New oil price cap roils global trade but India may gain

Russia has threatened to retaliate and stop exports to those countries that support the oil price cap.

published on : 7th December 2022

No change in buying Russian oil despite price cap, says govt

A lot of countries from Europe have turned to Middle East for their fuel as a result of which their prices have shot up.

published on : 6th December 2022

Experts say price cap on Russian oil may make crude oil dearer

In a bid to restrict Russia’s revenue from crude export, the EU, G7 and Australia proposed to cap Russian oil at $60 per barrel.

published on : 6th December 2022

Russia rejects USD 60-a-barrel cap on its oil, warns of cutoffs

Russia's crude has already been selling for around $60 a barrel, a deep discount from international benchmark Brent, which closed Friday at $85.42 per barrel.

published on : 4th December 2022

Shallot price increases to Rs 80 per kg in Dharmapuri

Even stored shallots were damaged due to moisture, dipping the arrival of shallots in the markets.

published on : 4th December 2022

India to continue buying oil from all countries including Russia: Official

Russia has threatened to refuse to sell its oil to anyone wanting to cap prices.

published on : 2nd December 2022

OPEC set to stick or cut more amid plan to cap Russian oil price

"Russia might also retaliate by leveraging its influence within OPEC+ to push for more production cuts down the road, thus exacerbating the global energy crisis," Campanella said.

published on : 2nd December 2022

Tomato, onion growers in Karnataka in tears over price crash

Hallikeri said for farmers from his region it was double whammy --- there were floods in the region and the price crash.

published on : 1st December 2022

ATF price slashed by 2.3 per cent, now at Rs 1.17 lakh per kilolitre

The rate reduction, which will provide relief to airlines for whom fuel makes for almost 40 per cent of the operating cost, comes on the back of a Rs 4,842.37 per kl reduction last month

published on : 1st December 2022

Government panel suggests gas price of USD 4 to 6.5 per unit 

It suggested the ceiling rate for this gas from legacy or old fields, called APM gas, will be increased by $0.5 per mmBtu annually.  

published on : 1st December 2022

Crude prices up as China eases covid curbs

The oil price has been volatile in the past 2-3 weeks due to various reasons. Brent Crude Future, the benchmark of crude price, was trading at $80.97 per barrel on Monday.

published on : 30th November 2022

Gadag farmer travels 415 km to Bengaluru to sell onions, gets Rs 8.36 for 205 kg!

Prices of agricultural crops fluctuate wildly, but still, this is quite shocking. A farmer from Gadag got Rs 8.36 after selling 205 kg of onions at the Yeshwanthpur market in Bengaluru.

published on : 28th November 2022

Kirit Parikh panel likely to recommend price cap for ONGC gas, no change in formula for Reliance 

For the legacy or old fields of Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), the committee is likely to recommend a floor or minimum base price and cap or ceiling rates.

published on : 27th November 2022

No plans to increase Amul milk prices in near future: GCMMF MD R S Sodhi

Earlier this week, Mother Dairy hiked prices of full-cream milk by Re 1 per litre and token milk by Rs 2 per litre in the Delhi-NCR market, citing rise in input cost.

published on : 26th November 2022

EXPLAINER: What's the effect of Russian oil price cap, ban?

The twin measures could have an uncertain effect on the price of oil as worries over lost supply through the boycott compete with fears about lower demand from a slowing global economy.

published on : 25th November 2022

Indian refiners stand to gain as Brent crude price falls below USD 85 per bbl

Gaurav Moda, India Energy Leader, EY, said falling and consistent crude prices are always good news for India, given the country continues to import nearly 80% of its oil requirements. 

published on : 25th November 2022

At 8.82%, inflation rate in Telangana the highest in country

It’s 9.47% in rural areas, 8.23% in urban areas: Ministry of  Statistics

published on : 25th November 2022

European Union nations work on rift over gas price cap as cold sets in

Natural gas and electricity prices have soared as Moscow has slashed gas supplies to Europe used for heating, electricity and industrial processes.

published on : 24th November 2022

Devotees express resentment over hike in darshanam ticket price

Each has to pay Rs 300 for Antaralaya darshanam and Rs 100 for Mukha Mandapam darshanam till Dasara festival.

published on : 22nd November 2022

Karthika Masam causes vegetable, fruit prices to skyrocket by Rs 10 per kilogram

Many non vegetarians prefer to go fully vegetarian during this season on devotional grounds and to participate in rituals related to Lord Shiva during the month, he noted.

published on : 20th November 2022
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