8India's petrol and diesel sales soared in June on the back of the start of cropping season, summer travels and overall pick up in economic activity, preliminary industry data showed.

8GoI has passed on a major chunk of recent tax giveaways on retail fuel sales to producers and refined exports of crude oil.

8Oil prices fell in early Asian trade on Monday, paring gains from the previous session as fears of global recession weighed on the market even as supply remains tight amid lower OPEC output, unrest in Libya and sanctions on Russia.

8Following buying out Oman Oil Company’s shares in the Bina refinery project for about Rs 2,400 crore last year, state-owned Bharat Petroleum Corporation (BPCL) has amalgamated, effective July 1, its wholly-owned subsidiary Bharat Oman Refineries (BORL), with itself.

8The National Accreditation Board for Testing and Calibration Laboratories (NABL) and BPCL came together for the first time to create an innovative training session on "Conformity evaluation of Petroleum Products." Mr. N. Venkateswaran, CEO-NABL, officially launched the first batch of this testing and technical training, which took place from June 27 through June 30 at Sewree, Mumbai.

8The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such as petrol and diesel, as it deregulated one of the last few avenues that were still under its control.

8The decision by the government on Friday to impose special additional excise duty on exports of petrol and diesel has got mixed responses.

8National Fertilizers (NFL) advanced 3.99% to Rs 43.05 after the company's total fertilizer sales jumped 47% to 15.58 lakh MT (metric tonne) in April-June 2022 compared with 10.62 lakh MT recorded during the same period last year.

Petrochem sources reported a drop in butyl acetate prices at Hazira today.

A significant hike inlauric acid prices in the Delhi market was recorded today.

Petrochem sources reported a significant fall in soap noodles prices in the Mumbai market.

Reduced prices for polystyrene sheets were quoted in the Delhi market today.

Zinc oxide prices are demonstrating a robust increase in the metal market.

EPDM grade 6405 prices have escalated in the Mumbai market, today.

Polymeric MDI prices moved higher today in the Ahmedabad chemical market.

PVA prices were quoted significantly lower in the Mumbai chemical market today.

A huge rise in glufosinate-ammonium prices was reported in Mumbai today.

Butyl cellosolve prices moved higher today in the Kandla chemical market.

Petrochem sources reported a rise in MMA prices at Kandla today.

Petrochem sources reported a significant fall in sodium molybdate prices in the Delhi market.

Carbon black grade N220 prices registered a fall in the Mumbai market.

On July 4, 2022, Petrochem sources reported a fall in hydrogen peroxide prices in the Mumbai market.

Isobutylene prices moved higher today in the Delhi chemical market.

Hexaconazole 95%  prices witnessed a significant fall in the Mumbai market today.

Petrochem sources have confirmed a fall in cyclohexanone prices in the Hazira market.