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Tag "oil price"

Petrol, diesel prices remain unchanged on Thursday

Petrol, diesel prices remain unchanged on Thursday

🕔13:59, 24.Dec 2020

New Delhi, Dec 24  Petrol and diesel prices remained unchanged on Thursday as oil marketing companies continued to maintain a wait and watch stance amid a stable global oil market. Accordingly, the pump price of petrol remained at Rs 83.71

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Petrol and diesel prices rise again

Petrol and diesel prices rise again

🕔19:22, 26.Nov 2020

New Delhi, Nov 26  Petrol and diesel prices rose sharply on Thursday after a day’s pause as global oil prices remained firm reaching the highest levels this fiscal. Petrol prices increased by 11 paise per litre to Rs 81.70 per

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OMCs hold fuel prices revision despite strong crude

OMCs hold fuel prices revision despite strong crude

🕔19:57, 18.Nov 2020

New Delhi, Nov 18  Oil marketing companies (OMCs) did not revise the retail prices of petrol and diesel on Wednesday even though global crude has remained firmly close to $44 a barrel. So, petrol price in the national capital continues

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Govt may consider halving cess on domestic crude

Govt may consider halving cess on domestic crude

🕔07:40, 29.Sep 2020

New Delhi, Sep 29  The government may give a ‘Make in India’ push to oil and gas explorers, as it is considering a proposal to halve cess on domestic crude oil to encourage exploration activity and allow Covid-hit oil producers

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India tops up strategic reserves with cheaper crude, saves over $685M

India tops up strategic reserves with cheaper crude, saves over $685M

🕔15:29, 23.Sep 2020

New Delhi, Sep 23 Taking advantage of low prices in major oil-producing centres in Saudi Arabia and UAE, India has filled up its strategic crude oil reserves to meet its energy needs in times of emergency and saved a neat $685.11

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Petrol, diesel rates fall again as crude prices soften

Petrol, diesel rates fall again as crude prices soften

🕔15:41, 17.Sep 2020

New Delhi, Sep 17  Petrol and diesel prices in the country have fallen again in the wake of softening of global oil prices as an extended run of Covid-19 has depressed demand and created a glut in the market. On

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Oil companies again hold diesel, petrol prices

Oil companies again hold diesel, petrol prices

🕔18:35, 19.Jul 2020

New Delhi, July 19  A day after diesel prices were increased to extend the price gap vis-a-vis petrol in Delhi, oil marketing companies on Sunday decided to keep the pump prices of the two petroleum products unchanged. Accordingly, diesel continues

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Oil prices surge, WTI up on early signs of demand recovery in US

Oil prices surge, WTI up on early signs of demand recovery in US

🕔17:10, 30.Apr 2020

New Delhi, April 30  Oil prices surged on Thursday with the WTI crude rising around 14 per cent on indications that fuel demand in the US is starting to pick up and the supply glut in the world’s largest economy

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Price crash brings no relief: Oilcos keep fuel prices unchanged for 40 days

Price crash brings no relief: Oilcos keep fuel prices unchanged for 40 days

🕔13:35, 25.Apr 2020

New Delhi, April 25 This is one reform initiative of the government that has not yielded the desired results on ground. A collapse in global crude oil prices was widely believed to provide relief to consumers by way of sharply lower

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Saudi to hike crude supply to record levels, global price war rages (Ld)

Saudi to hike crude supply to record levels, global price war rages (Ld)

🕔14:08, 11.Mar 2020

Dubai, March 11 In what is being described as using the nuclear option, Saudi Arabia will boost its crude oil production to record levels in retaliation for the breakdown of the talks for an agreement on oil production with Russia. Marking

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Petrol prices fall for 4th consecutive day, diesel prices down

Petrol prices fall for 4th consecutive day, diesel prices down

🕔15:04, 4.Nov 2019

New Delhi, Nov 4  Petrol prices dropped for the fourth consecutive day across the four metros on Monday, while diesel prices also registered a decline after a two-day break. Petrol prices in Delhi, Mumbai and Chennai were reduced by nine

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Petrol, diesel prices drop on Friday

Petrol, diesel prices drop on Friday

🕔11:30, 1.Nov 2019

New Delhi , Nov 1  The petrol and diesel prices dropped on Friday after remaining unchanged for two days. Petrol prices lowered by 2-6 paise/litre, while diesel prices decreased by 2-5 paise/litre across major cities of the country. In Mumbai

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Oil price biggest risk for Indian economy: Moody’s survey

Oil price biggest risk for Indian economy: Moody’s survey

🕔14:23, 4.Jul 2018

Mumbai, July 4  A majority of Indian and foreign investors consider that high oil prices have emerged as a significant risk to the country’s economy, Moody’s Investors Service said on Wednesday. The US rating agency’s report is based on a

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Current oil price slide will not continue: OPEC

Current oil price slide will not continue: OPEC

🕔15:02, 15.Dec 2015

New Delhi, Dec 15  The current free fall in global oil prices where the Indian basket of crude oils has plunged below $35 a barrel will not continue, the Organisation of Petroleum Exporting Countries (OPEC) said on Tuesday.“The current price

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Diesel in over-recovery; retail prices exceed global rates

Diesel in over-recovery; retail prices exceed global rates

🕔10:21, 2.Oct 2014

New Delhi, Oct 2  With the rates of the Indian basket of crude oil falling below $95 a barrel, the petroleum ministry Wednesday said losses on diesel sales had been wiped out with the government now looking at a profit

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Petrol cheaper by 65 paise a litre

Petrol cheaper by 65 paise a litre

🕔11:01, 1.Oct 2014

New Delhi,Oct 01  With international crude oil prices going below $95 a barrel, petrol prices were cut by 65 paise a litre with effect from midnight. Since the three rate cuts in August, petrol prices have continued to show a

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