Crude Oil Falls Below 80 Dollars, But Why Aren’t Petrol and Diesel Cheaper?
Crude oil prices have fallen below 80 dollars per barrel, but petrol and diesel prices in India are not reducing immediately.
Crude oil prices have fallen below 80 dollars per barrel, but petrol and diesel prices in India are not reducing immediately.
India-UK Free Trade Agreement will come into effect from July 15, significantly reducing tariffs on whisky, automobiles, cosmetics and other products.
Retail inflation rises for the fifth consecutive month while the government imposes restrictions on bulk purchase of petrol and diesel from retail pumps.
India is set to introduce 15% isobutanol blending in diesel. Union Minister Nitin Gadkari announced the move to reduce oil imports and support farmers.
RBI keeps repo rate unchanged at 5.25% but signals a major policy shift — the Indian Rupee is now at the centre of monetary policy decisions amid oil shock and currency pressure.