MELBOURNE: Oil prices fell in early trade on Tuesday after weak Japanese industrial production data, not usually a market-moving factor, was enough to jangle trader nerves over a bumpy recovery in fuel demand as coronavirus pandemic restrictions ease. U.S. West Texas Intermediate (WTI) crude CLc1 futures briefly traded higher then fell 38 cents, or 1%, […]
Category: Deccan Chronicle
Deccan Chronicle
India to end central control of gas prices, lift LNG transport use
NEW DELHI: India will gradually end central controls on gas pricing as it seeks to attract foreign investment and technology to lift local output, oil minister Dharmendra Pradhan said. India, which is a large emitter of greenhouse gases and has multiple gas pricing regimes, aims to raise the share of gas in its energy mix […]
Oil falls in second straight session as virus cools demand
SINGAPORE: Oil prices fell for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading countries to resume partial lockdowns that could hurt fuel demand. Brent crude dropped 66 cents, or 1.6%, to $40.36 a barrel by 1150 GMT while U.S. crude was at $37.86, down 63 […]
Fuel prices hiked after a day’s pause; Petrol, diesel above Rs 80-mark
New Delhi: Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country on Monday, according to a price notification of state oil marketing companies. Diesel price scaled a new high after prices were hiked for the 22nd time in just over three weeks, taking the cumulative increase […]
Oil prices rise on demand recovery, despite surge in virus cases
MELBOURNE: Oil prices rose on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and indications of a revival in U.S. crude production. U.S. West Texas Intermediate (WTI) crude CLc1 futures gained 42 cents, or 1.1%, to $39.14 at 0150 […]
Fuel prices hiked for 20th day; Petrol, diesel price crosses Rs 80-mark in Delhi
New Delhi: Petrol price in the national capital on Friday crossed Rs 80 per litre mark, for the first time in more than two years, as oil companies continue to raise petrol and diesel prices in line with costs. Oil companies hiked petrol price by 21 paise per litre and diesel by 17 paise a […]
Youth Congress in Hubballi protests against hike in petrol, diesel prices
Staging a unique protest by selling few bottles of half litre petrol at a rate of Rs 20 each, Youth Congress members claimed that petrol price would have been Rs 40 per litre if the Congress was in power at the Centre. They staged the protest in front of Mini Vidhan Soudha in Hubballi on […]
In 10 hikes, petrol up by Rs 5.47 per litre and diesel by Rs 5.8
New Delhi: Jet fuel or ATF price on Tuesday was hiked by 16.3 per cent while petrol price was increased by 47 paise per litre and that of diesel by a record 93 paise on the back of firming international oil rates. Aviation turbine fuel (ATF) price was hiked by Rs 5,494.5 per kilolitre (kl), […]
Oil prices drop as coronavirus infections rise
TOKYO: Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts could be extended kept declines in check. Brent crude was down 14 cents, or 0.4%, at $39.58 a barrel at 0027 GMT, having gained 2.6% on Monday. U.S. oil […]
In six days, petrol price hiked by Rs 3.31 per litre and diesel by Rs 3.42
New Delhi: Petrol price on Friday was hiked by 57 paise per litre and diesel by 59 paise a litre as oil companies adjusted retail rates – the sixth straight day of increase in rates since oil firms ended an 82-day hiatus of rate revision.In six hikes, petrol price has gone up by Rs 3.31 […]
Fuel prices rise on 8th day; Petrol hiked by 62 paise, diesel by 64 paise
New Delhi: Petrol price on Sunday was hiked by a record 62 paise per litre and that of diesel by 64 paise as oil companies for the eighth day in a row adjusted retail rates in line with cost since ending an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs […]
Lufthansa to cut 22,000 jobs as travel demand dips on COVID-19 woes
London: German carrier Lufthansa said on Thursday it will slash 22,000 jobs as it struggles to deal with the downturn in air travel caused by coronavirus pandemic. It said the positions of up to 26,000 employees are surplus to requirements, suggesting many more jobs will be cut at the cash-strapped airline than a figure of […]