conflict easing, the focus returned to whether the market would be able to replace Russian…

March 21, 2022 19:35 IST

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