Commodities

Nayara raises petrol by ₹5, diesel by ₹3 per litre

• Prices rose by ₹5 per litre for petrol and ₹3 for diesel, effective Saturday, October 3
• Nayara operates 7,108 petrol pumps across India
• Fuel price increases may lift inflation pressure, affecting Indian consumers and rate-sensitive sectors

Diesel boom lifts Reliance and Nayara, leaves state-run OMCs bleeding

• Private refiners Reliance and Nayara are cashing in on diesel export margins
• State-run OMCs absorb losses as controlled pump prices meet rising domestic demand
• Refining margins support Reliance Industries, while controlled pump prices pressure listed oil-marketing companies

G7 agrees to release 100 million barrels of oil and fuel over four months

• The release will include crude oil and diesel from emergency reserves
• The four-month release aims to ease fuel shortages and soaring prices
• Lower oil prices could benefit Indian fuel retailers and oil-importing sectors

Petrol, Diesel Prices On October 3: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More

• Global crude crossed $100 amid Middle East tensions
• State-run oil companies kept fuel prices unchanged on October 3
• Crude above $100 pressures margins for Indian oil-marketing companies if pump prices stay unchanged

Today’s Gold Rate in India October 3: Gold prices down in Coimbatore, Nagpur, Visakhapatnam, Surat, Jaipur

• 22- and 24-carat gold prices fell across metro cities on October 3

Drought, fodder crisis push Latur farmers to harvest sugarcane for cattle feed

• Latur farmers are harvesting sugarcane to feed livestock amid a severe fodder crisis and lack of rainfall
• Sugarcane diversion may affect sugar supply and prices, exposing Indian sugar producers

MOIL September production rises to 1.81 lakh tonnes

• MOIL’s provisional September 2026 production was 1.81 lakh tonnes, up from 1.52 lakh tonnes
• Higher output is positive for MOIL, though the report gives no sales or earnings impact

India widens crude sourcing to 43 countries to boost energy security, says top government official

• India has widened crude sourcing to 43 countries to boost energy security
• Broader sourcing supports Indian refiners, including Indian Oil, by reducing dependence on concentrated supply

From fields to fuel: Andhra’s Rs 1 lakh cr push to make farm waste a new energy source

Copper boom stocks: Hindustan Copper, Vedanta Aluminium, Hindustan Zinc, Vedanta, NALCO - Experts views on metal shares

• Rising demand and limited supply are expected to sustain long-term copper prices, benefiting non-ferrous stocks
• A sustained copper boom could support Hindustan Copper, Vedanta and NALCO

100M oil barrels to hit markets: G7 makes big move after Trump’s diesel export ban threat

G7 to release 100 million barrels of oil reserves through IEA

• The co-ordinated release includes frontloaded diesel supplies to stabilise global energy markets
• Lower crude and diesel prices could ease costs for Indian refiners and fuel retailers

US-Iran war news LIVE: Two oil tankers attacked in Strait of Hormuz by 'unidentified projectiles,' says UKMTO

• UKMTO said two oil tankers were struck by unidentified projectiles in the Strait of Hormuz
• The agency made the statement on Friday, local time
• Higher crude-price risk could pressure Indian oil-marketing companies and benefit upstream producers

LPG consumption down, diesel & petrol sales up in September

'Oil's' well in September: How India kept crude flowing amid the energy crisis

• India's crude oil imports hit a significant high in September
• Gulf nations boosted supplies; Iraqi and Kuwaiti supplies were reintroduced
• More crude supply may support Indian refiners, including Indian Oil

India Mulls Commodity Derivatives Changes to Boost Liquidity

Oil shock bypasses petrol pumps, hits Indian businesses through raw-material costs

• Oil shock is hitting Indian businesses through higher industrial raw-material costs, not petrol pumps
• Rising input costs pressure margins at Indian manufacturers and consumer-goods companies

In Graphics: How the cost of Iran war piled up

• India paid more for crude oil despite importing less as prices rose
• Higher import costs can pressure Indian oil marketing companies

India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risks

• Crude imports rose to a 2026 high of 5.26 million barrels per day in September
• Gulf supplies surged despite Strait of Hormuz risks
• Higher crude imports expose Indian refiners and fuel retailers to oil-price and currency swings

Why rising exports aren’t easing oil market fears

Crude oil tanker struck by unknown projectile off Oman, UKMTO says

Oil falls $2 as Europe agrees to release diesel reserves after Trump push

• Brent fell 1.76% to $100.50 a barrel after Europe agreed to release additional diesel stockpiles
• WTI dropped 2.18% to $90.85
• Lower crude prices can ease costs for Indian oil-marketing companies and fuel-intensive sectors

Gold and silver price today, Oct 3: Check retail rates of 24K, 22K gold and 999 silver in your city ahead of Durga Puja

• Gold and silver prices remained stable in India on October 3, with slight fluctuations

Gold rate today (October 3, 2026): Check 24k, 22k, 20k, 18k gold jewellery prices from IBJA, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and Tanishq

Europe agrees to release diesel stockpiles, sending oil prices down more than 4%

• European leaders agreed to release some diesel stockpiles on Friday
• Oil prices fell by more than 4%
• Lower oil prices can ease input costs for Indian fuel retailers, refiners and transport companies

Global food prices reach near four-year high in September amid supply disruptions

• The UN FAO said global food prices hit their highest level in nearly four years
• Trade disruptions and adverse weather drove the rise
• Higher food costs may pressure Indian food companies and complicate inflation trends for consumer businesses

Gold, silver prices on October 3: Check latest rates in Delhi, Mumbai, Kolkata, other cities

India auctions two maiden mineral blocks in J&K for estimated limestone

• India auctioned two maiden mineral blocks in Jammu & Kashmir for estimated limestone
• The Mines Ministry called the auction an important step towards unlocking Jammu & Kashmir’s mineral potential
• New limestone supply may benefit Indian cement producers and mining companies

Mines ministry auctions 2 J&K limestone blocks to spur mineral development

• The Koot-Kapran and Wantrag blocks in Anantnag have estimated limestone resources of 4.75 million tonnes and 10.853 million tonnes, respectively

Drought fears escalating: How 13% rain deficit threatens crop yields & food inflation

African nations begin to stock up rice on El Nino fears, Ukraine and Iran wars

• Ships are waiting to load rice consignments in almost all Indian ports, exporters said
• Higher export demand could support Indian rice exporters and agricultural commodity prices

WTI Whipsaws as Gulf Supply Improves and Middle East Risk Returns

Beyond the gas pump: How much oil do we really consume?

EXCLUSIVE: OPEC+ delays oil capacity review after Iran war disrupts expansion plans, sources say

Gold, silver rise as weak payrolls cut Fed-hike odds - Kitco AM Report

Trump weighs diesel export ban; Macron rallies G7 leaders over surging energy prices — inside transatlantic energy clash

• Macron plans a G7 leaders’ call on surging fuel prices as the US pressures allies to release diesel stocks
• Oil price swings affect Indian oil marketing companies and fuel consumers