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Petrol, Diesel Prices Left Unchanged As Crude Oil Price Softens Overseas

On Wednesday, both petrol and diesel remained steady in price for the third-straight day. Price of both the auto fuels in the domestic market is determined on the basis of international crude oil prices and the rupee-dollar foreign exchange rate. Oil ...

Sensex Slumps 500 Points On Rising Oil Prices; IT Stocks Gain

Indian stock market indices in the afternoon trade were dragged sharply lower on oil woes. Also, banking stocks led the decline. Brent, global oil benchmark, surged to a near 6-month high of $74.31 per barrel after reports, citing sources, suggested that ...

OMCs Trade Lower After Oil Rises To Near 6-Month High

Oil Marketing Companies in intra-day trade on Monday were under pressure after crude hit a near 6-month high after a news report suggested that the US President Donald Trump is expected to solicit all importers of oil from Iran to terminate ...

Moody's Says Oil PSU Profits To Hurt If Govt Stops Price Revision During Polls

On Tuesday, Moody's Investors Service said that the profits of state-owned oil refiners like Indian Oil Corporation Limited (IOC) could take a hit if the government asks them to temporarily pause the daily revision of petrol and diesel prices ahead of ...

OMCs Rise After Crude Falls On Recession Concerns

In trade on Monday, the shares of oil marketing companies (OMCs) namely HPCL, IOC and BPCL rallied after oil dropped as recession concerns in the US again loomed. At 10:20 am, the brent crude was priced at $66.33 per barrel down ...

OMC Stocks Decline Over 2% After Crude Oil Prices Surge

In Wednesday's trading session, shares of oil-marketing companies including Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) declined as the price of crude oil surged more than 1% to nearly $63/ barrel in the last session. Brent crude ...

Petrol Now Selling At Its Lowest Price In 2018; Priced Rs. 69.26/l In Delhi

Given the continuous softening in global crude oil price, the OMCs have again cut petrol and diesel rates. Across the four metros, prices have been brought down by nearly 30 paise. In the national capital Delhi, petrol is available for Rs. ...

Petrol and Diesel Prices May Again Rise: Here's Why?

For last two months in view of the international oil landscape and recovering rupee-dollar rate, auto fuel rates have been going down. As per the IOC website, ahead of the state assembly outcome in 5 states, petrol and diesel prices have ...

OMCs Gain On Crude Oil Price Fall To Levels Of $77/Barrel

OMC stocks in Wednesday's trade opened with a 4-5% gap up as brent crude oil price lowered below $ 77 per barrel. It is a 2- month low and as per experts the downward trend may continue. In yesterday's trade, ...

PSU Oil Refiners Gain On Dip In Crude Oil Pricel; Defy Market Carnage

Even as Indian benchmark indices staged recovery post sharp losses triggered due to global sell-off, oil refining companies and Yes bank surged the most in intra-day trade on Thursday. The gains in PSU oil-refiners by as much as 20% are ...

Petrol, Diesel Gets Cheaper By Rs. 5/Litre In These States

At a time when there is uncertanity in the international crude oil market and brent crude has hit a price of $86 per barrel, government of India in a bid to provide relief to consumers has cut excise duty on both ...

Petrol, Diesel Rates Increase For Third Straight Day

For the third consecutive day, on ailing rupee and rising crude oil price, oil marketing companies or OMCs have revised fuel rates higher which have now been de-regulated since long ago. The rates since June 15, 2017 are revised on a ...

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