Crude Oil Price

Ukraine-Russia crisis may hit commodities beyond just oil and gas, says ex-RBI guv Raghuram Rajan

Rajan believes the escalating tensions between Russia and Ukraine have the potential to affect not just oil and natural gas but essential commodities like wheat

Russia-Ukraine crisis: How the Nord Stream 2 gas pipeline fits into the predicament and what happens next

Germany paused the $11 billion controversial project after Russia recognised separatist areas of Donetsk and Luhansk in Ukraine

Petrol price up Rs 36 a litre, diesel by Rs 26.58 in less than 18 months

While petrol is above Rs 100-a-litre-mark in all major cities, diesel has crossed that level in more than a dozen states

Petrol crosses Rs 100 per litre mark for first time in Rajasthan, to cost Rs 89.54 in Delhi, Rs 96 in Mumbai

While branded petrol already costs above Rs 100 in several cities, Wednesday's was the first time regular petrol price crossed the psychological mark of Rs 100 a litre in India

Fuel price hike: Petrol hits record high of Rs 92.04 per litre in Mumbai, to cost Rs 85.45 in Delhi

Petrol and diesel prices were hiked by 25 paise per litre each for the third time in the same week. After the revisions, diesel will be at an all time high Rs 75.63 a litre in the National Capital and Rs 82.40 in Mumbai

Oil prices jump over $1 as recent sharp falls draw investors; US says it will take advantage of low crude rates to fill strategic reserve

Amid heavy demand loss from the global spread of the virus that causes COVID-19, Saudi Arabia and Russia started a price war after failing to agree to extend their pact to cut output to support the market.

Rupee settles 6 paise higher at 71.19 against as RBI maintains accommodative stance; low oil price support local currency

At the interbank foreign exchange market, rupee opened on a positive note at 71.22. During the day, it saw a high of 71.11 and a low of 71.30.

Rupee rises 18 paise to 70.72 against dollar in morning trade amid gains in domestic equity market, easing crude prices

However, strengthening of the greenback vis-a-vis other currencies overseas capped gains for the rupee, forex dealers said.

Saudi Aramco drone strikes: Petrol, diesel prices likely to rise in India after crude sees biggest-ever jump of 19% since 1991

However, any price rise in petrol and diesel in the coming days will not last long due to the diversified crude procurement strategy of the Indian oil companies.

Fuel prices up marginally: Petrol, diesel rates rise across four metros after plunge in US crude production

The change in the price of crude oil in the international market directly influences the price of crude oil in the domestic market and is one of the most important factors responsible for an increase in petrol prices in Indian domestic market.