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Oil drops again to $50 a barrel

Published

9 years ago

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New Delhi: In a repeat of the plunge at the turn of the year, global crude oil prices again fell to the psychological $50 mark, from over $100 last year, this time in the wake of the Iran nuclear deal last month.

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $50.50 a barrel of nearly 160 litres on the previous trading day on Friday.

The Indian basket of crude oil fell on Friday to $52.98 a barrel.

The International Energy Agency has said that Iran has at least 17 million barrels of crude oil stored and ready to be shipped.

This would add to the output from OPEC whose production levels are already at a three-year high, at a time when the market remains over-supplied.

Saudi Arabia reported a record crude oil production of 10.6 million barrels per day (bpd) in June, an increase of ore than 200,000 bpd on the previous month.

Oil marketer Indian Oil Corp on Friday cut prices of transport fuels – petrol by Rs.2.43 a litre and diesel by Rs.3.60 – for the third time in the month. Petrol and diesel prices were last cut on July 15 by Rs.2 a litre each.

The price of petrol per litre is Rs.66.90 in Delhi, Rs.71.57 in Kolkata, Rs.71.97 in Mumbai and Rs.67.29 in Chennai. Diesel costs Rs.49.72 a litre in Delhi, Rs.52.75 in Kolkata, Rs.55.15 in Mumbai and Rs.51.08 in Chennai.

Meanwhile a finance ministry source told IANS on Monday that it will pay state-run oil marketers Rs.1,300 crore cash subsidy for kerosene for the first quarter ended June.

The subsidy payout on kerosene, to compensate retailers for the under-recovery or loss, incurred by selling below cost, will be at Rs.12 per litre, as per a new formula approved by the government, the source said.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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