Private refiners were also making windfall gains by sourcing Russian oil at discounted rates and re-exporting them to other markets. File | Photo Credit: The Hindu The government has extended export curbs on petroleum products that compel oil refiners to sell a significant chunk of their export volumes in the domestic market, as per a notification […]
Continue Reading
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 world’s best-known crude benchmark, Brent was trading at ₹94.91 per barrel on Thursday after concerns of a global recession led to […]
Continue Reading
Here are all the updates from the second day of the Parliament’s Monsoon Session Here are all the updates from the second day of the Parliament’s Monsoon Session With the first day of the Monsoon Session curtailed for tributes, disruptions, and also to facilitate members to take part in the Presidential polls, both Houses have […]
Continue Reading
India’s demand for petrol and diesel fell in the first half of July over the previous month as the onset of monsoon chipped away consumption in some sectors and restricted mobility, preliminary industry data showed on July 17. Diesel, the most widely used fuel in the country, saw consumption drop 13.7% during July 1-15 to […]
Continue Reading
Diesel saw sales jumping 35.2% year-on-year, while petrol sales by state-owned fuel retailers, which control roughly 90% of the market, were 29% higher in June than the same period last year Diesel saw sales jumping 35.2% year-on-year, while petrol sales by state-owned fuel retailers, which control roughly 90% of the market, were 29% higher in […]
Continue Reading
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 […]
Continue Reading
Centre on May 21 announced a record ₹8 per litre cut in excise duty on petrol and ₹6 reduction on diesel Centre on May 21 announced a record ₹8 per litre cut in excise duty on petrol and ₹6 reduction on diesel Petrol price on Sunday was slashed by ₹8.69 a litre and that of […]
Continue ReadingCopyright © 2022
Designed and Developed by Cpool Digital Learning
