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Petroleum and natural gas minister hints at impending fuel price hike

Petroleum and natural gas minister hints at impending fuel price hike

India Weighs Fuel Price Hike and Import Curbs as Oil Surge Strains Forex Reserves

India Weighs Fuel Price Hike and Import Curbs as Oil Surge Strains Forex Reserves

Strait closure chokes bunker fuel supply, hits shipping lines

Strait closure chokes bunker fuel supply, hits shipping lines

Iran-Israel war LIVE: Trump says stopping Iran's nuclear program outweighs Americans' economic pain

Iran-Israel war LIVE: Trump says stopping Iran's nuclear program outweighs Americans' economic pain

Oil prices snap 3-day rally ahead of Trump-Xi talks; Hormuz risks persist

Oil prices snap 3-day rally ahead of Trump-Xi talks; Hormuz risks persist

India set to scale back Russian oil imports if US waiver lapses

India set to scale back Russian oil imports if US waiver lapses

Europe’s Gas Industry Seeks Relief From Storage Mandates

Europe’s Gas Industry Seeks Relief From Storage Mandates

Petrol, diesel price hike in India a matter of time if Middle East conflict persists: RBI Governor Sanjay Malhotra

Petrol, diesel price hike in India a matter of time if Middle East conflict persists: RBI Governor Sanjay Malhotra

Global oil supply to plunge below demand this year on Iran war, IEA says

Global oil supply to plunge below demand this year on Iran war, IEA says

Chinese Oil Tanker Tests Safe Passage Through Strait of Hormuz

Chinese Oil Tanker Tests Safe Passage Through Strait of Hormuz

Russia Sees Flat Oil Output This Year amid Ukraine Fightback

Russia Sees Flat Oil Output This Year amid Ukraine Fightback

Oil prices dip ahead of US President Trump’s visit to China

Oil prices dip ahead of US President Trump’s visit to China

[SMM Analysis] After Sulfur Breaks Through $1,200: How Far Is the Ceiling?

[SMM Analysis] After Sulfur Breaks Through $1,200: How Far Is the Ceiling?

Diesel crunch leaves Indian truckers stranded in roadside lines

Diesel crunch leaves Indian truckers stranded in roadside lines

Hormuz shipping disruption continues as Trump rejects Iran peace proposal

Hormuz shipping disruption continues as Trump rejects Iran peace proposal

Fitch Ratings Raises Its Near-Term Oil and European Gas Price Assumptions

Fitch Ratings Raises Its Near-Term Oil and European Gas Price Assumptions

European natural gas prices gain amid fading hopes for U.S.-Iran peace deal

European natural gas prices gain amid fading hopes for U.S.-Iran peace deal

Renewable energy central to India’s industrial competitiveness: Pralhad Joshi

Renewable energy central to India’s industrial competitiveness: Pralhad Joshi

Copper Rallies to Fresh All-Time High

Copper Rallies to Fresh All-Time High

India's PM Orders 50% Slash in Motorcade Size to Save Fuel

India's PM Orders 50% Slash in Motorcade Size to Save Fuel

Latest Market News

Daily Report News

SMM: Analysis of Japan's Secondary Copper Market — Future Market Outlook and Countermeasures

SMM: Analysis of Japan's Secondary Copper Market — Future Market Outlook and Countermeasures

Japan's copper scrap market is a competitive seller's ecosystem. Ex-China buyers need long-term partnerships. Japan leads in quality ($8,112/mt average export price). Domestic smelter consumption rises, while exports and processing usage (down 8% by 2025) decline, tightening global supply.

Delhi NCR Mega Township Plans Accelerate

Delhi NCR Mega Township Plans Accelerate

Infrastructure & Construction

UP accelerates New Noida groundwork, committing over ₹80,000 crore for land compensation. This mega-township, driven by industrial growth and Noida Airport, aims to create a new economic belt. First phase allocation: ₹8,000 crore.

1012

Delhi NCR Storms Disrupt Urban Mobility

Delhi NCR Storms Disrupt Urban Mobility

Energy & Petroleum

Powerful storms hit northern/eastern India, disrupting transport, damaging power infrastructure, and causing casualties in Uttar Pradesh. IMD issued alerts for 16 states, with winds exceeding 100 kmph, highlighting urban vulnerability and need for resilient infrastructure.

67

Chennai Bullet Train Vision Raises Urban Stakes

Chennai Bullet Train Vision Raises Urban Stakes

Infrastructure & Construction

India's proposed high-speed rail, notably Hyderabad-Chennai, aims to cut travel to under 3 hours from 12+. This vision could reshape urban growth, economy, and mobility, balancing speed with sustainability and inclusive planning.

Thiruvananthapuram Port Tunnel Tender Gains Momentum

Thiruvananthapuram Port Tunnel Tender Gains Momentum

Konkan Railway initiated tendering for a 9.5 km rail corridor, including a 9 km tunnel, connecting Vizhinjam Seaport. Valued over Rs 900 crore with a three-year target, it promises enhanced logistics and port-led growth for southern Kerala.

Hyderabad Bengaluru Bullet Train Could Cut Flight Dependence

Hyderabad Bengaluru Bullet Train Could Cut Flight Dependence

Infrastructure & Construction

Plans for the Bengaluru-Hyderabad bullet train are advancing, aiming to cut travel time to two hours. This high-speed corridor seeks to reduce flight dependence, boost regional economy, and support sustainable transport, despite financial and environmental challenges.

1116

Hyderabad 5G Expansion Deepens Digital Infrastructure Shift

Hyderabad 5G Expansion Deepens Digital Infrastructure Shift

Hyderabad's 5G rollout by Vodafone Idea enhances digital infrastructure, boosting urban growth and smart services. Prioritizing high-consumption zones, it promises faster speeds, lower latency, and broader expansion by May 2026.

Hyderabad Flood Drill Signals Monsoon Preparedness Push

Hyderabad Flood Drill Signals Monsoon Preparedness Push

Hyderabad will conduct a large-scale flood drill on May 18 at Necklace Road, involving ~60 agencies, to boost monsoon preparedness. This exercise aims to test emergency coordination and response efficiency amid growing urban flooding concerns and climate extremes.

127

Amid US-Iran tension, two India-bound LPG vessels sail past Strait of Hormuz, report

Amid US-Iran tension, two India-bound LPG vessels sail past Strait of Hormuz, report

Energy & Petroleum

Amid US-Iran tension, two India-bound LPG vessels, Symi and NV Sunshine, successfully navigated the Strait of Hormuz, a critical waterway for 20% of global crude oil. This occurs as the region faces an unprecedented energy crisis.

35

Mumbai EV Charging Summit Highlights Infrastructure Shift

Mumbai EV Charging Summit Highlights Infrastructure Shift

Energy & Petroleum

Mumbai will host the India EV Charging Infrastructure Summit 2026, focusing on scalable, interoperable charging solutions, battery swapping, and renewable energy integration. This aims to overcome adoption barriers, support India's expanding EV market, and attract significant investments.

49

Raw Materials Prices

Speed

Secondary TMT

Fe 500

12 to 25mm

EX - Raipur

Sangam

Secondary TMT

Fe 550D

12 to 25mm

EX - Chandrapur

MOIRA

Secondary TMT

Fe 550

12mm

EX - Wada

GAJKESARI

Secondary TMT

Fe 500

12mm

EX - Jalna

BHAGWATI

Secondary TMT

Fe 500

12mm

EX - Nashik

VIBRANT

Secondary TMT

Fe 500

12mm

EX - Ahmedabad

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