New Delhi, March 24 (IANS) After Zomato, food delivery platform Swiggy has raised platform fee, increasing it by 17 per cent to Rs 17.58 per order from Rs 14.99 earlier. The revised charges, as per its billing on the app, suggest a hike of around 17 per cent or Rs 2.59, including pre-GST, just days after rival Zomato revised similar category charges.The revised fee is now visible on the Swiggy app, with the company informing users that the increase is aimed at helping it “operate and maintain …
Latest Crude Oil News & Updates
New Delhi, March 24 (IANS) The Indian rupee opened higher against US dollar on Tuesday after US President Donald Trump announced a five-day pause of strikes on Iranian power and energy infrastructure.The domestic currency was trading at Rs 93.64 to the dollar, as compared to the record low of Rs 93.98 to the dollar in the previous trading session.According to analysts, the market has welcomed the five-day pause but not with conviction, and any signs of further de-escalation could pull the USD/IN…
New Delhi, March 23 (IANS) Congress MP Manish Tewari on Monday raised concerns over supply disruptions caused by the ongoing conflict in West Asia and stressed the need to give diplomacy a chance. He said the war has entered a very critical and dangerous phase, urging all sides to de-escalate tensions. Speaking to the media, Tewari highlighted the challenges facing energy-consuming nations, pointing to the wider implications of disruptions in the supply chain of crude oil, natural gas, fertilise…
New Delhi, March 23 (IANS) The quantity of crude oil currently stocked as part of India’s strategic reserves is around 3.372 million metric tonnes (MMT), which is 64 per cent of the total storage capacity of these reserves, the Parliament was informed on Monday.The government, through a Special Purpose Vehicle called the Indian Strategic Petroleum Reserve Limited (ISPRL), has established Strategic Petroleum Reserves (SPR) facilities with total capacity of 5.33 million metric tonnes (MMT) of cr…
New Delhi, March 21 (IANS) India’s overall economic position remains stable despite rise in fuel prices, and crude oil prices will be crucial in shaping the country’s external balance in FY27, a report said on Saturday.A sustained rise in global crude oil prices could widen India’s current account deficit (CAD), the report from Brickwork Ratings said.Rising crude prices are likely to weigh on growth and inflation, the report said, adding that India’s CAD is estimated at 1.3 per cent of G…
New Delhi, March 20 (IANS) Food delivery platform Zomato has increased platform fee by 19.2 per cent or Rs 2.40 per order, according to the latest billing details available on its app on Friday.On a pre-GST basis, the platform fee now stands at Rs 14.90 per order, up from Rs 12.50 earlier.The latest hike comes amid rising energy costs, including LPG and crude oil, which have increased operating expenses for restaurants and delivery partners, prompting platforms to adjust pricing.Leading online f…
Bhuj, March 18 (IANS) The Indian‑flagged crude oil tanker, ‘Jag Laadki’, has safely arrived at Adani Ports’ Mundra terminal in Gujarat, carrying approximately 80,886 metric tonnes of crude oil sourced from the United Arab Emirates.The vessel was loaded at Fujairah Port and berthed here on Wednesday, port officials confirmed.’Jag Laadki’ measures 274.19 metres in length overall with a beam of 50.04 metres, a deadweight tonnage of around 1,64,716 tonnes and a gross tonnage of about 84,73…
Mumbai, March 14 (IANS) Indian equity benchmarks lost nearly 6 per cent on a weekly basis, reflecting sustained selling pressure amid escalating geopolitical tensions in West Asia.Nifty dipped 5.31 per cent during the week and lost 2.06 per cent on the last trading day to reach 23,151. At close, Sensex was down 1,470 points or 1.93 per cent at 74,563. It advanced 5.52 per cent during the week.The sharp correction has largely been driven by the surge in crude oil prices and rising macroeconomic c…
New Delhi, March 13 (IANS) The government on Friday said that domestic production of cooking gas has increased by 30 per cent and assured that the country has enough fuel supplies to meet demand despite the ongoing tensions in West Asia.Speaking at an inter-ministerial briefing, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas, said India’s refineries are currently producing 30 per cent more LPG compared to March 5.“The government is …
New Delhi, March 12 (IANS) There is no LPG shortage in the country and “no dry-out has been reported”, Petroleum and Natural Gas Ministry’s Joint Secretary, Marketing and Oil Refining, Sujata Sharma, said on Thursday.In a briefing on the current LPG situation in the country, she said that LPG bookings have increased as consumers are rushing to secure supplies amid concerns over potential disruptions, describing the rush as “panic-driven rather than the result of any actual shortage”.”The Strait …