A mixed bag
The Indian economy is currently at a critical juncture. The Centre’s recent monthly economic report paints a picture that’s both…
The Indian economy is currently at a critical juncture. The Centre’s recent monthly economic report paints a picture that’s both…
There is clearly room for a correction in the mid-cap area, most particularly as a continuing rise in the oil…
A reduction of that magnitude would be the biggest since the Covid-19 pandemic, although the delegates said a final decision on the size of the cuts would not be made until ministers gather in Vienna on Wednesday.
Oil prices rose more than 1 per cent on Tuesday after declining to a nine-month low a day earlier, amid the hint that the Organization of the Petroleum Exporting Countries (Opec+) -- the producer alliance -- may go for output reductions to prevent further collapse in prices.
Across the country as well, the petrol and diesel price remained unchanged on Tuesday but its retail levels varied depending on the level of local levies in respective states.
1. This is the third straight monthly reduction in rates of LPG or market-priced cooking gas, which users who have given up subsidy buy. 2. Domestic LPG users are entitled to buy 12 bottles of 14.2 kg each at subsidised rates in a year.
In India’s almost all big cities petrol and diesel prices witnessed a sharp surge by 10-11 paise and 15-16 paise respectively.
Crude prices in the international market continue to be low compared to the last session, even though international benchmark brent crude has recorded a spike of $2 per barrel this month.
The Indian oil official website showed a 5 paise (per litre) drop in petrol prices in four major cities.
International benchmark Brent Crude was quoting lower by 0.37 per cent at USD 61.44 per barrel.
