Tag: Crude oil
17 Results
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The impact of high crude oil prices in India
As OPEC evidently doesn't have a role in the demand for crude oil, it has full control over the supply chain, and hence in order to influence the price, they simply increase or decrease the price.
January 19, 2022 -
India plans to release about 5 million barrels of crude oil from strategic reserves
Further, sources said that some other countries are also likely to come with such measures to cool off crude oil prices in the international market.
November 23, 2021 -
Crude oil futures dip on weak spot demand
On the Multi Commodity Exchange, CRUDE oil for the October delivery dropped by Rs 154, to Rs 5,662 per barrel with a business volume of 8,389 lots.
October 7, 2021 -
WPI inflation spikes to over 8-year high of 7.39% in March
Inflation in food articles in March was 3.24 per cent as prices of pulses, fruits and paddy hardened.
April 15, 2021 -
Petrol, diesel prices remain unchanged as crude prices firm
Earlier, the petrol and diesel prices increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre respectively so far this year.
April 14, 2021 -
OPEC, allies will gradually increase oil production in the coming months
The oil cartel and its allied nations agreed to add back some 2 million barrels per barrel per day of oil production from May to July.
April 2, 2021 -
OMCs reduce petrol price by 22 paise, diesel by 23 paise
Diesel, on the other hand, was at Rs 87.96 in Mumbai, Rs 85.88 in Chennai and Rs 83.75 per litre in Kolkata.
March 30, 2021 -
Domestic fuel prices may slip soon. Here’s why
This latest fall comes after a massive wave of Covid-19 infections continued to impact large parts of Europe.
March 29, 2021 -
India’s firm stand on OPEC+ production cut ensures complete oil supply
India has been hit hard by soaring oil prices and urged producers to ease the output cut to back the global economy to recover.
March 13, 2021 -
OPEC ignores India’s call; Saudi asks New Delhi to use cheap oil it bought last year
Earlier this week, Pradhan had said India, where fuel demand is recovering to pre-pandemic levels, wants reasonable and responsible oil prices.
March 5, 2021 -
Petrol at Rs 89 in Delhi, crosses Rs 100-mark in Rajasthan, MP
In the last seven days, the price has gone up by Rs 2.36 per litre for petrol while diesel rate has risen by Rs 2.91 a litre.
February 16, 2021 -
Petrol, diesel prices hiked for 4th day in a row. See fuel rates in your city
Petrol prices in Mumbai remained close to Rs 100 as its retail prices now are Rs 94.64 a litre. Diesel is also the most expensive in Mumbai at Rs 85.32 a litre.
February 12, 2021 -
Oil marketing companies increased petrol, diesel prices again. Check latest fuel rates here
Petrol prices in Mumbai inched closer to Rs 100 as its retail prices now are Rs 94.12 a litre. Diesel is also the most expensive in Mumbai at Rs 84.63 a litre.
February 10, 2021 -
Petrol prices, Diesel prices, crude oil, Saudi Arabia, Brent, WTI
This latest hike took the petrol prices in Chennai and Kolkata to Rs 88.82 and Rs 87.69 respectively.
January 27, 2021 -
Petrol, diesel prices continue to soar, hit new highs on Tuesday
This comes after international oil prices firmed up in hopes of demand returning from the rollout of coronavirus vaccines in different countries, including India.
January 26, 2021 -
Petrol, diesel prices maintain upward trend to hit all-time highs
India’s financial capital, Mumbai, also witnessed a sharp rise in fuel prices as petrol was being sold at Rs 92.28 a litre while the diesel was priced as Rs 82.66 per litre.
January 23, 2021 -
Brent crude nears $55/bbl with Saudis pledging supply cut
The March contract of Brent on the Intercontinental Exchange (ICE) was at $54.70 a bbl, higher by 0.74 per cent from its previous close.
January 7, 2021