Commodities

Weak rupee, high custom duty trigger 2% fall in vegetable oil imports in September

Vegetable oil imports fell 2% to 14.91 lakh tonnes in September owing to rupee depreciation and higher custom duty, Solvent Extractors Association of India (SEA) said.

Not Iran, US is the real reason for higher oil prices! Check what oil minister Dharmendra Pradhan says

Ahead of the US sanctions against Iran, India Tuesday said availability of crude oil to replace lost volumes is not an issue but the "sentiment" around losing a big oil supplier is driving prices high

Alert! All 400 petrol pumps in Delhi to remain shut on October 22; here’s why

In a mark of protest against the Delhi government’s refusal to cut value added rax (VAT) on petrol and diesel, all 400-petrol pumps in Delhi will remain closed on October 22.

Petrol price today: Fuel prices hiked again in all metro cities; check latest rates

Petrol price today: PM Narendra Modi held a meeting On Monday with oil companies, Saudi Arabia Oil Minister Khalid A Al-Falih, and other key stakeholders to find a resolution to India’s oil problem

Big boost to petroleum and fertilizer sector: Saudi Arabia, UAE reiterate investment plans in India

Earlier this year, ADNOC signed a memorandum of understanding with Saudi Aramco to acquire 25% of its stake in India’s $44-billion West Coast refinery in which the latter has 50% stake.

Rs 750 crore FRP for Maharashtra cane farmers remain unattended

For the current season, the FRP dues are nearly Rs 221 crore. About 20 factories in the Pune division are still holding RSF dues of Rs 50 crore for 2016-17 season.

Quick estimates of IIP show upward trend for textile and clothing sector: CITI

The quick estimates of Index of Industrial Production (IIP) for August has showed an encouraging trend for the textile and clothing sector.

IIP and industrial growth to support steel consumption in India: Sushim Banerjee

Growth of Industrial Production in August’18 at 4.3% with manufacturing at 4.6% is somewhat lower than what was expected with the publication of July results. But there is lot to cheer about for the

Dealers in national capital to shut petrol pumps on October 22

Delhi Petrol Dealers Association (DPDA) Monday said all 400-odd petrol pumps in the national capital will remain closed on October 22 in protest against the Delhi government's refusal to cut VAT on pe

Revealed! Why British Petroleum curtailed investments in India in past

India is an important market for the oil major and the firm is in talks with Reliance Industries Limited (RIL) to venture into downstream business, Bob Dudley said.

The king of oil nations Saudi Arabia wants to invest in India’s oil industry, in these 2 areas

The global oil powerhouse Saudi Arabia plans to invest in India in the fuel retail and crude storage segments, country’s oil minister told Prime Minister Narendra Modi on Monday at an event.

Diesel price rise: Modi’s Rs 2.5 relief eroded by 10 rate hikes in a row; what will government do now?

As diesel prices were hiked for the tenth straight day on Monday by the oil marketing companies (OMCs), the entire Rs 2,50 per litre cut in rates announced by the government earlier this month got era

India has optional volumes of crude oil from Saudi, others to make up for shortfall from Iran: Officials

India had contracted to import about 25 million tonnes of crude oil from Iran in the fiscal year 2018-19 (April 2018 to March 2019), up from 22.6 million tonnes imported in 2017-18.

Petrol price today: Fuel prices continue to rise as diesel rates hiked 19 paise in Delhi

Petrol price today: In Mumbai, diesel can be availed at Rs 79.02 per litre, up 20 paise from yesterday, while petrol is retailing at Rs 88.18 per litre, an increase of 6 paise.

Oil prices rise amid Saudi tensions, but demand outlook drags

Brent crude had risen 98 cents, or 1.22 percent, to 81.41 a barrel by 0124 GMT, on track for its biggest daily gain since Oct. 9.

Fuel prices continue to rise, PM Narendra Modi to meet oil company heads

Fuel prices continued to rise across the four major metros on Sunday even as Prime Minister Narendra Modi prepares to meet oil company chiefs on Monday to take stock of the global energy scenario.

Gold remains higher on global cues, festive demand

Gold continued its upward journey for yet another week and recorded a rise of Rs 150 in its prices to close at Rs 32,050 per 10 grams, amid positive global cues and pick up in buying by local jeweller

Petrol diesel prices today: Fuel prices continue to rise as petrol rates hiked by 18 paise in Delhi

Petrol, diesel prices today: The oil marketing companies on Saturday raised prices of petrol and diesel by 18 paise per litre and 29 paise per litre, respectively, in Delhi.

Gujarat cotton season opens with higher prices

Delay in arrival, good demand from mills and higher minimum support price (MSP) have ensured that the new cotton season in Gujarat opens with higher prices this year. Cotton prices are about 20% highe

NSE begins commodity derivatives trading; now trade gold futures on exchange too

National Stock Exchange (NSE) on Friday launched trading in commodity derivatives segment.

Petrol price today: Fuel prices continue to rise; check petrol, diesel prices in all metros

Petrol prices today: There is an increase of 29 paise each in diesel prices in Mumbai and Chennai where the fuel today is retailing at Rs 78.22 per litre and Rs 78.90 per litre, respectively.

Kerala ramps up CNG offtake as GAIL offers 597 stations

Close on the heels of Delhi, Maharashtra and Gujarat, Kerala is ramping up its CNG use on the road. As many as 597 CNG stations are in pipeline in the state, within a year.

Maharashtra farmer body seeks Rs 3,500 per tonne as first cane installment

Ahead of the cane crushing season which is set to commence from October 20 in Maharashtra, the Raghunathdada Patil-led Shetkari Sanghatana has demanded a first cane installment of Rs 3,500 per tonne f

Area under soybean up 6.7%, says SOPA

The Soybean Processors Association of India (SOPA), in its first survey of soybean crop for the season of 2018-19, has estimated the total area under soybean for 2018 at 108.396 lakh hectare.

Coal imports seen rising by 8-17% in FY19

Global steam coal prices have been on a steady rise amid the falling value of the rupee. The average global coal price was about $116.8 per tonne in August.

Government asking oil firms to cut petrol, diesel prices by Rs 1 was ‘one-time thing’, says FinMin official

Putting down concerns about the oil marketing companies (OMCs) being asked to cut petrol and diesel prices again, a Finance Ministry official said it was a ‘one-time thing’ which won’t be repeat

Rupee plunges to record low of 74.48 against dollar on foreign fund outflows

The domestic currency rupee plunged to a fresh record low of 74.47 against the US dollar on Thursday, amid a wild sell-off in the stock market and unabated foreign fund outflows.

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