Commodities

India launches its first LNG-powered train as Railways targets zero diesel use by 2030

• Amit Shah flagged off India’s first LNG-powered train at Sabarmati Railway Station
• Railways’ diesel consumption has fallen 63% since 2015-16
• The LNG shift and railway investment matter to Indian Railways and natural-gas suppliers

Gold and silver prices fall in Indian retail markets

• Gold and silver prices saw a sharp drop in early trading on September 28
• Gold prices were down across metro cities on September 26

Trump says US is ‘very seriously’ considering diesel export ban to tackle high prices

• The US is seriously considering a diesel export ban amid fuel disruptions and strong overseas demand
• A US export ban could tighten global diesel supply, affecting Indian refiners and fuel users

NMDC commissions ₹5,427 cr iron ore processing project in Chhattisgarh

• NMDC commissioned a ₹5,427 cr integrated iron ore processing project in Chhattisgarh
• Project includes a 135-km slurry pipeline and a 2 MTPA pellet plant at Nagarnar
• The capacity addition is relevant to NMDC and Indian steelmakers reliant on domestic iron ore supply

Petrol, diesel prices today, September 28: How much does fuel cost in Delhi, Mumbai, Bengaluru?

• Oil prices rose more than 1% on Monday after Trump rejected Iran's peace deal
• Higher crude prices may pressure Indian Oil and other fuel retailers if pump prices remain unchanged

Brent crude rises above $106 as Trump rejects Iran’s proposal

• Brent crude was $106.59, up 2.18%, at 9:35 am Monday
• WTI November futures were $94.14, up 1.87%
• Higher crude raises cost pressures for Indian oil marketers, airlines and paint companies

Oil rises as Iran holds to Strait of Hormuz proposal rejected by Trump

• Oil rose as Iran stuck to its seven-day proposal to reopen the Strait of Hormuz
• Trump rejected Iran’s proposal, threatening further delays in reopening the strait
• Higher crude prices pressure Indian oil marketers and raise costs for fuel-consuming sectors

Oil rebounds after Trump rejects Iran peace deal

Gold drops more than 1% on US rate-hike bets

Crude Oil Prices Rise 1% After Trump Rejects Iran Peace Proposal; Brent Near $98, Hormuz In Focus

• WTI fell 2.3% to settle at $92.41 a barrel
• Brent crude rose 1% after Trump rejected Iran's peace proposal; it was near $98
• Higher crude prices raise fuel-cost risks for Indian oil marketers, refiners and airlines

Hormuz Tensions: Iran Hits Back At US Over Strait Control, Points To Oil Price Premium

• Iran proposed a seven-day plan to reopen the Strait of Hormuz; Trump rejected Tehran's conditions
• Oil prices remain elevated amid tensions over control of the strait
• Elevated crude prices raise input-cost risks for Indian oil marketing companies and airlines

Oil Price Today (September 28): Crude oil gains to $106 as Trump rejects Iran deal. Where are prices headed?

• Brent rose $1.65, or 1.50%, to $106 a barrel
• WTI gained 99 cents, or 1.10%, to $93.40 a barrel
• Higher crude prices raise cost pressures for Indian oil marketers, refiners and airlines