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Economists feel a prolonged conflict in West Asia could push crude oil prices beyond India’s comfort zone. | Photo Credit: Getty Images/iStockphoto The story so far: The Indian economy, measured in terms of the Gross Domestic Product (GDP) as well as Gross Value-Added (GVA), grew 7.8% between April and June (first quarter or Q1) this…
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Oil pump jack is seen in front of displayed Israeli flag in this illustration taken, October 8, 2023. | Photo Credit: Reuters A protracted Israel-Hamas conflict could spur oil prices beyond India’s comfort zone and even if the government holds retail fuel prices ahead of critical elections, wholesale prices may spike and a higher import…
The Israel-Hamas war is definitely a reason for concern, Ranjeet Mehta told NDTV New Delhi: The Israel-Hamas war is a reason for concern and will impact oil prices if the Middle East and Iran get involved, said PHD Chamber of Commerce & Industry’s (PHDCCI) Executive Director Ranjeet Mehta. Brent prices have gone up, Mr Mehta…
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Oil prices hit a 10-month high of nearly USD 90 per barrel New Delhi: Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year. For a nation that is more than 85 per cent dependent…
Read More “Oil Nears $90 For First Time In 2023, Fuel Price Unlikely To Change In India” »