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India's fuel consumption, a proxy for oil demand, rose by 6.5% year-on-year in August to about 18.57 million tons, data from the Petroleum Planning and Analysis Cell (PPAC) showed
India's fuel consumption, a proxy for oil demand, rose by 6.5% year-on-year in August to about 18.57 million tons, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on... -Today at 07:49 am- MarketScreener
With gas cylinders for Rs 500, Gehlot gives inflation narrative an edge At a time when people are battling inflation and finding it hard to make both ends
The country is a net exporter of petroleum products thanks to its refining capacity of 250 million tonnes per annum, or around 5 million bpd, which is higher than its domestic demand.
Global crude prices have eased from the multi-year-highs reached in the first half of last year as supply concerns somewhat eased and demand weakened owing to a projected global slowdown.