London: Oil prices dropped on Monday, nearing their lowest level this year, in line with another decline across global stock markets, which came under pressure from concern about a US government shutdown and a worsening world economy.
New Delhi: The government is likely to account for a significant portion of its subsidy burden for the current fiscal, including ₹20,000 crore on subsidizing fuel, in 2019-20 to meet the fiscal deficit target for the year to 31 March.
New Delhi: The US decision to let India keep buying oil from Iran after reimposition of sanctions on the Persian Gulf nation is a reassertion that interests of consuming nations can not be ignored, Oil Minister Dharmendra Pradhan said on Saturday.
New Delhi: Petrol price has been cut by over Rs 4 per litre and diesel by Rs 2.33 in the last 18 days on softer international rates, a pace faster than the spike in prices witnessed in the two-month period beginning mid-August.
NEW DELHI: Shares of HPCL (up 2.55 per cent), BPCL (up 1.17 per cent), ONGC (up 0.71 per cent) and Indian Oil Corporation (up 0.28 per cent) were trading with gains during Thursday’s session amid a decline in global crude oil prices.
Mumbai: Petrol and diesel prices rise for the sixth straight day on Tuesday across metros. The price of petrol in Delhi retailed at Rs 77.06 per litre and diesel to Rs 68.50 a litre, according to price notification of Indian Oil Corp (IOC).
Tokyo: Brent crude led oil prices higher, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed US inventories fell to a 3-1/2 year low.
Singapore: A strong global economy and rising oil prices are expected to push up the cost of air travel in 2019, with fares seen rising 2.6 per cent and hotel rates up 3.7 per cent, although there are downside risks from a trade war, according to an industry forecast.
New Delhi: Finance secretary Hasmukh Adhia on Friday said the all powerful GST Council will consider bringing petroleum products under Goods and Services Tax (GST) and it could happen in phases.
New Delhi: With international crude oil prices rising and Rupee weakening, state-owned oil marketing companies (OMCs) on Thursday hiked petrol and diesel prices for the first time in more than a month.