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Petrol, diesel prices to be cut soon? What Oil Secretary said on likely decision

State-run fuel companies may soon cut petrol and diesel prices if global oil prices remain low, according to Oil Secretary Pankaj Jain.

Oil Secretary Pankaj Jain indicated that petrol and diesel prices could be lowered if global crude rates stay low. With Brent crude recently dropping below $70 per barrel, state-run fuel companies are considering reducing prices to align with favorable market conditions.
Updated on Sep 13, 2024 08:21 AM IST
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Sensex, Nifty rise on rally in global markets, foreign fund inflows

Key gainers included Power Grid and Bharti Airtel, while Bajaj Finserv lagged. Foreign investors bought equities worth ₹1,176.55 crore amid dip in oil prices.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Updated on Sep 10, 2024 10:06 AM IST
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Oil regains ground on political uncertainty in US, Mideast

GLOBAL-OIL:Oil regains ground on political uncertainty in US, Mideast

Oil regains ground on political uncertainty in US, Mideast
Updated on Jul 15, 2024 10:05 AM IST
Reuters |

Will crude oil prices skyrocket? Analysts weigh in after Iran’s attack

How will Iran attack on Israel impact crude prices? Traders expectating the conflict would remain contained.

A Mobil gas station in Los Angeles, California, US, on Tuesday, April 2, 2024. US crude futures hit $85 a barrel in New York for the first time since October, as OPEC+ supply cuts underpin a steadily strengthening market. (Bloomberg)
Published on Apr 15, 2024 09:26 AM IST
Bloomberg |

Markets fall after 5-day rally on weak trends from Asian peers, profit-taking in IT stocks

Markets fall after 5-day rally on weak trends from Asian peers, profit-taking in IT stocks

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Updated on Jan 16, 2024 10:09 AM IST
PTI |
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