Oil Price Hike

Trinamool Congress Slams PM Modi After 17th Oil Price Hike In A Row

India News | Press Trust of India | Tuesday June 23, 2020

The Trinamool Congress on Tuesday slammed Prime Minister Narendra Modi for the fuel price hikes for 17 days in a row, saying it is "disgraceful to unleash a planned disaster" on the common people at a time when the country is in the throes of a pandemic.

Centre Slashes Fuel Prices By Rs 2.50, 13 States Follow: 10 Points

India News | Edited by Anindita Sanyal | Thursday October 4, 2018

Union Finance Minister Arun Jaitley today offered relief to the people from the skyrocketing oil prices by slashing oil duty by Rs. 1.50. The oil marketing companies will cut prices by another Rs 1 - a first since fuel prices were deregulated. The minister has appealed to the states to match the cut, so prices will come down by Rs 5. The Congress c...

Trump Is "Main Culprit Of Oil Price Hikes, Market Destabilisation": Iran

World News | Agence France-Presse | Wednesday September 26, 2018

US President Donald Trump is the "main culprit" to blame for a recent surge in oil prices, Iranian Oil Minister Bijan Namdar Zanganeh said on Wednesday.

9 Hikes In 9 Days, Minister To Meet Oil Companies, Say Sources: 10 Facts

India News | Reported by Sunil Prabhu, Edited by Anindita Sanyal | Tuesday May 22, 2018

The government is likely to intervene to bring down the rising prices of petrol and diesel, sources said. Petroleum Minister Dharmendra Pradhan will meet representatives of the oil companies this evening after which prices may be reduced, sources said. Petrol prices rose again this morning, marking the ninth straight day of oil price hike and bring...

Oil Prices Soar To 3.5-Year High On Middle East Woes

Business | Pres Trust of India | Thursday April 19, 2018

London Brent struck $74.44 per barrel and New York crude touched $69.27.

Oil Tops $55 For First Time In 16 Months As OPEC Deal Fuels Buying

Business | Thomson Reuters | Monday December 5, 2016

Brent crude oil prices rose above $55 a barrel, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.

Brent Oil Pushes Above $50 For First Time In Seven Months

Business | Thomson Reuters | Thursday May 26, 2016

Brent had climbed 34 cents to $50.08 a barrel by 0520 GMT, its highest since Nov. 4. It ended the previous session up $1.13, or 2.3 percent.

Oil Prices Push Closer To $50, US Crude Hits Highest In Seven Months

Business | Thomson Reuters | Wednesday May 25, 2016

Oil markets were also supported by an overnight surge in US equities and strong home sales that could point to the Federal Reserve raising interest rates as early as June.

Diesel prices may go up by Rs 5/litre next week: Sources

Business | Wednesday August 28, 2013

Diesel prices are likely to go up sharply after the monsoon session of Parliament ends on September 6. Oil companies have asked the oil ministry for a one-time hike of diesel prices by at least Rs 5-6 per litre, ministry sources told NDTV.

Oil reaches four-month high as Middle East tensions flare

World News | Reuters | Thursday August 15, 2013

Brent crude prices rose to a 4-month high over $110 a barrel on Wednesday on concerns about supply disruptions in Libya and escalating violence in Egypt.

Oil price hike to be decided by oil companies: Panabaka Lakshmi

Business | Thursday February 14, 2013

The Centre said on Thursday the oil price hike issue will be taken by oil companies and not by the concerned Ministry.

Oil companies may hike petrol prices by over Rs 2 today

Business | Press Trust of India | Monday January 2, 2012

Will petrol prices be hiked again today? Oil companies are likely to revise rates with a Rs 2.10 - 2.13 per litre increase in petrol price saying that it is needed because of a weakening rupee.

*Kotak Bank Pan: See Nov WPI inflation at 10.1% if oil prices hiked

Business | NDTV Correspondent | Saturday November 26, 2011

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India lags rest of world in terms of oil price hike

Business | NDTV Correspondent | Saturday November 26, 2011

As the strom rages over the government’s fuel price hike last Friday, a closer look at the data of the past two years reveals an interesting fact that Indian fuel prices, both petrol and diesel have consistently lagged behind world crude prices. From 2009 to 2011, world crude prices rose by 60 per cent, but India has hiked petrol and ...

No decision on oil price hike?: An opportunity missed?

Business | NDTV Correspondent | Friday November 25, 2011

The government has postponed the decision to raise fuel prices after some key members of a high-power committee on fuel pricing were unable to attend a crucial meeting in Delhi on Monday. Cabinet ministers Mamata Banerjee was rumoured to have stayed away due to political reasons and Sharad Pawar due to health reasons were not part of this i...