Inflation: Pulses put on display for sale at wholesale grocery market Khari Baoli, Delhi | Photo Credit: Sushil Kumar Verma The latest annual report released by the RBI highlights the factors and disruptors that heightened inflation levels worldwide. It also identifies the specific commodities that affected inflation across different components, like food, fuel and core […]
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A flare to burn methane from oil production is seen on a well pad near Watford City, North Dakota, Aug. 26, 2021. | Photo Credit: AP Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs. Brent crude futures fell […]
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What is OPEC+? Why have they slashed oil output? What is its effect on India and global relations? What is OPEC+? Why have they slashed oil output? What is its effect on India and global relations? The story so far: On October 4, the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as […]
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India is 85% dependent on imports for meeting its oil needs and so retail pump rates are directly dependent on happenings in the global markets. India is 85% dependent on imports for meeting its oil needs and so retail pump rates are directly dependent on happenings in the global markets. International oil prices have hit […]
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Indian refiners lifted more term supplies from Saudi Arabia as prices were attractive while prices for Russian supplies have climbed on robust demand Indian refiners lifted more term supplies from Saudi Arabia as prices were attractive while prices for Russian supplies have climbed on robust demand India’s crude oil imports from Russia in July fell […]
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Fuel retailers Indian Oil Corporation, BPCL and HPCL have urged customers not to resort to panic buying as sufficient petrol and diesel stocks were available. The appeal came as petroleum dealers continued to complain about not being given adequate supplies on time. The state-run companies, who between them command the lion’s share of fuel sales, […]
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The Indian basket of crude oil on June 9 touched $121.28, matching levels seen in February-March 2012 The Indian basket of crude oil on June 9 touched $121.28, matching levels seen in February-March 2012 The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices […]
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Commercial LPG rates were reduced to ₹2,219 per 19-kg cylinder, from ₹2,354, the notification showed Commercial LPG rates were reduced to ₹2,219 per 19-kg cylinder, from ₹2,354, the notification showed Jet fuel prices on June 1 were cut by 1.3 per cent — the first reduction after 10 rounds of price hikes — on softening […]
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On Tuesday, the rupee declined by 17 paise to close at its all-time low of 77.71 against the U.S. currency On Tuesday, the rupee declined by 17 paise to close at its all-time low of 77.71 against the U.S. currency Recovering from its record low, the rupee rose by 14 paise to 77.57 against the […]
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