Page 2 - Analysis Cell News Today

India Crude Oil Imports: Data from the Petroleum Planning and Analysis Cells (PPAC) website also showed imports of crude oil products dipped nearly 12% to 3.83 million tons on a yearly basis, while product exports decreased 6.4% to 5.66 million tons over the same period.

Indias fuel consumption decreased by 0.6% year-on-year in March, totaling 21.09 million metric tons. However, demand for the 2024 financial year increased by about 5%, reaching a record high of 233.276 million tons. Sales of diesel, gasoline, bitumen, cooking gas, and naphtha saw increases, while fuel oil usage declined in both March and the fiscal year.

Indian Fuel Demand: Total consumption, a proxy for oil demand, totalled 21.09 million metric tons (4.99 million barrels per day) in March, down from 21.22 million tons (5.02 mbpd) last year, preliminary data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Saturday.

In contrast, Indias fuel consumption dipped by 0.6 percent year-on-year in March

The fuel demand for the financial year ending in March 2024 reached a record high of 233.276 million tonnes (4.67 mbpd), up from 223.021 million tonnes (4.48 mbpd) the previous year.

19 december 2014,New Delhi. The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 58.22 per barrel (bbl) on 18.12.2014. This was higher than the price of US$ 57.29 per bbl on previous publishing day of 17.12.2014.

The government has cut the gas price ceiling to $9.87 per million metric British thermal unit of gas, effective April 1, impacting profit margin of companies exploring and producing gas from these areas. The gas price ceiling has been reduced for gas being produced from discoveries in deep-water, ultra deepwater and high-pressure, high-temperature areas, according to the notification by the Petroleum Planning and Analysis Cell of India dated March 31.

This reduction in prices comes as welcome news for commercial establishments and households utilizing these cylinders for various purposes. , Economy News - Times Now

The government bi-annually fixes prices of the locally-produced natural gas -- which is converted into CNG for use in automobiles, piped to household kitchens for cooking and used to generate electricity and make fertilisers.

The government has announced a marginal reduction in the price of natural gas produced from difficult areas like the deep sea KG-D6 block of Reliance Industries, setting it at USD 9.87 per million British thermal unit for the six-month period starting April 1. This adjustment aligns with the softening of benchmark international gas prices.