FUEL PRICE HIKE
Maruti Suzuki hikes prices of select models by up to 4.7%
The price change varies across models and ranges up to 4.7 per cent (ex-showroom Delhi) and are effective from January, 27 2020, MSI said in a statement. The price of entry level model Alto range has gone up in the range of Rs 9,000-6,000, S-Presso between Rs 1,500 to 8,000, WagonR between Rs 1,500 and Rs 4,000.
Excise duty hike in Budget will be negative for ITC: SBI Caps
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Fuel prices set to fall as virus scare may hit demand
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Oil rises, but potential impact of China virus on fuel demand haunts market
US West Texas Intermediate futures were up 27 cents, or 0.5 per cent higher at $55.86 a barrel.
Oil skids as spectre of China virus looms over fuel demand, economy
Brent crude futures were down 87 cents, or 1.4 per cent, to $62.34 a barrel by 0733 GMT.
India wants Qatar to lower gas price; Qatar says no to reopening existing contracts
India imports 8.5 million tonnes per annum of LNG from Qatar under two long-term contracts with a rate linked to crude oil prices.
View: With food and fuel consumer price index surges, it’s time to rethink the inflation target regime
Is inflation targeting right for India, and does it focus on the right target?
Oil slump deepens as China virus casts cloud over fuel demand, economy
Brent crude futures were down 82, or 1.3 per cent, to $62.39 a barrel by 0400 GMT.
Gold prices rangebound as strong US data fuels risk-on sentiment
US gold futures were down 0.1 per cent to $1,558.10.
Hike in tax sop for health insurance premium sought in Budget 2020
With the rise in healthcare costs, the tax exemption limits can be further increased by 20% for self and dependent parents each. This will provide a huge relief in terms of disposable income and help increase the penetration of health insurance.
Bharti Airtel gains 2% on receiving DoT nod for hiking FDI limit
It has received approval for increasing FDI limit in the company to 100% from 49%.
Fuel prices cut for second straight day on Monday
Good news for consumers as fuel prices fell again on Monday, the second consecutive day after easing of tensions between the US and Iran. Price of petrol fell by 10 paise and that of diesel by 5 paise a litre across all major cities on Monday.
Subsidised LPG prices rise 13% in 6 months
State oil companies raised prices of subsidised cooking gas by nearly Rs 30 a cylinder in August and raised it by another Rs 32 in the five months that followed. The current hike appears steep compared to the total increase of Rs 82 in five years to mid-2019.
India may seek renegotiation of LNG price from Qatar: Dharmendra Pradhan
India may seek to reopen the pricing of its long-term LNG import contract with Qatar to reflect falling rates of the spot or current market, Oil Minister Dharmendra Pradhan said on Thursday.
Petrol, diesel prices cut after slump in crude rates
After no change on Wednesday, the fuel prices dropped on Thursday as the price of petrol was cut by 15 paise and that of diesel by 14 paise across all major cities in the country.
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