Average diesel price

OPEC to ease production curbs to fulfill their promise of stable oil prices . Though the average price of crude oil India imports was less than USD 50 per barrel between April and December 2020 and comparable to 2019-20 average rate of USD 60.47 in months thereafter, petrol and diesel prices are at a historic high now as the government has so far not rolled back the taxes it levied when prices plummeted almost a year back. The record taxes coupled with international rates returning to pre-COVID levels on resurrecting demand have meant that petrol has crossed Rs 100 mark in some places in Rajasthan, Madhya Pradesh and Maharashtra. Speaking at the CERAWeek conference by IHS Markit , Oil Minister Dharmendra Pradhan said India, where fuel demand is recovering to pre-pandemic levels, wants reasonable and responsible oil prices. India, the world's third-biggest oil importer and consumer, had supported the decision of the oil producers' cartel OPEC and its allies to cut ... » Learn More about India asks OPEC+ to fulfill promise of stable oil prices

Video Player Close ROME, March 4 (Xinhua) -- World food prices continued to climb for the ninth consecutive month in February, the United Nations Food and Agriculture Organization (FAO) reported Thursday. The FAO Food Price Index, which tracks monthly changes in the global prices of food commodities, rose 2.4 percent higher in February from the previous month, and 26.5 percent higher from a year ago. The overall index is at its highest level since July 2014, led by big gains in prices for vegetable oil and sugar. The cereal price index rose an average 1.2-percent from January. Sorghum prices rose the most in February, climbing 17.4 percent during the month and up 82.1 percent over last year. FAO said the biggest factor behind the rise was strong demand from China. Corn prices rose just 0.9 percent in February but were still up 45.5 percent from the previous year. Wheat prices were stable in February, FAO said. The dairy price index climbed 1.7 percent for the month, ... » Learn More about Food prices gain again, with oil and sugar reaching multi-year highs: FAO index

The two sessions starting Thursday will discuss the 14th Five-Year Plan (2021-25) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035, which has drawn widespread attention at home and abroad since it was proposed by the top authorities in late October. According to the proposal, China is likely to become a medium-level developed country in terms of per capita GDP by 2035. As President Xi Jinping said in a statement on the proposal: "It is entirely possible for China to meet the current high-income countries' standards by the end of the 14th Five-Year Plan (2021-25) and to double the economic aggregate or per capita income by 2035." Nation on road to achieving target Economists have little doubt that China will become a high-income country, based on current standards, by the end of the 14th Five-Year Plan. According to World Bank criteria, a country with per capita gross national income of $12,535 is defined as a high-income ... » Learn More about China has potential to realize 2035 goal

The concept “lucid waters and lush mountains are invaluable assets” was written into the report that President Xi Jinping delivered in 2017 at the 19th CPC National Congress, making it an important part of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. This has clarified the relationship between development and environmental protection—where protecting the ecological environment is protecting productivity and improving the ecological environment is developing productivity. According to the communique of the fifth plenary session of the 19th CPC Central Committee, China should continue to uphold the concept of “lucid waters and lush mountains are invaluable assets,” optimize the layouts of the territorial space, improve supporting policies on ecological functional zones, attach great importance to protecting the ecological environment and providing more quality eco-products, establish a value realization mechanism for eco-products, improve market-based and ... » Learn More about Promoting the value of eco-products with ‘green GDP’