Page 36 - Analysis Cell News Today

While news reports claim the PM said there are no oil refineries in India, what he actually claimed was that the country has no oil wells.

Petrol and diesel price hikes are likely to resume after state elections get over next week to bridge the Rs 9 a litre gap created by international oil prices soaring past $100 a barrel.

NEW DELHI, Mar 2: Petrol and diesel price hikes are likely to resume after state elections get over next week to bridge the Rs 9 a litre gap created by international oil prices soaring past USD 100 a barrel. International crude oil prices shot above USD 110 a barrel for the first time since mid-2014 on fears that oil and gas supplies from energy giant Russia could be disrupted, either by the conflict in Ukraine or retaliatory western sanctions. The […]

India’s state oil importers have resurfaced seeking spot LPG cargoes for H1 March deliveries to meet recovering demand and fill prompt shortfalls, traders said, after Petroleum Planning and Analysis Cell data showed Feb. 24 that imports in January fell 15.87% on the month to 1.394 million mt. January imports were the lowest since last June ...

India spent $94.3 billion in the first 10 months of current fiscal on oil imports. It spent $11.6 billion in January 2022 when oil prices surged

India’s fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, initial government estimates show, reflecting a pick-up in industrial activity and mobility in Asia’s third largest economy after months of stagnation. India’s fuel consumption in 2022-23, a proxy for oil demand, could rise to 214.5 million tonnes from the ...

India's fuel demand expected to grow 5.5% next fiscal

New Delhi, Feb 22: India’s fuel demand is likely to grow 5.5 per cent in the fiscal year beginning April 1 as economic activity picks up after devastation caused by the pandemic, government estimates showed on Tuesday. Fuel consumption in 2022-23 is estimated to rise to 214.5 million tonnes from 203.2 million tonnes expected sales in the current fiscal year ending March 2022, according to the oil ministry’s Petroleum Planning and Analysis Cell (PPAC). It will cross the pre-pandemic l...

India's fuel demand is likely to grow 5.5 per cent in the next fiscal year beginning April 1, initial government estimates show, reflecting a pickup.

Fuel consumption in India totalled 17.61 million tonnes, down 0.2% from a year before, data from the oil ministry's Petroleum Planning and Analysis Cell showed.