crude oil prices

New Delhi, March 27 – The government has reduced excise duty on petrol and diesel by ₹10 per litre, averting a retail price hike that had become necessary due to soaring global oil prices.The reduction in special additional excise duty on petrol from ₹13 to ₹3 per litre and on diesel from ₹10...

Mumbai, March 27 Maharashtra Chief Minister Devendra Fadnavis on Friday said the reduction in petrol excise duty will shield consumers from the impact of rising crude prices amid the West Asia conflict, and urged people to avoid panic buying of fuels as it can create an artificial shortage...

New Delhi, March 27 – The reduction in excise duty on petrol and diesel is aimed at the upcoming assembly elections in four states, not because the government cares about consumers, TMC Rajya Sabha member Saket Gokhale said.Participating in a discussion on the Finance Bill 2026 in the Upper...

New Delhi, March 27 – The Congress party on Friday accused the government of reducing excise duties on petrol and diesel due to upcoming assembly elections, pointing out that consumer prices in India have not decreased even when global crude oil prices have fallen on seven different occasions in...

Mumbai, March 27 Maharashtra Chief Minister Devendra Fadnavis said on Friday that the reduction in petrol excise duty announced by the Central government will protect consumers from the impact of rising global crude prices amid the ongoing conflict in West Asia.Welcoming the government's...

New Delhi, March 27 – The Congress party on Friday accused the government of reducing excise duties on petrol and diesel due to upcoming state assembly elections, pointing out that consumer prices in India have not decreased even when global crude oil prices have fallen on seven separate...

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, stated today that the government has chosen to protect Indian citizens from the sharp increase in international crude prices, amidst the ongoing US-Israel-Iran conflict and disruptions in the Strait of Hormuz, by taking a...

Union Information and Broadcasting Minister Ashwini Vaishnaw stated that the government has absorbed fiscal losses to provide relief to its citizens in the face of the global crisis. In a social media post, the Minister praised the government's decision to reduce excise duty on petrol and diesel...

Gandhinagar, March 27 – The Gujarat government has welcomed the central government's move to cut excise duty on petrol and diesel by Rs 10 per litre.Gujarat Chief Minister Bhupendra Patel said, "Today, with the sharp increase in crude oil prices globally, Prime Minister Narendra Modi has once...

New Delhi, March 27 – The Centre’s decision to reduce excise duty on petrol and diesel by ₹10 has been widely praised by leaders from the ruling NDA, who described it as a timely measure aimed at easing inflationary pressures and providing relief to citizens amid a challenging global energy...

New Delhi, March 27 The Congress claimed on Friday that the government's excise duty cuts will not affect prices for dealers and consumers, and that the relief is only in the narrative, not in reality.The government has reduced excise duty on petrol to Rs 3 per litre and exempted diesel...

Jaipur, March 27 – Rajasthan Chief Minister Bhajanlal Sharma praised the Centre's decision to sharply reduce excise duty on petrol and diesel, calling it a major relief measure for citizens amid global uncertainties.Praising Prime Minister Narendra Modi's leadership, CM Sharma said the move...

New Delhi, March 27 – The government has reduced excise duty on petrol and diesel by ₹10 per litre each, a move aimed at protecting domestic consumers from a surge in global oil prices triggered by the Middle East conflict, at an estimated revenue cost of ₹1.75 lakh crore.Alongside, the...

New Delhi, March 27 Union Home Minister Amit Shah on Friday said that amid global fuel shortages triggered by the West Asia crisis, which have pushed prices higher worldwide, the Modi government’s decision to cut excise duty on fuel offers much-needed relief to citizens.Speaking on the social...

March 27, New Delhi - Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, stated that international crude prices have surged sharply in the past month, leading to a global rise in petrol and diesel prices.The Minister noted that while fuel prices have increased significantly...

New Delhi, March 27 The government has reduced excise duty on petrol to Rs 3 per litre and exempted diesel from the duty, aiming to protect consumers from the impact of rising global crude prices amid the ongoing conflict in the Middle East.Global crude prices have increased by almost 50 per...

New Delhi, March 27 The government has reduced excise duty on petrol to ₹3 per litre and completely exempted diesel, aiming to help oil marketing companies like HPCL, BPCL, and IOC cope with rising global crude prices amid the Middle East conflict.The Finance Ministry, in a notification dated...

New Delhi, March 26 A surge in global crude oil and natural gas prices amid the West Asia conflict is likely to complicate India's fiscal position in FY2027, potentially increasing subsidy burdens and putting pressure on revenues, ratings agency ICRA said.Crude prices have more than doubled...

New Delhi, March 26 Nayara Energy, India's largest private fuel retailer, on Thursday raised petrol prices by ₹5 per litre and diesel by ₹3 a litre, passing on a portion of the recent surge in global oil prices following the war in the Middle East, sources said.Indian fuel marketing companies...

Tokyo, March 26 – Japan began releasing 30 days' worth of oil from state reserves on Thursday to mitigate the impact of the West Asia conflict on its economy, as concerns over supply and soaring oil prices mount, local media reported.The move followed the country's decision to draw down 15...