India s February fuel demand falls to five-month low
03/11/2021 | 11:27am EDT
Send by mail :
Message :
Required fields
(Reuters) - India s fuel consumption fell for the second month in a row in February to its lowest since September last year as record-high retail prices continued to stonewall a demand recovery for the world s third-biggest oil importer and consumer.
Consumption of fuel, a proxy for oil demand, fell 4.9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Thursday.
On a monthly basis, demand slipped by 4.6%. Prices have to come down or coronavirus cases should reduce before we see a real recovery, as some people are still reluctant to travel said Refinitiv analyst Ehsan Ul Haq.
By Bharat Gautam (Reuters) - India s fuel consumption fell for the second month in a row in February to its lowest since September last year as record-high retail prices continued to stonewall a demand recovery for the world s third-biggest oil importer and consumer. Consumption of fuel, a proxy for oil demand, fell 4.9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Thursday. On a monthly basis, demand slipped by 4.6%. Prices have to come down or coronavirus cases should reduce before we see a real recovery, as some people are still reluctant to travel said Refinitiv analyst Ehsan Ul Haq.
Artificial Ripening of Fruits: HC Directs State to Monitor Food Safety Officials sentinelassam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sentinelassam.com Daily Mail and Mail on Sunday newspapers.
Axens selected for Numaligarh Refinery Expansion Project in India
édité le 16/02/2021 - Plus de news de AXENS - Voir la fiche entreprise de AXENS
Numaligarh Refinery Limited (NRL), a subsidiary of Bharat Petroleum Corporation Limited (a public sector undertaking under the Ministry of Petroleum and Natural Gas, India) has selected Axens to supply advanced technologies in gasoline block for its Numaligarh Refinery Expansion Project (NREP).
Numaligarh refinery is located at Golaghat District in Assam (India) and was commissioned in 2000 with a capacity of 3 million tons-per-annum (MTPA) to process local crude oil Assam.
NRL is now planning to expand the refinery capacity from 3 MTPA to 9 MTPA by implementing in parallel a new refinery of 6 MTPA crude capacity with downstream grassroots facilities at the same location of the existing refinery in Golaghat, Assam.