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Diesel price in Delhi scales new high after 25 paise increase

Austria's central bank expects inflation of 0.8 pct in 2020

BERLIN, July 7 (Reuters) – Inflation in Austria will fall to 0.8 percent this year hurt by a steep drop in the oil price and falling demand due to the coronavirus pandemic, the Austrian National Bank said on Tuesday.

The central bank expects the harmonised index of consumer prices (HICP) to creep back up to 0.9 percent in 2021, and rise to 1.5 percent in 2022. (Reporting by Caroline Copley Editing by Riham Alkousaa)

WHO doesn't see bubonic plague in China as high risk, spokeswoman says

GENEVA (Reuters) – The outbreak of bubonic plague in China is being “well managed” and is not considered to represent a high risk, a World Health Organization (WHO) official said on Tuesday.

Local authorities in a city in the Chinese region of Inner Mongolia issued a warning on Sunday, one day after a hospital reported a case of suspected bubonic plague. It followed four reported cases of plague in people there last November, including two of pneumonic plague, a deadlier variant.

Ex-Labour MP pleads guilty to making indecent photo of a child

Former Labour MP Eric Joyce has pleaded guilty to making an indecent photograph of a child.

The former shadow minister, 59, from Worlingworth, Suffolk, was arrested in November 2018.

Joyce quit the Labour Party to serve as an independent MP for Falkirk in 2012 before stepping down ahead of the 2015 general election.

More to follow.

GOP Congressman’s Argument Against Mandated Mask Wearing, Vaccinations Goes Awry

Rep. Thomas Massie (R-Ky.) got schooled on Twitter over this tweet arguing against the mandated wearing of face masks and compulsory vaccinations aimed at mitigating the spread of the coronavirus:

Many tweeters reminded Massie of George Washington’s decision to vaccinate the Continental Army against smallpox.

Others called out the GOP congressman for appearing to rail against wearing masks, which public health experts worldwide have said is a cheap and easy way to curb COVID-19.

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India’s Palm Oil Imports Climb to 5-Month High on Low Stockpiles

Palm oil imports by India climbed to a five-month high in June as traders and refiners in the world’s biggest buyer increased purchases to replenish stockpiles.

  • Inbound shipments increased 45.5% from a month earlier to 562,932 tons, the Solvent Extractors’ Association of India said in an emailed statement on Tuesday. Purchases were 686,886 tons in June 2019.

Key Insights

  • A surge in palm oil purchases by India will likely reduce stockpiles in top producers Indonesia and Malaysia and support benchmark prices that have fallen more than 20% so far this year.
  • Indian purchases may climb further as palm oil reserves in the country have gradually fallen in the first half of the year on lower domestic demand due to the coronavirus pandemic and weaker imports.
  • Total stockpiles declined to 915,000 tones at the start of May from 1.23 million a month earlier, according to the association.
  • Imports of soft oils in June were higher than palm oil purchases.

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  • Total edible oil imports climbed to 1.16 million tons in June from 707,478 tons a month earlier, according to the statement.
  • Soybean oil purchases in June rose to 331,264 tons from 187,034 tons a month earlier. Purchases in June 2019 were 222,853 tons.
  • Sunflower oil buying climbed to 268,128 tons from 133,438 tons in May. Inbound shipments in June 2019 totaled 161,540 tons.

Sudan: Growing protests against insecurity in central Darfur

Villagers in Darfur are demanding Sudan’s government does more to protect them from militia attacks.

Thousands of protesters in Sudan have been staging a sit-in outside the administrative headquarters in the town of Nertiti, central Darfur, for more than a week.

They accuse the government of failing to protect them from militia attacks. Sudan’s police chief and his deputy were sacked on the weekend.

Al Jazeera’s Hiba Morgan reports from Khartoum, Sudan.

Diesel price in Delhi scales new high after 25 paise increase

In the last one month, diesel price has been increased on 23 occasions while petrol rates have risen 21 times.

Diesel price in the national capital on July 7 touched an all-time high following a rate hike after a week-long hiatus.

Diesel price on July 7 was increased by 25 paise per litre, according to a price notification of state-owned oil marketing companies.

This took the retail selling price of diesel to ₹80.78 per litre in the national capital — the highest ever.

There was no change in petrol price for the 8th straight day, and it continues to be priced at ₹80.43 per litre.

Rates vary from State to State depending on the incidence of local sales tax or VAT.

Petrol and diesel price were last revised on June 29.

In the last one month, diesel price has been increased on 23 occasions while petrol rates have risen 21 times.

The cumulative increase since the oil companies started the cycle on June 7, totals to ₹9.17 for petrol and ₹11.39 for diesel.

In Mumbai, petrol is priced at ₹87.19 — unchanged since June 29, while diesel was hiked to ₹79.05 a litre from ₹78.83.