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...
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
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 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...
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
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
Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum ministry told The Associated Press. The reason for his death was not...
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...
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
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...
Indian markets set to open higher on Monday though global markets remain on shaky grounds
The start of the cropping season helped diesel demand register double-digit growth over the pre-pandemic period -- a record in recent years.
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
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
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...
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...
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...
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
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...
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...
Equity investors have become richer by over Rs 5 lakh crore in two days of recovery in the stock market amid firm global trends.
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...
A strong dollar overseas and higher crude prices also kept the domestic unit under pressure, forex dealers said
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...
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.
