Tue, Jan 23, 2024
The United Arab Emirates president has issued a law establishing an artificial intelligence and advanced technology council, the Abu Dhabi Media Office said on Monday.
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Thu, Dec 28, 2023
Media reports said that Brent crude futures inched up 10 cents, or 0.1 per cent, to $79.75 a barrel by 0424 GMT, while U.S. WTI crude futures were trading 5 cents lower at $74.06 a barrel.
Tue, Dec 19, 2023
In Iran, Oil Minister Javad Owji on Monday confirmed a nationwide disruption to petrol stations was caused by a cyberattack.
Wed, Jun 13, 2018
From May 30, the OMCs are being forced to cut petrol prices despite Brent crude hovering near $76 per barrel.
Tue, Jun 12, 2018
For the Indian government, fuel is a major generator of revenue and that is why authorities have been reluctant to provide relief.
Mon, Jun 11, 2018
Over Rs 1 litre diesel price cut has been ordered so far. Cities like Mumbai, Kolkata and Chennai have seen major relief in diesel rates.
Sun, Jun 10, 2018
Over Rs 1 litre diesel price cut has been ordered so far. Cities like Mumbai, Kolkata and Chennai have seen major relief in their diesel rates.
The trend is changing regarding petrol prices and the reason may well be the fast approaching 2019 elections and the government would not want a dissatisfied public on hand.
Sat, Jun 09, 2018
For the Indian government, fuel is a major generator of revenue and that is why authorities have been reluctant to provide relief to consumers.
On Saturday, petrol prices were down in the range of 39 paisa to 42 paisa per litre in metro cities, as per data given by Indian Oil Corp.
Wed, Jun 06, 2018
The U.S. government has unofficially asked Saudi Arabia and some other OPEC producers to increase output, sources told Reuters on Tuesday. OPEC and Russia will meet on June 22/23 to decide whether to increase production following a fall in global inventories as world demand outstrips supply.
For the Indian government, fuel is a major generator of revenue and that is why authorities have been reluctant to provide relief to consumers.
The fuel price rise was an outcome of higher crude oil prices, and no relief in excise duty and Value Added Tax (VAT) which left limited room for OMCs.
Mon, Jun 04, 2018
You are paying nearly Rs 86 per litre and Rs 78 per litre in Mumbai and New Delhi respectively, while in Chennai and Kolkata you have to pay over Rs 80 per litre.
Sun, Jun 03, 2018
There was a time when diesel prices were stuck in the range of Rs 50 to Rs 60 per litre, but since the start of 2018, there is no stopping the rate hikes in this crucial product.
The state-owned Oil Companies have trimmed down the price of petrol for 5th consecutive day on Sunday. The price was brought down in the range of 9 paise to 10 paise per litre each in various state capitals of India.
Sat, Jun 02, 2018
It needs to be noted that for the Indian government, fuel is a major generator of revenue and that is why authorities have been reluctant to provide relief to consumers.
OMCs take into consideration the daily performance of international crude oil, government's excise duty and state's VAT for deriving final retail prices in India.
Wed, May 30, 2018
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