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07:50 Explained: What impacts petroleum prices



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  • Indian LPG, kerosene cheapest in subcontinent

    16 June, 2018 5:22 PM 35

    Petrol cheapest in Pakistan, diesel charged the lowest in Sri Lanka, according to data by PPAC Even as petrol and diesel prices in the country shoot up and decline in tune international crude prices, Indian consumers may take some solace from comparisons of prices of cooking gas and kerosene in India with its neighbours. Prices in the country for these

  • Sheila Dikshit terms Arvind Kejriwal's protest as an 'excuse to not work'

    16 June, 2018 4:59 PM 38

    Chief Minister Kejriwal along with his three ministers - Manish Sisodia, Satyendar Jain and Gopal Rai parked themselves at the Lieutenant Governor – Anil Baijal’s home from last five days and are sitting on a 'dharna'. New Delhi which is wrapped in a thick blanket of haze and dust is also bearing the protest by Aam Aadmi Party leader and Delhi Chief

  • Huawei India shuts product assembling operations in Chennai

    16 June, 2018 3:37 PM 39

    Last year, the company had posted a revenue of $1.2 billion out of which around $250 million was accounted for devices business. Owing to a huge drop in demand for its equipment and services due to rapid consolidation in the Indian telecom market, Huawei India had shut assembly of products at its Chennai plant. As India gets digitally advanced with more and more global

  • Manohar Parrikar reviews ongoing infrastructure works in Goa

    16 June, 2018 1:41 PM 36

    Goa Chief Minister Manohar Parrikar, who returned from the US two days ago, reviewed today the progress of the ongoing infrastructure works in the state. Parrikar (62) returned to Goa on Thursday evening after spending three months in the US, where he underwent treatment for a pancreatic ailment. He held a detailed meeting with officials of the Public

  • TNPL board gives nod to take up plant expansion at Rs 2,520 crore

    16 June, 2018 11:54 AM 36

    The board of State government owned-Tamil Nadu Newsprint and Papers Ltd (TNPL) has given its approval for taking up mill expansion plan at Tiruchirapalli unit at a total investment of Rs 2,520 crore. "The Board has accorded approval for the implementation of its Mill Expansion Plan at Unit II in a phased manner with pulp mill capacity of 400 TPD and 1,65,000 MT of printing

  • Violence breaks out in MP's Shajapur; prohibitory orders clamped

    16 June, 2018 11:45 AM 38

    According to eye-witnesses, the trouble started this afternoon when some people started hurling stones on the procession which was passing through the Nai Sadak area. Violence broke out in Madhya Pradesh's Shajapur apparently after stones were pelted on a procession being carried out on Maharana Pratap Jayanti today, police said. "Police resorted to lathicharge

  • Over 3,600 flood-hit people rescued from Tripura, Assam: NDRF

    15 June, 2018 5:15 PM 40

    NDRF rescued over 3,600 people from flooded regions of Tripura. In Assam, 235 people were rescued. Over 3,600 people have been rescued from the flood-affected regions of Tripura and Assam, the NDRF said today. Ten teams of the central relief and rescue force, comprising about 450 personnel, have been deployed to tackle the flood situation in Tripura

  • CSCs in 2.5 lakh gram panchayats by year-end: IT Min

    15 June, 2018 5:00 PM 32

    IT Minister Ravi Shankar Prasad said The network of Common Service Centres (CSCs) will be expanded to 2.5 lakh gram panchayats by the end of this year. Prime Minister Modi had said that the Digital India initiative is a war against touts and middlemen, helping check blackmoney and black marketing The network of Common Service Centres (CSCs) will be expanded

  • Majority of Indians in lowest wealth group: BCG

    15 June, 2018 4:57 PM 34

    ‘Those with less than $1 lakh net worth hold 55% of wealth’ A new report shows that 55% of the total wealth in the country is with those having less than $1,00,000 net worth. In contrast, only 18% of the global wealth is with those in this category. The Boston Consulting Group’s (BCG’s) Global Wealth Report 2018 also shows that those with more than $1 billion

  • US industrial output dips in May as manufacturing declines

    15 June, 2018 4:52 PM 30

    US industrial production fell slightly in May amid a sharp drop in manufacturing output, the Federal Reserve said on Friday. Overall industrial output fell 0.1 percent last month after an upwardly revised 0.9 percent increase in April. Economists polled by Reuters had forecast industrial production rising 0.2 percent. The US central bank's measure of the industrial