Mumbai: Sensex and Nifty traded lower during the afternoon session of the trade on Thursday over a sharp rise in crude oil prices and decline in financial stocks. Brent crude futures on Thursday surpassed the $60-a-barrel mark. Also, investors awaited Q3 corporate results, set to start on Thursday, and more[Read More…]
Tag: Crude Oil
Karnataka hikes tax on petrol, diesel by 2 per cent
Bengaluru: The Karnataka coalition government increased the state tax on petrol and diesel by 2 per cent with effect from January 1, said an official statement on Saturday. “As the fuel prices declined after fall in crude oil rates in the overseas market since November, the state tax has been[Read More…]
No oil will go through Persian Gulf if US targets Iranian sales: Rouhani
Tehran: Accusing the US of trying to push India away from Iran, Iranian President Hassan Rouhani said on Tuesday that Washington cannot stop Tehran from exporting oil and warned that no crude will be exported from the Persian Gulf if Iranian oil sales were blocked. The US has re-imposed its[Read More…]
Petrol prices lowest in FY 2018-19
New Delhi, Petrol prices on Wednesday touched the lowest level in the ongoing financial year across the four metro cities — Chennai, Delhi, Kolkata, and Mumbai. In the national capital, petrol price fell to Rs 73.57 per litre against Tuesday’s level of Rs 74.07 per litre, according to data on[Read More…]
Fund outflows, oil prices to sink rupee further; 75-mark in sight
Mumbai: The Reserve Bank of India’s (RBI) stance, along with an expected hike in the US lending rates and high crude oil prices are expected to further exert pressure on the Indian rupee in the coming week, experts say. In addition, the continuous outflow of foreign funds from the equity[Read More…]
Indian govt eases import rules, allows 35% oil imports as it seeks to cut costs
India for the first time has allowed state refiners to buy 35 per cent of their oil imports in tankers arranged by the seller, enabling them to swiftly tap cheaper cargoes. While US President Donald Trump is set to stall Iranian oil sales through a new set of sanctions, India’s[Read More…]
Tamil Nadu: Groom receives 5 litres petrol as wedding gift
With fuel prices skyrocketing from past few weeks, Tamil Nadu is no stranger to the same fury, where petrol and diesel prices are Rs 85.15 per litre and Rs 77.94 per litre. Making the best use of current market values, a group of friends decided to give 5 litres of[Read More…]
Fuel prices can’t rise above Rs 99.99 as machines can’t display 100
Petrol users across the nation have been doing a sarcastic roll over the everyday hiking fuel prices. While the consumer had just started of howling with the joke that this time the prices might hit a century, prices have already breached the Rs 100/litre mark. The price of Octane quality[Read More…]