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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Winter has come: The arrest of Teesta Setalvad
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‘This is hell,’ say HIV patients as government body stops supply of life-saving drug
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The British government is offering farmers a lump sum payment to quit agriculture
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Zubair arrested for posting image from 1983 film, complaint by Twitter handle with just one tweet
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How India missed the bus – and why we must catch up now
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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: How the Russian invasion of Ukraine is affecting workers in Surat’s diamond industry
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Watch: Climate activists dressed as ‘merfolk’ demonstrate during the UN Ocean Conference in Portugal
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‘A crisis shaped by mindset’: Greta Thunberg calls for climate action in Glastonbury festival speech
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‘Every dog deserves their day’: 17-year-old Chinese Crested-Chihuahua crowned World’s Ugliest Dog
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Watch: Man dressed as UK PM Boris Johnson chased by ‘police’ during England v New Zealand test match
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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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Watch: True crime series ‘Indian Predator’ kicks off with case of Delhi serial killer
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‘Subtle nuances of human relationships’: Why Satyajit Ray adapted ‘Postmaster’ and ‘Samapti’
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Watch: The trailer of series ‘Modern Love Hyderabad’ is out
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Watch: ‘Shoorveer’ series is about the creation of an elite military unit
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Start the week with a film: ‘So Long, My Son’ and China’s warped development