The U.S.-led coalition in Syria said on Tuesday it had disrupted Islamic State’s funding by killing the man who ran its oil and gas network and other members of the group last month.
Finance minister Arun Jaitley is quite right to dismiss the chorus for a cut in central excise duties on petrol/diesel and to characterise this as a “trap” designed to “push India into an unmanageable debt.
Salvage company personnel were on Tuesday able to access the cargo ship and inspect it for the first time since it caught fire last Wednesday night.
A lot of data on the health of India’s external sector was released in the week gone by, much of which revealed cautionary trends.
Russia plans to propose increasing oil production by the OPEC+ deal members by 1.5 million barrels per day (bpd), the Energy Minister Alexander Novak told reporters, days ahead his visit to Vienna for the related summit.
Union Minister Piyush Goyal said Tuesday that oil bonds issued by the previous UPA government are being serviced currently by the National Democratic Alliance (NDA) regime.
After four days of pause Petrol prices were reduced today, while Diesel prices kept unchanged. Retail price for petrol in Delhi was 76.35 a litre, 8 paise down, according to rates available on Indian Oil’s website.
In a fortnight, the petrol prices have dipped by Rs 2.16 per litre. On Tuesday, petrol prices came down by 8 paise a litre. Diesel, on the other hand, remained unchanged for seventh day in a row.
Petrol prices were marginally lowered on Tuesday, adding to the downward movement in fuel rates so far this month. Diesel prices were, however, kept steady.
The big event to watch this week, apart from the football World Cup, is the Opec (Organization of the Petroleum Exporting Countries) meeting in Vienna on Friday.