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India, the world’s third-largest crude importer, could be crushed if Russia retaliates to the West’s price cap by refusing to sell crude and fuels at the capped price
RIYADH: Oil prices fell on Tuesday as recession concerns and worsening COVID-19 outbreaks in China sparked fears of lower fuel demand, outweighing supply worries. Brent crude fell 31 cents, or 0.3 percent, to $97.61 a barrel by 0434 GMT, while US West Texas Intermediate crude fell 36 cents, or 0.4 percent, to $91.43 a barrel. Both benchmarks hit their highest since August on
As per data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry, India's fuel consumption rose 3.4% year-on-year in October to 18.37 million tonnes
Mumbai: MGL increases retail price of CNG and domestic PNG
Commission for Air Quality Management had earlier directed industries to switch to clean fuel