Thursday, Feb 09, 2023

oil price


Farmers sow more sesame seeds, groundnut as oil prices continue to soar

May 02, 2022 8:09 am

Farmers have sown sesame in 1.07 lakh hectares (lh) so far, around 85 per cent increase over the last year’s average sowing area of 58,291 ha, the latest data from the state agriculture department shows.

Saudi Arabia says it's not responsible for high oil prices

March 22, 2022 9:15 am

The state-run Saudi Press Agency quoted the Saudi Foreign Ministry as saying that the kingdom ``declares that it will not bear any responsibility for any shortage in oil supplies to global markets in light of the attacks on its oil facilities.''

Oil cos wary of avoiding UK-like situation as petrol, diesel prices hit new highs

October 04, 2021 4:30 am

According to a price notification of state-owned fuel retailers, petrol saw the third straight hike in prices, rising 25 paise a litre, while diesel rose 30 paise. In Delhi, both fuels hit their highest ever level, with petrol at Rs 102.39 and diesel at Rs 90.77 per litre.

Oil rebounds from record wipeout with prices edging above zero

April 21, 2020 6:58 am

With the coronavirus pandemic bringing the US and much of the global economy to a standstill, processors are using far less crude, leaving so much unused oil sloshing around that American energy companies are running out of room to store it. And if there’s no place to put the oil, nobody wants a crude contract that is about to come due.

Fears of surge in oil price, Govt looks outside Gulf

January 04, 2020 8:15 am

It is estimated that a $10-per-barrel increase in the price of oil would negatively impact India’s growth by 0.2-0.3 percentage points and worsen the Current Account Deficit (CAD) by $9-10 billion dollars.

Markets, Rupee, Gold, Petrol, Diesel Price Highlights: Sensex, Nifty snap 2-day winning streak as HDFC Bank, RIL falter

November 18, 2019 4:19 pm

Share Market, Rupee, Gold, Petrol, Diesel Price/Rate Highlights: All that took place in the markets on Monday.

Surge in external debt adds to worry over oil price hike

October 03, 2019 7:07 am

The growth in external debt over the last one year is the highest seen in the last five years since the 11.8 per cent growth recorded in June 2014.

Oil prices hit Nov 2018 highs on report US will end Iran oil sanction waivers

April 22, 2019 8:14 am

Brent crude futures rose above $72.90 for the first time since November 2018 on Monday, hitting a high of $72.93 shortly after 0100 GMT, high of $72.70 per barrel at 0115 GMT, up 1.3 percent from their last close.

CPI(M) calls for an all-India protest on May 8 against oil price hike

April 27, 2018 5:15 pm

"The CPI(M) demands that the central government should immediately roll back the duty to provide some relief to the people who are coming under tremendous burden.

BJP's Raosaheb Danve defends drought cess on petrol: ‘Should be prepared for any situation’

September 28, 2017 3:13 am

“One can’t predict a drought. It takes place once in three years, in some area or the other... so, the drought cess on petrol, introduced by the state government, would continue,” said Raosaheb Danve.