RBI Needs Longer Policy Support for Economic Recovery
The Reserve Bank of India (RBI) said that policy support is required to maintain India’s recovery. Earlier this month, The Reserve Bank of India’s (RBI)...
Tag : Crude Oil
Oil Climbs US Crude Stocks Boosts Demand
Oil prices climbed on June 24 after a sharp reduction in the United States crude and gasoline stocks reinforced optimism of a quick recovery in...
Indian, European Refiners Prepare to Buy Iranian Oil
Indian refiners and at least one European refiner are reviewing their crude oil purchases to make space for Iranian oil in the second half of...
Petrol, Diesel Rise Sharply For 2nd Day
Petrol and diesel prices in the country rose again sharply by 19 paise and 21 paise per litre respectively on Wednesday as Oil Marketing Companies...
WPI Inflation Spikes to Over 8-Year High of 7.39% in March
The wholesale price-based inflation shot up to over an 8-year high of 7.39 per cent in March on rising crude oil and metal prices. Also,...
Jet Fuel Price Cut by 3 Per Cent
In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with...
Govt Can Cut Excise Duty on Petrol, Diesel by Rs 8.5 Litre
The government has room to cut excise duty on petrol and diesel by up to Rs 8.5 per litre without impacting its target for revenue...
Petrol, Diesel Price Highest in More Than a Year After Today
Even as crude oil rates have softened to multi-year lows, the price of both petrol and diesel have touched to record high levels. Following nine days of...
Crude Oil Futures Up 2.32% on Global Cues
Crude oil prices have surged 2.32 per cent to Rs 2,382 per barrel as participants to enlarge their holdings tracking a positive trend overseas. On...
Petrol, Diesel Prices Rise After a Month
With crude oil rates rising over $62 a barrel, the price of petrol and diesel also rose today after more than a month’s gap. Petrol...