Page 47 - Analysis Cell News Today

Fuel demand contracts 9.1% in FY21; first since 1998-99 India consumed 194.63 million tonnes of petroleum products in 2020-21 as compared with 214.12 million tonnes demand in the previous year, according to the latest data released by the oil ministrys Petroleum Planning and Analysis Cell (PPAC) PTI | April 9, 2021 | Updated 19:46 IST The GDP is estimated to have contracted by 7-8 per cent in 2020-21 after economic activity showed signs of recovery in last quarter of 2020 Indias fuel demand co...

Stringent lockdown led to the contraction in demand India’s fuel demand contracted by a massive 9.1% in the financial year ended March 31, the first in more than two decades, as a stringent lockdown imposed to curb the spread of the pandemic pummelled economic activity, government data showed on Friday. India consumed 194.63 million tonnes of petroleum products in 2020-21 as compared with 214.12 million tonnes demand in the previous year, according to the latest data released by the Oil Min...

Indias fuel demand contracts 9.1 per cent in FY’21 PTI New Delhi | Updated on April 09, 2021 Prices of these three fuels have continued skyrocketing through February   -  SUDHAKARA JAIN× This is the first time the fuel consumption has shrunk in more than two decades Indias fuel demand contracted by a massive 9.1 per cent in the financial year ended March 31, 2021, the first in more than two decades, as a stringent lockdown imposed to curb the spread of the pandemic pummelled economic acti...

High prices, virus resurgence may cast dark clouds over India’s crude runs Indian refiners are starting to slow their crude runs, as high retail prices have dented domestic appetite for oil products — a trend that could get prolonged if the resurgence of COVID-19 in some provinces leads to another round of lockdowns and movement restrictions, analysts told S&P Global Platts. As states such as Maharashtra and Karnataka witness a sharp surge in cases prompting authorities to implement restric...

Singapore — Indian refiners are starting to slow their crude runs, as high retail prices have dented domestic appetite for oil products -- a trend that could get prolonged if the resurgence of COVID-19 in some provinces leads to another round of lockdowns and movement restrictions, analysts told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now As states such as Maharashtra and Karnataka witness a sha...

Saudi Arabia Out Of Top Three Oil Suppliers To India In February Apr 05 2021, 3:06 PM April 05 2021, 12:19 PM April 05 2021, 3:06 PM Saudi Arabia now doesn’t rank among India’s top three oil suppliers as the nation imported more from the U.S. when the OPEC+ cartel retained lower output even as prices have surged.India imported 1.8 million metric tonnes of oil from the Gulf kingdom in February, according to data released by the Directorate General of Commercial Intelligence and Statist...

India keeps domestic gas prices unchanged India has kept the regulated wholesale price of locally produced natural gas unchanged with effect from April 1, the Indian oil ministrys Petroleum Planning and Analysis Cell (PPAC) said on March 31 in a statement.  For the April 1-September 30 period, the price paid to most domestic natural gas producers will remain at $1.79/mn btu. The current price is the lowest in almost a decade. The price of locally-produced gas is set every six months.   Th...

India’s fuel consumption fell for the second month in a row in February to its lowest since September as record-high prices hindered demand recovery. Petroleum product consumption fell 4.9% to 17.21 million tonnes in February as demand for both petrol and diesel fell, according to data from the Petroleum Planning and Analysis Cell (PPAC) of ...

The rising fuel prices is impacting demand conditions in India that is looking for an accelerated recovery of the economy post Covid-induced lockdowns and disruptions.According to official data, countrys fuel consumption fell sharply in ...

Fuel rates hiked 26 times so far in 2021 - know how much you spent It it is interesting to note that so far, the pump price of petrol and diesel rose 26 times in 2021. File photo Updated: Mar 13, 2021, 06:39 PM IST Rising fuel prices have become a woe for the common man and as a result people have cut down on their consumption of petrol and diesel. According to official data, India’s fuel consumption fell sharply in February, the consumption slowdown lowest since...