In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices.

Indian state refiners may seek a smaller purchase deal for Saudi oil next year to pressure the kingdom into altering some of the contractual terms ‘unfavourable’ to the buyer, a person with direct knowledge of the matter said.

Oil prices rose on Thursday on optimism about the strength of U.S and European economies and hopes that OPEC and its allies will keep production curbs in place.

The domestic natural gas price notified at $1.79 per unit for the first half of 2021-22, lowest since the institution of the modified Rangarajan formula, is unfavourable for domestic oil and gas producers and will significantly impact their financial performance, according to ICRA.

OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, after the new U.S. administration called on Saudi Arabia to keep energy affordable for consumers.

India’s eight major industries’ output plummeted during February 2021, official data showed on Wednesday.

8A new chairperson and a member has been appointed for PESB

8The company says no prices changes even as everything around is on fire

8Two NPK supply tenders are out

8The board of directors have approved the sale of a fertilizer plant
8Find out what is happening

Ammonia Greenfield Project
8Cost - Rs 2773 crore
Phosphoric Acid Greenfield Project
8Cost - Rs 10 crore

8FACT market capitalization posts new all-time high

Price changes in HDPE and LLDPE as of April 2, 2021, in the Kolkata polymer market have been reported by our Petrochem analysts.

Phosphoric acid prices have increased in the Mumbai market.

An increase in PVC imported and RIL K6701 grade prices has been noted on April 2, 2021.

Price changes in the Mumbai polymer market have been reported by our analysts.

Petrochem analysts have reported price changes in HDPE and LLDPE in the Delhi polymer market on April 2, 2021.

On April 2, 2021, moderate buying activities were reported by our Petrochem analysts in the polymer markets of Chennai.

On April 02, 2021, ABS(MIF45) prices were assessed lower in the Mumbai market.

On April 2, 2021,Cyclohexanone prices drifted lower in the imported market of Kolkata.

The international crude oil price of Indian Basket was quoted at around $63.42 per barrel on March 02, 2021.

On April 2, 2021, ABS (HI121H) prices were assessed lower in the imported market of Mumbai.

Contract price for SM in the European markets has been settled for April, 2021.

MX prices have increased in the Mumbai and Kandla market.

A revision in caustic soda lye prices has been announced at JNPT.