8Already battered by rising prices of essentials ranging from fruits and vegetables to edible oil and electricity, record high rates of cooking gas LPG have added to the woes of the common man, especially the lower strata. LPG rates this week were hiked by Rs 50 per 14.2-kg cylinder, taking the total increase in last one year to Rs 244 or 30 per cent.

8Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for its aggression.

8There is little sign that India will ease new windfall taxes on domestic oil production and fuel exports any time soon.

8Union Minister for Chemicals and Fertilizers and Health & Family Welfare Dr Mansukh Mandaviya has reiterated that India has tremendous opportunities in Green Hydrogen in coming future.

A rise in glyphosate prices was reported in Mumbai today.

Chromium metal prices in the Mumbai market registered a fall today.

A significant fall in MDI  b1001 prices in the Delhi market was recorded today.

Paraformaldehyde prices are demonstrating an increase in the Ahmedabad chemical market.

Robust demand has lifted palm wax prices in the Delhi chemical market today.

Carbon Black grade N330 prices were assessed lower in the Mumbai market today.

Titanium wire prices registered a hike in Mumbai.

Zinc oxide prices were much higher in the Mumbai market today.

Hexaconazole (95%) prices registered a rise in the Delhi market today.

Recycled HDPE blow molding (cooking oil bottle ) natural color grade prices in the Mumbai market remained unchanged today.

An elevated trend is noticed in CIIR grade 139 prices.

Low benzene was reported today at Vizag.

Petrochem sources reported a massive fall in styrene monomer prices in the Ahmedabad chemical market.

Cyclohexane prices were assessed lower in the Chennai market.

On July 11, 2022, Petrochem sources confirmed that ethyl acetate prices have fallen sharply in Delhi.

The Indian OMCs continue to lose revenues on MS and HSD sales compared to international prices.
8The OMCs are realising Rs.17/litre lower for petrol and Rs.24/litre lower for diesel vis-à-vis international prices
8The increase in GRMs would compensate the losses due to under-recoveries for OMCs to an extent
But not by much

The IOCL promoted Devangonthi - Chitradurga Greenfield POL Pipeline project has gone through many a twist and turn
8There were some pitched battles too

8ONGC has a Rs 2400 crore drilling programme planned

8Coromandel wins a coveted prize

A clear road map to a hydrogen economy despite the flurry of current activities is paved in stone.
8A hydrogen economy is clearly no viable
8So, how can viability be established
8Here is an analysis that spells it out clearly in terms of what needs to be done

Thankfully for India global urea prices are coming down
8Find out what they are?
8But in some parts, because of market aberrations, prices are still very high
Also, when is an Indian tender due?