Latest News on Oil Markets
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Oil Markets - Total results - 67
May 18, 2018
A worried oil minister Dharmendra Pradhan wants Saudis to keep oil prices stable; says spike will hurt Indian economyWith global crude prices touching $80 a barrel, Oil Minister Dharmendra Pradhan has pressed OPEC kingpin Saudi Arabia to keep prices stable and moderate
May 14, 2018
Chidambaram slams govt for fuel price hike, says brief pause was only for Karnataka Assembly pollsAfter a 19-day pre-Karnataka poll hiatus, the price of fuel went up with petrol today up by 17 paise a litre and diesel by 21 paise
Feb 05, 2018
Petrol, diesel prices on the rise: Out of 19 BJP ruled states only 4 cut VAT on fuelsJust 4 states and one union territory have cut local sales tax or VAT on petrol and diesel since the October 2017 decision of the Centre to reduce excise duty on the two fuels, Oil Minister Dharmendra Pradhan said on Monday
Oct 09, 2017
Petrol pumps to go on 24-hour nationwide strike from 12 October midnightUnited Petroleum Front has said that if the govt does not relent, petrol pumps would go for an indefinite closure from 27 October till the trade anomalies are resolved
Sep 13, 2017
Centre cannot change fuel prices on knee-jerk basis, says petroleum minister Dharmendra PradhanThe government cannot change fuel prices on a knee-jerk basis, petroleum minister Dharmendra Pradhan said on Wednesday on a day when stocks of state-run oil marketing companies (OMCs) tanked by as much as eight per cent following recent hikes in transport fuel prices.
Sep 10, 2017
Centre asks OMCs to install high-security devices to check petrol and gas pilferage at retail outletsThe existing security devices at gas and petrol stations vulnerable to be manipulated will be replaced with the new high-security devices.
Aug 04, 2017
Indian Oil, other oil marketers hike petrol pump dealers' commissions by up to 59 % for dieselThe oil industry has approximately 9 lakh customer attendants working at petrol pumps, who will be benefited by this.
Jul 03, 2017
Daily price change troubles: Petroleum dealers call nationwide strike on 12 JulyThe oil marketing companies were supposed to install 100 percent automated system at the pumps. But they have not done it
Jun 14, 2017
Daily fuel price change: Ahead of strike, Indian Oil tries to allay fears of petrol pump dealersThe fear of dealers about inventory loss is unwarranted as the change of prices will happen both upwards as well as downwards
May 31, 2017
Petrol price hiked by Rs 1.23 per litre, diesel price goes up by 89 paisePetrol price was hiked on Wednesday by Rs 1.23 per litre and diesel by 89 paise a litre in sync with rising international fuel rates.