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Latest Articles in crude oil

Centre Raises Taxes On Export Of ATF, Diesel And Petrol; Windfall Tax On Domestic Crude Oil

It has imposed Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel

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Government Considering Reform Proposal For Domestically Produced Oil

The proposal is expected to ease the regulation for domestically produced oil and if accepted, it will allow crude oil producing companies to sell crude oil in the open market

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India's Consideration For Crude Oil Purchases Very Well Understood: Kwatra

The foreign secretary said India's consideration for crude oil purchases has been very well understood by the global community

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Rupee Rises 12 Paise To 77.93 Against Dollar As Crude Oil Prices Ease

At the interbank foreign exchange, the rupee opened strong at 77.98 against the US dollar, then inched higher to quote 77.93, registering a rise of 12 paise over the last close

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India's Crude Oil Imports Rise In March On Demand Recovery

India's fuel demand had scaled a three-year peak in March, with petrol sales hitting an all-time high, as demand rose and the market built up supplies ahead of expected price increases

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India Ends FY22 With 2.6% Drop In Oil Production

India's crude oil production has been on a decline during the past few years. From 35.7 million tonnes in 2017-18, it fell to 34.2 million tonnes in the following year and 32.2 in 2019-20 and 30.5 million tonnes in 2020-21

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Equity Benchmarks Recover Sharply After Initial Slump

The 30-share pack Sensex climbed 696.81 points or 1.22 per cent to close at 57,989.30. Its broader peer NSE Nifty rose 197.90 points or 1.16 per cent to 17,315.50

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Reliance Industries May Avoid Russian Fuel After Western Sanctions

Reliance buys Urals crude and straight run fuel oil for its refineries from Russia. The private refiner mostly buys its petrochemical feedstock from the Middle East and the United States

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The Party On D-street Continues Even As Fed Hikes Interest Rates; Here’s Why

The 30-share pack Sensex rose 1,047 points or 1.84 per cent to end at a one-week high of 57,864. Its broader peer NSE Nifty50 also jumped 312 points or 1.84 per cent to close at 17,287

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Govt To Take All Measures To Provide Relief To Consumers From High Fuel Prices: Puri

Puri was responding to senior Congress leader Anand Sharma, who said it was agreed upon by the government and the opposition that petroleum products will be eventually brought under GST at the time of its introduction, and sought to know the progress been made in this regard

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India Considering Buying Discounted Russian Oil, Commodities: Officials

India, which imports 80 per cent of its oil needs, usually buys about 2 per cent to 3 per cent of its supplies from Russia. But with oil prices up 40 per cent so far this year, the government is looking at increasing this if it can help reduce its rising energy bill

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Oil Hits Seven-Year Highs Amid Frigid US Weather And Geopolitical Tensions Among Major Oil Producers

Crude prices, which have already rallied about 20 per cent so far this year, are likely to surpass $100 per barrel due to strong global demand, market strategists said this week

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India To Release 5 Mn Barrels Of Crude Oil From Strategic Reserves To Cool Prices

India stores about 38 million barrels of crude oil in underground caverns at three locations on the east and west coast.

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India's Core Industries Grew 4.4% In Sept 2021

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

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Core Sectors' Output Slows To 4.4% In September

Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40% of industrial output, rose by 16.6% year on year over the April-September period, the data showed.

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