All posts tagged: Crude Oil Prices

Centre revises export levies on petrol, diesel and ATF from June 1, domestic fuel prices unchanged

Centre revises export levies on petrol, diesel and ATF from June 1, domestic fuel prices unchanged

Published by Webster

While export duties have been changed, excise duties on fuel sold in the domestic market remain unchanged. The revision is based on recent international crude oil prices and aims to ensure adequate domestic fuel availability amid global market fluctuations Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

IndiGo reduces domestic flight operations between June and August amid cost pressures

IndiGo reduces domestic flight operations between June and August amid cost pressures

Published by Webster

IndiGo will reduce domestic flight capacity by 5-7 per cent between June and August 2026 amid rising aviation fuel costs and softer post-summer travel demand. The airline has also trimmed international operations as airlines face mounting cost pressures and volatile crude oil prices Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Congress president Mallikarjun Kharge questions fuel price hike despite lower crude oil rates

Congress president Mallikarjun Kharge questions fuel price hike despite lower crude oil rates

Published by Webster

Kharge cited an official statement by the PIB to state that exactly 12 years ago today — on May 26, 2014 — when Prime Minister Narendra Modi assumed office, the price of crude oil in the Indian basket stood at USD 108.05 per barrel, and the Dollar-Rupee exchange rate was Rs 58.59. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Delhi CNG prices rise again, up Rs 2 per kg across NCR

Delhi CNG prices rise again, up Rs 2 per kg across NCR

Published by Webster

Gas distributor Indraprastha Gas Limited (IGL) on Tuesday announced another increase in compressed natural gas (CNG) prices, marking the fourth hike in less than two weeks. With the latest revision, CNG in Delhi will now cost Rs 83.09 per kg, up from Rs 81.09 per kg, an increase of Rs 2 per kg. As per IANS reports, a company-linked update confirmed, “CNG prices have been revised upward across the National Capital Region.” NCR cities see higher rates The price hike is not limited to Delhi. Across the National Capital Region, rates have gone up: Noida, Ghaziabad, Greater Noida: Rs 91.70 per kg Gurugram: Rs 88.12 per kg Ajmer: Rs 92.44 per kg This comes just days after a Rs 1 increase announced on Saturday, continuing a steady upward trend. Transport operators say the repeated hikes are putting pressure on running costs, especially for taxis, buses and delivery vehicles that rely heavily on CNG, reported the news agency. Petrol and diesel also get costlier Along with CNG, state-owned oil marketing companies have also increased petrol and diesel …

Mallikarjun Kharge accuses BJP of ‘fuel loot’ after fresh petrol and diesel hike

Mallikarjun Kharge accuses BJP of ‘fuel loot’ after fresh petrol and diesel hike

Published by Webster

Recalling the prices between 2004 and 2014, under the United Progressive Alliance (UPA)-led administration, Kharge said that despite sharp increases in crude oil prices at that time, the government then had taken steps to ensure the price increases were not felt Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Oil rises as investors track Iran war developments after Trump holds off attack

Oil rises as investors track Iran war developments after Trump holds off attack

Published by Parlour News

Global stock markets were mixed Monday and oil prices rose while investors digested shifting developments in the Middle East as US President Donald Trump said he postponed a planned attack on Iran at the request of Gulf leaders. US equity indices gyrated between positive and negative territory, ending the day mixed. (Reuters) Oil prices had briefly turned lower following an Iranian media report that said American officials had agreed to suspend sanctions against its crude while talks on ending the war continue. But with no confirmation of the report, as well as Iranian statements on taxing travel through the strait, oil prices quickly began rising again. US equity indices gyrated between positive and negative territory, ending the day mixed. “It feels very tenuous right now,” said Tom Siomades, chief market economist at AE Wealth Management. “Obviously the Iran stuff on a daily basis is driving everything.” Earlier, Iran said it had responded to a new US proposal aimed at ending the war. On Sunday, Iran’s Fars news agency said Washington had presented a five-point list, …

Petrol, diesel retail prices hiked by ₹3 per litre as US-Iran war bites

Petrol, diesel retail prices hiked by ₹3 per litre as US-Iran war bites

Published by Parlour News

State-run oil companies raised pump prices of petrol and diesel by ₹3 per litre each across the country on Friday, while Indraprastha Gas Ltd (IGL) increased compressed natural gas (CNG) rates by ₹2 per kg in and around Delhi — the first retail fuel price revision since the West Asia conflict drove international crude to multi-year highs. The timing of the hike has been under scrutiny. Assembly elections concluded in the last week of April, and company executives had indicated a modest price increase would follow once polls ended. (ANI) In Delhi, retail outlets of public sector oil companies are now selling petrol at ₹97.77 per litre and diesel at ₹90.67. IGL is selling CNG at ₹79.09 per kg in Delhi, ₹80.70 in Noida, ₹84.12 in Gurugram, and ₹88.44 in Ajmer. Because of local levies, pump prices vary by city: petrol is ₹108.74 in Kolkata, ₹106.68 in Mumbai, and ₹103.67 in Chennai; diesel is ₹95.13 in Kolkata, ₹93.14 in Mumbai, and ₹95.25 in Chennai. The hike provides only partial relief. Government officials and company executives …

Petrol, diesel price rise could boost EV adoption and clean renewable energy push

Petrol, diesel price rise could boost EV adoption and clean renewable energy push

Published by Webster

As petrol and diesel prices were raised by Rs 3 per litre on Friday, experts said that the fuel price hike could accelerate investment in renewable energy and diversified supply chains.   Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings, said the hike could push inflation higher by raising transportation and production costs, translating to higher prices for essential goods. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

What is driving petrol, diesel and CNG price hikes in India

What is driving petrol, diesel and CNG price hikes in India

Published by Webster

Commuters across major Indian cities are facing a fresh increase in travel costs as prices of CNG, petrol and diesel have all moved upward in recent revisions. CNG prices in Delhi and Mumbai have been raised by Rs 2 per kg, while petrol and diesel prices have also seen significant increases of around Rs 3 per litre. Together, these changes are expected to directly impact daily transport costs, from private vehicles to autos, taxis and buses. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Global oil shock pushes fuel prices higher; petrol, diesel and CNG rates hiked across India

Global oil shock pushes fuel prices higher; petrol, diesel and CNG rates hiked across India

Published by Webster

Petrol and diesel prices were increased by more than Rs 3 per litre across the country on Friday as state-run oil marketing companies (OMCs) struggled with rising losses amid the ongoing crisis in West Asia and a sharp surge in global crude oil prices, reported IANS. The revised fuel prices came into effect immediately. In Delhi, petrol prices rose by Rs 3.14 per litre, taking the retail rate to Rs 97.77 per litre. Diesel prices were also raised by Rs 3.11 per litre, reported IANS. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link