crude oil prices in india

Impact of global oil price hike on India

International oil markets are in a tizzy as several rapid developments have pushed prices to levels last reached nearly a year ago. First, Russia and Saudi Arabia have extended voluntary production cuts till December while worldwide demand is rising. Second, export of gasoline and diesel from Russia has been stopped except to four former Soviet […]

Modi Govt Deregulates Domestic Crude Oil Sale

NEW DELHI: The Union Cabinet on Wednesday approved the deregulation of the sale of domestically-produced crude oil. The move is expected to boost government revenues and the profits of oil producers. The decision will come into effect from October 1, 2022. The decision will give more marketing freedom to Exploration and Production Operators, Union minister […]