The Government of India has stated that domestic LPG, petrol, and diesel prices have been kept unchanged despite a sharp rise in global crude oil and gas prices. The move aims to protect consumers from the impact of international market volatility triggered by geopolitical tensions, particularly in West Asia. According to the Ministry of Petroleum.
Global oil prices witnessed a sharp decline of over 13 per cent on Monday after former US President Donald Trump announced a temporary pause on planned military strikes targeting Iran’s power and energy infrastructure. The development also lifted market sentiment, with GIFT Nifty indicating a positive start for Indian equities. Oil prices see steep fall.
New Delhi, March 23, 2026: The Indian government has confirmed that the country currently holds over 3.37 million metric tonnes (MMT) of crude oil in its strategic petroleum reserves, strengthening its energy security amid global uncertainties. Buffer Against Global Supply Disruptions The information was shared by Minister of State for Petroleum and Natural Gas Suresh.
The Indian rupee touched a fresh record low of 92.94 against the US dollar on Thursday, depreciating by 30 paise. Elevated crude oil prices amid ongoing tensions in West Asia have added pressure on the currency. The rupee’s slide comes amid strong demand for dollars by importers and a firm greenback in global markets. On.
New Delhi: The United States is considering a move to un-sanction Iranian oil as a primary measure to stabilize global energy markets and curb the recent spike in crude prices. United States Secretary of the Treasury Scott Bessent confirmed the strategic shift, describing it as part of a broader “coordinated effort” across the federal government.
Indian stock markets ended a turbulent week on a weak note, with benchmark indices logging their steepest weekly drops in years. The BSE Sensex slumped nearly 1.93% on Friday to 74,563.92, and the Nifty 50 fell about 2.06% to 23,151.10, reflecting heightened caution among investors amid persistent global geopolitical tensions and crude oil price pressures..
