The fuel prices are the highest in Maharashtra due to the heavy VAT levied on them. The Maharashtra Congress said the fuels have now become befitting gifts for weddings.
Steel demand in China improved in March as construction activities picked up amid warm weather
Heftier cuts by Saudi Arabia and Angola helped offset weaker compliance by other members that agreed to limit their output. Compliance by Russia still remains weak.
Oil and Natural Gas Corp (ONGC) had to pay Gujarat Rs 8,392 crore and Assam Rs 1,404 crore in royalties for the period between April 1, 2008 and January 2014.
Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as the OPEC output cut slashes supply.
The move aims to enhance the efficiency in utilisation of domestic coal.
Jeera common and jeera best quality also declined by Rs 100 each to conclude at Rs 18,400-18,600 and Rs 20,500-21,000 per quintal.
"Given our unchanged 1.5 million barrels per day growth forecast for 2017, this higher base demand level should fully offset higher US output."
Cash crunch in the system in the wake of demonetisation also impacted the inbound shipments.
The output is expected to be down due to fall in acreage to 11.88 lakh hectare in 2016-17 from 13.20 lakh hectare in the last year.
The non-coal mining auction process, which started at the beginning of 2016 have received a tepid response from the industry with only 21 mines successfully auctioned till date.
Officials said that this was being done “consciously” to project Jharkhand as a state that had to offer much more than coal mining or heavy industries, a perception created for the state over the years.