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India’s diesel exports in May posted a growth of 15.2% compared with the previous month and are set to rise further, as the arrival of monsoon rains is expected to slow domestic construction activity at a time when refiners are reaping rich returns on the back of lucrative refining margins, trade sources and analysts said. ...
India’s crude oil imports in May rose about 13.4% from a year earlier as refiners stocked up on cheaper Russian supply to cater to a recovery in demand in the world’s third-biggest oil consumer. Crude oil imports increased to 19.57 million tonnes, according to data from the Petroleum Planning and Analysis Cell on Wednesday. However, ...
Crude oil imports increased to 19.57 million tonnes, according to data from the Petroleum Planning and Analysis Cell on Wednesday. However, crude imports decreased by about 9.1% from April.
India's fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021, when the country was in the grip of a second wave of COVID-19.
At the interbank foreign exchange market, the local currency opened at 77.81 traded weaker, but directionless