Energy Strain
The escalation in American sanctions on Russian oil producers and vessels presents a significant challenge for India’s energy landscape.
The escalation in American sanctions on Russian oil producers and vessels presents a significant challenge for India’s energy landscape.
Crude oil deliveries from Russia's Druzhba pipeline to the Czech Republic resumed on Friday after two days of interruption, according to Czech refiner Orlen Unipetrol.
As we move into the second half of the fiscal year, the Reserve Bank of India’s (RBI) forecast of a 4.5 per cent average inflation rate brings some optimism.
Iraq exported about 108.053 million barrels of crude oil in July, the country's Oil Ministry announced Thursday.
The global oil market has become a battleground of sanctions and strategic manoeuvres.
Diesel, on the other hand, was at Rs 87.96 in Mumbai, Rs 85.88 in Chennai and Rs 83.75 per litre in Kolkata.
This latest fall comes after a massive wave of Covid-19 infections continued to impact large parts of Europe.
India has been hit hard by soaring oil prices and urged producers to ease the output cut to back the global economy to recover.
Earlier this week, Pradhan had said India, where fuel demand is recovering to pre-pandemic levels, wants reasonable and responsible oil prices.
In the last seven days, the price has gone up by Rs 2.36 per litre for petrol while diesel rate has risen by Rs 2.91 a litre.
