High fuel prices not good for both oil producer, consumer countries: Indian Oil chief

Nov 03, 2021

New Delhi [India], November 3 : Stating that higher fuel prices are not good for both Oil producing and Oil consuming countries, Indian Oil...

Oil prices jump as EU aims for Russian oil ban

May 05, 2022

New York [US], May 5 (ANI/Xinhua): Oil prices rose sharply on Wednesday after the European Union (EU) unveiled a plan to phase out Russian...

Will end war "very quickly" as Iran wants to make deal "so badly": US President Trump says 'oil prices to plummet'

May 20, 2026

Speaking at a press conference, President Trump also said oil prices would decline sharply in the coming period. The US President further stated that...

Recent fuel price hike a form of belt tightening amid rise in crude prices: Experts

May 24, 2026

Senior executives from state-run oil companies ONGC and BPCL have said the recent increase in petrol and diesel prices reflect the impact of prolonged...

High crude prices may squeeze Indian OMCs as fuel marketing margins, LPG under-recoveries come under pressure: Equirus

Sep 11, 2026

Indian oil marketing companies (OMCs) could face mounting pressure on their margins and balance sheets if crude oil prices remain elevated and retail fuel...

Kotak warns of massive fuel under-recoveries despite recent Rs 3/litre price hike

May 19, 2026

State-run oil marketing companies (OMCs) may need to sharply raise petrol and diesel prices further if crude oil prices remain elevated amid continued disruptions...