Petrol, diesel demand in India rises to record highs in May
6 years, 7 months ago

Petrol, diesel demand in India rises to record highs in May

Hindustan Times  

Domestic sales for diesel and petrol rose to record highs in May, pushing the country’s overall fuel consumption for the month higher year-on-year, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Saturday. Fuel consumption, a proxy for oil demand, totalled 18.72 million tonnes last month, during which diesel sales soared to 7.55 million tonnes and petrol consumption climbed to 2.46 million tonnes - the highest monthly sales figures in PPAC data going back to April 1998. India, the world’s third-largest oil consumer, used 35.2 million tonnes of diesel during January to May this year, up 6% from the corresponding period last year. The country’s monthly diesel sales have averaged 7.05 million tonnes in 2018, compared with a monthly average consumption of 6.6 million tonnes last year. India’s diesel exports during March to April this year were 3.79 million tonnes, down 22% from 4.87 million tonnes of the industrial fuel exported during the same time last year.

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History of this topic

Exports dipped 1% in December, trade gap eased from November’s record high
17 hours, 10 minutes ago

Exports dipped 1% in December, trade gap eased from November’s record high

The Hindu  

India’s goods exports contracted 1% year-on-year in December to a fraction over $38 billion, while imports grew 4.9% to almost $60 billion, but this narrowed the merchandise trade deficit to a three-month low of $21.9 billion, reflecting a sharp moderation from November’s record gap of $31.8 billion. Officials also stressed that December’s export tally marked only the third occasion in …

India’s wholesale inflation rises in December, but stays in line with expectations at 2.37%
1 day, 23 hours ago

India’s wholesale inflation rises in December, but stays in line with expectations at 2.37%

Firstpost  

Food prices rose 8.89% last month, compared with an 8.92% increase in November, with vegetable prices climbing 28.65% year-on-year, marginally up from a 28.57% rise in the previous month. India’s wholesale inflation accelerated in December to 2.37% year-on-year, from 1.89% in November, government data showed on Tuesday, but in line with market expectations. The wholesale inflation rate, a proxy for …

India’s petroleum exports plunge amid weak global demand, Red Sea disruptions
2 weeks ago

India’s petroleum exports plunge amid weak global demand, Red Sea disruptions

Live Mint  

New Delhi: Exports of petroleum products took a hit in November, weighed down by sluggish demand in developed economies, a rise in domestic consumption and a significant decline in cheap petroleum imports from Russia. Compounding the issue, India’s imports of Russian crude oil in November fell to their lowest levels since June 2022, according to a recent report from the …

Petrol, diesel sales soar on holiday travel
2 weeks ago

Petrol, diesel sales soar on holiday travel

Live Mint  

New Delhi, Jan 1 India's petrol and diesel consumption soared in December 2024 as holiday travel boosted demand, reversing the fall witnessed in previous months, preliminary data of state-owned fuel retailers showed on Wednesday. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, soared 9.8 per cent to 2.99 million tonne in December compared …

India's core sector growth hits four-month high of 4.3% in November
2 weeks, 1 day ago

India's core sector growth hits four-month high of 4.3% in November

Live Mint  

NEW DELHI : India's infrastructure output, which accounts for about two-fifths of industrial production, jumped to a four-month high in November, driven by a rise in six of the eight core constituent sectors during the month. A year ago, the output of the eight core industries—coal, crude oil, steel, cement, electricity, fertilisers, refinery products and natural gas—had expanded by 7.9% …

Budget: CII seeks excise duty cut in petrol, diesel, hike in minimum wages
Trending News
2 weeks, 3 days ago

Budget: CII seeks excise duty cut in petrol, diesel, hike in minimum wages

Live Mint  

New Delhi: The Confederation of Indian Industry has suggested excise duty cuts in petrol and diesel and a hike in key minimum wages in the upcoming Union budget to boost consumption amid high inflation. In a statement on Sunday, the industry body said it wants to see targeted interventions to boost consumption, especially at the lower income level, including an …

India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P
2 weeks, 6 days ago

India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P

Live Mint  

India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia, according to a report by S&P Global Commodity Insights. "India is set to end the year with its oil demand growth rate surpassing China's, making it one of the fastest-growing consumption centres," the report noted, …

India’s imports rises to 27%, touches to record high of almost $70 billion
4 weeks, 2 days ago

India’s imports rises to 27%, touches to record high of almost $70 billion

The Hindu  

India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. This is the third time in four months that India’s import bill has hit a record high, but November’s tally surpasses the last two occasions by a wide …

Petrol, Diesel Consumption Surge in November as Festive Season Boosts Demand
1 month, 2 weeks ago

Petrol, Diesel Consumption Surge in November as Festive Season Boosts Demand

Deccan Chronicle  

New Delhi: Oil marketing companies have revealed that India's petrol and diesel consumption soared in November as the festive season reversed a fall in demand witnessed in previous months. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, soared 8.3 per cent to 3.1 million tonnes in November compared to 2.86 million tonnes of …

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation
2 months ago

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation

Deccan Chronicle  

NEW DELHI: India’s industrial production witnessed a significant expansion by 3.1 per cent in September from a negative territory in August 2024 at 0.1 per cent, mainly due to improvement in the manufacturing sector. While headline retail inflation rose to 14-month high of 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher …

Retail inflation hits 14-month high, rises to 6.21 per cent in October
2 months ago

Retail inflation hits 14-month high, rises to 6.21 per cent in October

India TV News  

India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s target range. India’s Index of Industrial Production showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation, key sectors such as mining, manufacturing, and electricity …

The IMF's WEO and the Rise of China: A Cautionary Tale for India
2 months, 3 weeks ago

The IMF's WEO and the Rise of China: A Cautionary Tale for India

Hindustan Times  

The IMF's World Economic Outlook report sheds light on the competitive edge China holds in the electric vehicle (EV) industry. The report highlights the sharp rise in labor productivity in China, which has enabled them to produce EVs at lower costs compared to their European counterparts. This competitiveness could lead to a global disruption in the EV market, which is …

Fuel Prices In Delhi, October 16: Remain Stable With Petrol At Rs 94.72 & Diesel Priced At Rs 87.62
3 months ago

Fuel Prices In Delhi, October 16: Remain Stable With Petrol At Rs 94.72 & Diesel Priced At Rs 87.62

ABP News  

As of today, the fuel prices in Delhi remain relatively stable, with minor fluctuations due to global crude oil prices and other factors like supply chain dynamics. Fuel prices in India are revised daily based on the 15-day average of global oil prices, which is a dynamic pricing model. Despite the global fluctuations in oil supply and demand, especially due …

India’s petroleum exports plunge in first five months of FY25 on lower demand, supply disruption
3 months, 3 weeks ago

India’s petroleum exports plunge in first five months of FY25 on lower demand, supply disruption

Live Mint  

New Delhi: India's petroleum exports saw a steep decline during the first five months of fiscal year 2025 due to lower demand from key markets and disruptions along the supply route, especially in the Red Sea region. "The drop in India's petroleum exports in the last three months was mostly due to the Red Sea issue, which led to higher …

Is the spike in India’s trade deficit a worry?
3 months, 3 weeks ago

Is the spike in India’s trade deficit a worry?

The Hindu  

The story so far: After a positive start to goods exports in the first quarter of 2024-25, there has been a blip in momentum. On the exports front, 18 of India’s top 30 segments recorded growth in July and 19 in August, but the big-ticket sectors like petroleum, and gems and jewellery, have tanked significantly. While gems and jewellery exports …

India plans to raise vegetable oils import taxes, government sources say
4 months, 2 weeks ago

India plans to raise vegetable oils import taxes, government sources say

Hindustan Times  

By Rajendra Jadhav and Mayank Bhardwaj India plans to raise vegetable oils import taxes, government sources say MUMBAI -India is considering an increase in import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday. Increasing import taxes is one of the options," said a government source, who asked not to …

India plans to raise vegetable oils import taxes, government sources say
4 months, 2 weeks ago

India plans to raise vegetable oils import taxes, government sources say

Hindustan Times  

By Rajendra Jadhav and Mayank Bhardwaj India plans to raise vegetable oils import taxes, government sources say MUMBAI, - India is considering an increase in import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday. Increasing import taxes is one of the options," said a government source, who asked not …

Delhi Petrol Prices Hold Steady at Rs 94.72 Per Liter Amid Nationwide Fuel Stability | ABP News
4 months, 3 weeks ago

Delhi Petrol Prices Hold Steady at Rs 94.72 Per Liter Amid Nationwide Fuel Stability | ABP News

ABP News  

As of August 25, 2024, petrol prices in Delhi remain steady at ₹94.72 per liter. The stability in fuel prices is reflective of the broader trend across major Indian cities, where diesel prices have also seen no significant adjustments. The current petrol rate in Delhi includes all state and central taxes, contributing to its uniformity across the region. Previously, the …

India only country where petrol, diesel prices declined in last 3 years: Puri
5 months, 2 weeks ago

India only country where petrol, diesel prices declined in last 3 years: Puri

Hindustan Times  

New Delhi, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday said India is the only country where rates of petrol and diesel have come down between November 2021 and April 2024. India only country where petrol, diesel prices declined in last 3 years: Puri Replying to various queries during Question Hour in Rajya Sabha, the minister also …

India's wholesale prices at a 16-month high in June as vegetable prices go up
6 months ago

India's wholesale prices at a 16-month high in June as vegetable prices go up

Hindustan Times  

Wholesale inflation in the country surged to a 16-month high of 3.36 per cent in June on account of rise in prices of food articles, especially vegetables and manufactured items. As per the data, inflation in food articles rose 10.87 per cent in June, as against 9.82 per cent in May. Looking ahead, she said, the headline WPI inflation is …

Wholesale price inflation rises to 3.36% in June, highest in 16 months
6 months ago

Wholesale price inflation rises to 3.36% in June, highest in 16 months

The Hindu  

Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%. Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of …

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data
6 months ago

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data

India TV News  

The government of India on Monday released data on the exports by the nation in the month of June. According to the data, India's merchandise export in June increased by 2.56 per cent to $35.32 billion compared to $34.32 billion in June last year. In May, the country's merchandise exports increased by 9.1 per cent and reached USD 38.13 billion, …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 3
6 months, 1 week ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 3

News 18  

Petrol, and Diesel Prices On July 3, 2024: OMCs have announced fresh petrol and diesel prices on Wednesday, July 3. The country’s Petrol and diesel prices depend on crude oil prices internationally. Government oil marketing companies release the latest petrol and diesel prices daily at 6 am in the country. Petrol Diesel Price Today In India Check city-wise petrol and …

India's coal dependence for power to be highest in nine years as heatwaves intensify
6 months, 3 weeks ago

India's coal dependence for power to be highest in nine years as heatwaves intensify

Hindustan Times  

India will use more coal for generating electricity this year than it has in almost a decade, to cope with surging electricity demand, Bloomberg reported. Representational The country expects to add 15.4 gigawatts in the financial year 2024-25, the most in nine years, people familiar with the matter told Bloomberg. Coal still generates about three-quarters of India’s electricity, and the …

Petrol, Diesel Price Today: Check Latest Fuel Prices In Your City On June 17
6 months, 4 weeks ago

Petrol, Diesel Price Today: Check Latest Fuel Prices In Your City On June 17

News 18  

Petrol, Diesel Prices On June 17, 2024: OMCs have released the latest petrol and diesel prices for June 17. However, the Karnataka government has increased petrol and diesel prices by Rs 3 per litre as it has increased sales tax. Petrol Diesel Price Today In India Mumbai Petrol & Diesel Price As of June 17, the petrol price in Mumbai …

Karnataka hikes petrol and diesel prices by ₹3 per litre. Check latest rates
7 months ago

Karnataka hikes petrol and diesel prices by ₹3 per litre. Check latest rates

Hindustan Times  

Petrol and diesel prices in Karnataka have increased after the state revised sales tax on Saturday. As per the Petroleum Dealers Association, petrol and diesel prices are likely to go up by ₹3 and ₹3.05 approximately in Karnataka, ANI reported. Petrol and diesel prices in Karnataka The price of petrol has surged by ₹3, bringing the rate Bengaluru to ₹102.84 …

Karnataka govt hikes petrol, diesel prices in state by Rs 3 per litre
7 months ago

Karnataka govt hikes petrol, diesel prices in state by Rs 3 per litre

Op India  

The Karnataka government has announced an increase in the prices of petrol and diesel, effective immediately from Saturday. The increase in price comes following an official notification from the Government of Karnataka, which indicates a revision in the sales tax levied on petroleum products. According to the Petroleum Dealers Association, the price has increased because the state government has revised …

Karnataka hikes petrol and diesel prices by ₹3 per litre. Check new rate, other details
7 months ago

Karnataka hikes petrol and diesel prices by ₹3 per litre. Check new rate, other details

Live Mint  

Petrol and diesel prices are likely to go up by ₹3 and ₹3.05 approximately in Karnataka as the state government decided to increase taxes on June 15, according to the Petroleum Dealers Association {{^adFree}} {{/adFree}} According to the notification, the sales tax on petrol has been increased from 25.92 percent to 29.84 percent, while the tax on diesel has risen …

India's crude oil imports soar 7% YoY in April, net oil & gas import bill hits $12.3 billion-mark: PPAC
7 months, 3 weeks ago

India's crude oil imports soar 7% YoY in April, net oil & gas import bill hits $12.3 billion-mark: PPAC

Live Mint  

India's crude oil imports increased by seven per cent year-on-year in April 2024 and the net import bill for oil and gas hit $12.3 billion, compared to $10.1 billion in the corresponding period last year. India's domestic crude oil production stood at 2.4 million metric tonnes in April 2024 - registering a growth of 1.6 per cent compared to the …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 05
8 months, 1 week ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 05

News 18  

Petrol, Diesel Prices Today On May 05, 2024: Each day at 6 am, oil marketing companies unveil the prices of petrol and diesel, unfazed by their volatility. Petrol Diesel Price Today In India Check city-wise petrol and diesel prices on May 05; City Petrol Price Diesel Price Delhi 94.72 87.62 Mumbai 104.21 92.15 Chennai 100.75 92.34 Kolkata 103.94 90.76 Noida …

Petrol sales up 12.3%; diesel slides 2.3% in April 2024
8 months, 2 weeks ago

Petrol sales up 12.3%; diesel slides 2.3% in April 2024

The Hindu  

India's petrol consumption soared 12.3% in April, but diesel sales continued to slide despite the country entering into hectic electioneering for general elections, preliminary data of state-owned firms showed on May 01. Petrol sales of three state-owned firms, which control 90% of the fuel market, rose to 2.97 million tonnes in April compared to 2.65 million tonnes of consumption in …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 28
8 months, 2 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 28

News 18  

Petrol, Diesel Prices Today On April 28, 2024: Every morning at 6 am, oil marketing companies reveal the prices of petrol and diesel, regardless of their stability. Petrol Diesel Price Today In India Mumbai Petrol & Diesel Price Delhi Diesel Price Today As of April 28, the cost of diesel is priced at Rs 87.62 per litre. Check city-wise petrol …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 27
8 months, 2 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 27

News 18  

Petrol, Diesel Prices Today On April 27, 2024: Every morning at 6 am, the rates for petrol and diesel are disclosed, regardless of whether they undergo fluctuations or remain stable. Petrol Diesel Price Today In India Mumbai Petrol & Diesel Price As of April 27, the price of petrol in Mumbai continued to exceed the Rs 100 mark, reaching Rs …

India's crude oil consumption up 4.6% in FY24, output rises marginally at 0.6%, imports steady: PPAC
8 months, 3 weeks ago

India's crude oil consumption up 4.6% in FY24, output rises marginally at 0.6%, imports steady: PPAC

Live Mint  

India's total consumption of crude oil or petroleum products rose 4.6 pent in fiscal 2023-24 to 233.3 million metric tonne, while domestic production of crude oil rose marginally at 0.6 per cent. But the world's third largest oil importing and consuming nation paid $132.4 billion for the imports in FY24 as against $157.5 billion import bill in 2022-23, so crude …

Lok Sabha polls | Palaniswami slams DMK, BJP on fuel prices, funds for disaster relief
8 months, 4 weeks ago

Lok Sabha polls | Palaniswami slams DMK, BJP on fuel prices, funds for disaster relief

The Hindu  

AIADMK general secretary Edappadi K. Palaniswami on Wednesday, April 17, 2024 said the DMK’s promise of getting the prices of petrol and diesel reduced was not credible, as the ruling party, in the past three years, had not brought down Value Added Tax on diesel, contrary to its assurances during the 2021 Assembly election. In a statement issued on the …

India's crude oil import bill drops 16% in FY24, import dependence soars to 87%
8 months, 4 weeks ago

India's crude oil import bill drops 16% in FY24, import dependence soars to 87%

Live Mint  

India's crude oil import dropped 16 per cent in the fiscal year ended March 31 as lower international rates but the dependency on overseas suppliers rose to a new high, official data showed. {{^adFree}} {{/adFree}} But it paid USD 132.4 billion for the imports in FY24 as against USD 157.5 billion import bill in 2022-23, oil ministry's Petroleum Planning and …

India's Petrol Consumption Rises 7% Amid Summer Season, Diesel Demand Declines
8 months, 4 weeks ago

India's Petrol Consumption Rises 7% Amid Summer Season, Diesel Demand Declines

Deccan Chronicle  

New Delhi: With the onset of summer season, fuel demand is likely to go up as India’s petrol consumption surged 7 per cent in the first half of April, but diesel sales were down by 9.5 per cent. Diesel demand too was down 2.7 per cent month-on-month when compared to 3.22 million tonnes in the first half of March,” the …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 30
9 months, 2 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 30

News 18  

Petrol, Diesel Prices Today On March 30, 2024: Every morning at 6 am, oil marketing companies reveal the prices of petrol and diesel, regardless of their stability. Petrol Diesel Price Today In India Mumbai Petrol & Diesel Price Delhi Diesel Price Today As of March 30, the cost of diesel is priced at Rs 87.62 per litre. Check city-wise petrol …

Petrol, Diesel Fresh Prices Announced On March 26: Know Fuel Rates In Your City
9 months, 3 weeks ago

Petrol, Diesel Fresh Prices Announced On March 26: Know Fuel Rates In Your City

News 18  

Petrol and Diesel Prices Today On March 26, 2024: Government oil companies have released the latest petrol and diesel rates for today i.e. Petrol-diesel prices in metros After this cut, the price of petrol in the national capital is now Rs 94.72 per liter, which was earlier Rs 96.72 per liter. Here the price of petrol has come down by …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 25
9 months, 3 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 25

News 18  

Petrol, Diesel Prices Today On March 25, 2024: Every morning at 6 am, oil marketing companies reveal the prices of petrol and diesel, regardless of their stability. Petrol Diesel Price Today In India Mumbai Petrol & Diesel Price Mumbai Petrol Price Today As of March 25, the price of petrol in Mumbai continued to exceed the Rs 100 mark, reaching …

India's crude oil output rises 7.9% to 2.3 MMT in February, imports decline 6.6% YoY: PPAC
9 months, 3 weeks ago

India's crude oil output rises 7.9% to 2.3 MMT in February, imports decline 6.6% YoY: PPAC

Live Mint  

India produced a total of 2.3 million metric tonnes of crude oil in February 2024 - registering a growth of 7.9 per cent compared to the year-ago period, according to Petroleum Planning & Analysis Cell. Crude oil imports decreased by 6.6 per cent and increased by 0.4 per cent during February 2-24 and April-February 2024 respectively, compared to the corresponding …

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise
10 months ago

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise

New Indian Express  

NEW DELHI: India’s trade deficit increased to $18.71 billion in February from $17.49 billion in January, with imports exceeding exports, amid red sea crisis, as per recent official data. Goods imports surged to $60.11 billion in February from $54.41 billion in January, while exports increased to $41.40 billion from $36.92 billion. Goods exports grew by 11.86% compared to $37.01 billion …

Petrol and diesel prices reduced by ₹2 per litre ahead of Lok Sabha elections
10 months ago

Petrol and diesel prices reduced by ₹2 per litre ahead of Lok Sabha elections

Hindustan Times  

Petrol and diesel prices are being reduced by ₹2 per litre, Union petroleum minister Hardeep Singh Puri announced on Thursday. “By slashing petrol and diesel prices by ₹2, prime minister Narendra Modi has once again shown that providing welfare and convenience to his family of crores of Indians, has always been his goal,” Puri wrote in a post on X. …

Petrol, diesel prices reduced: Check new rates in your city
10 months ago

Petrol, diesel prices reduced: Check new rates in your city

India TV News  

Petrol, Diesel Price Cut: The government on Thursday reduced petrol and diesel prices by Rs 2 per litre, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri informed. Taking to social media platform X, Hardeep Singh Puri wrote, "By reducing the price of petrol and diesel by Rs 2, PM Modi has once again proved that the welfare and …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 2
10 months, 2 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 2

News 18  

Petrol, Diesel Prices Today On March 2, 2024: Every morning at 6 am, the prices of petrol and diesel are disclosed, regardless of whether they fluctuate or remain constant. Petrol Diesel Price Today In India Delhi Diesel Price Today As of March 2, the cost of diesel is priced at Rs 89.62 per litre. Mumbai Petrol & Diesel Price Mumbai …

India oil product demand up 8.2% in January, says report
10 months, 4 weeks ago

India oil product demand up 8.2% in January, says report

Live Mint  

New Delhi: India's demand for oil products saw a significant increase of 398,000 barrels per day, or 8.2%, year-on-year in January, according to a report by S&P Global Commodity Insights. LPG and gasoline demand saw the highest growth in January, driven by increased heating needs during the winter and a rise in mobility following year-end holidays, respectively. In January, jet …

25% of global oil demand will be from India in 20 years: Petroleum minister
11 months ago

25% of global oil demand will be from India in 20 years: Petroleum minister

New Indian Express  

NEW DELHI: Petroleum minister Hardeep Singh Puri on Friday said India will account for 25% of incremental global oil demand over the next two decades. The growth will not be restricted to just exploration and production activities but will also be extended to biofuels, said the minister while speaking at the closing ceremony of the India Energy Week, 2024, in …

India’s petrochemical exports to face tough global competition: IEA official
11 months, 1 week ago

India’s petrochemical exports to face tough global competition: IEA official

Live Mint  

As India plans to boost its oil refining and petrochemicals capacity, its petrochemical exports are expected to face tough competition globally with increasing Chinese capacity already creating pressure in the global markets, said Toril Bosoni, head of oil industry and markets division, International Energy Agency. In its report, the IEA said that India's oil demand will reach 1.2 million barrels …

Large part of ₹11 trillion capex for FY25 to flow into energy sector: PM Modi
11 months, 1 week ago

Large part of ₹11 trillion capex for FY25 to flow into energy sector: PM Modi

Live Mint  

Goa: The Centre will allocate a substantial part of the budgeted capital expenditure for fiscal year 2024-25 to the energy sector, as the country strives to meet rapidly growing demand and achieve climate goals, Prime Minister Narendra Modi said on Tuesday. India's energy demand is projected to double by 2045, placing the country at the helm of shaping global energy …

Petrol, diesel fresh prices: Check rates of different cities on January 31
11 months, 2 weeks ago

Petrol, diesel fresh prices: Check rates of different cities on January 31

India TV News  

Every day, at 6 am, the curtain lifts on the prices of petrol and diesel, unfazed by the ebb and flow of market dynamics. This daily practice is a product of the strategic manoeuvres of oil marketing companies, adept at recalibrating prices based on the mercurial shifts in global crude oil prices and foreign exchange rates. With a finger on …

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