Commodities

Commodities News

LPG price cut, Ujjwala expansion could cost over Rs 37k cr annually

The government on Tuesday announced the price cut, which was implemented by public sector oil marketing companies (OMCs) on Wednesday. The government stopped providing LPG subsidy in the early months.

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US crude stocks to fall further, end below year-ago levels, say analysts

By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude oil stocks have fallen to their lowest level this year and likely will shrink further, analysts said, as record demand, producer supply cuts, weaker.

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Mandi prices of onion up 15% in Lasalgaon, Nasik in a week as govt agencies step up purchases

Within a week, the mandi prices of onion at Lasalgaon, Nasik district of Maharashtra, the hub of the trade, has increased by 15% to Rs 2351/quintal on Friday on account.

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Windfall profit tax on crude oil cut; levy on diesel, ATF exports hiked

India first imposed windfall profit taxes on July 1 last year, joining a growing number of nations that tax supernormal profits of energy companies. The government has cut the windfall.

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Gold shows resilience amid market volatility, falling US Treasury yields likely to increase investment demand

Gold’s resilience in the face of the runup in real interest rates shows that the yellow metal is presenting investors with a buying opportunity. By Bhavik Patel The market was.

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Stock-holding limits likely on chana

Trade sources said mandi prices of chana are ruling around Rs 6,100/quintal, the highest in last many years. After wheat, tur and urad, the government is likely to impose stock.

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ATF price hiked by steepest ever 14%

In three increases, ATF prices have gone up by a steep Rs 23,116.24 per kl. On the other hand, the price of commercial LPG, used in establishments such as hotels.

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Rs 200 LPG price cut on oil cos, govt unlikely to give subsidy

It has promised to give LPG at Rs 500 per cylinder if voted to power in Madhya Pradesh, where elections are due in November-December. Bumper earnings in the first five.

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Oil dips as China factory activity shrinks; market eyes US data

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices eased on Thursday after data showed China’s manufacturing activity shrank for the fifth month in a row, and as investors cautiously awaited a.

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Marketmind: Rates dice, AI arms race and G20 snub

A look at the day ahead in U.S. and global markets from Mike Dolan World markets are ending a bumpy August in better sharp that the dire first half of.

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