Mon, Oct 28, 2024
Oil prices fell sharply on Monday, to four week low, weighed by easing fears of a Middle East war after an Israeli strike against Iran, over the weekend
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Tue, Oct 01, 2024
Brent crude slipped below $70, Brent crude fell by about 2.5%
Fri, Sep 27, 2024
Saudi attack on Brent Crude. Bad condition of Brent Crude! How long will the prices of Crude fall? When will there be stagnation in crude oil? And will crude oil slide? Know complete details in this video.
Mon, Jun 18, 2018
From May 30, the OMCs are being forced to cut petrol prices despite Brent crude hovering near $73 per barrel.
China on Friday said it would retaliate by slapping duties on American export products, including crude oil.
Sun, Jun 17, 2018
For the Indian government, fuel is a major generator of revenue and that is why authorities have been reluctant to provide relief.
Sat, Jun 16, 2018
From May 30, the OMCs are being forced to cut petrol prices despite Brent crude hovering near $73 per barrel.
Thu, Jun 14, 2018
China on Thursday reported a drop in refinery activity, from 12.06 million barrels per day (bpd) in April to 11.93 million bpd in May, although year-on-year runs were still up by 8.2 percent.
Wed, Jun 13, 2018
From May 30, the OMCs are being forced to cut petrol prices despite Brent crude hovering near $76 per barrel.
Tue, Jun 12, 2018
Mon, Jun 11, 2018
Over Rs 1 litre diesel price cut has been ordered so far. Cities like Mumbai, Kolkata and Chennai have seen major relief in diesel rates.
Sun, Jun 10, 2018
Over Rs 1 litre diesel price cut has been ordered so far. Cities like Mumbai, Kolkata and Chennai have seen major relief in their diesel rates.
The trend is changing regarding petrol prices and the reason may well be the fast approaching 2019 elections and the government would not want a dissatisfied public on hand.
Sat, Jun 09, 2018
For the Indian government, fuel is a major generator of revenue and that is why authorities have been reluctant to provide relief to consumers.
On Saturday, petrol prices were down in the range of 39 paisa to 42 paisa per litre in metro cities, as per data given by Indian Oil Corp.
Wed, Jun 06, 2018
The U.S. government has unofficially asked Saudi Arabia and some other OPEC producers to increase output, sources told Reuters on Tuesday. OPEC and Russia will meet on June 22/23 to decide whether to increase production following a fall in global inventories as world demand outstrips supply.
For the Indian government, fuel is a major generator of revenue and that is why authorities have been reluctant to provide relief to consumers.
The fuel price rise was an outcome of higher crude oil prices, and no relief in excise duty and Value Added Tax (VAT) which left limited room for OMCs.
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