Import of fuel-grade Petcoke was slow during 2021 due to high price and tightness in supply. But in the near past, fuel-grade Petcoke is again becoming competitive to coal and its users are switching from coal.
Pradhan, who was speaking as the chief guest at the 67th Convocation of the premier institute which was held in a hybrid format, said there is also a need for exploring alternative energy at a time when the country is spending crores of rupees for importing crude oil.
Across the country as well, the prices largely remained unchanged on Tuesday but the retail rates varied depending on the level of local taxes.
The local currency opened strong at 74.10 against the dollar and rose to an intra-day high of 74.01 against the dollar and fell to an intra-day low of 74.26 during the trade today.
The livestreamed sale will invite energy companies to bid on drilling leases across some 136,000 square miles, about twice the area of Florida.
The Indian currency oscillated between 74.28 to 74.35 against the dollar during trade today.
The local currency oscillated in a range of 74.36 to 74.54 against the dollar during trade today.
The local currency had slumped 32 paise to close at 74.37 against the dollar on Wednesday.
Both central government and states reduced tax on fuel on the eve of Diwali, while BJP-ruled states announced a further tax cut today.
The local currency rose to an intra-day high of 74.84 against the dollar and fell to an intra-day low of 75.07.
The local currency opened at 74.78 against the dollar at the interbank foreign exchange market on Friday. It rose to an intra-day high of 74.74 and fell to an intra-day low of 74.98 against the dollar during trade on Friday.
The local currency opened at 75.05 higher than yesterday's close. It touched an intra-day high of 74.95 against the dollar and a low of Rs 75.17. Eventually, it closed the day at 74.96 against the greenback. It had slipped 18 paise to close at 75.08 on Monday.
During Monday's trade, the rupee rose to an intra-day high of 74.97 against the American dollar and fell to a low of 75.10. Eventually, closing the day at 75.08
The local currency saw an intra-day high of 74.54 and an intra-day low of 74.99 against the dollar before closing at 74.98 against the dollar.
Inflation in the United States is headed on an easing trajectory, inflation in August 2021 receded to the smallest increase in the last seven months
The fuel will arrive in the country indirectly through trucks via a Syrian port. It is believed that Hezbollah did this to save embarrassment to the Lebanese State.
The Nikkei 225 in Tokyo gave up just over 2.0% to 28,508.55 while Hong Kong's Hang Seng declined 1.7% to 28,655.76.
Oil Minister Dharmendra Pradhan had on Wednesday blamed output cut by oil-producing nations for the rally in international oil prices that have translated into higher retail rates in India.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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