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G7 sanctions on Russia will target its oil and products in three phases.

The Indian central bank likely sold dollars via state-run banks.

Gasoline and gasoil sales by Indian state refiners rose sharply in September from a year earlier.

The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne.

Malaysian state oil firm Petronas said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.

Oil prices dipped choppy trading but notched their first weekly gain in five.

The upward revision will see the auto-rickshaw fare increase by Rs. 5, while the per kilometre charge for AC and non-AC taxis have gone up by Rs. 4 and Rs. 3 respectively.

The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director.