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  Over the roof! Petrol price up Rs 36 a litre, diesel 26.58 in less than 18 months

  Business | October 23, 2021 15:13 IST

  Petrol in Delhi now costs Rs 107.24 a litre and diesel comes for Rs 95.97, according to a price notification of state-owned fuel retailers.

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  Will Afghanistan situation have bearing on global oil prices?

  World | August 20, 2021 22:36 IST

  If the turmoil is restricted within Afghan boundaries, the impact would be limited. But if Afghanistan continues to be on the boil, and boil violently, the oil-producing regions of the Middle East and Central Asia could get affected and, consequently, oil prices.

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  OPEC and allies agree to gradually boost crude oil output

  World | April 01, 2021 23:39 IST

  ​The OPEC oil cartel and allied countries said Thursday that they have decided to add gradually add back some 2 million barrels per barrel per day of oil production from May to July, moving cautiously in pace with the recovery of the global economy from the COVID-19 pandemic.  

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  Increase in prices of crude oil in international markets led to fuel price hike: Dharmendra Pradhan

  News | February 23, 2021 16:45 IST

  On increasing fuel prices in the country, Union Petroleum and Natural Gas Minister, Dharmendra Pradhan said that it has happened due to increase in prices of crude oil in international markets.

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  Petrol, Diesel prices rise for 4th consecutive day in MP

  News | February 14, 2021 20:20 IST

  Petrol and diesel prices have gone up in Madhya Pradesh and stood at Rs 96.69 and Rs 87.20 per litre respectively on February 14.As compared to yesterday, the price of petrol has become costlier by 0.32 paise while diesel price increased by 0.4 paise.

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  Oil sheen observed at backside of MT New Diamond ship carrying 3 lakh ton of crude oil

  India | September 09, 2020 10:44 IST

  The Indian Coast Guard has said oil sheen has been observed astern/backside of the very large crude carrier (VLCC) New Diamond that has been on fire for the past six days. The Coast Guard said oil spill dispersants were sprayed by its Dornier aircraft to neutralise. 

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  Oil price plunges below zero as demand collapses; Asian shares skid

  Business | April 21, 2020 9:38 IST

  Traders are still paying more than $20 for a barrel of U.S. oil to be delivered in June, which analysts consider to be closer to the “true” price of oil. Crude to be delivered next month, meanwhile, is running up against a stark problem: traders are running out of places to keep it, as factories, automobiles and airplanes sit idled around the world.

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  COVID-19: Oil prices drop below zero as demand collapses

  News | April 21, 2020 9:52 IST

  Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store it.

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  Govt cuts import duty on crude, refined palm oils under ASEAN, IMCECA pacts

  Business | January 01, 2020 18:07 IST

  The government on Wednesday slashed import duty on refined palmolein from 50 per cent to 45 per cent, while that on crude palm oil (CPO) from 40 per cent to 37.5 per cent with immediate effect, a move that the industry opposed saying it will hurt domestic refiners.  

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  Petrol price at 1-year high, diesel stable

  India | November 26, 2019 13:11 IST

  Benchmark crude oil Brent crude on the International Market Intercontinental Exchange has risen nearly three dollars a barrel this month.

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  Iraq’s protests raise question: Where does the oil money go?

  World | November 14, 2019 17:49 IST

  Waves of violent protests have engulfed Baghdad and Iraq’s southern provinces, with demonstrators chanting for the downfall of a political establishment that they say doesn’t prioritize them.

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  Core sector output shrinks by 5.2 pc in September

  Business | October 31, 2019 18:04 IST

  The eight core sectors had expanded by 4.3 per cent in September 2018. Production of seven sectors of coal, crude oil, natural gas, refinery products, cement, steel, and electricity contracted in September.

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  Rupee furthers loss by 18 paise as crude worries hurt sentiment

  Business | September 17, 2019 18:39 IST

  At the Interbank Foreign Exchange, the rupee opened at 71.83 then lost further ground and fell to an intra-day low of 71.98 against the US dollar.  

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  US crude oil inventories decrease last week: American Petroleum Institute

  Business | July 10, 2019 10:05 IST

  The American Petroleum Institute (API) on Tuesday reported a decrease of 8.129 million barrels in the US crude oil inventories for the week ending July 5.

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  Oil prices jump nearly 4% over attack on oil tankers

  Business | June 13, 2019 18:33 IST

  The benchmark Brent Crude on Thursday logged a steep jump of nearly 4 per cent over reports of attack on oil tankers in the Gulf of Oman.

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  Your petrol pump wala may hold secret to Lok Sabha election win

  India | March 15, 2019 19:04 IST

  The previous Congress-led UPA government had lost elections in 2014 when petrol prices had risen sharply in September 2013 to Rs 83.67. This is almost identical to price trend under the current regime when petrol price shot up to an all-time high level of over Rs 90 a liter in Mumbai in September 2018, just a few months ahead of the general election.

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  Sensex posts its biggest single-day gain in 19 months, closes at 34733.58

  Business | October 12, 2018 16:22 IST

  Both indices ended the week higher for the first time in six weeks. During the period the Sensex climbed 366.59 points and Nifty rose 156.05 points.

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  No respite to common man despite fuel price cuts

  News | October 07, 2018 11:10 IST

  The revised rates of petrol in Delhi stood at Rs 81.82/litre and Rs 73.53/litre respectively.

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  Rupee falls 33 paise to 72.96 against US dollar

  Business | September 25, 2018 10:09 IST

  On Monday, the local currency had ended sharply lower by 43 paise to 72.63 against the US dollar.

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  Fuel prices hike again; Petrol nears Rs 90 mark in Mumbai

  News | September 16, 2018 14:47 IST

  Fuel prices continued to skyrocket yet again on Sunday. Petrol, diesel prices were hiked by 28 paise per litre and 18 paise per litre respectively in Delhi.