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  Oil prices set for 8 per cent war spike, gold and silver surge as Middle East conflict escalates

  Business | March 01, 2026 14:23 IST

  India relies on imports for 90% of its crude oil—half sourced from Gulf states—leaving it highly exposed; Iran's shutdown of the Strait of Hormuz, strangling 20% of world supply, threatens disaster.

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  Commercial LPG prices slashed by Rs 51.50, no change in domestic cylinder rates

  Business | August 31, 2025 23:41 IST

  Analysts believe the latest reduction in commercial LPG rates will offer a minor cushion to eateries, dhabas, and small-scale food operators, many of whom grapple with rising costs. Though the cut is not substantial, it is expected to marginally ease expenses.

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  How did Ebrahim Raisi's tragic demise affect global oil, gold prices? DETAILS

  Business | May 21, 2024 10:44 IST

  Raisi's untimely death has prompted speculation on global markets as Iran is a major oil-producing country. However, experts believe his death won't have a significantly debilitating effect as all state matters are controlled by Iran's Supreme Leader Ayatollah Ali Khamenei.

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  Oil prices jump nearly 6% after OPEC+ output cuts

  Business | April 03, 2023 13:14 IST

  The OPEC+ cartel’s decision fueled fears of another price increase, putting pressure on central banks to raise interest rates.

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  Oil price rise in India is way 'below' global price hikes: Petroleum Minister Hardeep Singh Puri

  World | October 08, 2022 11:56 IST

  Oil price rise in India: Puri is scheduled to meet energy business leaders in Houston on Saturday.

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  Air travel to become dearer as jet fuel prices hiked by 2% to all-time high

  Business | April 01, 2022 8:45 IST

  Jet fuel, which makes up for almost 40 per cent of the running cost of an airline, has this year surged to new highs.

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  Petrol, diesel prices hiked again; sixth increase in a week

  Business | March 28, 2022 7:54 IST

  Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab -- a period during which the cost of raw material (crude oil) soared by about USD 30 per barrel.

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  India not violating sanctions, but Russian oil deal could place it on 'wrong side of history': US

  World | March 16, 2022 12:11 IST

  India is planning to purchase discounted crude oil and related commodities from Russia with payment via rupee-rouble transaction amid tough sanctions from the US.

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  Muqabla: US to release 50 million barrels of oil with India, China, UK to ease prices

  News | November 24, 2021 22:00 IST

  President Joe Biden on Tuesday ordered 50 million barrels of oil released from the strategic reserve to help bring down energy costs, in coordination with other major energy-consuming nations, including China, India, and the United Kingdom

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  Will US oil price collapse lead to any big drop in India's fuel prices?

  Business | April 21, 2020 18:47 IST

  The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.

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  Oil prices plunge below zero as demand collapses, stocks dip

  Business | April 21, 2020 0:06 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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  Asked PM to pass oil price crash benefit to people, but 'genius' hiked fuel excise duty: Rahul

  Politics | March 15, 2020 15:52 IST

  Taking a dig at Prime Minister Narendra Modi, Congress leader Rahul Gandhi on Sunday said he had asked the PM to to pass on the benefit of the global oil price crash to Indian consumers, but instead "our genius" hiked excise duty on fuel.

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  Sensex freefalls 1,941 pts marks worst fall ever; coronavirus, oil prices and Yes Bank play catalyst

  Business | March 09, 2020 16:57 IST

  Indian stock market has seen its worst fall ever on Monday. Market benchmark Sensex plummeted over 1,941 points on Monday, wiping off investor wealth worth around 7 lakh crore, following global market meltdown triggered by rapidly-spreading coronavirus and free fall in oil prices. After sinking over 2,467 points during the day, the 30-share index settled 1,941.67 points or 5.17 per cent lower at 35,634.95.

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  Oil war triggered by Saudi price cuts to benefit India immensely

  Business | March 08, 2020 20:52 IST

  Large energy consumers, including India and China, may head for an oil bonanza with the world's largest oil producer Saudi Arabia looking to ramp up production to well above 10 million barrels from next month

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  Emerging economies like India more vulnerable to big oil price moves:

  Business | September 17, 2019 15:38 IST

  Crude oil benchmark, Brent futures, surged by almost 20 per cent to USD 71.95 per barrel (intra-day) on Monday after twin drone attacks on Saturday wiped out more than half of Saudi Arabia's crude supply.

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  Congress calls for Bharat bandh tomorrow, Sonia Gandhi to take part

  News | September 09, 2018 20:31 IST

  Congress calls for Bharat bandh tomorrow, Sonia Gandhi to take part

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  First time in 15 years, Saudi Arabia seeks Rs 66k crore in foreign loan: report

  World | April 20, 2016 17:50 IST

  Faced with an unprecedented economic crunch over its dipping oil revenues, Saudi Arabia has reached an agreement with foreign banks for a $10 billion (Rs 66,200 crore) loan to bridge the gap in its state finances, a media report citing people privy t

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  Iran nuclear deal cheers Indian industry, stock markets

  July 15, 2015 17:40 IST

  New Delhi:  The prospects of importing cheaper oil from Iran after it signed a nuclear deal with six world powers led by the US cheered Indian industry and the equity markets on Wednesday.This followed Tuesday's

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  India to benefit from oil price fall post-Iran deal: Dharmendra Pradhan

  Politics | July 15, 2015 16:26 IST

  New Delhi:  International oil prices will come down with the imminent lifting of sanctions against Iran and benefit India, Petroleum Minister Dharmendra Pradhan said today."With Iran coming to market, the assumption is that there will

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  Oil prices plunge amid Greek worries

  July 07, 2015 7:16 IST

  New York: Oil prices plummeted after Greece rejected debt bailout terms.In a Sunday referendum, more than 61 percent of Greeks voted " NO", rejecting a proposal from international creditors that included pension cuts, tax increases