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

· Nov 23, 2021 · 09:02 pm

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

· Apr 24, 2020 · 01:30 pm

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

· Apr 22, 2018 · 04:23 pm

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

· Jan 23, 2018 · 10:18 am

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

· Jan 05, 2018 · 07:30 pm

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

· Sep 20, 2017 · 06:30 am

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

· Oct 11, 2016 · 10:30 pm

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

· Feb 16, 2016 · 08:41 pm

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

· Feb 04, 2015 · 12:30 pm