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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What recourse does Canada have under international law after accusing India of assassination?
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Live
India at Asian Games, Sept 30, live blog: Gold for Bopanna-Bhosale, two medals assured in boxing
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‘Northeast India’: This book shows the region may have one name but looks back at many histories
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Scroll Ideas: How the BJP 'pappufied' Rahul Gandhi
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‘An espionage thriller is the most juicy genre’: Vishal Bhardwaj on ‘Khufiya’
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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: Actor Parineeti Chopra and MP Raghav Chadha’s wedding provides the music video for her song
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Watch: New York streets, homes and metro stations heavily flooded after rain
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Watch: Skydiver makes cereal and eats it too while parachuting to the ground
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Watch: Meta and Ray Ban launch smart glasses with which to search, translate, livestream, and more
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Michael Gambon (1940-2023): Scenes from some of the actor’s memorable roles, including Dumbledore
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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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‘An espionage thriller is the most juicy genre’: Vishal Bhardwaj on ‘Khufiya’
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‘Choona’ review: An impish caper with memorable characters
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‘Mumbai Diaries’ season 2 trailer: Bombay General Hospital staff deal with a deluge
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‘Tumse Na Ho Payega’ review: A spirited cast enlivens a predictable plot
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Watch: Ranbir Kapoor in ‘Animal’ teaser