Tag: Crude Oil Prices

The government brought down the tax on domestically produced crude oil to Rs 9,500 per tonne from Rs 11,000, effective November 2

Many other investment bankers predict a volatile situation if the winter turns out to be colder than usual. And in that scenario, the crude price may touch $100 per barrel

Bhubaneswar: In a move that could possibly help in taming spiraling prices, the Union Government on Tuesday announced a reduction in the basic excise duty levied on petrol and diesel. As per the decision, the basic excise duty rate on petrol and diesel (both branded and unbranded) will be reduced by Rs 2 per litre. […]

Mumbai: India’s benchmark stock indices advanced about 1 per cent on Monday, as investors stepped up equity purchases after a string of declines last week. Firm Asian cues, and a persistent decline in global crude oil prices also buoyed investor sentiment, sending the Sensex over 370 points higher, while the broader Nifty topped the 10,600-mark. […]

New Delhi: Petroleum Minister Dharmendra Pradhan will raise India’s concerns about rising crude oil prices at the meeting of the Organisation of Petroleum Exporting Countries (OPEC) to be held in Vienna later this month, the Minister said on Monday. Briefing reporters here on the sidelines of the Growth Net conclave organised by industry chamber CII, […]

New Delhi: Developments around the US government shutdown, trend in crude oil prices and movement of the rupee will set the tone for the equity markets this week, say experts. Markets may also witness bouts of volatility ahead of the expiry of December series derivatives contracts, they added. The US government slipped into a partial […]

Ahmedabad: Attributing the recent rise in fuel prices to a hurricane in the US, Union minister Dharmendra Pradhan today said the rates will come down in the next few days. “Fuel prices have gone up recently due to the hurricane in the US. As the prices reduce in the international market, they will come down […]

New Delhi: Petroleum Minister Dharmendra Pradhan has conveyed India’s concerns over rising crude oil prices and its effect on the domestic fuel rates in his meeting with Saudi Arabian Minister of Energy, Khalid Al-Falih, an official said. Speaking to Al-Falih here on Saturday, Pradhan talked of the need for uninterrupted supplies of crude oil and LPG […]

Mumbai: The BSE benchmark Sensex on Monday slipped nearly 262 points due to panic sell-offs by investors who were caught off guard by massive spike in crude prices after drone attack on the Saudi Arabia’s largest oil processing facility. Tracking oil prices movement, the Indian rupee saw heavy depreciation in value against the US dollar, spooking […]

New Delhi: Petroleum Minister Dharmendra Pradhan on Monday said here that oil prices would ease if the ongoing global tensions do not increase. He also said that crude oil prices have already eased by a few dollars per barrel in the past few days. Crude oil prices surged as high as 20 per cent on […]

Mumbai: The rollout of Covid-19 vaccines coupled with a gradual revival in demand has enabled crude oil prices to surge above $50 per barrel level in December 2020 for the first time in FY21, India Ratings and Research (Ind-Ra) said in a report. Besides, the report said the 1 million barrel per day (mb/d) production […]