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.
Sat, May 12, 2018
Crude oil is buoyant since then, but in 2018, it has once again started trending in the level of four-year highs and touched over $77 per barrel.
India gave up on petrol, diesel subsidy and linked prices to the international markets in hope that consumers will benefit as crude oil prices were trading at a third of their lifetime highs. It was also directed at getting rid of massive subsidies on the fuels.
Fri, May 11, 2018
The global oil market is finely balanced, with top exporter Saudi Arabia and No.1 producer Russia having led efforts to curb oil supply to prop up prices. Benchmark Brent crude was down 20 cents at $77.27 a barrel by 1330 GMT. On Thursday Brent hit $78, its highest since November 2014. U.S. light crude was down 10 cents at $71.26, having touched a 3-1/2 year high of $71.89 on Thursday.
Wed, May 09, 2018
Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted in return for curbs on its nuclear programme, with its April exports standing above 2.6 million barrels per day (bpd). That made Iran the third biggest exporter of crude within the Organization of the Petroleum Exporting Countries (OPEC), behind Saudi Arabia and Iraq.
Diesel price today was kept unchanged and this situation has lasted now for more than two weeks in view of the upcoming Karnataka polls, scheduled on May 12.
India gave up on petrol, diesel subsidy and linked prices to the international markets in hope that consumers will benefit as crude oil prices were trading at a third of their lifetime highs.
Tue, May 08, 2018
Diesel prices have been kept unchanged for two weeks in view of the upcoming Karnataka polls, scheduled on May 12. So, neither are they falling, nor rising.
Mon, May 07, 2018
In Mumbai, diesel prices stood over Rs 70 per litre mark and now looks like Kolkata and New Delhi may also see the price at Rs 69 per litre and Rs 66 per litre mark respectively.
Reports have indicated that the upcoming Karnataka poll is the main reason for petrol prices to remain unchanged. The southern state will go to polls on May 12.
Sun, May 06, 2018
The Karnataka state will go for poll on May 12. Meanwhile, international crude oil prices have peaked near $75 per barrel highest since November 2014.
The government has also asked OMCs to absorb Rs 1 per litre hike in their basket, thereby, providing them limited room for reduction in prices of fuel products.
Sat, May 05, 2018
Wed, May 02, 2018
Due to Karnataka assembly poll, the state-owned OMCs chose to follow opposite trend despite drop in the global crude as they kept diesel price today unchanged for the ninth consecutive day in various state capitals of India.
There is a limited room for reduction in the petrol prices as global crude continue to be volatile this year.
Mon, Apr 30, 2018
Diesel prices have remained unchange for seventh consecutive day today.
Since the government has asked OMCs to absorb Rs 1 per litre hike in their basket, the companies have limited room for reduction in prices of fuel products.
Sun, Apr 29, 2018
Diesel price in India today: The government has asked OMCs to stop raising fuel prices, and also to absorb Re 1 per litre hike in the product.
Petrol price in India today: It needs to be noted that government has ruled out the excise duty cut option on fuel, whereas states have been reluctant in trimming down the Value Added Tax (VAT) levied on these product.
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