diesel

Indian refiners maximise: Fuel exports hit 1-yr high as robust margins, Russia diesel export ban help

The July export shipment volume was the highest recorded for the month since Kpler began tracking the data in 2017. Amid the ongoing US-Iran conflict, India’s fuel exports have hit a 1-year high. Exports of refined petroleum products climbed to a one-year high in July, supported by strong diesel refining margins, Russia’s ban on diesel…

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‘Likely to mislead’: FSSAI bars Dabur from selling products with ‘100%’ guarantee claims

Food regulator FSSAI prohibited Dabur from selling many products. The Food Safety and Standards Authority of India (FSSAI) has prohibited Dabur India from selling several food products carrying “100 per cent” claims, saying such labelling are “ambiguous, unverifiable” and “likely to mislead consumers”.In a post on social media on Monday, the food regulator said it…

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oil price today

Oil rebounds from three-week low as Hormuz tensions keep supply fears alive

Oil prices rebounded modestly on Tuesday after posting their biggest single-day decline in weeks in the previous session.Benchmark oil prices extended their recovery, with Brent crude climbing $0.49, or 0.58%, to $84.26 a barrel, while WTI crude advanced $0.41, or 0.51%, to $80.75 a barrel around 7:20 am IST.The rebound followed Monday’s 7% slide, which…

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Free is the most expensive word in public policy: Nageswaran

CHENNAI: Flagging that “free is the most expensive word in public policy”, chief economic adviser (CEA) Anantha Nageswaran said infrastructure built on the promise of free or below-cost services cannot attract patient capital. “What makes infrastructure worthy of patient capital? There are three conditions: quality infrastructure, contract certainty, and policy certainty. And the fourth, which…

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