Tag: crude oil prices

Signage during India Energy Week in Goa in January 2026. India imports about 90% of its crude oil and nearly half of its LPG. (Bloomberg)
Posted in Business

Iran war impact to show on India GDP, inflation in risk to ‘Goldilocks’ economy| Business News

Surging crude oil prices and acute LPG shortage are rippling through the Indian economy as the Iran war drags on, disrupting industries and prompting analysts…

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Upward trajectory
Posted in Economy

India’s wholesale inflation rises to 11-month high of 2.13% in February

New Delhi: India’s gauge for wholesale prices climbed to an 11-month high of 2.13% year-on-year in February, led by higher costs of primary goods including…

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An IndiGo Airlines aircraft. (REUTERS/File)
Posted in Business

IndiGo adds ‘fuel charge’ on flight ticket prices as oil spikes amid Iran war| Business News

IndiGo will begin levying a fuel charge on all domestic and international flight tickets starting March 14, 2026, citing a “sharp surge” in global aviation…

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A 40% surge in Corona Remedies' share price gave the company a market capitalisation of nearly  ₹9,000 crore. (HT)
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India’s inflation rate rises to 3.21% in February before Iran war impact shows| Business News

India’s inflation rate rose in February even before the full impact of the Iran war shows on the world’s fourth largest economy. However, it’s still…

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Posted in Economy

West Asia conflict poses downside risk, India GDP growth seen at 7.1 pc in FY27: Crisil Intelligence

Mumba: Conflict in West Asia, if prolonged, could pose a downside risk to India’s economic outlook due to its impact on crude oil and commodity…

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Posted in Economy

Iran-Israel war: Every 10% rise in oil prices could shave 20–25 bps off India’s GDP growth, says HDFC Bank

Rising tensions in West Asia and the resulting volatility in oil prices could weigh on India’s economic outlook, with higher crude costs potentially slowing growth,…

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The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint)
Posted in Business

Sensex drops over 1,000 points, Nifty 50 sheds 0.8% as Iran war whipsaws market| Business News

Indian benchmark shares fell on Wednesday, after a rebound in the previous session, as the Middle East war kept investors unsure about the impact on…

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For Indian airlines like IndiGo, fuel is the second-largest expense after labour, typically accounting for 20% to 25% of total operating costs. (Reuters)
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IndiGo among worst-hit as Iran war delivers crude shock to global airline stocks| Business News

India’s airline stocks took a severe beating on Monday, leading a broader Asian market selloff as surging crude oil prices and an escalating Iran war…

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A worker operates valves at the Rumaila oil field in Basra, Iraq, to cut nearly 1.5 million barrels per day of output as exports halted due to the effective closure of the Strait of Hormuz amid the Iran war. (Reuters)
Posted in Business

Brent crude oil prices spike toward $120/barrel Iran War forces more production cuts| Business News

Crude oil prices spiked dramatically toward $120/barrel as key Gulf producers curbed output, the vital Strait of Hormuz remained functionally closed, and the US threatened…

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With fundamental pressures mounting on rupee amid surging brent crude oil prices, the market's focus has shifted entirely to Reserve Bank of India. (Reuters)
Posted in Business

Rupee faces record low at open as $117 oil deepens deficit fears| Business News

The Indian rupee is poised to plunge to an all-time low at Monday’s open, battered by a relentless rally in global crude oil prices and…

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