Hike in petrol, diesel prices put off

Hike in petrol, diesel prices put off

 A Re one per litre hike in petrol and Rs 2.28 a litre increase in diesel prices necessitated due to firming global oil rates has been put off by state-owned oil companies apparently because of assembly elections in Bihar.

 

Global crude oil price of Indian basket drops to $46.97/barrel

The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to USD 46.97 per barrel on Wednesday, compared to USD 49.22 per barrel on the previous publishing day.

Global crude oil price of Indian basket rises to $57.91/barrel

The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, rose to USD 57.91 per barrel on Wednesday, compared to USD 59.17 per barrel on the previous publishing day.

No roll-back of excise duty hike on diesel, petrol: FinMin

The government on Tuesday said it has no plans to roll-back the recent hike in excise duty on diesel and petrol.

Petrol price cut by Rs 1.15 per litre; diesel hiked by 50 paise

Petrol price was Thursday cut by Rs 1.15 a litre, the second reduction in rates in a month, while diesel prices were raised by 50 paise per litre.

Petrol prices may be cut by Re 1 per litre

Oil marketing companies may cut petrol prices by Re per litre, in tandem with a fall in international crude oil price.

Oil prices rise ahead of US stockpiles report

Dealers are also eyeing a possible thawing of ties between the US and oil producer Iran.

Oil prices rise in Asia, eyes on Syria crisis

Oil prices inched higher in Asian trade on Friday ahead of the release of US jobs figures and on concerns about a possible US-led strike on Syria, analysts said.

Oil prices down in Asian trade

Oil prices eased in Asian trade today on receding fears of an immediate US intervention in Syria but upbeat global economic data capped losses, analysts said.

Oil prices slip as Libyan production bounces

New York's main contract, West Texas Intermediate for delivery in September, was down 30 cents to USD 106.26 a barrel in morning trade, and Brent North Sea crude for September shed 16 cents to USD 108.54.

Oil prices up after US Fed meeting

Investors were also cheered by better-than-expected US growth figures for the April-June period, fuelling hopes for a pick-up in energy demand.

Oil prices mixed in Asian trade

"The Fed continues to hold investors' attention," Kelly Teoh, market strategist at IG Markets Singapore said in a note.

Oil prices down in Asian trade

New York's main contract, West Texas Intermediate for delivery in September, was down 27 cents at USD 104.28 a barrel in mid-morning trade, and Brent North Sea crude for September eased 13 cents to USD 107.32.

Oil extends losses in Asian trade

"We are seeing a continuation of last night's pullback in crude prices over the weak Chinese data," Michael McCarthy, chief market strategist at CMC Markets in Sydney, said.

Oil prices dip after weak China data

Banking giant HSBC said its preliminary purchasing managers index (PMI) for China hit an 11-month low of 47.7 for July, down from 48.2 in June.

Oil prices higher in Asia

New York's main contract, West Texas Intermediate (WTI) for delivery in September, was up 22 cents at USD 107.16 a barrel, while Brent North Sea crude for September rose 15 cents to USD 108.30.

Oil prices slip in Asia ahead of US stockpiles data

"Trading is very quiet at the moment, and there's nothing major for traders to cling on to make a move," Michael McCarthy, chief market strategist at CMC Markets in Sydney, said.

Oil prices rise above $100 post Egyptian military’s coup d’etat

The US oil prices have reportedly shot up above 100 dollars a barrel on Wednesday amidst fears of a fall out post the Egyptian unrest could spread to the Middle East.

Oil prices mixed in Asian trade

New York's main contract, West Texas Intermediate light sweet crude for delivery in August, was down 10 cents at USD 97.89 a barrel after surging in US trade, while Brent North Sea crude for August gained one cent to USD 103.01.

Oil extends losses in Asian trade

Oil prices were lower in Asian trade Monday on the stronger US dollar and as investors await latest economic growth estimates from the United States, the world's top oil consumer, analysts said.