Food Safety and Standards (Food Products Standards and Food Additives) Regulation, 2011 permits admixture of any two edible vegetable oils where proportion by weight of any vegetable oil used in the admixture is not less than 20 per cent.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
The gas producing well blew out on May 27. It exploded into a massive inferno on June 9. OIL also plans to come up with relief well in the vicinity. Mishra, while addressing media persons virtually on Tuesday, said: “Things are under control at well site. We have managed to divert the gas and there is no fire at the blow out well.”
Globally, West Texas Intermediate crude oil was trading 0.91 per cent lower at USD 40.23 per barrel, while Brent crude was quoting 0.75 per cent lower at USD 42.11 per barrel in New York.
Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.
Speaking at a conference on the 'Energy Security Towards Atmanirbhar Bharat', Oil Minister Dharmendra Pradhan said India is now importing crude oil from over 30 countries, including from Africa, North and South Americas as well as Southeast Asia.
Here is how SMC Global expects commodities to fare today.
Petrol demand has been flat in the state during the ongoing coronavirus crisis, though the same has increased by 1 per cent in the current month, IOC executive director Pritish Bharat said.
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