Cost Of Oil
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India to release 5 million barrels of crude oil from strategic reserves in bid to slash fuel prices
Other major energy consuming countries, including the United States and China will also release oil from their reserves.
Scroll Staff
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Why India’s petrol prices remain flat despite global crude oil crash
The Narendra Modi government cannot afford to cash in on global trends.
Prathamesh Mulye, Qz.com
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Petrol, diesel prices hit another peak days after reaching 55-month high
On Sunday, petrol cost Rs 74.40 a litre in Delhi, Rs 77.10 in Kolkata, Rs 82.25 in Mumbai and Rs 77.19 in Chennai.
Scroll Staff
Trending
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‘Knowing we’re mortal gives us purpose’: Nobel laureate Venki Ramakrishnan on his new book
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Ramachandra Guha: How Narendra Modi has undermined the practice of science in India
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‘We are living in perpetual fear’: Prajwal Revanna video leaks spark panic among women in Hassan
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BJP Karnataka’s online video sparks outrage for ‘demonising Muslims’
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May in fiction: Cool down this summer with these six just-published novels
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Oil Ministry pushing for cut in excise duty on petrol, diesel as prices rise
The price of petrol in Mumbai on Tuesday touched Rs 80.25 per litre for the first time since August 2014.
Scroll Staff
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The commodities rally is good news for the global economy, but it could be bad news for India
Rising commodity prices will stretch India’s government finances, squeeze corporate profits, and lead to imported inflation that may stunt economic recovery.
Sriram Iyer, qz.com
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The Centre could provide relief from rising fuel prices by cutting taxes, but here’s why it may not
The price of petrol and diesel remains as high even though the cost of importing crude oil has halved from 2011.
Nitin Sethi & Mayank Jain
Video
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Watch: This man fused hip-hop with Bharatnatyam to dance to Shakira’s ‘Hips Don’t Lie’
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Watch: Comedian hilariously mimics different types of announcements at railway stations
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Eco India: A new buzzword for a protein rich animal feed: Insect farming
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Eco India, Episode 259: How future-proof innovations can revolutionize the way we protect nature
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Video: What will it take to bring back peace to Manipur?
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Cheap oil is spoiling India’s remittance party this year
Low oil prices have taken a toll on the Gulf nations, impacting the money sent home by Indians working there.
Madhura Karnik, qz.com
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Saudi Arabia, Russia agree to freeze oil production to stabilise market
The world’s two biggest oil producers, along with Venezuela and Qatar, will follow through with the agreement only if other major producers follow suit.
Scroll Staff
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Black oil, red budgets: how long can Gulf states endure low prices?
Countries that gave away much of their oil bonanza in generous perks for their citizens are suddenly struggling to balance their budgets.
Jennifer Hunt, The Conversation
The Reel
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How actor Shahana Goswami flies under the radar and above the competition
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‘Presumed Innocent’ trailer: Jake Gyllenhaal plays a lawyer accused of murdering his lover
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‘Lampan’ trailer: Marathi series is based on Prakash Narayan Sant’s stories
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Watch: ‘Murder in Mahim’ series is based on Jerry Pinto’s crime novel
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‘Women Of My Billion’ review: What happens when women get talking