Oil Price
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Saudi cuts oil prices by USD 11 per barrel, biggest reduction in decades: How will it help India?
World | Jul 07, 2026, 02:52 PM ISTThe Saudi crude price cut is a positive development for India, one of the world’s largest crude importers and among Saudi Arabia’s biggest customers.
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Oil prices jump to $100 per barrel, stocks sink worldwide with no clear end in sight for Iran war
India | Mar 13, 2026, 08:14 AM ISTAt least 19 commercial ships have been damaged so far in the war, figures showed Thursday. Through Wednesday night, there had been at least 16 vessels attacked in the Persian Gulf and the wider region, according to the Joint Maritime Information Center, a coalition overseen by the US Navy.
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Oil prices set for 8 per cent war spike, gold and silver surge as Middle East conflict escalates
Business | Mar 01, 2026, 02:23 PM ISTIndia 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 | Aug 31, 2025, 11:41 PM ISTAnalysts 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 AM ISTRaisi'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 | Apr 03, 2023, 01:14 PM ISTThe 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 | Oct 08, 2022, 11:56 AM ISTOil 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 | Apr 01, 2022, 08:45 AM ISTJet 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 | Mar 28, 2022, 07:54 AM ISTPrices 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 | Mar 16, 2022, 12:11 PM ISTIndia 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 | Nov 24, 2021, 10:00 PM ISTPresident 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 | Apr 21, 2020, 06:47 PM ISTThe 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 | Apr 21, 2020, 12:06 AM ISTOil 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
National | Mar 15, 2020, 03:52 PM ISTTaking 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 | Mar 09, 2020, 04:57 PM ISTIndian 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 | Mar 08, 2020, 08:52 PM ISTLarge 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 | Sep 17, 2019, 03:38 PM ISTCrude 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 | Sep 09, 2018, 08:31 PM ISTCongress 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 | Apr 20, 2016, 05:50 PM ISTFaced 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
Jul 15, 2015, 05:40 PM ISTNew 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