BENGALURU (Reuters) - India's retail inflation rose for the sixth straight month in July - the longest stretch of monthly increases since January 2016 - to a nine-month high, largely due to a continued rise in food prices, a Reuters poll predicted.
In almost a repeat of the 2014 elections, BJP and its allies have won 353 of the 543 seats in the Lok Sabha
Moody's expects India's state-owned oil companies will continue to pay high dividends in the next financial year
In New Delhi, petrol is being sold 17 paise higher at Rs. 70.72/litre, and diesel at Rs. 65.16/litre after a 19 paise hike
The rise in prices come amidst revision of global crude oil prices owing to a possible stifling of supply in the near future
In the last week of 2018, the fuel prices witnessed a dip in its prices by plummeting to its lowest
In the national capital, petrol and diesel are being sold at Rs 69.26 and Rs 63.10 per litre, respectively
On December 31, diesel and petrol prices reached their lowest level of 2018
This is the second straight monthly reduction in rates and the biggest single cut ever
An increase of a dollar in oil prices on a permanent basis would increase the country's import bill by roughly $1.6 billion per annum
One wonders why the govt continues to allow an opaque pricing structure and does not look at taking advantage of reduced crude oil prices to shore up its finances
Petrol prices in Delhi on Tuesday stood at Rs 71.72 a litre as compared to Rs 71.15 in Ghaziabad and Rs 71.28 in Noida
Brent Crude futures were trading below the $60 per barrel mark on Friday and closed at $59.46
State-owned Indian Oil Corp Thursday said petrol price has been cut by Rs 9.6per litre and diesel by Rs 7.56 in the past six weeks in step with the reduction in international oil rates
Petrol prices declined to Rs 78.80 (a fall of 32 paise) per litre in Mumbai
In a Q&A, the executive director of JPMorgan Chase Bank says sluggish GDP growth and low-cost non-Opec supply should cap oil prices in the absence of any large-scale geopolitical disruption
Brent crude, the global benchmark, was up 53 cents at $60.74 a barrel at 0919 GMT and traded as high as $61.27
Diesel rates were cut by 40 paisa to Rs 68.89 a litre
Petrol prices declined to Rs 79.12 (decrease by 50 paise) per litre in Mumbai
It is almost as if the oil market is waiting for a catalyst to trigger a rebound