Tag: fuel prices

Indian crude oil basket goes below $50 a barrel

The Indian basket of crude oils went below the psychological $50-a-barrel-mark this week as global prices fell on the back of a supply glut from rising US crude inventories, offsetting some of the output cut efforts from the Organisation of the Petroleum Exporting Countries (OPEC). As per available data, the Indian basket, comprising 73 per …

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March 24, 2017

LPG, jet fuel prices hiked in Delhi

State-run oil marketing companies (OMCs) on Saturday hiked the price of subsidised cooking gas, or LPG, along with kerosene and aviation turbine fuel (ATF). The three state-owned OMCs revise rates of LPG, Kerosene and ATF on the first of every month, based on global oil prices and the foreign exchange rate. This is the seventh straight …

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December 31, 2016