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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In Saudi Arabia’s scaled-down plans for megacity across the desert – a warning sign for the future
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In heated Maharashtra poll battle, Uddhav Thackeray emerges as Opposition alliance’s strike weapon
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Will Indian schools ever be ready to give students sex education?
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Why there should be no place for a ‘Brahmin conference’ at Indian universities
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May global fiction: Six hot-off-the-press books to take you on a world literary tour
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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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Eco India, Episode 260: Can technology's societal benefits extend to environmental sustainability?
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Video: How free and fair are Indian elections today?
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Watch: Aishwarya Rai Bachchan walks the Cannes red carpet with an injured arm
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Watch: Meet Figaro, the curious cat who loves to ‘help’ her human making pottery
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Watch: Messi, the dog from ‘Anatomy of a Fall’, walks the red carpet at the Cannes Film Festival
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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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‘Chandu Champion’ trailer: Kartik Aaryan in biopic of Paralympic gold medalist Murlikant Petkar
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‘It Ends With Us’ trailer: Blake Lively stars in drama about an abusive relationship
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‘Thalaimai Seyalagam’ review: Overcooked and unsavoury
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‘Kartam Bhugtam’ review: Lots of sowing but little reaping
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‘Baahubali: Crown of Blood’ review: More of the same, only in animation