Tag: crude oil prices
India’s import of Russian oil drops in November on shrinking discounts
India’s import of Russian crude oil dropped in November to its lowest level since June 2022 but the Kremlin continues to be the biggest source…
High prices of imported crude, gold, and chemicals contributed to high inflation: SBI report
India’s imported inflation reached a 13-month high in September 2024, growing by 2 per cent, according to a report by the State Bank of India…
RBI’s policy review: Status-quo on interest rate likely amid inflation concerns and Middle East crisis, say experts
The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation…
Israel-Iran crisis: Escalating conflicts cause global oil prices to shoot up
Oct 03, 2024 01:10 PM IST Global oil prices rose for a third consecutive day, reaching towards $75 a barrel, after Israel and the US…
Revenue over relief? Govt has room to cut customers some slack over oil prices, or choose to swell its own pocket
The recent sharp decline in oil prices may enable the Indian government to bolster its finances by increasing excise duty while offering partial relief to…
Petrol, diesel prices to be cut soon? What Oil Secretary said on likely decision
Sep 12, 2024 01:50 PM IST State-run fuel companies may soon cut petrol and diesel prices if global oil prices remain low, according to Oil…