Page 42 - Analysis Cell News Today

DNA Explainer: How rising crude oil prices, domestic taxes and fall in demand are affecting fuel prices in India - We try to understand the role of rising crude oil prices with the rising domestic prices of petrol and diesel and also look into some other factors.

Indias fuel demand in May slumped to its lowest in nine months as restrictions to curb the second wave of COVID infections stalled mobility and muted economic activity.

Read more about Second wave of Covid-19: Indias fuel demand slips to nine-month low in May on Business Standard. India was under one of the worlds strictest lockdowns in May last year, which brought all mobility and economic activity to a grinding halt.

Oil demand fell 11.3% to 15.11 million tonnes compared to the previous month and was down 1.5% from a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed

Indias Fuel Demand Hits 9-Month Low In May 2021 Amid COVID-19 Restrictions Petrol, Diesel Sales In May 2021: Sales of petrol, increased by 12.4 per cent from a year earlier, but fell about 17 per cent month-on-month to 1.99 million tonnes. Updated: June 09, 2021 9:29 pm IST State refiners daily petrol and diesel sales declined by about a fifth in May from a month earlier The countrys fuel demand slumped in May to its lowest since August last year with a second COVID-19 wave stalling mobilit...

The result has been a steady increase in daily costs for low-and-middle-income Indian households as global oil and gas prices recovered to, and now climb past, pre-pandemic levels. 

Energy Oil has come under pressure this morning following a fairly bearish EIA inventory report yesterday. Whilst US crude oil inventories fell by 5.24MMbbls over the last week, the build in product inventories more than offset the crude decline. Refined product stocks increased by 20.71MMbbls over the week, with gasoline, distillate fuel oil and propane ...

Indias fuel demand fell 1.5% y/y in May Premium Cooking gas or liquefied petroleum gas (LPG) sales decreased 5.5% to 2.17 million tonnes, while naphtha sales surged 25.8% to 1.25 million tonnes (Photo: Mint) . Updated: 09 Jun 2021, 07:23 PM IST Reuters Consumption of fuel, a proxy for oil demand, totalled 15.11 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed Read Full Story NEW DELHI : Indias fuel demand fell 1.5% in May compared with the ...

India Business News: India's fuel demand slumped in May to its lowest since August last year with a second Covid-19 wave stalling mobility and muting economic activity in

India's fuel demand slumped in May to its lowest since August last year with a second COVID-19 wave stalling mobility and muting economic activity in the world's third largest oil consumer.