Oil Rates

As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.

Jet fuel, or ATF, price was on Sunday reduced by 4.6 per cent while the rate of commercial LPG used in hotels and restaurants was hiked by Rs 39 per 19-kg cylinder in the monthly revision done in line with international oil price trends.

India's net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said today.

Discover the secret to luscious locks with Amazon's best-selling hair care essentials. Let's dive into the must-haves that beauty enthusiasts can't stop raving about.

Embark on a journey to healthier, more vibrant hair with these customer-approved hair oils on Amazon. And what's more, you can get them at up to 45% off.

The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said.

Jet fuel or ATF price was today hiked by 1.65 per cent - the first increase in rate after fourth months of reduction warranted by softening oil prices.

Petroleum Minister Hardeep Singh Puri said on Saturday that oil companies will be in a position to look at the issue of reducing petrol and diesel prices if the international crude cost remains stable and these firms have a good next quarter.

Mother Dairy, which is a leading milk supplier in Delhi-NCR, on Thursday said it has reduced the maximum retail price (MRP) of edible oils sold under Dhara brand by Rs 10 per litre and the stocks with new rates will be available in the market from next week.

The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF.

The rupee declined 2 paise to 81.96 against the US dollar in early trade on Thursday amid weak sentiments in the Asian markets and upward movement in the crude oil price.

Two Gujarat firms have made bumper profits from Russian oil imports, selling them to the European Union at exorbitant rates, the Trinamool Congress has alleged.

Petroleum and oil marketing companies reduced the price of Commercial LPG cylinders by Rs 91.50 per unit with immediate effect from Saturday, sources said.

Pakistan, which is currently grappling with high external debt and a weak local currency, is desperate to purchase cheap crude at discounted rates from Russia.

The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said.

As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.

Jet fuel, or ATF, price was on Sunday reduced by 4.6 per cent while the rate of commercial LPG used in hotels and restaurants was hiked by Rs 39 per 19-kg cylinder in the monthly revision done in line with international oil price trends.

India's net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said today.

Discover the secret to luscious locks with Amazon's best-selling hair care essentials. Let's dive into the must-haves that beauty enthusiasts can't stop raving about.

Embark on a journey to healthier, more vibrant hair with these customer-approved hair oils on Amazon. And what's more, you can get them at up to 45% off.

The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said.

Jet fuel or ATF price was today hiked by 1.65 per cent - the first increase in rate after fourth months of reduction warranted by softening oil prices.

Petroleum Minister Hardeep Singh Puri said on Saturday that oil companies will be in a position to look at the issue of reducing petrol and diesel prices if the international crude cost remains stable and these firms have a good next quarter.

Mother Dairy, which is a leading milk supplier in Delhi-NCR, on Thursday said it has reduced the maximum retail price (MRP) of edible oils sold under Dhara brand by Rs 10 per litre and the stocks with new rates will be available in the market from next week.

The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF.

The rupee declined 2 paise to 81.96 against the US dollar in early trade on Thursday amid weak sentiments in the Asian markets and upward movement in the crude oil price.

Two Gujarat firms have made bumper profits from Russian oil imports, selling them to the European Union at exorbitant rates, the Trinamool Congress has alleged.

Petroleum and oil marketing companies reduced the price of Commercial LPG cylinders by Rs 91.50 per unit with immediate effect from Saturday, sources said.

Pakistan, which is currently grappling with high external debt and a weak local currency, is desperate to purchase cheap crude at discounted rates from Russia.

The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said.