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COMMODITIES NEWS
IOC assures of ample fuel supply, ‘shortage localised’
May 24, 2026 06:17 IST
Indian Oil also said that the three OMCs —Bharat Petroleum and Hindustan Petroleum being the other two — are continuously monitoring the situation and taking necessary steps to address such “isolated situations”.
Supply chains hit, Government asks industry if local production of 200 petro items possible
May 22, 2026 04:46 IST
These items cumulatively account for annual imports worth over $50 billion and the missive from the DPIIT, issued Wednesday, comes amid the West Asia crisis that has caused price and supply related challenges for the industry.
Amid West Asia crisis, government bans sugar exports until September 30Subscriber Only
May 14, 2026 09:12 IST
The prohibition on sugar exports will also not apply to the advance authorisation scheme (AAS), government-to-government exports, and consignments already in the physical export pipeline, it stated.
Centre cuts windfall tax on diesel & jet fuel exports
May 1, 2026 01:50 IST
According to a Finance Ministry notification, the duty on diesel exports for the first fortnight of May has been slashed to Rs 23 per litre from Rs 55.5, while on jet fuel exports, the levy has been reduced to Rs 33 per litre from Rs 42.
12 million barrels of Venezuelan oil may reach India this monthSubscriber Only
April 8, 2026 01:24 IST
India depends on imports to meet over 88% of its requirement, and processes over 5 million barrels a day of crude.
Sugar supply situation ‘stable’ despite stocks at nine-year-low, says cooperative federation chief
April 8, 2026 00:46 IST
With opening stocks of 50 lt, the total sugar availability of 331 lt can comfortably cover the domestic consumption requirement of 280 lt and another 10 lt of exports for this season.
Critical petrochemical products get full customs duty exemptionSubscriber Only
April 3, 2026 01:05 IST
‘Centre will lose Rs 1,800 crore in revenue due to the three-month exemption on petrochemical products’
War in West Asia: Gold prices crash on inflation concerns, dollar emerges as safe betSubscriber Only
March 28, 2026 04:59 IST
Despite a nearly 2% rally over the last couple of days, gold prices on both the domestic and global markets are down around 27% from their January peak, despite the war in West Asia battering global markets.
Commercial LPG supply up to 70%, focus on steel, auto, textiles, chemicalsSubscriber Only
March 28, 2026 04:50 IST
Even among these industries, priority should be given to process industries or those requiring LPG for specialised heating purposes that cannot be substituted by natural gas, he said.
LPG imports hit, Govt pushes kerosene, coal as optionsSubscriber Only
March 13, 2026 12:17 IST
Noting that bookings for LPG cylinders have shot up multifold due to misinformation and concern, the government also appealed to consumers to not fall prey to panic and avoid rush-booking of cylinders.
Textile sector should scale up to gain from market access of $465 billion via FTAs, says Union Minister Giriraj SinghSubscriber Only
March 12, 2026 08:18 IST
Textiles Secretary Neelam Shami Rao said in the coming months, there will be roadshows across countries and domestically to invite buyers to source from India.
Equity funds back in favour, gold ETF flows drop: AMFISubscriber Only
March 11, 2026 05:34 IST
Flows into gold ETFs moderated sharply to Rs 5,255 crore after it had more than doubled and crossed flows into equity funds for the first time in January.
Amid West Asian conflict, 4 lakh tonne basmati stuck at ports, in transit: ExportersSubscriber Only
March 4, 2026 09:59 IST
Meanwhile, Commerce and Industry Minister Piyush Goyal said a consultation meeting was held with all stakeholder ministries on Tuesday with key logistics and trade facilitation partners to review the emerging geopolitical situation and its potential impact on India’s exports and imports.
Oil demand to touch new high in FY27 on rising use of key fuelsSubscriber Only
February 16, 2026 05:13 IST
India’s consumption of refined petroleum fuels and products is expected to hit another fresh high in the upcoming financial year — 2026-27 (FY27) — on the back of steady growth in energy use across various sectors of the economy, as per latest government estimates. According to projections by the Petroleum Planning & Analysis Cell (PPAC) […]
From gold, silver to core inflation and back-series: Key themes of new CPISubscriber Only
February 14, 2026 10:09 IST
After years of work, the statistics ministry has finally released the new CPI inflation series. And much has changed.
Gold crashes to Rs 1.36 lakh on MCX on Union Budget day; silver plunges 19%
February 1, 2026 13:58 IST
Gold, Silver Prices Today | Union Budget 2026: Gold prices continued to decline as Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 in the Parliament on Sunday.
Gold slips on firmer dollar, but set for best month since 1980
January 30, 2026 10:08 IST
Prices have risen more than 24% so far in January, heading for a sixth straight month of gains and the largest monthly advance since January 1980.
Gold, silver prices surge to record highs on safe-haven demand
January 20, 2026 05:13 IST
As of mid-January, silver has delivered nearly 30 per cent returns, building on the momentum from 2025.
Gold ETF inflows surge 211% month-on-month to Rs 11,647 crore in December on safe-haven demandSubscriber Only
January 10, 2026 07:19 IST
Indian investors have increasingly turned to gold ETFs as a regulated, liquid, and cost-efficient alternative to physical gold, particularly during periods of volatility across equity and bond markets.
With steep dip in crude price, India oil imports up 2.4%, but bill down 12%Subscriber Only
December 30, 2025 06:26 IST
The country’s net oil and gas imports — crude oil, petroleum products, and natural gas — for the eight-month period were also down over 12 per cent year-on-year in value terms.
Railways launches new policy to boost bulk cement transport; sets freight rate at Rs 0.90 per tonne/kmSubscriber Only
November 19, 2025 00:10 IST
The new rate for bulk cement has been rationalised to Rs 0.90 per tonne per km. Earlier, it was based on different distance bands.
Proposed GST reforms: Lower 18% for small cars, tax on luxury cars may remain highSubscriber Only
August 17, 2025 07:29 IST
At present, bikes with engine capacity of over 350 cc attract a GST rate of 28 per cent along with a cess of 3 per cent, taking the total tax levy to 31 per cent.
1 in 3 US smartphone imports now made in India, China’s lead shrinksSubscriber Only
July 26, 2025 09:33 IST
India’s growing share — now 1 in 3, driven largely by Apple iPhones — comes amid ongoing trade talks with the US. While smartphones are India’s top export to the US by value, President Donald Trump has threatened a 25 per cent tariff on Indian-made iPhones.
India set to ramp up oil imports from Russia, Africa, US and Latin AmericaSubscriber Only
June 24, 2025 08:54 IST
India’s oil sourcing strategy is already reflecting a risk-hedged posture pertaining to West Asian oil flows with Russian oil dominating India’s oil import mix.
RBI hikes loan-to-value ratio on gold loans below Rs 2.5 lakh to 85%Subscriber Only
June 7, 2025 05:44 IST
For gold loans more than Rs 2.5 lakh and up to Rs 5 lakh, the LTV ratio has been set at 80 per cent. For loans more than Rs 5 lakh, the central bank has set an LTV of 75 per cent.
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