crude oil

Rupee gains 46 paise to 78.94 against US dollar ahead of RBI policy outcome

At the interbank foreign exchange, the rupee opened at 79.15 against the American dollar, then touched 78.94, registering a gain of 46 paise over the last close.

published on : 5th August 2022

Govt cuts windfall tax on diesel, ATF export; raises levy on domestic crude oil 

India first imposed windfall taxes on July 1, joining a growing number of nations that taxes super normal profits of energy companies.

published on : 3rd August 2022

Rupee rises 13 paise to 79.11 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 79.16 against the US dollar and touched 79.11 in initial deals, registering a rise of 13 paise over the last close.

published on : 1st August 2022

Indian Oil Corporation reports first loss in two years; sold petrol at Rs 10 per litre loss, diesel at Rs 14

This is the first quarterly loss in over two years. The company had reported a net loss in January-March 2020, but that was on account of inventory losses on processing costlier crude.

published on : 31st July 2022

Markets fall in early trade on weak global trends

The 30-share BSE benchmark declined 75 points to 55,193.49 points in the early trade. The broader NSE Nifty dipped 33.6 points to 16,450.25 points.

published on : 27th July 2022

Rupee falls 10 paise to 79.88 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 79.83 against the US dollar, then fell to 79.88 against the greenback, registering a decline of 10 paise over the last close.

published on : 27th July 2022

Rupee rises 9 paise to 79.81 against US dollar in early trade

On the domestic equity front, the 30-share Sensex was trading 95.33 points or 0.17% lower at 55,976.90 points, while the broader Nifty declined 31.80 points or 0.19% to 16,687.65 points.

published on : 25th July 2022

From investment portfolio to education abroad: Here is how rupee depreciation impacts your money

As much as 86% of Indian imports are invoiced in dollars. Therefore, when the rupee depreciates against the US dollar, imports become costlier in rupee terms.

published on : 25th July 2022

Rupee at 80 against US dollar; here's some pros and cons of a weak currency

India's forex reserves had dropped for five out of the past six straight weeks, on account of RBI's likely intervention in the market to defend the depreciating rupee.

published on : 21st July 2022

Government cuts windfall tax on petrol, diesel, jet fuel, crude oil 

Besides, the tax on diesel has been reduced to Rs 11 from Rs 13 per litre, according to finance ministry notifications. 

published on : 20th July 2022

‘At one-fourth of import price, India can produce oil’: Anil Agarwal

He further added that while 20% of companies can be privatised, the rest, including defence factories, should be corporatised with the condition that there will be no job loss.

published on : 19th July 2022

India’s crude imports from Russia up 7.2 times in April-May 2022

India, which used to import around 2% of its oil needs from Russia, has enhanced its imports ever since the war broke out between Russia and Ukraine.  

published on : 14th July 2022

Snapping two-day losses, Indian stock indices rise marginally

The major positive development from India's economic and market perspective is the crash in Brent crude to below $100 for the first time since March 22

published on : 13th July 2022

Rupee plunges to record low as dollar climbs, trade deficit widens 

Amid these challenges, certain brokerages expect further weakness in the local unit in the coming months.

published on : 6th July 2022

Windfall tax on crude oil: Govt rakes in Rs 1.3 lakh crore; here's what brokerages say

JP Morgan said while the duties on steel/iron ore helped reduce domestic prices and curb inflation, a higher tax on gold should decrease imports and help the external balance marginally.

published on : 4th July 2022

India raises excise duty on fuel to curtail export by private fuel retailers

The decision seems to have been taken after private fuel retailers like Jio-BP and Nayara Energy reportedly exported oil to other countries, after acquiring cheap crude from Russia. 

published on : 1st July 2022

Industry welcomes deregulation of locally produced oil

The government on June 29 allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuels such as petrol and diesel.

published on : 30th June 2022

Government deregulates domestic crude oil market

The government on Wednesday deregulated the sale of domestically-produced crude oil, giving companies autonomy to sell their produce to whomever they want. 

published on : 30th June 2022

Government gives ONGC,Vedanta freedom to sell crude oil

The decision would allow Oil and Natural Gas Corporation and Oil India Ltd to sell their domestic produce to anyone offering the most price in an e-auction.

published on : 29th June 2022

Rupee recovers from record low, opens 12 paise up at 78.20 against US dollar

At the interbank foreign exchange, the rupee opened at 78.20 against the American dollar. In initial trade, the local currency witnessed a high of 78.19 and a low of 78.24 against the US dollar.

published on : 24th June 2022
1 2 3 4 5 6 >