commodities News

PM to interact with CEOs and experts of global oil and gas sector today

PM to interact with CEOs and experts of global oil and gas sector today

New Delhi: Prime Minister Narendra Modi will interact with CEOs and Experts of Global Oil and Gas Sector on Wednesday evening.This is sixth such annual interaction which began in 2016 and marks the participation of global leaders in the oil and gas sector, which deliberates upon key issues of the se...

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Fuel rates hiked again, petrol at Rs 106.19 a litre in Delhi

Fuel rates hiked again, petrol at Rs 106.19 a litre in Delhi

New Delhi: Petrol and diesel prices on Wednesday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre after a two-day pause.The price of petrol in Delhi rose to its highest-ever level of Rs 106.19 a litre and Rs 112.11 per litre in Mumbai, accor...

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Duty relief on fuel expected to brighten festive mood in country

Duty relief on fuel expected to brighten festive mood in country

New Delhi: Consumers could expect relief from the surging price of auto fuels this festive season as the government may opt for an excise duty cut on petrol and diesel, for the first time since the outbreak of the pandemic.By doing so, the government aims to prevent rising crude oil prices from adve...

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Rains, festive season, high fuel prices send veggie prices soaring

Rains, festive season, high fuel prices send veggie prices soaring

New Delhi: The delayed withdrawal of monsoon, coupled with flood situation in various parts of the country, soaring fuel prices and the festive season demand have all set the prices of vegetables, especially essentials such as onion and tomato, to shoot up within a week or so.The Centre has claimed ...

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No increase in fuel prices for 2nd consecutive day on Tuesday

No increase in fuel prices for 2nd consecutive day on Tuesday

New Delhi: Petrol and diesel prices remained unchanged for the second consecutive on Tuesday providing relief to consumers who have been facing a regular increase in fuel prices in the past few months taking the retail rates to historic high levels.With no revision, the price of petrol in Delhi rema...

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IEA revises up oil demand forecasts for 2021, 2022

IEA revises up oil demand forecasts for 2021, 2022

Paris: The Paris-based International Energy Agency (IEA) has revised up global oil demand forecasts for 2021 and 2022.The ongoing energy crisis has prompted a switch to oil, and therefore global oil demand is set to rise by 5.5 million barrels per day (mb/d) in 2021 and 3.3 mb/d in 2022, IEA said in...

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UP's Purvanchal emerging as hub of vegetable export

UP's Purvanchal emerging as hub of vegetable export

Lucknow: The Purvanchal region of Uttar Pradesh is emerging as the export hub for vegetables.Despite the Covid-19 pandemic, huge consignments of fresh green vegetables were flown from Purvanchal to the Gulf countries, for the second time in less than two years, benefitting farmers substantially in t...

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Karnataka CM hints at reducing taxes on fuel

Karnataka CM hints at reducing taxes on fuel

Hubballi: Karnataka Chief Minister Basavaraj Bommai on Sunday hinted at reducing cess and sales tax on petrol and diesel in the state to ease the fuel prices which have touched an all-time high.Speaking to the media, Bommai said it all depends on the economy."I have called an economic review meeting...

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Oil alarm: Country's oil import bill at 67% of FY21 in just 5 months of FY22

Oil alarm: Country's oil import bill at 67% of FY21 in just 5 months of FY22

New Delhi: The sharp economic recovery and rising demand post the second wave of Covid coupled with a spike in global oil prices may pose a challenge for the government in FY22 to maintain fiscal discipline amid good growth in tax revenue.Country's crude oil Import bill that fell drastically last ye...

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No hike in fuel prices on Monday, relief for consumers facing historic high rates

No hike in fuel prices on Monday, relief for consumers facing historic high rates

New Delhi: Petrol and diesel prices remained unchanged on Monday after increasing for four consecutive days as oil marketing companies (OMC) decided to pause to see developments in the global oil market before taking the next step.Accordingly, the price of petrol in Delhi remained Rs 105.84 a litre ...

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