Auto Industry News
Oil Jumps About $4 As OPEC+ Weighs Biggest Output Cut Since 2020
Oil prices jumped nearly $4 a barrel as OPEC+ considered reducing output by more than 1 million barrels per day (bpd).
French Refinery Strike Continues At Four Sites For Eighth Day
Oct 29, 2022 09:58 AM
Strikes have disrupted TotalEnergies' oil products refining and delivery for an eighth day.
U.S. Treasury Seeks Phased G7 Oil Sanctions As EU Ban Looms
Oct 29, 2022 09:57 AM
G7 sanctions on Russia will target its oil and products in three phases.
RBI Sells Dollars As Rising Oil Prices Push Rupee To Near Record Low - Report
Oct 29, 2022 09:54 AM
The Indian central bank likely sold dollars via state-run banks.
India's Gasoil, Gasoline Sales Surge On Festive Demand
Oct 29, 2022 08:45 AM
Gasoline and gasoil sales by Indian state refiners rose sharply in September from a year earlier.
India Cuts Windfall Tax On Crude Oil Output, Diesel Exports
Oct 29, 2022 08:43 AM
The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne.
Petronas To Fight Asset Claims By Southeast Asian Sultan's Heirs
Oct 29, 2022 08:41 AM
Malaysian state oil firm Petronas said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.
Oil Falls But Notches Weekly Gain As OPEC+ Considers Output Cut
Oct 29, 2022 08:32 AM
Oil prices dipped choppy trading but notched their first weekly gain in five.
Delhi Government Hikes Auto And Taxi Fares
Oct 29, 2022 05:04 AM
The upward revision will see the auto-rickshaw fare increase by Rs. 5, while the per kilometre charge for AC and non-AC taxis have gone up by Rs. 4 and Rs. 3 respectively.
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