Oil imports from Russia up nearly 3-fold
Value of oil imports from Russia during the April-June period stood at $12.36 billion, 170.66% higher on a year-on-year basis.
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Value of oil imports from Russia during the April-June period stood at $12.36 billion, 170.66% higher on a year-on-year basis.
As per the data by Petroleum Planning and Analysis Cell (PPAC) for July 2023, India's diesel consumption slipped 13 per cent m-o-m to 6.9 million tonnes (MT) on a provisional basis, while petrol consumption fell 9 per cent to 2.9 MT, , monsoons, oil companies, oil sales, petrol, diesel
Fuel Demand: There is a seasonality in Indian demand, which normally peaks in March and declines during the summer period due to the monsoon, said UBS analyst Giovanni Staunovo.
India's fuel consumption, a proxy for oil demand, rose by 1.9% year-on-year in July to about 18.09 million tonnes, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on...
Since the majority of Indian population relies on LPG, it comprises a major part of a household budget making it a politically sensitive commodity