Oil Prices
Business  /  Published 18.08.22

Oil at 6-month low; petrol at breakeven

International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said. The...
By PTI in New Delhi

Business  /  Published 09.08.22

CAD may rise this year

Rising global interest rates and high oil prices could push the current account deficit higher in 2022-23. “The US is raising interest rates, so is England, Australia, Canada ... even the Europ...
By A Staff Reporter in Calcutta

Business  /  Published 13.07.22

Windfall tax review on oil retailers likely

A massive crash in refining margins of diesel, petrol and ATF coinciding with a cool-off in crude oil prices from their peaks in June has diminished the super-profits of refiners, a report said on Wed...
By Our Bureau, PTI in New Delhi

Business  /  Published 07.07.22

Edible oil makers told to cut prices

Amid a fall in global prices, the government on Wednesday directed edible oil manufacturers to further cut the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per litre within a wee...
By PTI in New Delhi

Business  /  Published 17.06.22

Scramble to raise rates in Europe

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings...
By Reuters in Bern


Business  /  Published 01.06.22

Rising yields deepen inflation fears

Bond yields did not hit the roof even after the RBI’s surprise 40 basis points hike in the repo rate earlier this month because of expectations of support from the central bank and early monsoon...
By Our Special Correspondent in Mumbai

People  /  Published 03.05.22

Energy Aspects to set up office in Kolkata, says Amrita Sen; warns of oil at $150/barrel

Finally, where do you see yourself in five years’ time? Do you want to remain in the oil industry or shift your focus to something else in the future? I see myself continuing in this industry. ...
By Priyam Marik

Business  /  Published 05.04.22

RBI may play safe on rates

While the RBI had projected inflation to come at 4.5 per cent in 2022-23 in its February policy, the note said that there is an upside risk due to various factors such as soaring crude oil prices. SB...
By Our Special Correspondent in Mumbai

Business  /  Published 31.03.22

Oil prices see spike of 3 per cent

Oil prices jumped by more than 3 per cent on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks. Brent crude futur...
By Reuters in London

Business  /  Published 27.03.22

Fuel price hiked again

Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre...
By Our Bureau, PTI in New Delhi


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