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
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
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 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
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
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
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
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
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
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
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.