Page 6 of Crude prices

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

Petrol and diesel price 13 April: Rates unchanged for seventh straight day; Check prices in Delhi, Mumbai here

Petrol and Diesel Price Today in India: Petrol in the National Capital of Delhi currently retails at Rs 105.41 per…

April 13, 2022 08:24 IST

IEA member nations will release 60 million barrels over the next six months. (File)

Oil drops below $100 on reserves release and China lockdowns

Fuel demand in India, the world’s third-biggest oil importer and consumer, rose to a three-year high in March, with petrol…

April 11, 2022 17:33 IST

Share Market Highlights: Sensex ends 2% higher, Nifty shuts shop above 18000; HDFC twins top gainers, soar 9%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark indices ended higher for the second consecutive session boosted…

Updated: April 4, 2022 16:29 IST

“For FY23, the overall road budget outlay has edged up by 1% year-on-year (YoY), and in light of higher crude prices, it needs to be seen whether the projected contribution from cess funds can materialise,” brokerage firm Edelweiss said.

Elevated crude price a threat to NHAI’s capex funds, say analysts

The budget support to NHAI in FY23 is up 106% over Rs 65,100 crore in FY22 (revised estimate).

April 4, 2022 01:45 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

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

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

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

ATF prices effective from March 16 is up 18% in Delhi compared to a fortnight ago, at Rs 1,10,666.29 kilo litre. Compared to March last year, it is up 86.3%. ATF prices are one of the biggest cost component – around 40% – for airlines.

Jet fuel sees steepest price hike: Air fares may soar 15% on key routes

International oil prices had climbed to a 14-year high of near $140 per barrel last week on fears of supply…

March 17, 2022 04:00 IST

Sensex soars 2% as crude prices cool off, Nifty may hit 17300 if 17000 breached but watch volatility

The fall in prices of crude oil is a major tailwind for the Indian equity markets whereas FIIs’ selling has…

March 16, 2022 15:41 IST

Costly crude poses downside risks to FY23 GDP: Finmin

In its report for February, the Department of Economic Affairs also sought to allay fears of rising inflationary pressure in…

March 16, 2022 00:59 IST

Fuel prices: Statement in Upper House signals tax cuts not ruled out

At present, the Centre’s taxes on petrol and diesel are Rs 27.9/litre and Rs 21.8/litre respectively.

March 16, 2022 00:33 IST

Fuel price hike: Govt may bide time as geopolitical situation still unfolding

Several OMC officials and executives who FE spoke to said the government might wait for another fortnight before taking a…

March 16, 2022 00:24 IST

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

Rates were last revised on November 4, 2021, when international oil prices were at USD 81-82 per barrel. (File)

India hopes for oil from Iran, Venezuela, higher output from OPEC+ to cool prices

International oil prices had hit a 14-year high of USD 130 per barrel earlier this month before retracting.

March 14, 2022 18:51 IST

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