Fuel Demand Falls to Five-Month Low in February Over Price Hike
Consumption of fuel, a proxy for oil demand, fell 4.9% in February, data from the Ministry of Petroleum & Natural Gas showed.
A nozzle pumps petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. Photo: Reuters/Francis Mascarenhas/File Photo
Energy12/Mar/2021
Bengaluru: 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 of the Ministry of Petroleum & Natural Gas showed on Thursday. On a monthly basis, demand slipped by 4.6%.
India s February fuel demand falls to 5-month low
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Last Updated: Mar 11, 2021, 10:03 PM IST
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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.
In January, India had registered its first month-on-month decline in five months.
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.
India Business News: Demand for gasoline, diesel and other fuels will reach a record 215.24 million tons in the 12 months through March 2022, according to estimates by the
India s natural gas production rises above pre-COVID level: Directorate General of Hydrocarbons
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Last Updated: Feb 11, 2021, 02:24 PM IST
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Natural gas production in the country in February 2020 was 80 million standard cubic meters per day and in January this year it reached 82 mmscmd, said Anand Gupta, Additional Director General (Development), Directorate General of Hydrocarbons (DGH).
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DGH, the government custodian of upstream oil and gas production in the country, said production levels are likely to be higher in the 2021 calendar year.
New Delhi: India s natural gas production has risen above the pre-COVID level following the start of output from a KG-D6 field operated by Reliance Industries and its partner BP Plc, upstream regulator DGH said on Thursday.