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global crude prices

09 Jan 2017

Oil slips $1 on concerns U.S. production is rising

Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.

Petrol prices in January

01 Feb 2016

Despite low global prices, petrol price slashed by measly 4 paisa/litre; diesel price cut by 3 paisa/litre

Petrol price in Delhi are down by just about 4 paisa a litre, and diesel prices cut 3 paisa per litre

Petrol diesel prices in January

15 Jan 2016

Govt giving a penny, extracting a pound: Cong on petrol, diesel prices

Congress tonight reacted sharply to government's handling of petrol and diesel prices accusing it of "giving a penny and extracting a pound."

Indian crude basket in January

12 Jan 2016

Unbelievable! Petrol, diesel prices cheaper than a litre of water?

Petrol and diesel prices would have been cheaper than a litre of packaged water, provided government didn't keep raising excise duty on both fuels

Indian Oil Corporation slash petrol prices

01 Dec 2015

Petrol cheaper by 58 paisa per litre, diesel down by 25 paisa a litre

The three state-run oil marketing companies on Monday reduced petrol and diesel prices. Petrol and diesel will be cheaper by 58 paisa a litre and 25 paisa per litre respectively in the national capital. The reduction will be effective from midnight Monday.

23 Jul 2015

World Bank raises forecast for 2015 global crude prices

The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the April to June quarter.

05 Feb 2015

Lower crude prices to boost Asia-Pacific sovereigns: Moody's

In the December quarter alone crude prices have fell around 60 percent.

23 Dec 2014

OPEC won`t cut output even at $20 a barrel: Saudi Arabia

OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not, Saudi Arabia said.

14 Nov 2014

'Oil duty hike to shore up govt revenue by Rs 11,000 cr'

The excise duty hike on petrol and diesel by Rs 1.50 per litre will generate Rs 11,000 crore in additional revenue for the government this fiscal, India Ratings said on Friday.

Wholesale inflation

14 Nov 2014

With low global crude prices, inflation to ease further: FM

As wholesale inflation fell to a five-year low, Finance Minister Arun Jaitley today said that decline in global crude prices should further help in improving the price situation.

23 Jun 2014

Oil prices firm on Iraq tensions

US benchmark West Texas Intermediate was up 31 cents to USD 107.14, while Brent crude gained 35 cents to USD 115.16 in mid-morning trade.

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