India’s diesel and petrol consumption posted a whopping growth of more than 27% in March from a year ago when a countrywide lockdown had washed out fuel demand by 70%.
In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices. Aviation turbine fuel (ATF) price was reduced by Rs 1,887 per kilolitre, or 3 per cent, to Rs 58,374.16 per kl in the national capital, according to a price notification of state-owned fuel retailers.
After borrowing at lowest cost since 2004-05, the Centre is hoping to raise funds at “reasonable” rates during the new fiscal year as it announced plans to complete 60% of the proposed market borrowings by September.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4pjIScL
