Tag: oil price surge
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Oil price surge pushes Brent crude above $116 amid Iran US tensions
The oil price surge has accelerated sharply, with the global benchmark Brent crude price crossing $116 per barrel, underscoring intensifying Iran US tensions and the deepening global energy crisis. The spike reflects growing fears that the conflict could spiral further, disrupting already fragile energy supply chains and triggering widespread economic consequences. Oil price surge driven…
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Fuel price hike: Nayara Energy raises petrol diesel prices amid global crude surge
India is witnessing a sharp fuel price hike as Nayara Energy has increased petrol diesel prices by up to ₹5 per litre, marking the first significant revision after a prolonged freeze on retail fuel rates. The move reflects mounting pressure from surging global crude prices, which have been driven higher by escalating geopolitical tensions in…