After two minor price increases, state-run oil firms on Monday hiked jet fuel or ATF rates by over 12 per cent on firming international oil prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum raised avitation turbine fuel (ATF) price by Rs 3,949 to Rs 36,252 per kilolitre in Delhi effective Monday midnight, an IOC official said.
Crude prices have risen to above 70 dollar per barrel mark from below 40.
http://www.ibnlive.com/news/petroleum-minister-says-rising-crude-prices-worrisome/94765-7.html
Air tickets could get costlier as jet fuel prices are set to skyrocket.
http://www.ibnlive.com/news/marginal-hike-in-aviation-fuel-prices/87749-7.html
OPEC is fully enforcing its deepest ever oil supply curbs.
http://www.ibnlive.com/news/oil-jumps-nearly-7-percent-on-supply-cuts-dollar/83438-7.html
OPEC produces about 40 per cent of the world's crude.
http://www.ibnlive.com/news/oil-at-fouryear-lows-near-40-despite-opec-cut/80864-7.html
The move is to balance the slowing demand of oil worldwide.
http://www.ibnlive.com/news/opec-decides-to-cut-oil-output-by-42-mn-barrelsday/80805-7.html
Oil prices jumped four dollars, or almost 10 per cent.
http://www.ibnlive.com/news/rupee-lifts-oil-prices-lift-on-russian-offer/80357-7.html
BJP has already gone to the EC citing violation of the model code of conduct.
http://www.ibnlive.com/news/cong-plays-petrol-price-cut-card-bjp-cries-foul/79055-37.html
Deora proposes a cut of Rs 5 in petrol prices and Rs 20 in domestic LPG cylinders.
http://www.ibnlive.com/news/deora-sends-petrol-lpg-price-cut-proposal-to-sonia/79041-37.html
Deora had earlier said a price cut was under consideration.
http://www.ibnlive.com/news/oil-prices-will-be-cut-after-assembly-polls-govt/78955-7.html
US light crude for January delivery rose 67 cents to $50.60 by 0238 GMT.
http://www.ibnlive.com/news/oil-rises-above-50-opec-cut-eyed/78895-7.html
US crude fell $3.71, to $49.91 a barrel by 1402 GMT, the weakest level since January 2007.
http://www.ibnlive.com/news/crude-dips-below-50-for-the-first-time-since-jan-2007/78603-7.html
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