Modi invites global CEOs to explore oil, gas in India
Prime Minister Narendra Modi on Wednesday rolled out the red carpet for global oil and gas giants and invited them to come and explore for oil…
crude oil
The latest crude oil news, analysis and data from India and across Asia, reported by Energy Asia.
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Duty relief on fuel expected to brighten festive mood
Consumers could expect relief from the surging price of auto fuels this festive season as the government may opt for an excise duty cut on petrol…
Lanka IOC urges SL Government to hike fuel prices
The subsidiary of Indian Oil Corporation in Sri Lanka on Monday urged the government to approve a retail fuel price hike due to the prevailing situation…
Petrol, diesel prices rally to highest ever levels
Petrol and diesel prices on Friday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre.
Indian Oil defers maintenance shutdown at Haldia
Indian Oil Corp has deferred a maintenance shutdown at the 1,60,000 barrel-per-day (bpd) Haldia refinery by at least 15 days to mid-November to meet higher local…
Oil drives Indian rupee lowest since July 2020
Indian bond yields hit their highest levels in nearly 18 months while the rupee fell to its lowest level since July 2020 as the sharp rise…
Diesel hits ₹100 mark in Kerala, Karnataka
Diesel price on Monday breached the ₹100-a-litre mark in Kerala and Karnataka as fuel prices were hiked again to align domestic rates with firming international oil…
New petrol pumps to set up EV charging, CNG outlets
India's new liberalised petrol pump licensing norms allow setting up of EV charging stations and CNG outlets even before the start of petrol and diesel sales
Crude oil dips on weak spot demand
Crude oil prices on Thursday fell ₹154 to ₹5,662 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for the October…
Petrol, diesel prices rise even as global oil softens
Prices of auto fuels petrol and diesel rose sharply on Thursday even though global oil showed signs of softening with benchmark Brent crude falling to just…
Petrol, diesel prices rise sharply as global oil climb continues
Prices of auto fuels petrol and diesel rose sharply on Wednesday as global oil prices remained firm with benchmark crude again rising to cross the $82/barrel…
India left with few options as international oil prices surge
As the world's third-largest oil importer and consumer, India is running out of options as the relentless surge in international oil prices make it imperative to…
Oil companies moderate price hikes to cushion consumers
Petrol and diesel prices were hiked again on Sunday to send rates soaring to new record highs across the country but top government officials insisted oil…
Gas price may see surge upsetting CNG, PNG rates
After the crude oil surge, global gas prices are expected to soar this year, putting consumers in India at the risk of inflated CNG and PNG…
Petrol, diesel prices hike again as crude oil nears 3 year high
Petrol and diesel prices soared to new record highs across the country on Saturday after rates were hiked again by 25 paise and 30 paise a…
Diesel at record high, petrol nears all-time high after hike
Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively.
Rajasthan CM urges Centre to reduce various fuel taxes
Rajasthan Chief Minister Ashok Gehlot demanded the Centre reduce various types of taxes on fuel to give relief to common people from rising prices.
Petrol, diesel prices hiked as crude nears $80/barrel
Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices neared $80 per barrel mark for…
Diesel price up by 70 paise per litre in four days
Diesel price was hiked by 25 paise per litre, the third increase since last week and more rate hikes for both diesel and petrol are in…
Diesel price hiked consecutively for second day
Diesel price was hiked by 25 paise per litre, the third time rates have increased since last week, negating more than half of the price decline…
ONGC puts second well in KG block to production
Oil and Natural Gas Corp (ONGC), India's biggest oil and gas producer, has put a second well in its promising KG basin block into production, its…
Pilot plant to convert high ash coal to methanol developed
India has developed an indigenous technology to convert high ash Indian coal to methanol and established its first pilot plant in Hyderabad
Petrol, diesel prices set to rise as international oil rates surge
A surge in international oil prices may translate into an increase in the retail selling price of petrol and diesel in India as oil companies face…
Oman warns of $200 oil in a dig at IEA’s climate advice
Oil producer Oman warned that crude prices could soar to $200 a barrel as it criticised the International Energy Agency's ambitions of halting new fossil fuel…
OVL in talks to buy stake in Vostok, Arctic LNG-2 project
India's top energy companies including ONGC Videsh Ltd is discussing buying a stake in Russia's massive Vostok oil project as well as a planned liquefied gas…