Search For "oil prices"
"India has adequate energy supplies": Union Minister Puri amid Iran-Israel
Updated : 9 months ago IST
The oil supply update by the minister attaches importance, given that the international oil prices shot up sharply post the early morning attack on Iran by Israel. At the time of filing this report, crude oil WTI futures were trading 6 per cent higher at USD 72.04 per barrel.
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Higher risk buffers by RBI strengthen its balance sheet, support India's m
Updated : 9 months, 2 weeks ago IST
The Reserve Bank of India's (RBI) decision to maintain higher risk buffers is expected to strengthen its balance sheet and support India's macroeconomic fundamentals, especially at a time when global oil prices are expected to remain benign, according to a recent report by ICICI Bank.
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Govt has taken measures to keep oil prices in control for consumers: Harde
Updated : 9 months, 2 weeks ago IST
Puri mentioned that the government had reduced the cess on petrol and diesel in November 2021 and May 2022, leading to price reductions of Rs 13 and Rs 16 per liter, respectively. He attributed this to the combined efforts of the central and state governments in reducing taxes.
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Global crude prices to trade with a downward bias in 2025 in range of USD
Updated : 9 months, 3 weeks ago IST
Global crude oil prices are likely to trade with a downward bias in 2025, according to a recent report by ICICI Bank.
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Oil companies losses on LPG expected to decrease by around 45% in FY26 if
Updated : 10 months ago IST
LPG losses incurred by oil marketing companies (OMCs) are expected to decrease by around 45 per cent in FY26 if crude oil prices remain stable at USD 65 per barrel, according to a report by CareEdge Ratings.
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"Modi government 'squeezed' rightful share of states in cess on petrol, di
Updated : 10 months, 3 weeks ago IST
Congress President Mallikarjun Kharge on Tuesday hit out at the Modi government over the imposition of cess on petrol and diesel despite falling global crude oil prices and alleged that even though it has collected 38.89 lakh crore since 2014, it has "squeezed" the rightful share of states b
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Decline in crude prices boosts India's resilience to global uncertainty: R
Updated : 10 months, 3 weeks ago IST
As crude oil prices decline sharply and global commodity markets reel under pressure, India's macroeconomic fundamentals appear much stronger compared to previous global crises, highlights a report by Motilal Oswal.
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Why are we not benefiting from falling crude prices?: Supriya Sule slams c
Updated : 11 months, 1 week ago IST
Nationalist Congress Party (Sharad Chandra Pawar) MP Supriya Sule on Tuesday expressed surprise at the recent hike in LPG cylinder prices, questioning why the public is not getting the benefit of the fall in crude oil prices in the country.
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New US sanctions have negligible impact on Russian oil exports: HSBC Globa
Updated : 11 months, 3 weeks ago IST
"Russian exports have continued almost as normal despite new US sanctions announced in January," says the report.
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"Modi Ji only tells 'Mann Ki Baat' through long one-sided podcasts": Kharg
Updated : 12 months ago IST
In a post on X, Kharge accused the government of exploiting the public, claiming that while crude oil prices have dropped by 34% since May 2014, the prices of fuel remain unchanged.
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Core inflation edged higher because of surge in gold prices; food inflatio
Updated : 1 year ago IST
Core inflation edged higher in February, mainly due to a surge in gold prices, but the stabilization of global edible oil prices and expectations of a normal monsoon suggest a favourable food inflation trend in the coming months.
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India's wholesale inflation likely fell to 2 pc in February from 2.3 pc in
Updated : 1 year ago IST
India's Wholesale Price Index (WPI) inflation is expected to decline to 2 per cent in February 2025 from 2.3 per cent in January, primarily due to a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India.
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