Tag Archives: Crude Oil

Petrol price may be cut by up to Rs 2 from next week

A freshly report, the Oil corporations are in plans to cut petrol price to give little relaxation to the citizens; the reduction would be by Rs 2 per litre. On Friday after tabled a meeting of oil marketing companies, they are expected to cut rates because of declining rates of crude prices in the international [...]

Petrol price likely to fall further: Pranab Mukherjee

The finance minister of India, Pranab Mukherjee has indicated the petrol price may fall further in the coming period of time as the crude oil prices fall in the international market. Earlier, the UPA government and Oil companies has announced a hike of Rs 7.54 per liter in petrol price in the country on 24 [...]

Petrol price may cut by Rs 1.50 a litre from today

The hike of Petrol prices upto Rs 7.50 per litre last week, moved in a nationalwide strike, called by the NDA, Left parties and many key allies of the UPA on Thursday, hitting worse the transport routes. The government still with its node not to reduce the hike as long as opposition pressure, but source [...]

Hike in Petrol price, NDA calls for bandh on May 31

From Wednesday midnight, states owned oil companies hiked petrol price by Rs. 7.50 plus local taxes – the biggest hit of past10 years, opposing the hike prices, NDA called a nation-wide bandh on May 31. Threatening the government to go with a huge agitation national strike, opposition asked to roll back the hike amid fears [...]

India looks for 5 million tonnes Saudi crude oil

According to the latest reports, India has announced that it has sought up to five million tonnes of extra crude from Saudi Arabia with an idea to fill up the lost supplies as New Delhi is looking at paring its oil purchase from Iran in the face of US and EU sanctions against Teheran. While [...]