Why dipping oil price may not mean cheaper fuel
2 years ago

Why dipping oil price may not mean cheaper fuel

Live Mint  

New Delhi: Oil prices that shot up after Russia invaded Ukraine in March plunged as low as $76.1 early December, bringing cheer for the economy. Crude oil prices which touched rock-bottom when the covid pandemic broke out in 2020 have gained steadily since then, as the world made progress in the battle against the coronavirus. With the global economy slowing down, crude oil prices fell as low as $76.1 in the first week of December. View Full Image Mint What is behind the falling trend in crude oil prices?

History of this topic

Oil prices up in thin pre-Christmas trade
Trending News
1 day, 13 hours ago
Oil prices ease on surplus concerns, dollar strength
2 days, 6 hours ago
India’s crude oil imports from Russia drop 55% in November, lowest since June 2022
1 week, 3 days ago
Oil sheds 5% in five days on subdued China demand, slow pace of US Fed rate cuts; Brent sits 2% lower to $71
1 month, 1 week ago
Oil crashes over 2% on disappointing China stimulus; Brent drops below $73
1 month, 1 week ago
Oil gains 1% in five days on US elections, Fed rate cut; Brent sits 2% lower to $73 dragged by subdued China stimulus
1 month, 2 weeks ago
Crude oil prices plummet 2.5% on strong US dollar; Brent slips below $74
1 month, 2 weeks ago
Oil hits one-week high on weak dollar ahead of US election results; Brent nears $76/bbl, WTI extends five-day streak
1 month, 2 weeks ago
Fuel Prices In Delhi, October 16: Remain Stable With Petrol At Rs 94.72 & Diesel Priced At Rs 87.62
2 months, 1 week ago
India’s petroleum exports plunge in first five months of FY25 on lower demand, supply disruption
3 months ago
Govt may cut petrol and diesel prices if global prices remain low: Petroleum Secretary
3 months, 1 week ago
Oil sheds China demand worries, gains 1% on weaker US dollar & drop in stockpiles; Brent nears $85/bbl
5 months, 1 week ago
Oil prices rise on OPEC production cuts, summer consumption hopes; Brent rises 0.81% to $85.69 per barrel
5 months, 3 weeks ago
Karnataka hikes petrol and diesel prices by ₹3 per litre. Check new rate, other details
6 months, 1 week ago
India's crude oil imports soar 7% YoY in April, net oil & gas import bill hits $12.3 billion-mark: PPAC
7 months ago
India cuts windfall tax on petroleum crude to ₹5,700 per metric ton from today
7 months, 1 week ago
Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What’s cooling down the commodity?
7 months, 3 weeks ago
India saved USD 13 billion by importing discounted Russian crude
7 months, 3 weeks ago
India's crude oil consumption up 4.6% in FY24, output rises marginally at 0.6%, imports steady: PPAC
8 months ago
India's crude oil import bill drops 16% in FY24, import dependence soars to 87%
8 months, 1 week ago
Oil prices decline as risk premium eases following Iran attack; brent crude at $89.64/bbl
8 months, 1 week ago
ONGC share price rises 5% as Jefferies expects more than 40% upside-4 key reasons why
8 months, 1 week ago
Oil prices subdued, energy security concerns escalate on West Asia tensions
8 months, 1 week ago
Gas price for Reliance trimmed to $9.87; rate for gas that feeds CNG, PNG supplies still at $6.5
8 months, 3 weeks ago
Oil rises over $1 on tighter supply, stays on track for 3rd monthly gain ahead of OPEC decision; Brent hits $87
8 months, 3 weeks ago
Oil prices drop on weaker US fuel demand, Gaza ceasefire report; Brent rebounds to $85/bbl
9 months ago
India's crude oil output rises 7.9% to 2.3 MMT in February, imports decline 6.6% YoY: PPAC
9 months ago
Oil rally cools off as prices slip 2% ahead of US Federal Reserve verdict; Brent down to $85.9/bbl
9 months ago
Oil prices slip amid interest rate outlook; Brent crude at $81.42/bbl
9 months, 4 weeks ago
India's crude oil output up 0.7% to 2.5 MMT in January, imports rise 5.7% YoY: PPAC
10 months ago
Petroleum exports drop sharply as West tightens squeeze on Russia
10 months ago
India oil product demand up 8.2% in January, says report
10 months, 1 week ago
Crude oil price dips 38 percent but benefit not passed on to consumers: Congress
10 months, 2 weeks ago
Oil prices extend over 1% drop ahead of US Fed policy verdict; Brent at $81
10 months, 3 weeks ago
India's crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC
11 months ago
Crude oil prices falling but no relief to public: Kharge slams Centre
11 months, 3 weeks ago
India's crude oil output down 0.4% to 2.4 MMT in November, imports decrease 2.3% YoY: PPAC
1 year ago
Oil drops 2.5% on demand worries after rise in US gasoline inventories; Brent crashes to $75/bbl
1 year ago
Oil ticks higher from 5-month low after Russia hints at deepening OPEC+ cuts
1 year ago
India's crude oil output up 1.3% to 2.5 MMT in October, imports rise after four months of declines: PPAC
1 year, 1 month ago
Oil prices slump 4% after OPEC+ postpones output policy meeting to November 30; Brent drops to $79/bbl
1 year, 1 month ago
Petrol and diesel prices on November 20: What are the rates in your city today?
1 year, 1 month ago
From $89 to near $100 and back: How Brent crude moved since last Diwali over OPEC+ cuts & more
1 year, 1 month ago
Oil headed for third weekly decline on global demand concerns; Brent ticks higher to $81/bbl
1 year, 1 month ago
Oil ticks higher; concerns remain over demand, interest rate hikes
1 year, 1 month ago
Domestic crude oil production at 2.4 MMT in September, imports rise 6.1% YoY: PPAC
1 year, 2 months ago
Oil prices jump 2% on supply worries after large US stock drawdown
1 year, 2 months ago
Investors flee shares on widening war fear
1 year, 2 months ago
Israel-Hamas Conflict Sparks Concerns of Oil Price Surge: Impact on India’s Economy Explored
1 year, 2 months ago
Oil prices soar on Israel-Hamas conflict; India watching situation closely
1 year, 2 months ago

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