28 Apr 2012
Groundnut oil prices have reached an all-time high of Rs 2,150 per 15 kg in Gujarat despite imposition of limit on stocking of commodity.
03 Mar 2016
Washington: Terming the slump in global oil prices as a "large windfall" for India, the IMF said this has allowed the country to spend more on goods and services, and a "sharp decline" in inflation.
05 Jun 2016
Osaka: With crude oil price touching 7-month high of USD 50 a barrel, Finance Minister Arun Jaitley has said India can handle the current level but higher rates will impact the economy and lead to inflationary pressure.
13 Apr 2016
New Delhi: Lower remittances from Gulf nations, which have been hit hard by the slump in oil prices, will cut the benefits of cheaper oil imports for several Asia Pacific countries including India, Moody's Investors Service said today.
04 May 2016
Singapore: Oil prices stabilized today after falling for two straight days on concerns that slowing demand and rising Middle East production would extend a global supply overhang.
03 May 2016
Singapore: Oil prices dipped in early Asian trading today on signs that production in the Middle East is continuing to rise, countering falls in US output and threatening to keep a global supply overhang in place for longer.
12 Apr 2016
Singapore: Crude prices dipped in Asia today but held above USD 40 as traders looked forward to a summit of key oil producers next week to discuss freezing output and easing the supply glut.
03 Jul 2016
New Delhi: Government may not cut excise duty on petrol and diesel in the near-term if it accepts the suggestions made in the approach paper submitted by Chief Economic Adviser for maintaining status quo when oil prices can climb by another USD 15 a barrel.
10 May 2015
New Delhi: As crude oil prices have started moving upwards in the global market, the government needs to put in place a contingency plan to tackle volatility in rates, according to industry body Assocham.
01 Aug 2015
New Delhi: Petrol price was cut by Rs 2.43 per litre and diesel by Rs 3.60 a litre, the third reduction in rates this month, with effect from midnight tonight. Petrol in Delhi will cost Rs 64.47 per litre from tomorrow instead of Rs 66.90 at present, while a litre of diesel will cost Rs 46.12 as against Rs 49.72 currently, Indian Oil Corp (IOC) said in a statement.