Tag Archives: prices

Keeping a close watch on petrol and diesel prices, says Pradhan

Oil minister Dharmendra Pradhan remained non-committal on Thursday on cutting excise duty on petrol and diesel, which have touched record highs, saying the government was keeping a close watch on the situation. Petrol price rose to Rs 71.56 per litre in Delhi on Thursday, the highest since August 2014. Rates in Mumbai are almost touching Rs 80. Diesel prices soared ... Read More »

Global Cues Lift Gold Prices To 7-Week Highs

Sustained buying by local jewellers kept gold prices elevated, traders said. New Delhi: Rising for the third straight day, gold prices jumped by Rs. 100 to trade at a seven-week high of Rs. 30,750 per 10 grams at the bullion market on Saturday amid a firm trend overseas and local buying push. Silver too gained Rs. 100 to Rs. 39,900 per kg, backed by increased offtake by industrial units ... Read More »

China Home Prices Stop Three-Month Drop as Market Stabilizes

Chinese home prices rose in more cities in October, snapping a three-month decline, a sign the market is stabilizing amid government efforts to curb property speculation. New-home prices, excluding state-subsidized housing, climbed in 50 of the 70 cities tracked by the government, compared with 44 in September, the National Bureau of Statistics said on Saturday. Prices fell in 14 cities ... Read More »

Oil prices continue downward trend triggered by Harvey

With the largest refinery in the United States closed Wednesday, crude oil prices continued to bear the brunt of Tropical Storm Harvey. “At 5 a.m., Motiva began a controlled shutdown of the Port Arthur refinery in response to increasing local flood conditions,” the company said in a statement emailed to UPI. “Return to service is contingent upon recession of flood ... Read More »

Petrol, Diesel Prices Poised For A Cut. How Much Could You Save

Your visit to a fuel station to fill up petrol or diesel after the 15th of this month may leave you surprised: your bill might be less than you think. Global fuel prices have fallen over the past fortnight while the rupee has remained stable. Oil marketing companies like Indian Oil (IOC) and Hindustan Petroleum (HPCL) have already passed on ... Read More »

Plunging oil prices show OPEC has lost its grip on the market

OPEC is widely expected to extend production cuts that initially boosted oil futures above $50, but prices just keep falling. That raises concerns that oil prices could struggle to return to their 2017 highs in the mid and upper $50s even if the Organization of the Petroleum Exporting Countries carries over the output reductions through the second half 2017 when ... Read More »

Yogurt firm warns on higher milk prices

Danone, the world’s largest yogurt maker, has said it expects a “steep rise” in milk prices this year. The French firm, which makes Activia and Actimel yogurts, said the increase would weigh on profits, but did not say if it would need to raise prices. Danone also said it was implementing cost cuts worth 1bn euros (£850m). Milk prices will ... Read More »

Oil extends losses as gasoline weighs down prices

Oil prices fell on Tuesday, pressured by sluggish demand and evidence of a burgeoning revival in U.S. shale production that could complicate efforts by OPEC and other producers to reduce a supply glut. Benchmark Brent crude LCOc1 was down 80 cents at $54.92 a barrel by 11:31 EST (1531 GMT). On Monday, the Brent futures contract closed down $1.09 a ... Read More »

Australia predicts dramatic fall in iron ore prices

Shares in Australian mining companies have fallen after the government forecasted a dramatic decline in iron ore prices. The government forecast an iron ore price of $46.70 a tonne by 2018, almost half the current level of $80. The current price is supported by resurgent demand from China. But the Department of Industry, Innovation and Science said that demand was ... Read More »

China’s November home prices show government curbs starting to cool sharp rally

China’s property market slowed further last month, with average new home prices in the nation’s 70 major cities cooling from October as a raft of government curbs appeared to discourage speculative demand. New home prices rose 0.6 percent month-on-month, slowing from October’s 1.1 percent, according to Reuters calculations from data issued by the National Bureau of Statistics (NBS) on Monday. ... Read More »