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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‘Saffronisation of Doordarshan’: After DD News unveils new logo, social media users express alarm
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Husna Bai: The tawaif who made Hindustani music a respectable profession for women artists
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‘Do Aur Do Pyaar’ review: Adultery saga has a maths problem
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Carnatic music: Violinist L Subramaniam’s new book looks at the 18th-century masters
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Is the 2024 Lok Sabha election India’s last chance before the point of no return?
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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: Unbelievable scenes of flooding in Dubai airport, streets, and malls after heavy rain in UAE
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Indian elections: How secure is the EVM-VVPAT process?
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Watch: Footballers of Indian clubs walk out on the pitch with dogs to get them adopted
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Watch: Dogs wag their tails to ‘conduct’ classical music orchestra
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Watch: Glimpses of Indian singer Sid Sriram’s debut performance at Coachella 2024
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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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‘Trap’ trailer: M Night Shyamalan’s thriller stars Josh Hartnett as a serial killer
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Watch: Five directors shoot on iPhones for MAMI Mumbai Film Festival initiative
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‘Do Aur Do Pyaar’ review: Adultery saga has a maths problem
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‘Love Sex Aur Dhokha 2’ review: Laboured and barely provocative
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‘Civil War’ review: An urgent film about a barely-distant future