News WrapGet Handpicked Stories from our editors directly to your mailbox

Oil price hike

Petrol, diesel prices may be hiked by Rs 4 per litre

The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain stable hereon.

May 17, 2018, 15:35 PM IST

ONGC capital spending not impacted by oil price: Moody's

In a report, Moody's said while ONGC did not reduce capital spending on oil and gas exploration and production, it halted the pace of its international expansion as a response to the oil price slumping from USD 140 per barrel to under USD 40.

May 17, 2018, 14:41 PM IST

Prospects of rate cut affected as dollar, crude rise: ASSOCHAM Paper

Due to continuous pressure on rupee against dollar, prospects for cut in the policy rates by the RBI mabe be adversely affected.


Dec 18, 2016, 11:33 AM IST

Oil tumbles anew on Iraqi export deal, futures margin hike

Oil prices resumed their slide on Tuesday after rising in their biggest rally in two years the day before, hurt by a deal that will add more Iraqi crude to already oversupplied markets, higher margin requirements for trading U.S. futures, and a stronger dollar.

Dec 03, 2014, 08:55 AM IST

Govt keeping close watch on oil prices: Mayaram

The government is watching crude oil prices in the wake of Iraq crisis, Finance Secretary Arvind Mayaram said on Saturday.

Jun 14, 2014, 12:11 PM IST

Oil cos may see 30% cut in FY14 revenue loss on falling crude

State-owned oil firms are likely to see revenue loss on sale of diesel and cooking fuel cut by over 30 percent to Rs 112,000 crore during the current fiscal on falling international oil rates.

Apr 04, 2013, 20:10 PM IST

'Oil price hike will be decided by oil companies'

The Centre on Thursday said oil price hike issue will be taken by oil companies and not by the concerned ministry.

Feb 14, 2013, 14:13 PM IST

Gigantic fraud being committed on oil price issue: CPI-M

CPI-M said a "gigantic fraud" was being committed on the people in the name of losses of oil companies.

Sep 13, 2012, 22:52 PM IST

EGoM to meet as oil companies seek fuel price hike

As oil companies press for a hike in fuel prices, Petroleum Minister S Jaipal Reddy has sought a meeting of a high-powered ministerial committee to decide on how to cut the losses they incur.

Nov 02, 2011, 23:12 PM IST

‘UPA`s oil price hike justification misleading’

Senior BJP leader Rajnath Singh accused the UPA of misleading public by justifying hike of petroleum products prices.

Jul 11, 2011, 21:44 PM IST

Oil price hike: Left parties protest in Punjab

Left parties Monday staged
demonstrations at their district headquarters across Punjab protesting hike in prices of petrol and other essential commodities during the UPA regime.

May 30, 2011, 16:06 PM IST