Losses on petrol, LPG end; continue to incur loss on diesel sales: BPCL chairman
State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) did not raise petrol and diesel prices for almost five months now despite rising international oil prices.
Gold falls to lowest in over a month, silver also weakens; should you invest now?
Gold and silver prices fell sharply in India after the US Fed chairman indicated that high interest rates will continue for some time to curb inflation. Karunya Rao catches up with Ajay Kedia of Kedia Commodities to analyse if it's the right time to buy precious metals
Gold prices fall by Rs 254 per 10 grams; silver gains Rs 21
In the previous trade, the precious metal had settled at Rs 52,285 per 10 grams.
Fuel Prices on August 26: Check petrol, diesel rates in Delhi, Mumbai and other cities
The fuel prices have stayed unchanged for more than a month.
Oil jumps nearly 4% on possible OPEC+ supply tightening
The prospect of resuming Iranian crude supply and recession fears, along with consecutive weekly builds at the US crude oil storage hub, easing gasoline demand
Volatility from disconnect in futures, fundamentals may push OPEC+ to cut output
Benchmark crude oil futures have fallen more than 20% since early June on concern about the outlook for the global economy and the possibility of more Iranian oil coming onto the market.
Gold heads for weekly drop as Fed officials reiterate rate hikes
Policy makers offered divergent views on the size of the next interest-rate increase, but they agreed on the need to keep raising interest rates
Oil prices rise about $1/bbl on prospect of subdued US rate hikes
Brent crude futures gained 96 cents, or 1%, to $97.55 a barrel by 12:20 p.m. EDT (1620 GMT). U.S. West Texas Intermediate crude was up 1.24, or 1.4%, at $90.52 a barrel.
Gold falls Rs 389; silver plunges Rs 1,607
The yellow metal had closed at Rs 52,384 per 10 grams in the previous trade.
Zinc surges as Trafigura-owned smelter to halt production
Surging energy costs -- exacerbated by Russia’s move to squeeze gas shipments to Europe following its invasion of Ukraine -- are putting pressure on industrial output across the region.
Average US gasoline price falls 45 cents to $4.10 per gallon
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low.
Fuel prices on August 13: Check petrol, diesel rates in Delhi, Mumbai, and other cities
Oil marketing companies are reportedly incurring a loss of Rs 13.08 a litre on petrol and Rs 24.09 on diesel. India meets 80 percent of its fuel needs through imports.
Oil falls 2% on expectations that US Gulf supply disruption will ease
Brent crude futures fell $1.83, or 1.8%, to $97.77 a barrel by 11:10 a.m. EDT (1510 GMT), while U.S. West Texas Intermediate (WTI) crude fell $2.16, or 2.3%, to $92.18 a barrel. Both contracts gained more than 2% on Thursday.
Gold gains, set for weekly rise as US yields drop
Spot gold was up 0.2% at $1,793.39 per ounce, as of 1432 GMT and was headed for a more than 1% weekly rise. U.S. gold futures rose 0.1% to $1,808.50.
Direct stockholders to upload info on stocks of tur daal: Centre tells states amid price rise
The Ministry of Consumer Affairs, Food & Public Distribution has asked states/UTs to instruct shareholder entities to upload data on the stocks they own on a weekly basis to the Department of Consumer Affairs' online monitoring portal.
Oil rises as IEA hikes 2022 demand growth forecast
Brent crude futures gained $1.29, or 1.3%, to $98.69 a barrel by 1348 GMT, while U.S. West Texas Intermediate crude futures rose $1.45, or 1.6%, to $93.38.
Rs 50,000 crore forex saved by blending ethanol with petrol in 7-8 years: PM Modi
Dedicating the second-generation ethanol plant of India Oil Corporation to the nation in Panipat, Haryana, PM Modi said that the same amount of Rs 50,000 crore has gone to farmers.
India to start supplying petrol with 20% ethanol from April 2023
"E20 petrol (petrol blended with 20 per cent ethanol) in some quantity will be available from April 2023 and the rest to be covered by 2025," Oil Minister Hardeep Puri said.
Gold prices fall by Rs 60, silver declines Rs 575
The precious metal had closed at Rs 52,871 per 10 grams in the previous trade.
Gold ETFs log Rs 457 crore outflow in July
This was in comparison to a net inflow of Rs 135 crore in June, data with Association of Mutual Funds in India (Amfi) showed.
Gold dips 1% as robust US jobs data eases recession concerns
The dollar index was up 1.1%, making gold more expensive for overseas buyers, while U.S. Treasury yields extended their rise after the data.
Brent crude hits pre-Ukraine invasion lows on recession fears
Brent crude futures were down $2.88, or 3%, at $93.90 a barrel by 1543 GMT, while West Texas Intermediate (WTI) crude futures fell $2.37, a 2.6% decline, to $88.29.
Rupee skids 25 paise to 79.40 against US dollar
At the interbank foreign exchange market, the local currency opened at 79.21 and dropped to an intra-day low of 79.85. It clawed back some lost ground to finally end at 79.40, down 25 paise over its previous close of 79.15.
Fuel Prices on July 30: Check petrol, diesel rates in Delhi, Mumbai, and other cities
Petrol in Mumbai is being sold for Rs 106.31 per litre and diesel for Rs 94.27.
