Economic Survey 2023: Inflation to behave well in FY24, says CEA
CEA V. Anantha Nageswaran says if the global economy slows down, as IMF and others have projects, then commodity prices should retreat on monetary tightening
oil prices
January 2023
May 2022
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December 2021
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Brent crude hits a month low, but petrol, diesel prices remain steady
Brent crude oil price has fallen 9.2% in the last two days to $78.01 per barrel, the lowest level since December 12, 2022.
States have fiscal space to cut fuel by up to ₹5/litre: SBI
States gained ₹49,229 cr from VAT revenue on fuel when oil prices were increasing and they will forego only ₹15,021 cr after oil price has been downwardly adjusted through excise cut by the Centre.
Ukraine crisis: Govt will use oil reserves to curb volatility, says Fin Min
The government is committed to use the deploy strategic petroleum reserves to contain market volatility, says the finance ministry.
Russia-Ukraine war: Feb trade data grim alert for India as crude spikes
Though, Russia is a marginal trade partner with barely 1.4% of India's import and 0.9% of exports, spike in crude and commodity prices will elevate inflation and dent consumer demand.
Brent crude nears $140 as US weighs ban on oil imports from Russia
State-run oil marketing companies in India have yet to hike retail prices of petrol and diesel.
Oil at $90: Why it's an alarm bell for Indian economy?
The Brent crude price is now at around $90 a barrel while the Indian basket costs around $87.
Disruption in 2022! Crude oil to top $90; S&P to slip 5%: Morgan Stanley
The firm's strategists believe that S&P 500 index could decline 5% in 2022 while developed markets could end the year higher.
WPI shoots to 12.54% in Oct owing to food, crude oil, metals and chemicals
Highest increase in wholesale inflation since May; core inflation at an all-time high of 11.9% in October.
Oil at $83: Rising crude to spur green energy, kill oil!
Anything beyond $70 will kill the oil market, spur demand for alternative sources of energy, fuel demand for green energy: BPCL, HPCL.
