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Crude oil prices rise on spot demand
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[ Crude Oil ]
Results 1 to 21 of 7294
Taxes on fuels should be brought down: Sitharaman
Rashi Bisaria
New Delhi, March 6, 2021
Call on bringing fuels under GST to be taken closer to GST Council meet: Sitharaman Amidst the rise in fuel prices, Finance Minister Nirmala Sitharaman on Friday said she might take a call closer to the GST Council meeting about proposing to the Council to bring petrol and diesel under the goods and services tax (GST). Sitharaman admitted that taxes on fuels should be brought down to reduce the burden on consumers, and called pricing a worrying issue. Dual airbags mandatory for new cars f...
Crude oil prices rise on spot demand
PTI
March 5, 2021
Globally, West Texas Intermediate crude oil gained 1.30 per cent to $64.66 per barrel, while Brent crude traded 1.45 per cent higher at $67.71 per barrel in New York
OPEC neglects India's plea to ease output cap, tells to use cheap oil purchased last year
PTI
March 5, 2021
India's Oil Minister Dharmendra Pradhan had in the run-up to Thursday's OPEC meeting urged the producers' group to ease production curbs to fulfil their promise of stable oil prices
OPEC+'s output cut decision to hurt Indian consumers: Dharmendra Pradhan
Reuters
March 5, 2021
India had been urging major producers to ease output cuts and help global economic recovery from the coronavirus pandemic as well as rein in prices
Indian merchants almost stop export contracts with Iran as Tehran's rupee reserves dwindle
Reuters
March 5, 2021
Iran's rupee reserves in India's UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly
India urges OPEC+ to boost output to meet promise of price stability: Dharmendra Pradhan
Reuters
March 4, 2021
Pradhan said at the CERAWeek conference by IHS Markit that India, where fuel demand is recovering to pre-pandemic levels, would like to rely on reasonable and responsible oil prices
Petrol Rs 75, diesel Rs 68! That's what they will cost if under GST
Anwesha Madhukalya
March 4, 2021
The Ecowrap report, authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India stated that Centre and states do not want to bring oil products under the GST regime as sales tax and VAT comprise a major source of tax revenue
Share Market Highlights: Sensex ends 600 pts lower at 50,846, Nifty at 15,080; HDFC twins top laggards
BusinessToday.In
March 4, 2021
Stock Market Updates Today: HDFC Bank, HDFC, L&T, Bajaj Finserv, Axis Bank, Kotak Mahindra Bank were among top losers, while ONGC, Infosys, Sun Pharma, Mahindra & Mahindra were among top gainers
Excise duty on petrol, diesel can be cut Rs 8.5 a litre without hurting revenues
PTI
March 3, 2021
\"We estimate excise duty on auto fuels in FY22 (April 2021 to March 2022), if it is not cut, at Rs. 4.35 lakh crore versus budget estimate of Rs. 3.2 lakh crore, ICICI Securities said in a note
Global oil prices fall over supply uncertainty; Brent reaches $62.63 per barrel
Reuters
March 3, 2021
Brent crude futures dipped 7 cents, or 0.1%, to $62.63 a barrel, down 7% from a 13-month high hit last week
BPCL to use Rs 9,876 crore from Numaligarh Refinery sale to pay shareholders
PTI
March 2, 2021
The Board of BPCL on Monday approved the sale of the company's 61.65 per cent stake in Numaligarh Refinery Ltd (NRL) to a consortium of state-owned Oil India, consultancy firm Engineers India Ltd (EIL) and Government of Assam for Rs 9,875.96 crore
Crude oil future fall 0.7% over low demand
PTI
March 2, 2021
On the Multi Commodity Exchange, crude oil for March delivery eased by Rs 31, or 0.7 per cent, to Rs 4,420 per barrel with a business volume of 4,403 lots
BPCL to sell entire stake in Numaligarh Refinery for Rs 9,876 crore
PTI
March 2, 2021
The sale of Numaligarh Refinery Ltd clears the way for privatisation of India's second-largest fuel retailer
ATF price up by steep 6.5%; petrol, diesel unchanged
PTI
March 2, 2021
This is the third increase in jet fuel prices since February. Rates were increased by 3.6 per cent on February 16, and by Rs 3,246.75 per kl on February 1
Finmin considers cutting taxes on petrol, diesel
Reuters
March 1, 2021
\"We are discussing ways in which prices can be kept stable. We will be able to take a view of the issue by mid-March,\" say sources
LPG prices hiked fourth time since February; check out latest prices
BusinessToday.In
March 1, 2021
This is second hike in last four days and fourth since February. LPG cylinder prices have been hiked by Rs 125 in February and since December, they saw Rs 200 increase
Sensex rises 900 points, Nifty crosses 14,750 as Q3 GDP data cheers investors
Aseem Thapliyal
March 1, 2021
While Sensex gained 900 points to 50,000 mark, Nifty rose 266 points to 14,795 in early trade
Fuel price update: Petrol, diesel remain stable for 2nd day after touching record high-levels
BusinessToday.In
March 1, 2021
Currently, the price of one litre of petrol stands at Rs 91.17 per litre in Delhi, and diesel rates stand at Rs 8.47 per litre. In Mumbai, the price of petrol is Rs 97.57 per litre, and that of a litre of diesel is Rs 88.60 per litre
Petrol nears Rs 100 in Mumbai, Jaipur, above Rs 91 in Delhi; check latest fuel rates
BusinessToday.In
February 27, 2021
Fuel prices have been rising steadily since February 9. In the 14 increases since then, petrol and diesel rates have gone up by Rs 4.88 per litre and diesel by Rs 4.81 per litre in Delhi
Eight core industries' output grows 0.1% in January 2021
BusinessToday.In
February 26, 2021
Fertilisers, steel and electricity were the only sectors to record positive growth in the month, as per the data released by the Department for Promotion of Industry and Internal Trade.
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