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Lubricants Market Revenue Worth $115,350 6 Million by 2030, Globally: P&S Intelligence

Lubricants Market Revenue Worth $115,350.6 Million by 2030, Globally: P&S Intelligence NEW YORK, March 9, 2021 /PRNewswire/ From 66 million in 2005, worldwide vehicle sales jumped to 91 million in 2019, as per Organisation Internationale des Constructeurs d Automobiles (OICA). Due to the expanding automotive industry, the global lubricants market is predicted to grow from $95,403.9 million in 2019 to $115,350.6 million by 2030, witnessing a 2.3% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence. The automotive sector is one of the biggest end users in the lubricants market, as such fluids find widespread application in automobiles. The crankcases of engines are widely lubed in order to reduce friction between components that are in contact. This not only reduces wear and tear, but also keeps the vehicle running smoothly and with the optimum mileage. With people s rising disposable income and strict norms regarding vehicular emission

IOC, IDCO sign MoU for Paradip plastic park

IOC, IDCO sign MoU for Paradip plastic park ​ By IANS | Published on ​ Tue, Mar 9 2021 20:06 IST | ​ 0 Views Petrol. (File Photo: IANS). Image Source: IANS News Bhubaneswar, March 9 : Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) on Tuesday signed a memorandum of understanding (MoU) to set up a plastic park at Paradip. The proposed park will come up on 120 acres of land with an investment of Rs 106 crore. The MoU was signed in the virtual presence of Chief Minister Naveen Patnaik and Union Petroleum Minister Dharmendra Pradhan. The Chief Minister said Paradip Plastic Park is going to be a real game-changer for the downstream plastic industry.

Check Petrol, Diesel prices in your city: Crude oil price crosses $70 mark

Check Petrol, Diesel prices in your city: Crude oil price crosses $70 mark © Smriti Chaudhary Check Petrol, Diesel prices in your city: Crude oil price crosses $70 mark After a steep rise in prices earlier, petrol and diesel prices are unchanged across the country on March 8, 2021, even as the price of crude oil surged above $70 per barrel after Saudi Arabia s Aramco said that an energy facility was attacked. The prices of petrol and diesel in New Delhi remained stable at Rs 91.17 per litre and Rs 81.47 per litre, respectively, according to the Indian Oil Corporation Limited (IOCL). The prices were last hiked by 24 paise per litre for petrol and 15 paise per litre for diesel on February 27, 2021, in the national capital.

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