Crude oil slump a boost for oil companies, consumers will have to wait for relief 

Crude oil slump a boost for oil companies, consumers will have to wait for relief 

Despite Indian oil marketing companies now making a profit of ₹11.1 per litre of diesel and ₹8.7 per litre of petrol, consumers hoping for a retail price cut amid persistently high inflation are unlikely to get any relief soon, analysts say. Image for representational purpose only. With global crude oil prices slipping below $75 per barrel […]

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Rupee slips 2 paise to close at 79.85 against U.S. dollar

Rupee slips 2 paise to close at 79.85 against U.S. dollar

Surge in crude oil prices and mixed to negative domestic equity markets restricted the rupee’s movement, says expert Surge in crude oil prices and mixed to negative domestic equity markets restricted the rupee’s movement, says expert The rupee consolidated in a narrow range and depreciated 2 paise to close at 79.81 (provisional) against the United […]

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Government to review oil export tax based on forex rate, oil prices every fortnight

Government to review oil export tax based on forex rate, oil prices every fortnight

Centre to monitor moves but has set no levels for rolling back windfall tax: Bajaj Centre to monitor moves but has set no levels for rolling back windfall tax: Bajaj The government will review the just introduced windfall tax on domestically produced crude oil and fuel exports every two weeks based on foreign currency rates […]

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