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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Business

Crude oil imports may be cut as fuel crosses Rs 90

Since mid-August, petrol has risen by Rs 5.58 a litre and diesel by Rs 5.3 a litre.

25 Sept 2018 9:00 AM IST

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.

India

Petrol prices continue to surge, breaches Rs 90-mark in Mumbai

A litre of petrol was being sold at Rs 90.08 in Mumbai, Indian Oil Corporation (IOC) stated.

24 Sept 2018 10:04 AM IST

Petrol price was hiked by 30 paise per litre and diesel by 25 paise a litre, according to a price notification of state-owned fuel retailers. (Representational Photo:PTI)

Business

Petrol, diesel prices at fresh highs as rates up for 2nd straight day

The increase took petrol price to an all-time high of Rs 87.60 a litre in Delhi and to Rs 94.12 in Mumbai

11 Feb 2021 4:34 AM IST

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

Business

Petrol price up by Rs 6 per litre since July; diesel Rs 3.67

A litre of petrol costs Rs 69.04 a litre in Delhi highest since second-half of August 2014.

27 Aug 2017 2:47 PM IST

$\The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel.$ Business

Petrol price hike by 13 paise; diesel cheaper

Petrol in Delhi will cost Rs 66.10 a litre, diesel will cost Rs 54.57 a litre from midnight tonight.

30 Nov 2016 7:02 PM IST

ust as solar light can generate electricity, the water splitting process could do the same via the generation of clean chemical fuel such as hydrogen.

Business

Petrol price cut by Rs 3.77 a litre, diesel by Rs 2.91

Petrol currently costs Rs 71.14 a litre in Delhi and diesel is priced at Rs 59.02 per litre.

31 March 2017 11:08 PM IST

Prior to the December 1 price change, rates were hiked by Rs 1.46 a litre in the case of petrol and Rs 1.53 per litre for diesel, excluding local levies, on November 16.

Business

Petrol, diesel prices to change every day from May 1

Daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight.

12 April 2017 2:15 PM IST

Business

Fuel price drop: Petrol by Rs 1.12/litre, diesel by Rs 1.24/litre

From tomorrow, petrol and diesel rates will be revised in sync with any movement in international oil rates.

15 Jun 2017 7:50 PM IST

Business

Oil prices expected to go up

On the domestic front, Crisil believes that oil consumption in the near term would dip, but would rebound once it...

7 Dec 2016 2:04 AM IST