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Indian crude oil basket touches 10-year high; petrol, diesel prices unchanged

The 30-share BSE index ended 1,016.84 points or 1.84 per cent lower at 54,303.44. Similarly, the broader NSE Nifty plunged 276.30 points or 1.68 per cent to 16,201.80.

The Sensex crashed over 1,000 points while the Nifty slumped to the 16,200-level on Friday.

Price of Indian basket crude soared to $118.06 per barrel as on June 7 at an exchange rate of (Rs/$) of Rs 77.72

The Gulf nations are the chief source of energy imports for India, and some of its key trade partners. After a series of Islamic nations demanded an apology...

The already-elevated India's crude oil basket price is rising, with the average based on daily costs for June jumping to over $115 per barrel, compared to $109.51 in May and $102.97 in April.

Petrol, Diesel Prices Today: Fuel prices remained unchanged on May 31, 2022 for the tenth day across the four metros

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From cutting taxes on retail oil products to scouting around for attractive term crude deals, India is stepping up efforts to ensure that surging world prices do not stand in the way of the fragile economic recovery as well as a revival in domestic oil product consumption. Government officials in India said they believe that ...