“Some of the increase was offset by decrease in exports petroleum products, iron ore, and leather and leather manufactures over 2019-20,” the commerce and industry ministry said.
Oil slumped below $65 a barrel as the U.S. Federal Reserve signaled that it was set to start tapering asset purchases within months, hurting commodities and supporting the dollar.
Crude prices rose after the U.S. Energy Information Administration reported a 3.2 million barrel drop in crude inventories in the week ended Aug. 13. By comparison, the American Petroleum Institute reported production of just 400,000 barrels in the previ
As diesel prices see reduction for the second consecutive day, petrol prices haven t seen any relaxation for 33 days in a row now and remain unchanged.