commodities News

No revision in fuel prices for 11th consecutive day

No revision in fuel prices for 11th consecutive day

New Delhi: The oil marketing companies (OMC) continued to pause fuel price revision for the eleventh consecutive day, the longest period in weeks, as global development on oil production and rising US inventories has softened crude and product prices.However, they stopped short of reducing the retai...

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Wheat procurement at all time high, paddy procurement on

Wheat procurement at all time high, paddy procurement on

New Delhi: Hitting an all-time high, 433.32 lakh metric tonnes (LMT) of wheat has been procured from most of the wheat procuring states after conclusion of current marketing season RMS 2021-22, against the 389.92 LMT procured in RMS 2020-21, an official statement said on Monday.Wheat has been procur...

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No revision in petrol, diesel prices for 10 consecutive days

No revision in petrol, diesel prices for 10 consecutive days

New Delhi: Oil marketing companies (OMC) continued to pause fuel price revision for the tenth consecutive day, the longest period in weeks, as global development on oil production and rising US inventories has softened crude and product prices.However, they stopped short of reducing the retail price...

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Govt justifies higher taxes on petrol and diesel

Govt justifies higher taxes on petrol and diesel

New Delhi: The government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for running various developmental schemes but has refused to acknowledge the role played by higher prices of petrol and diesel in fuelling inflationary pressure on ...

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Fuel consumers get relief, no revision in petrol, diesel prices

Fuel consumers get relief, no revision in petrol, diesel prices

New Delhi: Oil marketing companies (OMC) continued to pause fuel price revision for the ninth consecutive day on Monday, the longest period in weeks, as global development on oil production and rising US inventories has softened crude and product prices.However, they stopped short of reducing the re...

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UP becomes largest producer of ethanol in India

UP becomes largest producer of ethanol in India

Lucknow: Uttar Pradesh has emerged as the largest ethanol-producing state in the country.A total of 58 crore litres of ethanol was produced by 54 distilleries established across the state.According to the government spokesman, the state has manufactured 58 crore litres of ethanol, a solvent that is ...

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RIL likely to produce natural gas from MJ field starting Q3FY23

RIL likely to produce natural gas from MJ field starting Q3FY23

Mumbai: Reliance Industries Ltd (RIL) is likely to produce natural gas from the MJ field of the KG D6 block by the third quarter (October-December) of next fiscal.The company, in an investor presentation, said that the first offshore installation campaign has been completed and the second offshore i...

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Pandemic-hit govt finances get crude shock; oil import bill to fall to decade low levels

Pandemic-hit govt finances get crude shock; oil import bill to fall to decade low levels

New Delhi: In a clear indication that the global oil market may not present an advantage to India as it provided during the pandemic-hit fiscal 2020-21, the countrys oil import bill in the first three months of current fiscal has increased close to three times to reach scales not seen in past few ye...

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Fuel prices unchanged at record levels for 8th straight day

Fuel prices unchanged at record levels for 8th straight day

New Delhi: Prices of petrol and diesel were unchanged for the 8th consecutive day across the four metros on Sunday.The stagnation in fuel price revision can be attributed to the global developments on oil production and rising US inventories which softened crude and product rates.International crude...

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7-day relief: No revision in fuel prices in a week

7-day relief: No revision in fuel prices in a week

New Delhi: Oil marketing companies (OMC) continued to pause fuel price revision for seven consecutive days, the longest period in weeks, as the global development on oil production and rising US inventories softened crude and product rates.However, they stopped short of reducing the retail price of ...

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