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2022 September 4 Business News

2022 September 4 Business News
2022 September 4 Business News

Last August, petrol sales in our country increased by 5.8 percent to 28.1 lakh tonnes. Also, diesel sales declined by 4.9 percent to 61.1 lakh tonnes. In July 2022, 26.6 lakh tonnes of petrol and 64.2 lakh tonnes of diesel were sold. According to the statistics published by the government, the sale of aviation petrol has increased more than 2 times to 5.41 lakh tonnes in the month of August.

Coal India said that thermal power plants currently have about 3 crore tonnes of coal in stock, including imported coal, to allay fears of a coal shortage during the monsoon season. Also, Coal India has supplied 24.33 crore tonnes of coal to thermal power plants in the 5 months up to last August.

Cooking oil

The Union Finance Ministry has extended concessional import duty on cooking oil for another 6 months till March 2023. The move by the Union Finance Ministry is aimed at increasing domestic supply and keeping prices under control. In the notification of the Central Board of Indirect Taxes and Customs, it has been informed that there will be no change in the current tax system on edible oil including crude palm oil till 31st March 2023.

Foreign exchange

India’s foreign exchange reserves declined by $300 million to $56,104 million in the week ended August 26, Research Bank of India said. Of this, the value of gold in stock is 3,964 crore dollars. From last April to last week, our country has lost 4,500 crores of foreign exchange. Meanwhile, RBI said that the pace of foreign exchange depreciation has slowed down.

The article is in Tamil

Tags: September Business News

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