Oil Price
Fuel prices today: Petrol, diesel prices unchanged; check rates in Delhi, Mumbai, other cities
Wed, Jan 02, 2019
Oversupply of crude oil, possible US economic slowdown in 2019 are the major reasons responsible for consistent correction in prices of crude. Stability in the rupee, since a month and consistent fall in crude is positive for the Indian economy.
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Fuel prices today: No change in petrol, diesel cost after Christmas; check rates in major cities
Wed, Dec 26, 2018
There is a huge sigh of relief for the commuters as the petrol touched all time high in October this year. Petrol was selling over the price bracket of Rs 90 per litre in Mumbai which is down by almost 17 per cent now.
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Oil price plunges 6 percent as economic slowdown fears grip market
Tue, Dec 25, 2018
U.S. crude futures have hit the lowest level since June 22, 2017, as jitters have grown about the impact of the escalating U.S.-China trade dispute on global growth and crude demand. Brent crude is at its lowest level since Aug. 17, 2017.
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Christmas gift for commuters! Petrol prices slashed by 21 paise, diesel down by 19 paise
Mon, Dec 24, 2018
The petrol is selling down by Rs 14 to Rs 16 per litre in metro cities of India as compared to the prices in October 2018. The highest price petrol touched in Delhi was Rs 84 per litre and diesel sold at Rs 75.45 per litre in October this year.
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Oil, rupee fail to cheer markets as investors turn wary ahead of polls
Fri, Nov 09, 2018
Key equity indices settled lower on Friday despite a sharp rebound in the domestic currency and a decline in global crude oil prices, as investors turned cautious ahead of key state assembly elections this month and the next.
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Oil price dips but markets remain tight due to disruptions, record demand
Thu, Jun 28, 2018
U.S. oil prices dipped away from three-and-a-half year highs on Thursday amid high output from Russia, the United States and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline.
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Oil price may once again fall below $45 per barrel: How does it bode for India?
Fri, May 12, 2017
OPEC and other major producers had been enjoying higher prices since agreeing in November to slash production, a strategy designed to rid global markets of excess supply. But now the strategy appears to be not working.
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Oil ticks up on weaker dollar, stalled Russian output cuts
Fri, Mar 03, 2017
The dollar slipped on Friday from its highest in seven weeks against a basket of currencies, although still holding close to a level that anchors Brent crude near $55 a barrel and West Texas Intermediate (WTI) just under $53.
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Consumer price inflation set to see upside pressure: Crisil
Tue, Feb 14, 2017
The fuel component of CPI rose afresh on rising crude oil prices and weaker rupee. Meanwhile, the persistent stickiness in core inflation is contrary to the refrain that demonetisation had materially dented core demand. Core inflation (CPI excluding food) rose to 5.1% in January from 5% in December, the report said.
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