Rising oil prices add to global economic strife

Rising oil prices add to global economic strife

Escalating tension in the Middle East is driving up oil prices, a huge import cost for many economies, putting more strain on global growth already hurt by the trade war being waged by U.S. President Donald Trump and weakening consumer confidence.

Indian Oil Corporation in fuel switch drill

Indian Oil Corporation in fuel switch drill

Indian Oil plans to set up a diesel exhaust fluid plant in Bengal at an investment of around Rs 150 crore to support the introduction of Bharat Stage-VI compliant fuel from April 1, 2020. The investment is part of the company’s expansion plans in the state across businesses.

Fuel prices fall by Rs 16 to 17 p/l for second consecutive day on Friday

Fuel prices fall by Rs 16 to 17 p/l for second consecutive day on Friday

Fuel prices fell on Friday for the second consecutive day, as petrol slipped by 17 paise per litre and diesel by 16 p/l, across major cities of the country. In Delhi, petrol retailed at Rs 70.18 per litre, as against yesterday’s Rs 70.35, while diesel costs Rs 64.17, against Thursday’s 64.33 per litre.

Crude oil futures fall on global cues

Crude oil futures fall on global cues

Crude oil prices Friday fell 0.19 per cent to Rs 3,636 per barrel as speculators indulged in reducing holdings amid a weakening trend overseas. On the Multi Commodity Exchange, crude for delivery in June contracts fell by Rs 7

Why has India banned biofuel imports?

Why has India banned biofuel imports?

The Directorate General of Foreign Trade (DGFT), the government body responsible for regulation and promotion of foreign trade, last month declared bio-fuel as a restricted commodity, the import of which would require a license from DGFT.