The crude prices are falling but there is no hope of a roll back on prices for the Indian consumer of oils. The Oil Secretary has confirmed that the prices will not be cut as the drop is not so significant.
Increased diesel costs would mean costlier maintenance.
http://www.ibnlive.com/news/diesel-to-be-costlier-for-private-vehicles-and-gensets/75152-3.html
Concerns on US economy and sliding fuel demand lead to the slip.
http://www.ibnlive.com/news/oil-slips-beneath-103-over-concerns-on-us-economy/74339-7.html
Gold prices registered the highest one-day climb in 26 years.
http://www.ibnlive.com/news/gold-prices-climb-rs-1000-per-10-gm-in-a-day/73830-7.html
Oil prices are nearly 35 per cent off their July record high of $147 a barrel.
http://www.ibnlive.com/news/oil-prices-steady-after-mayhem-on-wall-street/73822-7.html
The Indian rupee fell to its weakest level against the dollar on Tuesday.
http://www.ibnlive.com/news/india-not-to-cut-fuel-prices-despite-drop-in-crude/73694-7.html
Crude prices recovered thanks to mixed signals from oil cartel OPEC.
http://www.ibnlive.com/news/crude-slips-to-a-5month-low-of-10187-per-barrel/73303-7.html
Blame it on anaerobic bacteria in oil reservoirs deep below the earth's surface.
http://www.ibnlive.com/news/what-makes-crude-oil-good-or-bad/73255-11.html
Production quotas will be returned to the levels of September 2007
http://www.ibnlive.com/news/oil-prices-hit-fivemonth-low-opec-cuts-production/73254-7.html
Crude oil prices dropped to a new five-month low on Tuesday.
There is concern that the storms could impact refineries and production.
http://www.ibnlive.com/news/oil-jumps-nearly-2-to-108-on-hurricane-threat/73104-7.html
Oil Minister says the rich can afford and must pay more for fuel.
http://www.ibnlive.com/news/own-a-luxury-car-pay-more-for-fuel/72956-7.html
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