Gandhinagar, March 27 (IANS) The Gujarat government has welcomed the central government’s move to cut excise duty on petrol and diesel by Rs 10 per litre.Gujarat Chief Minister Bhupendra Patel said, “Today, when there has been a sharp rise in crude oil prices at the global level, the Prime Minister Narendra Modi has once again demonstrated his sensitivity towards the people of the country by prioritising the welfare of citizens above all else.”He further noted, “The Central Government has …
Latest crude oil prices News & Updates
Mumbai, March 22 (IANS) The Indian stock market ended the week on a cautious note, and experts believe global tensions, rising crude oil prices, currency pressure and movement in precious metals will be key factors shaping investor sentiment in the coming days.The benchmark indices, Nifty and Sensex, closed the week largely flat with a slight negative bias.While the first three trading sessions remained positive, a sharp sell-off on Thursday erased most of the gains, followed by a volatile sessi…
New Delhi, March 22 (IANS) The Indian equity markets are demonstrating ‘structural resilience’ despite intense global macro headwinds and foreign institutional investors (FII) outflows, according to analysts.For the week ending March 20, a persistent risk-off sentiment among FIIs was observed, with weekly net outflows totaling Rs 29,718.9 crore. This exodus, coupled with a surging US Dollar index, pressured the Indian rupee to a provisional record low of 93.71. “Remarkably, the Nifty 50 mainta…
Jaipur, March 20 (IANS) Amid volatility in global crude oil markets and rising geopolitical tensions in the Gulf region, Oil Marketing Companies (OMCs) have increased the prices of premium petrol (branded fuel). In Rajasthan, the hike, ranging between Rs 2 and Rs 2.3 per litre, has been announced. However, there is some relief as prices of regular petrol remain unchanged for now.Sunit Bagai, convenor of the Rajasthan Petroleum Dealers Association, told IANS that the increase in premium petrol wi…
Mumbai, March 12 (IANS) Gold prices in India traded slightly lower on Thursday, even as silver prices recovered from early losses and moved higher due to strong buying at lower levels.On the Multi Commodity Exchange (MCX), gold for April futures was trading at Rs 1,61,665 per 10 grams, down by Rs 124 or 0.08 percent.The precious metal had opened higher at Rs 1,62,799 per 10 grams compared with its previous close of Rs 1,61,789, but later pared its gains amid weak global cues.Experts said that st…
New Delhi, March 9 (IANS) The government has increased the minimum waiting period for booking a domestic LPG cylinder refill from 21 days to 25 days to prevent hoarding, as there were signs of panic buying taking place in the market amid the uncertainties due to the Iran war.Officials said that there is a sufficient supply of LPG available in the country, and the booking time for LPG cylinders has been increased as a measure to manage inventory effectively.The step has been taken as there was a …
New Delhi, March 9 (IANS) An IndiGo flight operating from London to Mumbai that could not complete its journey on March 8 due to ongoing disruptions linked to the conflict in the Middle East will now operate on March 10 after mandatory crew rest.The sources familiar with the matter said arrangements are being made for passengers affected by the disruption.Hotel accommodation and visas are being arranged to assist travellers during the delay.The development comes as several international flights …
Washington, March 9 (IANS) Wall Street is likely to start the second week of March in the red on Monday (US time). The Dow Jones futures — an early indicator of the US stock markets — traded lower after crude oil prices climbed above $110 per barrel.S&P 500 futures were down about 1 per cent, while Nasdaq 100 futures slipped around 1.1 per cent, reflecting persistent risk aversion in global markets.Dow Jones Futures were trading at 46,964.86, down 536.69 points or 1.13 per cent ahead of Wa…
Mumbai, March 9 (IANS) Shares of major state-owned oil marketing companies (OMCs) traded under pressure on Monday, declining up to nearly 9 per cent in early trade as the conflict involving Iran disrupted energy flows through the Strait of Hormuz and rattled global markets.Global crude oil prices surged past the $100-a-barrel mark.With this development, OMC stocks such as Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) slumped up to …
Mumbai, March 9 (IANS) The Indian equity markets plummeted close to 3 per cent in early trade on Monday tracking global weakness, rising crude oil prices amid escalating tensions in the Middle East.As of 9.22 AM, the Sensex lost 2,333 points, or 2.96 per cent, to reach 76,585 and Nifty dipped 686 points, or 2.81 per cent to reach 23,764.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 slipped 3.28 per cent, and the Nifty Smallcap 100 dipped 3.37 per ce…