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| Latest news from Commodities |
| Under pressure, govt to review steep petrol hike Brent steady at $106 as economy worry lingers Brent steady at $106 as economy worry lingers Brent crude futures held steady at $106 a barrel on Friday, but was on track for a fourth weekly loss and the longest losing streak since early 2010, as investors were jittery over signs of slowingMore Protests on petrol prices may delay diesel reform No oil price review before June 1, two states cut tax On a day of high political drama, oil marketing companies decided to put to rest speculation of a rollback in petrol prices and said a review would be possible only on June 1. Key United ProgressiveMore Petrol price rise offers FDI hope to retail chains The recent decision by state-owned oil marketing companies to increase petrol prices steeply has raised hopes of retail chains, which expects the government will now initiate steps to take theMore U.S. sets more duties on India steel pipe WASHINGTON (Reuters) - The United States piled another layer of preliminary duties on Thursday on a certain type of steel pipe from India, one month after New Delhi complained at the World TradeMore Protests on petrol prices may delay diesel reform IOC may cut petrol prices if crude falls NEW DELHI (Reuters) - Indian Oil Corp, the country's biggest refiner, may cut petrol prices if global crude prices drop, Chairman R.S. Butola said on Thursday, but it will not immediatelyMore HPCL chief says unaware of possible diesel price hike The head of state-run oil company HPCL , S.Roy Choudhury, said on Thursday he had not been informed of a possible hike in diesel prices by the government. A planned meeting by a committee ofMore |