Monday, December 5, 2022
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crude oil prices

Rupee falls 39 paise to fresh lifetime low of 82.69 against USD in early trade

The rupee depreciated 39 paise to an all-time low of 82.69 against the USD in early trade as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit

Losses on petrol, LPG end; still incurring losses on diesel sales, says BPCL CMD

A moderation in global oil prices has helped Indian fuel retailers to break even on petrol and LPG but they continue to lose money on diesel, said the BPCL CMD

Oil at 6-month low: Petrol at breakeven, losses continue on diesel

International oil prices have hit a six-month low, helping Indian fuel retailers break even on petrol but they continue to lose money on diesel

Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US

China to subsidise refiners if global oil prices surpass USD 130

China announced to subsidise its oil refiners and suspend the raising of domestic fuel prices if global oil prices surpass USD 130 a barrel

India’s oil import from Russia miniscule, legitimate energy transactions’ can’t be politicised: Govt

Synopsis: India has defended its decision to import crude oil from Russia, saying that energy purchase from the country remains “miniscule” in comparison to India's total consumption and that “legitimate energy transactions” cannot be politicised

Contrary to what is played up in the media, Russian crude import is minuscule: Hardeep Singh Puri

Reacting to the reports of increasing oil import from Russia, Puri has said that contrary to these reports, the Russian oil import is minuscule compared to overall import

Crude oil prices surge past $100/barrel mark. But how will it impact India?

Synopsis: Crude oil prices surged past the US$100/barrel-mark for the first time in seven years on Thursday after Russia's President Vladimir Putin ordered a military operation in Ukraine. Brent crude rose above US$105 a barrel for the first time since 2014

Rising crude oil prices swell India’s import bill by two times

India's crude oil import bill has more than doubled in the April-December period at US$82.4 billion, registering an increase of 108.08 percent year-on-year

Hardeep Singh Puri takes a dig at OPEC, says access to energy must be ‘affordable, reliable’

Taking a veiled dig at the OPEC, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said that India believes that access to energy must be affordable and reliable

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