Best Commodity Tips | Natural Gas Prices Can Increase 14%.

Best Commodity Tips | Government may increase the price of Domestic Natural Gas by 14% by October. This decision will increase the cost of electricity and urea as well as an increase in CNG in the country. Sources familiar with the development said that the price of natural gas from October 1 is expected to increase to $ 3.5 million British thermal unit (MMBTU), which is currently $ 3.06.

New prices may be announced on September 28

It is worth noting that natural gas prices are fixed every six months based on the average rates of countries with a gas surplus like the US, Russia, and Canada. Sources said the new prices are expected to be announced on September 28. India imports half of the gas compared to its requirement, for which it has to pay twice as much compared to the domestic prices.

The new price will be applicable from October 1

It is clear from October that natural gas prices are estimated to be worth $ 3.50 per MMBtu for 6 months. It will be the highest level after October 2015 and March 2016, when Domestic Producers was paid $ 3.82 per MMBTU for Natural Gas.

ONGC and RIL will get an advantage

Rudra Investment Best Commodity Expert said that Oil and Natural Gas (ONGC) and Reliance Industries (RIL) will get the benefit of increasing prices. However, it will also see an increase in the prices of CNG in the country, for which natural gas is used as input. This will increase the cost of urea and power generation in the country.

The government has increased the price twice in three years

With this, gas prices have been increased to $ 3.06 per MMBTU for the April-September, 2018, compared to $ 2.89 billion during the last six months. This was the second increase in Natural prices during the last three years. Sources said that the government can also increase the alternative fuel-based price limit for undeveloped gas blocks in inaccessible areas like the deep sea. He said that the existing formula is impractical for such areas.

Best Commodity Tips | Gold Faded From The Weakness Of Rupee

Rudra Investment Best Commodity Tips provider says that the despite the low of International Prices, the brightness of gold in the first half of 2018 has been diminished. Gold is expensive in the country due to the rupee weakening against the dollar. Gold demand in the first half of the current year is less than 6% compared to the same period last year.

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The demand for jewelry in the first half of 2018 was 284.7 tonnes, which is 6% lower on a year-on-year basis. Gold investment demand declined by 9% to 78.6 tonnes.

In the second quarter (April-June) of the current calendar year, the demand for gold in the country is 8% less compared to the same period last year. In the second quarter, gold's global demand also dropped by 4% to 964 tonnes.

However, consumer demand in the world's largest gold market has increased by 7%.

Gold smuggled after the Goods and Services Tax (GST) was implemented in the country, but it did not happen and gold illegal trade is still in progress.

Rudra Investment Best Commodity Tips expert said, "After the GST is implemented, Gold Trade is already doing more compliance. But due to the import duty of 10% higher, gold is coming in an illegal way through the country. "

In June, the sale of gold was declining due to more month (time considered inauspicious for Hindus). After this, farmers started planting sowing due to the start of the monsoon and even less gold was less. In the rural areas of the country, many farmers take loans to purchase items related to farming like seeds by pledging gold instead of buying gold jewelry in the monsoon season.

Free Commodity Tips | LPG Price Hike By 1.76 Rupees

According to the Rudra Investment Free Commodity Tips Provider, Subsidized LPG cylinders increased by 1.76 rupees on Tuesday. It will be priced at Rs 498.02 per cylinder from 12 o'clock in Delhi on Tuesday night. Indian Oil business announces this increase by issuing a statement. Changes in the base price and tax effect on it have increased.

It is to be noted that LPG cylinders are priced in accordance with the average international standard rate of LPG and foreign currency exchange rate, on which basis the financial support amount changes every month. In such a situation, when the international price increases, the government gives more subsidy, but according to the tax rules, the sum of goods and services tax (GST) on LPG is decided only at the market price of fuel. In such a situation, the government can give a portion of fuel price as a subsidy, but the tax is to be paid at the market rate.

This has led to the effect of tax calculation on LPG, which has increased its prices. The subsidized LPG cylinder will be priced at Rs 498.02 in Delhi on Tuesday midnight, which is now Rs 496.26 per cylinder. Significantly, all customers have to buy LPG cylinders at market price. However, the government subsidizes 12 cylinders of 14.2 kg in a year, in which the amount of subsidy goes directly to the consumer's bank account. Earlier, on July 1, the LPG had become expensive for about three and a half rupees.

Oil companies change the base price of LPG on the first date of every month. The impact of global price hike on LPG cylinders was also without subsidy. Its price in Delhi has gone up to Rs. 35.50 per cylinder to Rs. 789.50 per cylinder. In July, its price increased by Rs 55.50 per cylinder.