Page 26 - Analysis Cell News Today

Congress leader Rahul Gandhi on Wednesday targeted the government on unemployment, petrol price and communal violence saying India looks a lot like Sri Lanka which is facing its worst economic crisis.

The quantum of hike in pump price of diesel is likely to be more this time.

India’s refining sector needs to adopt a dual approach of diversifying into petrochemicals and alternate fuels, as well as improve efficiency of its oil business amid stricter emission norms, to meet the challenges of the changing energy landscape, the head of the Federation of Indian Petroleum Industry told S&P Global Commodity Insights in an interview. ...

The amendments cover domestic gas supplies for both CNG for transport and PNG for domestic use.

India’s fuel consumption moderated and slipped 4% in April from the previous month, data showed on Tuesday, as elevated domestic prices slowed activity in the world’s third biggest oil consumer. Consumption of fuel, a proxy for oil demand, totaled 18.64 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry ...

An embargo on price increases would again leave OMCs with little legroom for a downward revision when oil prices start correcting.

Consumption of fuel, a proxy for oil demand, totaled 18.64 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Asia’s oil demand outlook for 2022 is starting to look dimmer than what it was a couple of months earlier, as China’s strict lockdowns aimed at battling the resurgence of the COVID-19 pandemic overshadow positive oil demand signs emerging from the rest of Asia. While most Asian governments are easing restrictions, aiding a sustained recovery ...

Tamil Nadu Chief Minister M.K. Stalin and Finance Minister Palanivel Thiaga Rajan on Thursday blamed the BJP-led central government for hiking the petrol and diesel prices.Speaking in the state Assembly, Stalin said as the excise duty has to be ...

The Indian crude oil basket rose to nearly $103 per barrel on Wednesday, up for the second straight day after falling below $100 a barrel early this week, even as the political blame game on domestic fuel rates intensified