global oil market

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    Modi Govt Cuts Fuel Excise Duty: Relief for Citizens

    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...
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    Work From Home, Lower Speeds: Steps to Ease Rising Fuel Costs

    New Delhi, March 20 The International Energy Agency (IEA) has advocated a set of immediate demand-side measures, including working from home, lower speed limits, and reduced air travel, to mitigate the impact of a historic global oil supply shock triggered by disruptions in the Middle East.Oil...
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    Sri Lanka Increases Fuel Prices to Reflect Rising Import Costs

    Retail fuel prices in Sri Lanka have increased following a revision by the state-owned Ceylon Petroleum Corporation, which came into effect today.The new pricing structure has resulted in an increase of approximately 7-8% or at least 24 Rupees per liter across the board. The revision applies...
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    Global Oil Markets Brace for Potential $100+ Barrel Price Hike

    In New Delhi, March 2 Oil prices could rise above $100 per barrel if tanker traffic through the Strait of Hormuz is not quickly restored, as the waterway's closure threatens to disrupt 15% of global oil supply and 20% of global LNG supply, according to consultancy Wood Mackenzie.Following US...
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    Geopolitical Tension Impacts Global Shipping Through Strait of Hormuz

    New York, March 2 Amid escalating tensions in West Asia following US-Israel strikes against Iran, a leading Indian-American maritime executive has expressed concern over the impact on the crucial oil artery of the Strait of Hormuz and the implications for global oil prices."Shipping is the...
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    Jaishankar Defends India's Energy Choices at Munich Security Conference

    Munich, February 15 – Amid repeated assertions from the United States regarding New Delhi’s purchases of Russian oil, India, reaffirming its "strategic autonomy," has conveyed a clear message on the global stage that its energy decisions will be determined by availability, cost, and risk...
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