Show Quick Read Key points generated by AI, verified by newsroom Government oil company Indian Oil Corporation has increased the price of premium petrol XP-95 by Rs 2 per liter. The company said, ‘In the last 20 days, crude oil prices have increased from $71 to $156 per barrel. Despite this, the prices of petrol…
The “shortage” of LPG in parts of India has already left people feeling fearful, leading to panic-buying and black-marketing in gas cylinders. This “consumer anxiety”, as described by Oil Minister Hardeep Singh Puri on Thursday, is now being capitalized on by scammers and cyber fraud. Several reports have emerged about people complaining of LPG fraud…
Petrol had held up better until last week, with Investec estimating marketing margins at ₹7 a litre. However, petrol forms a smaller share of OMCs’ volumes. Rising crude means petrol cracks are swinging violently, and with a lack of pricing levers at the pump to protect downside, the math is set to change. Petrol margins…
stock market today: The Indian stock market is likely to trade mixed on Wednesday, February 4, amid subdued global cues. While global sentiment remains weak, domestic markets continue to draw support from the announcement of the India–US trade deal, with investors keenly watching for further details of the agreement. Asian markets traded on a mixed…
