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Commodity Market, Commodities News Today | The HinduBusinessLine

India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy
Petrol crosses ₹107 mark, diesel above ₹93 in Jaipur afte...
2026-05-15 · via Commodity Market, Commodities News Today | The HinduBusinessLine

Petrol prices in Rajasthan's Jaipur rose to ₹107.97 per litre, and diesel prices climbed to ₹93.23 per litre on Friday after the Centre hiked fuel prices by ₹3 per litre across the country amid the ongoing global energy crisis triggered by the West Asia conflict.

Following the hike, petrol prices in Jaipur increased by ₹3.25 from ₹104.72 per litre, while diesel prices rose by ₹3.02 from ₹90.21 per litre. In New Delhi, petrol prices rose from ₹94.77 to ₹97.77 per litre, while diesel prices increased from ₹87.67 to ₹90.67 per litre. The fuel price revision comes amid growing concerns over global energy supplies due to tensions in West Asia and disruptions in the Strait of Hormuz, a key maritime trade route for crude oil transportation.

Brent crude oil prices have remained above $100 per barrel following the ongoing conflict involving the US, Israel and Iran since February this year. The widening regional conflict has impacted fuel markets as several West Asian countries are major energy suppliers.

Despite the global volatility, the Centre earlier maintained that India has sufficient fuel reserves and uninterrupted energy supplies. On May 12, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said India ensured stable fuel prices and uninterrupted energy supplies despite rising global crude prices and supply disruptions. The minister had said there had been no reports of fuel shortages in the country and that refineries were operating at optimum levels.

The decision comes after Prime Minister Narendra Modi recently made seven appeals to citizens to strengthen economic resilience by reducing dependence on imported fuel and adopting environmentally sustainable alternatives amid the ongoing West Asia conflict. PM Modi urged people to prioritise work from home, reduce fuel consumption and avoid foreign travel for a year, adopt Swadeshi products, cut cooking oil usage, shift towards natural farming and curb gold purchases.

To tackle volatility in global fuel prices, the Prime Minister also called for changes in transportation habits. He appealed to citizens to reduce petrol and diesel consumption by using metro services and public transport wherever available, opting for carpooling when private vehicles are necessary, preferring railways for goods transportation and increasing the use of electric vehicles wherever possible.In line with the appeal, Delhi Chief Minister Rekha Gupta on Thursday ordered curbs on the use of official vehicles by ministers, MLAs and other public representatives.She also urged Delhi residents to adopt carpooling and use public transport to reduce fuel consumption.

Published on May 15, 2026