A global shortage of gas and soaring gas prices have further boosted the rally in oil prices, amid signs that some energy users are switching to burning oil as it is now cheaper than gas.
October 12, 2021
BAGHDAD, June 2: Iraq’s Ministry of Oil said on Tuesday that the country exported 89.88 million barrels of…
June 2, 2021
Domestic fuel retailers raised petrol and diesel rates on Saturday, even as international crude oil prices fell on Friday because of the strengthening dollar. Benchmark Brent crude on Friday closed at $66.13 per barrel, down by 1.12%.
February 28, 2021
This follows positive trial results from Pfizer/BioNTech and Moderna.
November 24, 2020
A Biden win will likely be an upward catalyst for oil prices because it will increase costs for shale patch and will likely result in a weaker U.S. dollar, the report said.
October 16, 2020
On Friday, prices further declined after Trump announced that he and First Lady Melania Trump have tested positive for the infection.
October 2, 2020
Petrol prices also have witnessed a continuous rise of 15 days and have already increased by Rs 7.97 per litre during the period. On Sunday, the fuel was sold for Rs 79.23 a litre, 35 paise higher from the previous level.
June 21, 2020
Since the dynamic price revision resumed on June 7, prices of petrol and diesel have increased by Rs 4.52 and Rs 4.64 per litre respectively.
June 14, 2020
In April, the WTI crude fell below zero and turned negative for the first time ever owing to the lack of storage.
May 18, 2020
New Delhi, May 5 : The government has taken the opportunity provided by unusually low global oil prices…
May 6, 2020
As of Friday, the SPR held 635 million barrels of crude oil, including 384.7 million barrels of sour crude and 250.3 million barrels of sweet crude.
April 21, 2020
Global markets have been on a bear run including the financial markets for the past few weeks owing to the concerns of a significant impairing of the world economy due to the coronavirus crisis.
April 18, 2020
As a result, the oil price plummeted to $22 per barrel which is the sharpest fall in 20 years.
April 10, 2020
Additionally, road and infrastructure cess on the two products has also been raised by Rs 1 per litre to Rs 10 per litre, effectively increasing the central duty on petrol and diesel to Rs 3 per litre. The new rates are effective from March 14.
March 14, 2020
New Delhi, March 12 : The government could hope to get much better valuation for its share in…
March 12, 2020
New Delhi, Jan 25 : Oil futures came down sharply on fears that the spread of the deadly…
January 25, 2020
New Delhi , Petrol and diesel prices continued their upward trend on Monday as per the daily pricing…
December 30, 2019
The slowdown is coming at a time when international environment is very favourable, in terms of pricing of crude oil.
October 17, 2019
As a result of attack on oil tankers, the rupee also lost 16 paise to close at Rs 69.51 per dollar from its previous close of 69.35.
June 14, 2019
In tandem with petrol, the cost of diesel declined on Saturday across all metros in a range of 12-13 paise.
October 20, 2018
Mumbai, Oct 9 : Petrol and diesel prices in Mumbai are being sold at Rs 87.73 per litre…
October 9, 2018
As per the data, the fuel was priced at Rs 87.15 in Mumbai, Rs 83.52 in Kolkata and Rs 84.89 per litre in Chennai.
October 7, 2018
New Delhi, Sep 17 (IANS) Domestic fuel prices continued to scale new heights on Monday, with the price…
September 18, 2018
Taking a dig at the BJP President Amit Shah’s claim that the Centre was looking at ways to…
September 16, 2018
New Delhi, Sep 3 (IANS) Prices of petrol and diesel, already at unprecedented levels in the country, rose…
September 4, 2018
Mumbai, Sep 2 (IANS) Escalating geo-political tensions following further trade protectionist measures, coupled with high crude oil prices…
September 3, 2018
New Delhi, Aug 29 : Hitting out at the Narendra Modi government for the rise in petroleum prices,…
August 29, 2018
Mumbai, July 17: Slide in global crude oil prices along with expectations of fund infusion into public sector banks…
July 17, 2018
It closed at 68.47, weaker by 63 paise from its previous week's close of 67.84 per greenback.
July 1, 2018
Washington, July 1 (IANS) US President Donald Trump said on Saturday that the King of Saudi Arabia, Salman…
July 1, 2018
Washington's tough stance against the Islamic Republic, along with reported declines in US stockpiles, has already driven American crude prices to the highest level since 2014.
June 29, 2018
Prices initially jumped after an OPEC deal to increase output was announced late last week, as it was not seen boosting supply by as much as some had expected.
June 25, 2018
Mumbai, May 26: The key Indian equity indices settled with marginal gains in the week ended Friday after largely…
May 26, 2018
New Delhi, April 23: Petrol prices rose for the fifth consecutive day on Monday to Rs 74.50 per…
April 23, 2018
New Delhi, April 1: Petrol price on Sunday hit a four-year high of Rs. 73.73 a litre while…
April 1, 2018
New Delhi, Feb 1: Petrol prices approached a three-and-a-half-year high in Delhi on Thursday at Rs 73.05 per litre.…
February 1, 2018
New Delhi, Jan 29: Chief economic advisor (CEA) Arvind Subramanian on Monday warned about growing global risks like…
January 29, 2018
New Delhi, Jan 4: Congress leader Mallikarjun Kharge on Thursday questioned the government on why the benefit of lower…
January 4, 2018
New Delhi, Oct 3: The government on Tuesday reduced Basic Excise Duty rate on Petrol and Diesel (both…
October 3, 2017
New Delhi, Jan 25 India’s quest for energy security got a major push on Wednesday after a pact…
January 25, 2017
Rebound in equity markets, coupled with strengthening crude oil prices and hopes of an interest rate cut are…
January 23, 2016