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India's April fuel demand edges up 6.1% year-on-year India's fuel consumption rose by 6.1% year-on-year in April, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Tuesday. WHY IT IS IMPORTANT India is the world's third-biggest oil importer and consumer. The data is a proxy for the country's oil demand. KEY QUOTE "The rise in total fuel consumption in April can be attributed to the increased activity in the run up to elections across the country," said Prashant Vasisht, vice presi...
India's April fuel demand edges up 6.1% year-on-year
India's April fuel demand edges up 6.1% year-on-year
Source: Reuters
2024-05-07 10:50:29 am
New US sanctions more likely to curb Indian imports of Russian coal, traders say New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. Russia, historically a minor exporter of the fuel to India, began boosting shipments to the south Asian country after Western sanctions against Moscow over its invasion of Ukraine. The latest U.S. sanctions also include Russia's payment system, financial institutions a...
New US sanctions more likely to curb Indian imports of Russian coal, traders say
New US sanctions more likely to curb Indian imports of Russian coal, traders say
Source: Reuters
2024-03-01 09:31:18 am
New US sanctions more likely to curb Indian imports of Russian coal, traders say New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. Russia, historically a minor exporter of the fuel to India, began boosting shipments to the south Asian country after Western sanctions against Moscow over its invasion of Ukraine. The latest U.S. sanctions also include Russia's payment system, financial institutions a...
New US sanctions more likely to curb Indian imports of Russian coal, traders say
New US sanctions more likely to curb Indian imports of Russian coal, traders say
Source: Reuters
2024-02-29 09:50:37 am
Sales of petroleum products rise to 7-month high India's consumption of petroleum products rose to a seven-month high in December to about 20.05 million metric tons, according to data compiled by the Petroleum Ministry. Total consumption rose by 6.2 per cent from 18.89 million tons in November and was 2.6 per cent higher than the corresponding figure for December last year. Sales of diesel, mainly used in the transport and farm sectors increased by 0.9 per cent month-on-month to 7.6 million tons. However, petrol sales fell by 4.5 ...
Sales of petroleum products rise to 7-month high
Sales of petroleum products rise to 7-month high
Source: IANS
2024-01-08 10:20:00 am
Government likely to cut petrol, diesel prices ahead of LS polls The government is likely reduce the petrol and diesel prices ahead of the Lok Sabha polls as crude oil prices have also come down in the international market which will enable the oil marketing companies to bear the burden. As per sources, the Ministry for Petroleum and Natural Gas has worked out various combinations and permutations on the price cuts ranging from Rs 4 to Rs 10 per litre in the two fuels and the impact it will have on the oil companies. The government is also looking at...
Government likely to cut petrol, diesel prices ahead of LS polls
Government likely to cut petrol, diesel prices ahead of LS polls
Source: IANS
2023-12-29 04:01:57 pm
Indian state fuel retailers hike ethanol procurement prices India's state fuel retailers have raised purchase prices for ethanol made from C-heavy molasses by 6.87 rupees per litre, the oil ministry said on Friday on social media platform X. The new purchase price of 56.28 rupees per litre is aimed at boosting production of ethanol, which is used for blending with petrol. Ethanol makes um more than 10% of petrol sold in India is ethanol and the government aims to raise blending to 20% by 2025. Earlier this year, the government directed sugar...
Indian state fuel retailers hike ethanol procurement prices
Indian state fuel retailers hike ethanol procurement prices
Source: Reuters
2023-12-29 02:42:48 pm
Payment woes delay supply of Russian Sokol oil to India -sources Shipments of Russian Sokol crude oil to Indian Oil Corp have been delayed by payment problems, forcing India's biggest refiner to draw from its inventories and buy more oil from the Middle East, two sources familiar with the matter said. IOC is the only state refiner that has an annual deal to buy a variety of Russian grades, including Sokol, from Russian oil major Rosneft. Sokol oil is supplied to IOC by Sakhalin-1 LLC, a unit of Rosneft, sources said. Indian state refiners settle ...
Payment woes delay supply of Russian Sokol oil to India -sources
Payment woes delay supply of Russian Sokol oil to India -sources
Source: Reuters
2023-12-26 04:47:03 pm