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Self-reliance in crude oil seems like a distant dream
India’s dependence on imported crude oil increased at a time when the price of crude oil was sky-high all over the world
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Windfall tax on domestic crude raised
Windfall tax raised again
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OMCs are making a killing courtesy Russia Ukraine war
The war between Russia and Ukraine has opened up huge opportunities for some companies in India
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60% of imported edible oil is palm oil due to high damand
About 60% of the imported edible oil is palm oil. Because India is a big consumer of palm oil.
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India may release crude oil from strategic reserves
US has requested all major oil-consuming nations to consider release for stockpiles to bring global energy prices
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Spike in crude oil prices: What does it mean for India?
Because of the spike in crude prices, India's petrol and diesel prices have reached all-time highs.
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Inflation apparition for RBI
While RBI has to maintain the recovery in the economy, inflation itself could dampen demand and impact the growth process.
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Rising oil and gas prices escalate inflation worries
Experts have also pointed out the inflationary effects of higher power cost in China and Europe
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Brent is set to breach $80-mark soon
The current global supply-demand deficit is larger than expected and global supply remaining short of our consensus forecasts, says Goldman Sachs
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Crude oil prices at 3-year high inflames inflation fears
Experts see demand for domestic fuel soaring to record levels on the back of revenge spend on business and leisure travel
