Market News

The International Energy Agency has proposed releasing up to 400 million barrels of oil from global strategic reserves to stabilise markets amid supply disruptions and rising geopolitical tensions.

India raises gas supply to fertiliser plants to 95% of average use, boosts LPG and CGD allocations, and introduces reforms to ensure energy stability amid tensions in West Asia.

The Centre has hiked retail petrol and diesel prices by up to ₹3 per litre, the first such revision in four years. Shares of oil marketing companies HPCL, BPCL, and IOC dipped up to 3% as the hike came in below market expectations. Read ahead to know more.