Even with the Government refraining from increasing domestic prices of petroleum products due to political considerations, the Planning Commission has made a case for passing them on to the consumers. According to the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, it was not a good idea to check inflation by keeping prices of petroleum products low.
Canadian Natural Resources said Tuesday it is cutting its oil and natural gas capital spending, pinning the bulk of the reduction on Alberta's new royalties on energy. The Calgary company said...
The U.S. dollar is again the focus of concern in the markets - it's hit record lows against the euro with growing worries about the state of the U.S. economy. Nonetheless European shares rose in...
Swiss-based UBS back in the bad books on Tuesday as sub prime problems continue to ripple through its operations. The bank said it was axing 5,500 jobs and selling billions of dollars of assets to...
The impact of the increasing global oil price got more influenced. The price of several industrial processed basic stuffs began to increase to 25 percent. This is because the price of fuel oil for...
Asia stocks gained on Monday with investors piling back into the financial sector after a smaller than expected loss at U.S. giant Citigroup late last week. Major banks such as Hong Kong's HSBC...
New Delhi, June 4(ANI): The long debated issue of a hike in fuel prices has come to an end. The government has finally announced the inevitable hike on Wednesday. (Gfx in) Petrol prices have been...
09/16/08 Oil prices continue to take a hit this week as this session saw crude oil prices trade below $92 per barrel during the NYMEX floor trade session.
Even with the Government refraining from increasing domestic prices of petroleum products due to political considerations, the Planning Commission on December 4th made a case for passing them on to...
10/01/08 An increase in both gas and oil supplies last week according to the EIA's inventory data report allowed crude oil prices to continue to its slide during the NYMEX floor trading session.
Commuters had an unpleasant surprise Wednesday morning as prices at the gas pumps spiked as high as $1.20 a litre in response to high oil prices. Gas prices soared on average to $1.10 a litre...
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