Page 15 - Analysis Cell News Today

April 10 (Reuters) - India's fuel consumption, a proxy for oil demand, climbed by 5% year on year in March to about 20.50 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. ... | 07:10am

India must develop an entire chemical, engineering and manufacturing ecosystem to own the entire stack for the future of electric vehicle

The capped rates which are about a quarter less than the current prices, will lead to CNG and piped cooking gas prices being cut by up to 10%.

The government on Friday announced a natural gas price of $ 7.92 per unit for the remainder of April according to the just approved new pricing formula, but rates for consumers have been capped at $ 6.5 per unit. According to an order of the Oil Ministry’s Petroleum Planning and Analysis Cell,

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The Union Cabinet while changing the pricing formula capped the rates at USD 6.5 per million British thermal units.

The government on Friday announced a natural gas price of $7.92 per unit for the remainder of April, according to the just approved new pricing formula, but rates for consumers have been capped at $6.5 per unit.

Cooking gas consumption growth would be lowest in more than a decade, according to revised estimates for FY23. Industry executives and experts do not see any uptrend

Markets leaders in cement, zinc, coal and petroleum have reported record volumes for FY23, with some also expanding market share.

All major state-run refiners at least doubled their gross refining margins.Oil product consumption increased 11% to 201.8 million tonnes during April-Feb