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Fuel prices likely to soften through dynamic pricing

Crude oil may fall to USD 50 by June 2026, CPI inflation seen below...

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Indian crude basket forecast at $51.85 by June 2026 Crude oil prices are expected to decline sharply, falling to around $50 per barrel by June...
The tax is revised every fortnight based on the average crude price of the preceding fortnight

Centre cuts windfall tax on crude oil

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ONGC, Oil India to get relief as Centre cuts windfall tax on crude oil to Rs.3,250 per tonne Centre reduced the windfall tax on petroleum...
Indian Naval Destroyer INS Kochi responded to a maritime security incident after an attack on a merchant vessel by Houthis

Indian Navy assists Panama-flagged crude oil tanker after it comes under Houthi’s missile attack;...

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Indian Navy assists missile-hit Panama-flagged crude oil tanker in Red Sea The Indian Navy swiftly assisted a Panama-flagged crude oil tanker with 30 crew (including...
Windfall tax on aviation turbine fuel has also been cut which is expected to benefit the downstream oil refiners that export petroleum products

Centre cuts windfall tax on crude oil; ONGC, OIL to gain

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Govt slashes windfall tax on domestic crude oil from Rs.12,100/ tn to Rs.9,050/ tn The Central government has reduced the windfall tax on domestic crude...
The discoveries named

ONGC discovers crude oil and natural gas in 2 blocks in Mumbai offshore

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ONGC strikes gold with two oil and gas discoveries in the Arabian Sea State-owned Oil and Natural Gas Corporation (ONGC) said in a statement that...
Crude oil pumped out of the ground and from below the seabed is refined and converted into fuels like petrol, diesel and jet fuel

Govt slashes windfall tax on domestically produced crude oil and export of diesel, jet...

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Windfall profit tax on crude oil is the second lowest since the new levy was introduced in July 2022 According to an order, the government...
Use of flex-fuel vehicles is currently a Rs 7.5 lakh crore industry and is expected to reach Rs 15 lakh crore in the next five years

India needs to promote flex-fuel vehicles, e-vehicles to tackle crude oil fluctuations: Gadkari

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Nitin Gadkari suggests India needs to promote flex-fule and electric vehicles Union Road, Transport and Highways Minister Nitin Gadkari has said that the country needs...
The decision came after the fifth fortnightly review of windfall taxes conducted by the Centre

Government reduces tax on domestically-produced crude oil

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Oil slips to six-month low The government on Friday cut the windfall tax levied on locally- produced crude oil from Rs.13,300 per tonne to Rs.10,500...
The one and the only real reason why prices go up on a secular basis are that governments live beyond their means and they use the central banks to monetize their deficits

Crude oil @ $100/ barrel and Murder on the Orient Express

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No moral dimensions are involved in explaining oil prices but there are powerful economic blind spots at work In the Agathe Christie fable of Murder...
Heightened tensions between Russia-Ukraine accelerated gold and crude oil prices on Monday

Amid Russia-Ukraine crisis gold, crude oil prices accelerate

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Russia-Ukraine crisis boosts gold, crude oil prices Amid the escalated tensions between Russia-Ukraine, the prices for gold and crude oil saw an accelerated rise on...

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