Oil marketing companies (OMCs), facing financial pressure due to the West Asia crisis, increased the price of petrol and diesel by Rs 3 per liter three days ago. Given the pressure from OMCs, speculation is rife that retail prices of petrol and diesel will rise further. Consequently, many political parties...
A sharp escalation in the Israel-Iran conflict has pushed Brent crude oil prices up by 15–16% since May, stoking fresh concerns over inflationary pressures in India. However, analysts remain cautiously optimistic, citing an oversupplied global oil market and Saudi Arabia’s ample spare capacity as stabilising factors. While the Reserve Bank...
Crude oil prices are expected to average US$ 65–US$ 70 per barrel in 2025, potentially falling to US$ 60 in 2026 due to weak global demand and rising supply. For India, which imports over 80% of its crude oil, lower prices ease inflation and reduce import costs, benefiting sectors like...
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