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Global crude oil prices News

Excise duty on petrol

03 Jul 2016

Government may not cut excise duty on petrol, diesel for now

Government may not cut excise duty on petrol and diesel in the near-term if it accepts the suggestions made in the approach paper submitted by Chief Economic Adviser for maintaining status quo when oil prices can climb by another USD 15 a barrel.

12 Jan 2015

OPEC price war in Asia intensifies as oil falls below $50

The United Arab Emirates (UAE) last week joined Kuwait and Iraq in pricing crude they sell to Asia below that of OPEC`s top producer Saudi Arabia.

21 Oct 2014

Oil prices rise on Chinese data

Oil prices rose today as caution returned after a weak rally spurred by upbeat industrial production data from China, the world's top energy consuming nation, analysts said.

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