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The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Petrol price rise ends RBI's rate cut hopes

Analysts see rise in inflation, CAD and fall in growth rate.

21 May 2018 7:59 PM

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

Inflation to edge higher, May CPI likely around 4.6-4.7 pc: report

Even as monsoon is predicted to be normal this year, its uneven distribution could spike food prices.

18 May 2018 10:41 AM

Thats a 28 per cent gain in two years, putting the US close to becoming the worlds biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

Oil Prices dip on fall in China demand

Further weighing on prices has been rising US output, which hit another record last week at 10.8 million bpd.

9 Jun 2018 12:22 AM

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Foreign investors pull out Rs 29,776 crore from market

However he noted that the prices of oil has corrected significantly after hitting a high of $80 per barrel, which is...

3 Jun 2018 7:14 PM

The markets would have to contend with any contagion effect of the troubles in the Turkish economy and weakness in global economy on escalation of global trade issues.

Global cues, macros to dictate markets direction

The equity valuations at the moment are on the higher side as the markets have priced in a strong growth in corporate...

19 Aug 2018 7:23 PM

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

Rupee hits new low of Rs 70.74

Oil prices soared higher following reports about fall in US inventory level and likely disruption in supply from Iran...

30 Aug 2018 11:44 PM

File image of a man counting cash at a petrol pump.

Petrol, diesel prices break fresh records

The price of petrol has been increased by 20 paise per litre, while diesel saw a hike of 21 paise per litre.

6 Sept 2018 6:59 AM

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Rupee dips further after reports suggest 73/dollar

The rupee ended the session at a record low of 71.57, down 0.50 per cent from Monday's close of 71.21 a dollar.

4 Sept 2018 8:05 PM

May consider price hike if rupee remains weak against dollar: Honda

The rupee had crashed to an all-time low of 72.91 in morning trade on Wednesday.

13 Sept 2018 11:57 AM

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

World oil demand to peak at 104.4 million bpd in 2035: Unipec

Chen Bo also said China would reduce Iranian oil imports because of looming US sanctions.

24 Sept 2018 6:18 AM

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

Indian refiners may reduce oil imports as crude prices soar, rupee...

It is becoming a headache for Modi govt ahead of general elections next year.

24 Sept 2018 5:20 AM

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Fuel prices rise again, petrol crosses Rs 90-mark in Mumbai

Discussions are taking place with the United States regarding the reduction of oil imports from Iran.

24 Sept 2018 5:05 AM