News & Bulletin Updates

Crude prices rose on Thursday, recouping some of the previous session's losses on expectations that a meeting of OPEC and its allies later on Thursday would yield output constraint in the face of resurgent COVID-19 infections in some regions.

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Hindustan Petroleum Corporation Limited (HPCL) has acquired the balance 50 per cent equity stake in HPCL Shapoorji Energy Private Limited (HSEPL) from SP Ports Private limited company.

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After raising cooking gas prices by Rs 125 per cylinder last month, state-owned oil firms on Wednesday announced a Rs 10 per cylinder cut in LPG rates on softening international oil prices. A 14.2-kg LPG cylinder -- both for subsidised and market price users -- will cost Rs 809 from April 1 as against Rs 819 currently, Indian Oil Corporation (IOC) said in a statement.

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Ammonia-Urea Energy Saving Project
8Cost - Rs 380 crore
DAP Greenfield Project
8Cost - Rs 200 crore

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8One Rock Phos shipment is coming up on 1 April 2021
8Two Phos acid shipment is coming up on 1 & 5 April 2021
8One Ammonia shipment is coming up on 01 April 2021

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The ceiling price for gas to be produced from difficult fields — which have higher pricing and marketing freedom — has, however, been cut by 10.8% to $3.62/mmBtu. The new prices will be effective for six months starting April 1. 

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The IFFCO management on Wednesday suspended its 11 officials for their alleged negligence leading to a blast in the PSU’s Phulpur plant early this month in which two persons were killed and 14 others injured.

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8Here is a report on how blockchain technology has the capacity to bring about revolutionary changes

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8Now that Amitabh Kant will elevated from his current position, the race for the vacant slot is hotting up
8What is next on this front

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Apr 01, 2021: RFC Urea: Update

8Against huge acceptance in RFC urea tender, DOF has reduced the imported quantities

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8A round up of Mumbai chemical prices as of today

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8We have the complete bulk prices of Mumbai chemical market as of today

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On March 01, 2021, ABS(MIF45) prices were assessed lower in the Mumbai market.

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A revision in benzene prices has been announced by BPCL.

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A Saudi Arabian producer is heard to have announced its offer for LDPE film grade in India.

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A Saudi Arabian producer is heard to have offered its ABS Injection grade in India.

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Middle East major, SABIC, is heard to have announced its offer for polycarbonate in India.

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A Middle East producer offers HDPE Film In India.

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A producer from the Middle East is heard to have announced its offer for LLDPE Film grade in India.

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OPaL announces a revision in PP and PE prices.

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PVC paste grade prices have been revised by Chemplast.

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IOCL has announced a revision in PP and PE prices.

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A revision in PS prices has been announced by Supreme Petrochem Ltd.

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Apr 01, 2021: Revision in PP prices

Prices for PP have been revised by MRPL.

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A revision in PP and PE prices has been announced by RIL.

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