Fuel prices on May 1: Petrol and diesel rates remain unchanged across major metros
Oil prices fell on May 1 as jitters over the prospect of the U.S. Federal Reserve raising interest rates combined with weaker Chinese manufacturing data to erase earlier gains.
OIL, Assam Gas Company to form JV for piped natural gas distribution
The Assam government-owned AGCL will have 51 per cent stake, while the OIL will hold the remaining 49 per cent share in the joint venture company.
Fuel prices on April 26: Petrol and diesel rates remain unchanged across major cities
In Chennai, prices of petrol and diesel stood at Rs 102.63/litre and Rs 94.24/litre, respectively, while in Kolkata both fuels are priced at Rs 106.03/litre and Rs 92.76/litre, respectively.
Fuel prices on April 25: Petrol and diesel rates remain unchanged across major cities
In Delhi, petrol costs Rs 96.72 per litre while diesel is selling at Rs 89.62 a litre. On the other hand, in Mumbai, petrol is retailing at Rs 106.31, while diesel prices are Rs 94.27.
Gold likely to lose sheen on high prices this Akshaya Tritiya; jewellers expect 20% dip in demand
During Akshaya Tritiya, 40 per cent of the business is done in the south, 25 per cent in the west, 20 per cent in the east and the remaining 15 per cent in the north, All India Gem and Jewellery Domestic Council (GJC) chairman Saiyam Mehra said.
Oil prices fall as strengthening dollar prompts weak demand concern
On the supply side, oil loading from Russia’s western ports in April is likely to rise to the highest since 2019, above 2.4 million barrels per day, despite Moscow’s pledge to cut output, trading and shipping sources said.
Fuel prices on April 19: Petrol and diesel rates remain unchanged in major metros
In Delhi, petrol costs Rs 96.72 per litre while diesel is selling at Rs 89.62 a litre. On the other hand, in Mumbai, petrol is retailing at Rs 106.31, while diesel prices are Rs 94.27.
Fuel prices on April 18: Petrol and diesel rates remain unchanged in major metros
In Delhi, petrol costs Rs 96.72 per litre while diesel is selling at Rs 89.62 a litre. On the other hand, in Mumbai, petrol is retailing at Rs 106.31, while diesel prices are Rs 94.27.
Govt takes steps to monitor Tur, Urad stock levels; warns hoarders of strict action
To assess the situation at the ground level, the Department of Consumer Affairs has deputed 12 senior officers to visit various places in the states of Karnataka, Madhya Pradesh, Maharashtra, and Tamil Nadu
Gold charges higher as bets for Fed pause gain ground
Spot gold jumped 0.9% to $2,021.39 per ounce by 9:04 a.m. EDT (1304 GMT), rising by as much as 1.3% earlier, while U.S. gold futures rose 0.9% to $2,036.90 per ounce.
Gold rises as market awaits US inflation data, Fed minutes
Spot gold rose 0.4% to $2,010.23 per ounce by 0921 GMT. U.S. gold futures gained 0.2% to $2,024.30.
Gold gains as dollar pauses ahead of US inflation data
Spot gold rose 0.7% to $2,002.76 per ounce by 11:40 a.m. EDT (15:40 GMT) while U.S. gold futures gained 0.7% to $2,018.00.
Oil rises in choppy trading with US and China inflation in focus
Brent crude futures rose 65 cents, or 0.8%, to $84.83 a barrel by 1405 GMT. U.S. West Texas Intermediate futures rose 92 cents, or 1.2%, to $80.66 a barrel.
Gold imports dip 30% to $31.8 billion in April-February 2023
The merchandise trade deficit for April-February 2022-23 was estimated at $ 247.52 billion against $172.53 Billion in the year-ago period.
CNG, piped cooking gas get cheaper in Delhi as Indraprastha cuts prices by up to Rs 6
From tomorrow, CNG will be available in the national capital region for Rs 73.59 per kg, down from Rs 79.56, IGL said in a Twitter post.
New Gas Pricing Formula: CNG, piped gas prices to be cut but no clarity on deregulation
The Union Cabinet accepted an expert committee report to price bulk of domestically produced natural gas at 10 per cent of month average import price of crude oil with a floor of USD 4 per million British thermal unit and a cap of USD 6.5
India's coal output grows 12% to 107 MT in March; despatch rises 7.49% to 83 MT
During March 2023, the coal despatches also increased by 7.49 per cent to 83.18 MT from 77.38 MT in March 2022, the Ministry of Coal said in a statement.
Fuel Prices on April 5: Petrol, diesel rates unchanged across major cities
Petrol and diesel in Delhi cost Rs 96.72 per litre and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27 per litre.
Small jewellers fret over new Hallmark ID number on gold ornaments even after winning a three-month reprieve
The new hallmarking ensures quality of gold used in jewellery and helps in traceability as the ID number is is unique for each piece. It can be used to trace the manufacturer, assayer and the retailer who sold it.
OPEC+ move to slash production opens door to battle over Asia’s oil demand
At the same time, while the US has reduced its reliance on OPEC+ oil, the country still imports close to 580,000 barrels daily from the group
Oil producers' cuts could boost gasoline prices, help Russia
The decision by oil producers, many of them in the OPEC oil cartel, to cut production by more than 1 million barrels a day comes after prices for international benchmark crude slumped amid a slowing global economy that needs less fuel for travel and industry.
Surprise oil output cut by OPEC+ to delay price revision in India
The grouping of Organisation of Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, on Sunday decided to further cut oil output by around 1.16 million barrels.
Global food supply risks escalate as key traders leave Russia
The exit of Cargill Inc and Viterra means Russia, the world’s largest wheat exporter, will have more control over its food shipments and reap more of the revenues
Govt permits 16k-odd jewellers to sell 'declared' old gold hallmarked stock till June-end
As per the notification, the ministry has amended the Hallmarking of Gold Jewellery and Gold Artefacts Order, 2020 and allowed only those jewellers who declared their old stock -- having an old hallmarking mark -- to clear those articles before June 30, 2023.
