Shares gain on finance, consumer boost after overnight oil selloff
Indian shares posted their best session in two weeks on Wednesday as finance and consumer goods stocks gained.
Jul 06, 2022, 16:32 PM IST
Crude Oil price rises 3% as supply and global recession concerns continue
Russia's former president Dmitry Medvedev warned that a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil in the market and push prices above $300-$400 a barrel.
Jul 06, 2022, 11:36 AM IST
New taxes to hurt disinvestment plans, corporate profits, investment climate: Kotak Securities
In a research report, Kotak Securities said the bulk of the recent earnings downgrades are largely because of the export taxes on steel, diesel, petrol and additional excise duty on crude oil and hoped that such measures are for a short term and do not extend to other sectors.
Jul 05, 2022, 14:59 PM IST
Govt to review oil export, windfall tax based on forex rate, international oil prices every fortnight
Revenue Secretary Tarun Bajaj said the USD 40 per barrel level of oil prices being talked about for a rollback of the levy is unrealistic, considering the international oil rates currently.
Jul 04, 2022, 14:31 PM IST
Govt hikes taxes on petrol and diesel exports, imposes windfall tax on crude oil
Small producers whose annual crude production in the previous fiscal year was less than 2 million barrels will be excluded from this cess.
Jul 01, 2022, 12:12 PM IST
Lanka IOC provides fuel as government pumps go dry in island nation
On Monday, The Sri Lankan government announced that only essential services will operate from midnight till July 10 and all other operations will be temporarily suspended as the crisis-hit nation faces an acute fuel shortage.
Jun 30, 2022, 08:54 AM IST
Petrol pumps in Rajasthan facing acute supply issue, 4,500 petrol pumps stop selling fuel after 9pm: Reports
As per media reports, nearly 4,500 petrol pumps out of 6,700 outlets in Rajasthan are facing acute shortate of oil. Reports further said that the petrol pum owners have to wai for over three days --starting from demand draft booking to getting the supply.
Jun 13, 2022, 09:57 AM IST
Markets lose early gains; Sensex tumbles 185 points in choppy trade
Sensex tanked 185 points amid mixed trends from global markets.
Jun 01, 2022, 16:30 PM IST
With petrol prices crossing Rs 420 and diesel Rs 400, Sri Lanka encourages people to work from home
Sri Lanka has now raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, taking the most-used Octane 92 petrol price at Rs 420 (USD 1.17) and diesel at Rs 400 (USD 1.11) per litre.
May 25, 2022, 09:37 AM IST
Sri Lanka fuel crisis worsening: 2-day old infant dies as father couldn't find petrol
Sri Lanka is currently facing a severe power and fuel emergency and is struggling to find dollars to import fuel and gas among other essentials.
May 23, 2022, 10:33 AM IST
Oil rises 1%, set for another weekly rise on supply concerns
The EU sanctions proposal includes phasing out imports of Russian refined products by the end of 2022 and a ban on all shipping and insurance services for transporting Russian oil.
May 06, 2022, 23:37 PM IST
India's oil import bill doubles to USD 119 bn in FY22
India had spent USD 62.2 billion on the import of 196.5 million tonnes of crude oil in the previous 2020-21 fiscal, when global oil prices remained subdued in the wake of the COVID-19 pandemic.
Apr 24, 2022, 20:23 PM IST
Petrol, Diesel Price Today, April 2: Fuel rates hiked across India; Check latest rates in metro cities
Petrol and diesel prices have risen in five states since the Assembly election results, owing to ongoing tensions between Russia and Ukraine, which have pushed crude oil prices to a seven-year high.
Apr 02, 2022, 08:32 AM IST
Petrol, Diesel price on April 1: Jet fuel price witnesses hike by 2%, check latest rates in metros
Aviation turbine fuel (ATF) - the fuel that makes planes fly - was raised by Rs 2,258.54 per kilolitre, or 2%, to Rs 1,12,924.83 per kilolitre in the national capital.
Apr 01, 2022, 08:22 AM IST
Petrol price to increase by 50 paise, diesel by 55 paise on Sunday: Check fuel rates in Delhi, Mumbai
Petrol will sell at Rs 99.11 per litre in Delhi on Sunday, March 27.
Mar 26, 2022, 22:28 PM IST
Oil mixed as dollar rises, EU looks less likely to ban Russian oil
A strong dollar makes crude more expensive for other currency holders and tends to weigh on risk appetite.
Mar 22, 2022, 23:49 PM IST
India's crude oil production drops 2.19 per cent in February
Crude oil production by Oil India Ltd in the nomination block during February 2022 was 230.25 TMT, which is 5.38 per cent higher when compared with production of February 2021.
Mar 22, 2022, 20:53 PM IST
India's legitimate energy transactions shouldn't be politicised: Govt on oil imports from Russia
India has not supported the Russian invasion of Ukraine.
Mar 18, 2022, 14:11 PM IST
India taking up Russian discounted oil offer will not violate US sanctions on Moscow: White House
The US-led West has imposed a series of financial sanctions against Russia for its actions in Ukraine.
Mar 16, 2022, 17:32 PM IST
Diesel prices raised by Rs 75 per litre, petrol by Rs 50 per litre --Know what Lanka Indian Oil Company said
With this increase, the price of petrol has shot up to Rs 254 per litre and diesel to Rs 214 respectively, an unprecedented high in fuel prices that comes at a time when the island nation is currently in the midst of its worst economic crisis in decades.
Mar 14, 2022, 09:57 AM IST