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Oil price hike News

07 Aug 2022

Inflation creates trouble for people in Bangladesh

The government has given another big blow to the inflation-stricken people in Bangladesh. Last night, the prices of petrol-diesel were increased by 51.7 percent.

Petrol price hike

17 May 2018

Petrol, diesel prices may be hiked by Rs 4 per litre

The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain stable hereon.

ONGC capital spending

17 May 2018

ONGC capital spending not impacted by oil price: Moody's

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.

18 Dec 2016

Prospects of rate cut affected as dollar, crude rise: ASSOCHAM Paper

Due to continuous pressure on rupee against dollar, prospects for cut in the policy rates by the RBI mabe be adversely affected.

03 Dec 2014

Oil tumbles anew on Iraqi export deal, futures margin hike

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.

14 Jun 2014

Govt keeping close watch on oil prices: Mayaram

The government is watching crude oil prices in the wake of Iraq crisis, Finance Secretary Arvind Mayaram said on Saturday.

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