Page 40 of Crude oil

How much will high crude oil prices cost India economy; this much hit likely on GDP growth, inflation, revenue

The escalating crisis between Ukraine and Russia could lead to potential disruptions in global energy trade and price disruptions, and…

March 7, 2022 17:38 IST

Sensex, Nifty not in panic mode despite rising crude oil prices, FPI selling; Is D-Street calm before a storm?

Although Sensex and Nifty are down sharply from all-time highs, analysts at Morgan Stanley believe Dalal Street appears to be…

March 7, 2022 13:16 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

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

Petrol and diesel price March 4: Fuel rates steady even as crude oil boils; check price in Delhi, Mumbai here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 4 were left unchanged even as crude…

March 4, 2022 08:31 IST

Crude price spike: Will Centre cut auto fuel taxes?

Petrol price in Delhi now would have been Rs139/litre or thereabouts, up nearly Rs 44/litre from the mid-November level.

Updated: March 4, 2022 02:17 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

Petrol and diesel price today March 2: Fuel rates steady; check price in Delhi, Mumbai here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 2 were left unchanged even as crude…

March 2, 2022 08:25 IST

High crude oil prices may dent govt revenue by Rs 1 lakh crore, but may fall as fast as they rose: SBI

Crude oil prices, which soared well past $100 per barrel in the wake of the demand-supply gap and the Russia-Ukraine…

March 1, 2022 15:08 IST

Petrol and diesel price today March 1: Fuel rates unchanged; check price in Delhi, Mumbai here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 1 were left the same as yesterday…

March 1, 2022 09:56 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

Petrol and diesel price today February 25: Fuel rates unchanged; check price in Delhi, Mumbai here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on February 25 saw no change even as crude…

February 25, 2022 08:58 IST

Cement prices are likely to rise to offset rising input costs but any major uptick will be limited by the recent spree in capacity additions, especially in east and central regions.

Ukraine crisis: Crude price surge to hit cement makers

The global prices of Brent rose as much as 8.21% on Thursday, its biggest single-day surge since June 2020. Currently…

February 25, 2022 05:15 IST

Thursday also saw Nifty50 breaching its 200-day simple moving average (SMA) of 16,894.24, signalling a likely downward trend going forward. The Nifty50 currently commands 18.6 times its 12-month forward earnings, almost equal to the five-year average of 18.61x.

Ukraine attack wounds markets: Indices crack nearly 5%, Brent crude tops $105 a barrel

Most experts believe that the fall in the markets is just a knee-jerk reaction to the global crisis and volatility…

February 25, 2022 03:45 IST

In retaliation to the Russian attack, the United States, the European Union, Britain, Australia, Canada and Japan have announced sanctions targeting Russian banks and wealthy individuals while Germany halted a major gas pipeline project from Russia.

Oil at $103: No fears of supply disruption to India, prices a concern

Petrol costs Rs 95.41 a litre in Delhi and diesel is priced at Rs 86.67. This price is after accounting…

February 24, 2022 17:24 IST

Petrol and diesel price today February 24: No change in fuel rates; check price in Delhi, Mumbai here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on February 24 were left unchanged while crude oil…

February 24, 2022 08:57 IST

Higher US production is likely and more Iranian oil may enter the market with a satisfactory conclusion over the on-going nuclear talks. Brent crude prices may fall to $87 a barrel in 2022 and $75 a barrel in the fourth quarter, according to the EIA.

Brace for the looming oil shock: Domestic crude production declining, need to work on building self-sufficiency in oil & gas

Prima facie, global oil prices close to $100 a barrel appear much higher than is warranted by demand-supply imbalances.

February 24, 2022 04:30 IST

Rising crude prices: Firms stare at input cost pressure

The rise in fuel price impacts supply chain and logistics cost of raw materials for the real estate sector, leading…

February 24, 2022 02:15 IST

Rising crude prices: Aviation sector facing headwinds

Crude oil prices, which are now nearing $100 per barrel, remains a major headwind for the airline industry.

February 24, 2022 01:15 IST

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Three-year safeguard duty imposed on flat steel

Economy47 min ago

The government’s decision to impose safeguard duties on non-alloy and alloy steel flat products has led to a rise in shares for JSW Steel and Tata Steel. This move aims to stabilize domestic steel prices and boost profitability for steel makers, but may result in increased costs for industries like automobiles.

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