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04 Nov 2024

Oil Prices May Spike Only if Middle-East Conflict Escalates: Report

Middle-East Conflict: Crude prices are weak as fundamental factors do not support higher oil prices and there has not been any major attacks on the oilfields in Iran.

market analysis

14 Apr 2024

Markets Likely To Remain Volatile On Global Concerns

Within the IT sector, consolidation persists due to lacklustre Q4 earnings amid slowdowns in spending and uncertainties surrounding US policy rates.

04 Apr 2024

Rupee Rises 11 Paise To 83.42 Against US Dollar In Early Trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 104.19.

28 Mar 2024

Rupee Turns Flat At 83.33 Against US Dollar In Early Trade

Brent crude futures, the global oil benchmark, rose 0.53 per cent to USD 86.56 per barrel.

02 Dec 2022

Baat Pate Ki: Russia rejects Pak's demand to provide subsidized oil

Russia simply refused to give discounted crude oil to Pakistan. A delegation of Pakistani officials had sought 30 to 40 per cent discount on crude oil in talks with Russian officials. But, on the very next day of this conversation, Russia flatly refused to give any kind of discount to Pakistan in crude oil.

02 Dec 2022

Deshhit: Moscow refuses to give Pakistan discounted Russian crude oil!

Russia has bluntly told Pakistan that it will not give it cheap crude oil like India. For the second time in two months, a delegation of the Government of Pakistan went to Moscow. There it appealed to the Vladimir Putin government to supply oil to Pakistan at a 40% discount.

18 Aug 2022

DNA: Analysis of Jaishankar's 'Nation First' Policy

External Affairs Minister S Jaishankar said that India is not a very rich country like America, nor is the per capita income of Indian people very high. That's why we will buy the goods from where we can get it cheaper. Addressing the Indian community in Bangkok, Thailand's capital, the External Affairs Minister has spoken about crude oil imports from Russia.

27 Apr 2022

DNA: Why PM Modi had to speak on petrol and diesel prices?

Today, Prime Minister Narendra Modi appealed to many states of the country to reduce VAT to reduce oil prices. However, these are the state governments where there are often protests against expensive oil prices.

25 Feb 2022

How crude oil at $100 will affect India

In such a situation, India too might not be able to bypass the effects of a global crisis. Crude oil has risen to about 25 percent. On November 3 last year, the Modi government had reduced the excise duty on petrol and diesel by Rs 5 and Rs 10 respectively.

Russia-Ukraine conflict

24 Feb 2022

Oil breaches $100 for first time since 2014 on Ukraine attacks

Russia has launched a full-scale invasion of Ukraine and is targeting cities with weapons strikes, Foreign Minister Dmytro Kuleba said in a tweet.

Nirmala Sitharaman

22 Feb 2022

LIC IPO has a lot of buzz in the market, will happen soon, says FM Sitharaman

Sitharaman stated that rising crude prices are a challenge mentioned in the conference on financial stability, and that we will keep an eye on it.

20 Jun 2019

Finance Ministry to prepare fresh proposal for Air India sale

The ministry's proposal, to be placed before Air India Specific Alternative Mechanism (AISAM), will also include option of selling either 100 percent or 76 percent government stake in Air India.

31 May 2019

Oil drops 1%, set for biggest monthly fall since November as trade wars spread

Front-month Brent crude futures, the international benchmark for oil prices, were at $65.97 at 0639 GMT, down by 90 cents, or 1.4%, from last session`s close.

20 Sep 2018

As petrol prices sky-rocket, here's what people are doing to ease the pain

Taxes on petrol and diesel, which account for more than a third of retail fuel prices, are one of the biggest sources of income for state and central governments.

India oil prices

23 May 2018

More pain in future? Analysts claim crude oil to touch $100/barrel by 2019

Petrol and diesel have surged on the back of rallying international markets for crude oil, which are at an all time high.

International oil prices

17 May 2018

Oil hits highest since Nov 2014 as Brent edges closer to $80

They earlier touched their highest in more than 3-1/2 years at $79.49 a barrel.

Reserve Bank of India

25 Apr 2018

RBI to hike rates in June policy: Report

The six-member MPC, headed by RBI Governor Urjit Patel, had left the benchmark repo rate unchanged for the third time in a row after deliberations on April 4-5, citing inflationary concerns.

27 Dec 2017

Sensex gets off record level, oil risks linger

The BSE 30-share Sensex closed at 33,911.81, down 98.80 points, or 0.29 percent, after touching a new all-time intra-day high.

26 Nov 2017

Looming inflation to dash rate cut prospects: Assocham

The chamber observed that as uncertainty and apprehension loom over crude oil prices and vegetables, mainly on the back of rising retail prices of onion and tomatoes, it is disrupting household budgets.

taxes on petro products

26 Sep 2017

Taxes on petro products fetch government Rs 2.67 lakh crore

During the financial year 2016-2017, the government earned a whopping Rs 2.67 lakh crore revenue on account of several increases in indirect taxes (Excise, Customs and import duties) on such products.

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