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Nayara Energy cuts petrol price by Rs 5, diesel by Rs 3 amid softening oil prices
Nayara Energy has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide, marking the first reduction in over two years. This move follows easing West Asian tensions and stabilizing global oil prices. While Nayara reverses its March price hike, state-owned retailers like IOC, BPCL, and HPCL have kept their prices unchanged. This development signals potential relief for consumers as international markets stabilize.
LPG Cylinder Price: Commercial LPG down Rs 183.50 from July 1, first cut in 2026
LPG Price Cut: Commercial LPG cylinder prices have seen a significant reduction of Rs 183.50, effective July 1, 2026. This marks the first price cut for 19-kg cylinders this year, bringing relief to businesses. Domestic cylinder rates, however, remain unchanged. The price drop is attributed to easing global crude oil prices following a ceasefire extension between the US and Iran, impacting key shipping routes.
Global funds increase India bets as oil falls and rupee stabilizes - mezha.net
Global funds increase India bets as oil falls and rupee stabilizesmezha.net
Global funds revisit Indian stocks as oil, rupee risks recede - Reuters
Global funds revisit Indian stocks as oil, rupee risks recedeReuters
Banks NPA at multi-decadal low of 1.8%, Indian financial system remains resilient: RBI report
India's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite global uncertainties and rising oil prices, strong domestic fundamentals offer resilience. However, funding challenges are emerging as savers seek higher returns, and AI-driven cyberattacks pose a significant near-term threat to banks. The RBI remains vigilant against evolving risks.
India cuts windfall tax on diesel, raises petrol tax from July
India has adjusted its windfall taxes on fuel exports, slashing duties on diesel and aviation fuel while increasing the tax on petrol exports. These changes, effective July 1, reflect easing global oil prices and aim to secure domestic supply. Exemptions for exports to neighbouring countries have also been expanded. This move signals a shift in the government's approach to managing fuel revenues amidst fluctuating international markets.
'Short-Term Pain Was Crucial': How Govt Weathered Oil Shock With Only 7% Fuel Price Hike
Sunjay Sudhir explains how India capped fuel price hikes despite the global oil shock.
Market Pulse: Key triggers to watch before the July 1 trading session
US markets were largely steady in intraday trade, with the Dow Jones Industrial Average moving little as oil prices held above $70 per barrel. However, Iran’s Foreign Ministry said there are no plans for talks with the United States at any level in the coming days. Coming to India, the fiscal deficit widened to ₹1.62 lakh crore during April–May FY27, compared with ₹13,200 crore a year earlier. The Finance Ministry said inflation is expected to remain contained in the coming months due to easing global commodity prices and moderating imported inflation.
Global headwinds persist as India posts 7.8% Q4 growth amid easing oil, steady policy stance and mixed inflation trends
West Asia peace deal eased energy stress, pushing Brent below $80. India grew 7.8% in Q4, CPI rose to 3.9%, fiscal deficit at 4.4% of GDP. RBI kept repo at 5.25% with neutral stance amid mixed global PMI.
Oil finds its way: Supertankers return to Persian Gulf
Supertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran conflict. Shipping data indicates a significant increase in commodity vessel traffic, including oil tankers, signalling renewed confidence among shipowners. This return of large carriers, with a combined capacity of millions of barrels, is vital for global energy markets as hostilities ease ahead of peace talks.
India Reclaims Fifth-Largest Global Equity Market Position As Falling Oil Prices And FII Buying Support Rally - Swarajyamag
India Reclaims Fifth-Largest Global Equity Market Position As Falling Oil Prices And FII Buying Support RallySwarajyamag
Asian stocks set for record-breaking quarter; dollar sinks gold and yen
Japan's Nikkei and South Korea's KOSPI remained on track for outsized quarterly gains as easing oil-price concerns improved the global growth outlook, while a stronger dollar pressured gold and yen