oil prices

New Delhi, March 27 Emphasizing that there was no shortage of LPG cylinders or fuel, Union Home Minister Amit Shah said on Friday that India has managed to maintain supplies and prices despite a spike in global oil prices due to geopolitical tensions.Urging people to trust the Narendra Modi...

New Delhi, March 27 The government has set up an "informal group of ministers" led by Defence Minister Rajnath Singh to address the issues arising from the West Asia conflict, sources said on Friday.Union ministers Amit Shah, Nirmala Sitharaman, and Hardeep Singh Puri are among the members of...

Dhaka, March 27 – Although geographically distant, the ongoing conflict in the Middle East has a direct impact on villages in Bangladesh, where millions of families depend on relatives working in the Gulf region. This has turned regional unrest into a household anxiety, according to a report...

Mumbai, March 27 Borrowing costs for states rose sharply, by 0.15-0.30 per cent at an auction on Friday, to over 8 per cent in some securities, tracking a spike in government bond yields amid escalating conflict in the Middle East that has pushed up global oil prices.Data compiled by

Amaravati, March 27 Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday welcomed the Union government's decision to cut excise duty on petrol and diesel, calling it a strong move focused on the people.The government reduced excise duty on petrol and diesel by ₹10 per litre, preventing...

New Delhi, March 27 The government has set up an "informal group of ministers" led by Defence Minister Rajnath Singh to address the issues arising due to the West Asia conflict, sources said on Friday.Union ministers Amit Shah, Nirmala Sitharaman, and Hardeep Singh Puri are among the members...

New Delhi, March 27 A reduction in excise duty on petrol and diesel by ₹10 per litre, and an increase in export duty on ATF and diesel, will result in a net revenue loss of ₹5,500 crore in two weeks, a top official said on Friday.Chairman of the Central Board of Indirect Taxes and Customs...

The government has imposed export duties on diesel and aviation turbine fuel (ATF) and reduced domestic levies on petrol and diesel to ensure adequate availability and protect consumers from rising global oil prices caused by the West Asia crisis.Speaking at an Inter-Ministerial Briefing on...

Chennai, March 27 AIADMK General Secretary Edappadi K Palaniswami on Friday praised the Union government's decision to reduce excise duty on petrol by ₹10, calling it a timely and welcome step taken in the larger national interest."I welcome this people-centric decision and appreciate the...

New Delhi, March 27 CBIC Chairman Vivek Chaturvedi said on Friday that the government will review the special additional excise duty or windfall tax on diesel and ATF every two weeks.The move to levy special additional excise duty (SAED) is to ensure domestic availability of diesel and ATF...

Mumbai, March 27 The rupee plunged by 86 paise to close at another all-time low of 94.82 (provisional) against the US dollar on Friday, weighed down by high oil prices and a stronger dollar amid uncertainty over the West Asia conflict.A sharp decline in the domestic equity markets and...

New Delhi, March 27 Crude oil prices trimmed early losses to trade nearly 2 per cent higher at Rs 9,061 per barrel in futures trading on Friday, tracking gains in global energy benchmarks amid geopolitical uncertainty in West Asia.On the Multi Commodity Exchange (MCX), crude oil for the April...

New Delhi, March 27 – The government has reduced excise duty on petrol and diesel by ₹10 per litre, preventing a price hike that would have resulted from soaring global oil prices.The reduction in excise duty on petrol from ₹13 to ₹3 per litre and on diesel from ₹10 to nil will result in an...

Panaji, March 27 Goa Chief Minister Pramod Sawant on Friday welcomed the Central government's decision to reduce excise duty on petrol and diesel by Rs 10 per litre each, stating that this timely intervention will ensure fuel stability and provide relief to citizens.In a notification on...

Mumbai, March 27 The rupee plunged by 74 paise to hit a fresh all-time low of 94.70 against the US dollar during intra-day trading on Friday, weighed down by high oil prices and a stronger dollar, amid no breakthrough in the West Asia conflict.A sharp decline in the domestic equity markets and...

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...

Mumbai, March 27 The rupee breached the 94.50-mark for the first time against the US dollar during intra-day trading on Friday, hitting a record low of 94.56, due to high oil prices and a stronger dollar, amid no breakthrough in the West Asia conflict.A sharp decline in domestic equity markets...

Mumbai, March 27 The rupee fell by 33 paise to a fresh all-time low of 94.24 against the US dollar in early trading on Friday, weighed down by high oil prices and a stronger dollar, amid no breakthrough in the West Asia conflict.Heavy selling in domestic equity markets and sustained outflows...

March 26, New Delhi — The United States and Israel have intensified their strikes against Iran, with attacks becoming larger in scale and more frequent, according to reports, amid uncertainty over possible negotiations.Iran has rejected talks, saying it will continue to "resist" US aggression...

New Delhi, March 26 Reliance Industries said on Thursday that it has not purchased crude oil of Iranian origin since the US temporarily removed sanctions to ease pressure on prices that followed the US-Israeli war on Iran.In a statement, Reliance termed reports of it buying Iranian oil as...