Tag: crude oil
India buying cheap oil from russia and selling refined fuel to...
India increased its purchases of Russian crude oil in January from already historic levels in December.
Amazingly, despite Washington's pleas to the rest of the...
Petrol price remains unchanged, diesel rate cut by 5 paise
On Friday, petrol price remained unchanged while diesel rate was cut by 5 paise a litre as per the details released by the state-owned Indian Oil Corporation (IOCL).
Petrol, diesel prices cut for fifth consecutive day
Fuel prices dropped further for the fifth consecutuve day on Monday as international crude prices fell due to demand slump. The Price of petrol was cut by 13-16 paise a litre and that of diesel by 16-20 paise a litre across all major cities in India.
Rise in Price of Crude oil Affects trade, Economy and Stock...
India is the exclusive merchant of goods ($126 billion in 2017) and oil ($74.7 billion) is the most influential category among imports. India imports 86% of its yearly crude oil demand. Since the payments are done in US dollars, India’s debt will depend on crude rates as well as on the USD/INR exchange rates.
Economy suffered another setback, imports and exports fell in September
On Tuesday, two big news about the country's economy has given a big shock. The IMF has also released the import-export data of the country in September only after reducing the growth rate. According to this data, there was a decline of 13.8 percent in imports and 6.57 percent in exports.
