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India Achieved 10 % Ethanol Blending Target Ahead Of Schedule: Prime Minister

India Achieved 10 % Ethanol Blending Target Ahead Of Schedule: Prime Minister

For a nation, 85 per cent dependent on imports for meeting its oil needs and 50 per cent for gas requirement, the key is alternate energy sources - from renewable power to hydrogen and switching to electric vehicles from current petrol and diesel-run...

15 August 2022
Govt Cuts Windfall Tax On Diesel, ATF Export; Raises Levy On Domestic Crude Oil

Govt Cuts Windfall Tax On Diesel, ATF Export; Raises Levy On Domestic Crude Oil

The tax on the export of diesel was cut to Rs 5 per litre from Rs 11, according to an official notification issued on Tuesday evening

03 August 2022

States' Borrowing Cost Falls To Nine-Week Low Of 7.73%

But with falling international crude prices as well as the fall in the US yields last week, yields on central government bonds have also dropped this week

Centre Cuts Windfall Tax On Petrol, Diesel, Jet Fuel, Crude Oil

Centre Cuts Windfall Tax On Petrol, Diesel, Jet Fuel, Crude Oil

Centre scrapped a Rs 6 a litre tax on export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4. Besides, the tax on diesel has been reduced to Rs...

20 July 2022

India's Fuel Demand Falls In July As Monsoon Sets In

The arrival and intensity of monsoon weigh heavily on diesel demand in the country and consumption traditionally is lower in July-September than in April-June

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19 July 2022
Rupee Below 80: At What Level Will It Become Unsustainable For Indian Economy?

Rupee Below 80: At What Level Will It Become Unsustainable For Indian Economy?

The Indian currency is under pressure since the start of this year in view of the Russia-Ukraine war, and high crude oil prices, among other issues


06 July 2022
OPEC Secretary-General Is Dead, Nigerian Officials Announce

OPEC Secretary-General Is Dead, Nigerian Officials Announce

Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum ministry told The Associated Press. The reason for his death was not...


05 July 2022
$12 Billion Windfall For Centre From Windfall Tax On Oil Firms

$12 Billion Windfall For Centre From Windfall Tax On Oil Firms

On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF), and on the domestic production of crude...


04 July 2022
Government To Review Oil Export, Windfall Tax Based On Forex Rate, Oil Prices Every Fortnight

Government To Review Oil Export, Windfall Tax Based On Forex Rate, Oil Prices Every Fortnight

The government on July 1 imposed a Rs 6 per litre tax on the export of petrol and ATF and a Rs 13 per litre tax on the export of diesel


04 July 2022
Rupee Falls 9 Paise To 79.03 Against US Dollar In Early Trade

Rupee Falls 9 Paise To 79.03 Against US Dollar In Early Trade

At the interbank foreign exchange, the rupee opened at 78.97 against the US dollar, then fell to quote 79.03, registering a decline of 9 paise over the last...


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04 July 2022
Key Things To Know Before The Markets Open Today

Key Things To Know Before The Markets Open Today

Indian markets set to open higher on Monday though global markets remain on shaky grounds


03 July 2022
India's Fuel Sales Soar In June

India's Fuel Sales Soar In June

The start of the cropping season helped diesel demand register double-digit growth over the pre-pandemic period -- a record in recent years.


03 July 2022
Stock Market Outlook: Global Factors, Crude Oil, Macro Data To Drive Stocks This Week

Stock Market Outlook: Global Factors, Crude Oil, Macro Data To Drive Stocks This Week

Last week, the Sensex went up by 179.95 points or 0.34 per cent, while the Nifty gained 52.80 points or 0.33 per cent


01 July 2022
Govt Slaps Export Tax On Petrol, Diesel; Windfall Tax On Domestic Crude Oil

Govt Slaps Export Tax On Petrol, Diesel; Windfall Tax On Domestic Crude Oil

The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US


30 June 2022
Industry Welcomes Deregulation Of Locally Produced Oil

Industry Welcomes Deregulation Of Locally Produced Oil

The government on June 29 allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuels such as...


29 June 2022
China To Subsidise Refiners If Global Oil Prices Surpass $130

China To Subsidise Refiners If Global Oil Prices Surpass $130

The move will safeguard the stable supply of fuels, alleviate the burden on downstream enterprises and consumers, and lower the operating costs of the real...


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29 June 2022
Govt Gives ONCG, Vedanta Freedom To Sell Crude Oil

Govt Gives ONCG, Vedanta Freedom To Sell Crude Oil

While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the government fixed buyers for crude produced from older fields, such...


27 June 2022
Rupee To Remain Under Pressure; May Settle At Around 79-80/US Dollar In Near Term: Experts

Rupee To Remain Under Pressure; May Settle At Around 79-80/US Dollar In Near Term: Experts

The currency has slumped over 5 per cent this year after Russia's invasion of Ukraine sent international crude oil prices soaring to a decade high


27 June 2022
Rupee Ends Almost Flat At 78.34 Against US Dollar

Rupee Ends Almost Flat At 78.34 Against US Dollar

At the interbank forex market, the local unit opened sharply higher at 78.24 against the greenback but paired all of its initial gains to settle at 78.34. It...


27 June 2022
Rupee Surge 6 Paise To 78.27 Against US Dollars

Rupee Surge 6 Paise To 78.27 Against US Dollars

At the interbank foreign exchange, the rupee opened sharply up at 78.24 against the US dollar, then inched lower to quote 78.27, registering a gain of 6 paise...


24 June 2022
Investors Wealth Climb Over Rs 5 Lakh crore In Two Days Of Market Recovery

Investors Wealth Climb Over Rs 5 Lakh crore In Two Days Of Market Recovery

Equity investors have become richer by over Rs 5 lakh crore in two days of recovery in the stock market amid firm global trends.


19 June 2022
Selling Diesel And Petrol At Loss Of Rs 20-25/Litre And Rs 14-18/litre: Private Retailers

Selling Diesel And Petrol At Loss Of Rs 20-25/Litre And Rs 14-18/litre: Private Retailers

On June 10, the Federation of Indian Petroleum Industry (FIPI), which besides private fuel retailers also counts state-owned firms such as IOC, BPCL and HPCL...


17 June 2022
Rupee Settles On A Flat Note, Higher by 1 Paisa At 78.09 Against US Dollar

Rupee Settles On A Flat Note, Higher by 1 Paisa At 78.09 Against US Dollar

A strong dollar overseas and higher crude prices also kept the domestic unit under pressure, forex dealers said


16 June 2022
Crude Oil Futures Decline On Low Demand

Crude Oil Futures Decline On Low Demand

Globally, West Texas Intermediate crude oil was trading 0.64 per cent up at USD 116.05 per barrel and Brent crude was 0.51 per cent higher at USD 119.11 per...


16 June 2022
Key Things To Know Before Markets Open On Thursday

Key Things To Know Before Markets Open On Thursday

On Wednesday, the 30-share BSE Sensex plunged 152 points lower at52,541, whereas the broader NSE Nifty 50 index tanked 40 points at 15,692. 


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