Petrol crosses Rs 80 in Mumbai. Check latest fuel rates here

Petrol crosses Rs 80 in Mumbai. Check latest fuel rates here

Fuel prices continued its upward trend on Friday with petrol at Rs 74.34 per litre in New Delhi and Rs 80 per litre in Mumbai. While the diesel price remained unchanged in New Delhi at Rs 67.14 a litre, it stood at Rs 70.55 per litre — increased by 11 paise.

Crude oil: Shock and oil

Crude oil: Shock and oil

The September 14 drone strikes by Yemen’s Houthi rebels on two of Saudi Aramco’s oil installations did not just interrupt global oil flows. They also led to a heightening of tensions in the region-with the US accusing Iran of being behind the attack-which could become a second reason for oil prices to spike.

How the US is realising India’s oil concerns

How the US is realising India’s oil concerns

Crude oil is a commodity that can change global and domestic politics and balance of power. After the United States imposed sanctions on Iran, India has ceased to import crude oil from the West Asian country from May this year.

UK, France Germany blame Iran for Saudi oil attacks

UK, France Germany blame Iran for Saudi oil attacks

Britain, France and Germany joined the United States on Monday in blaming Iran for attacks on key oil facilities in Saudi Arabia, but the Iranian foreign minister pointed to claims of responsibility by Yemeni rebels and said: “If Iran were behind this attack, nothing would have been left of this refinery.”

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