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CRUDE PRICES NEWS

As Urals loses some sheen, India’s Russian oil imports slump in August

September 02, 2023 8:44 am

India’s total Russian oil imports fell 23.4 per cent month-on-month in August to 1.47 million barrels per day (bpd). Barring January, when cumulative Russian oil imports of Indian refiners stood at 1.27 million bpd, August volumes were the lowest this year.

Despite price cap, enough tankers to supply Russian crude to India

February 11, 2023 11:25 am

According to industry watchers, though a few older Europe-based shippers have exited the Russian oil export market, there are enough tankers available to carry oil from Russia to Indian ports, thus allowing Moscow to ship record volumes to India in January.

Windfall tax revision: Levy on crude cut, diesel sees hike

August 19, 2022 2:37 am

The windfall tax on diesel, however, was hiked to Rs 7 a litre from Rs 5 a litre, and tax on export of aviation turbine fuel (ATF) was retained at Rs 2 a litre after being scrapped in the second review earlier this month, as per a Finance Ministry notification.

Explained: Will food follow fuel and become costlier?

June 30, 2021 8:37 am

The global oil price hike has been passed on to Indian consumers. Will that happen with food too? Currently, food inflation is relatively low in India. A look at factors that could influence what you pay in coming months.

Explained: How fuel price decontrol works — or why consumers always lose out

June 19, 2020 9:38 pm

India fuel prices: The key beneficiary in this subversion of price decontrol is the government. The consumer is a clear loser, alongside fuel retailing companies as well.

Oil price drop fails to boost AI revenues; firm may miss targets

March 24, 2015 1:36 am

Posted R1,500 cr shortfall in operating revenue, rise in operational expenses.

Millers demand 40% import duty on sugar

December 19, 2014 1:31 am

Brazilian production starts from March and India needs to export at least 1.5 MT of sugar before that.

Ballooning trade deficit pulls R to 13-month low at 63.64

December 17, 2014 1:11 am

Sensex records steep 538-point drop on currency, falling crude.

Oil price up in Asia on bargain hunting

October 23, 2012 9:38 am

Crude rebounded in Asia as traders returned to the market after prices plunged on oil demand fears.

Indian equities—a lot going in their favour

October 22, 2012 3:04 am

The Indian equity market is heading into the second-quarter earnings season for 2012-13 with mixed sentiments — positive domestic cues and muted global cues.

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