• About Us
  • Copyright Policy
  • Disclaimer
  • Authors
  • Career
  • Contact Us
Assamese |   Bengali |  
Saturday, February 27, 2021
NORTHEAST NOW
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion
No Result
View All Result
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion
No Result
View All Result
NORTHEAST NOW
Assamese
Home Business

Coronavirus impact: Oil prices slump to 17-year low

NE NOW NEWS by NE NOW NEWS
GUWAHATI , March 30, 2020 4:48 pm
Coronavirus impact: Oil prices slump to 17-year low

Representational image

Share on FacebookShare on Twitter

As coronavirus lockdowns have hit major economies, the international oil prices slumped to a 17-year-low.

The petrol and diesel prices in India have been frozen since March, even though the average crude oil import cost dropped by over a fifth.

Sources informed that another excise duty increase is likely to take place soon as the Centre seeks to reinforce its war chest against COVID-19.

The benchmark Brent crude price dropped by as much as 6.62 per cent to $23.28 per barrel on Monday and the price of West Texas Intermediate (WTI), another benchmark in oil pricing, fell below 5 per cent to around $20 a barrel.

There has been a reduced demand for oil in the wake of coronavirus pandemic, moreover, an oil price war between Saudi Arabia and Russia has also contributed to the plunge in crude oil price.

“Prices of auto fuels in India had been frozen since March 16 to allow petroleum refiners to make up for inventory losses,” reported Hindustan Times quoting government officials.

The officials further informed that the Centre is considering to increase excise duty on petrol and diesel again to raise additional revenue to fund the battle against COVID-19.

Myanmar’s military ruler remits sentences of over 23,000 prisoners

Myanmar Army extends suspension of operation against militants for one more month

Assam: AASU to boycott singer Bipin Chawdang for ‘objectionable remarks’ against ex-general secretary

Assam: AASU to boycott singer Bipin Chawdang for ‘objectionable remarks’ against ex-general secretary

Tension erupts at Tripura-Mizoram border after Forest team barred from setting up check post

Tension erupts at Tripura-Mizoram border after Forest team barred from setting up check post

Northeast Congress Coordination Committee slams privatization of Guwahati airport

COVID-19 test at airports, rail stations in Assam to continue

NORTHEAST NOW

Northeast Now is a multi-app based hyper-regional bilingual news portal. Led by a group of professionals, the digital news platform covers every inch of the eight states of northeast India and the five neighbouring countries. It is the first of its kind new media initiative in the northeast, and is based in Guwahati. As the political dynamics in the northeast is intricate and fluid, Northeast Now is always politically neutral.

 
Our Properties
 
  • NORTHEAST NOW ASSAMESE
  • NORTHEAST JOBS
  • NORTHEAST TENDERS
  • INNFINITY
  • About Us
  • Copyright Policy
  • Disclaimer
  • Authors
  • Career
  • Contact Us

© 2019 - Maintained by EZEN Software & Technology Pvt. Ltd

No Result
View All Result
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion

© 2019 - Maintained by EZEN Software & Technology Pvt. Ltd