Oil Price Hike
Vegetable prices rise up to 200%; trade blame crop damage and fuel price
The most significant rise has been registered in the price of tomato
 "Vegetable prices rise up to 200%; trade blame crop damage and fuel price")
Delhi Cong chief, workers detained during protest against fuel price hike
Delhi Congress leaders on Monday staged a protest across the city against hike in fuel prices, raising slogans against the BJP-led central govt and the AAP-led Delhi govt
 "Delhi Cong chief, workers detained during protest against fuel price hike")
Fuel prices: After 22 hikes, petrol now costs Rs 80.43, diesel Rs 80.53
Petrol price in the national capital was increased for the 22nd day by 5 paise to Rs 80.43 and diesel price by 13 paise to Rs 80.53.
 "Fuel prices: After 22 hikes, petrol now costs Rs 80.43, diesel Rs 80.53")
Oil companies pause after hiking petrol, diesel prices for 21 days straight
On June 27, price of petrol was increased by Rs 0.25 per litre while that of diesel by Rs 0.21 per litre. Rates differ from state to state, depending on value-added tax (VAT)
 "Oil companies pause after hiking petrol, diesel prices for 21 days straight")
Case filed against Digvijaya Singh after cycle protest over fuel price hike
The BJP-led state government earlier this month raised the cess on petrol and diesel by Rs 1 to make up for the decline in revenue collection due to Covid-19 outbreak
 "Case filed against Digvijaya Singh after cycle protest over fuel price hike")
In 13 hikes, petrol price raised by Rs 7.11 per litre and diesel by Rs 7.67
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT
OMC earnings to take 10-27% hit as govt raises duties, bars fuel price hike
Marketing margins to be squeezed by 64%; companies did not pass on the benefits of lower global petroleum prices to consumers
 "OMC earnings to take 10-27% hit as govt raises duties, bars fuel price hike")
Oil prices jump 8% on stimulus hopes, spending cuts by US producers
US shale producers, including Occidental Petroleum Corp , deepened spending cuts that could reduce production
 "Oil prices jump 8% on stimulus hopes, spending cuts by US producers")
Easing US-China tensions, OPEC's production cut may lift crude oil prices
The prolonged trade dispute has dampened oil demand and weighed on prices
 "Easing US-China tensions, OPEC's production cut may lift crude oil prices")
Oil prices rise to $60.65 a barrel after reports of Iranian tanker attack
Brent crude futures LCOc1 gained $1.31, or 2.2%, to $60.41 a barrel by 11:27 a.m. EDT (1527 GMT), after earlier reaching a session high of $60.65 a barrel
 "Oil prices rise to $60.65 a barrel after reports of Iranian tanker attack")
Petrol nears Rs 74 a litre in national capital, govt denies supply crunch
It may be noted that oil prices surged more than 15 per cent to their highest level in nearly four months after an attack on Saudi Arabia's oil facilities
 "Petrol nears Rs 74 a litre in national capital, govt denies supply crunch")
Oil-linked stocks slip as crude prices surge after Saudi oil disruption
West Texas Intermediate jumped 10.68 per cent to $60.71 and Brent climbed 11.77 per cent to $67.31 in early Asia trading
 "Oil-linked stocks slip as crude prices surge after Saudi oil disruption")
Production at Aramco cut by half after drone attack; oil prices up by 10%
Brent soared almost 20 per cent at one point on Monday, while WTI surged around 15 per cent before paring the gains
 "Production at Aramco cut by half after drone attack; oil prices up by 10%")
States likely to reap a Rs 200-bn windfall, courtesy rising oil prices
However, immediate gain unlikely due to reduced petrol and diesel sales in monsoon months
 "States likely to reap a Rs 200-bn windfall, courtesy rising oil prices")
