To contain the rise in jet fuel prices and its cascading impact on air ticket prices, Civil Aviation Ministry will urge the Finance Ministry to bring the particular fuel type under the ambit of GST.
Prime Minister Narendra Modi’s loss of control of Karnataka will put pressure on his party to ramp up spending to woo more rural voters, pushing back plans to rein in one of Asia’s largest budget deficits.
With petrol and diesel prices across the country having skyrocketed to historic highs, Sanjiv Singh, Chairman of the largest fuel retailer Indian Oil Corp (IOC) today faced a barrage of tough questions from the media during a press conference on the company’s fourth quarter results.
Indian Oil Corporation (IOC), the nation’s largest fuel retailer, today announced a 40 per cent jump in net profit for the quarter ended March 2018 at Rs 5,218 crore on a standalone basis as compared to Rs 3,720 crore reported for the same quarter previous fiscal.
Serica Energy is still awaiting clarity on the impact of the renewal of U.S. sanctions on fields in the North Sea half-owned by a UK subsidiary of the National Iranian Oil Company and has put off the recompletion of one well as it waits for the result of U.S. approval applications, it said on Tuesday.
Deutsche Bank strategists downgraded European energy to “underweight” from “benchmark” on Tuesday, recommending investors sell the sector they see as over-valued, arguing it is likely to fall back after strong year-to-date gains in crude prices sent it surging.
Australia’s Santos said on Tuesday it terminated discussions with Harbour Energy and rejected the U.S.-based firm’s final takeover offer of $10.8 billion.
For diesel and petrol, it’s a record a day every day now. On Saturday, petrol touched the all-time high price since 2013. On Sunday, it beat its previous day’s record. On Monday, it created a new all time high record in Delhi and Mumbai by touching Rs 76.57 and Rs 84.40, respectively.
As the prices of petrol and diesel continued to soar high on Tuesday, the public requested the government to reduce the price as it’s affecting their budget.
China’s most-active thermal coal futures on the Zhengzhou Commodity Exchange fell 1.87 percent on Monday, the biggest drop since Oct. 10