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REFINERY NEWS ROUNDUP: Closures remain on the cards in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Closures remain on the cards in Asia-Pacific | Hellenic Shipping News Worldwide
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REFINERY NEWS ROUNDUP: India's gasoline use rises, falls elsewhere in Asia-Pacific


REFINERY NEWS ROUNDUP: India’s gasoline use rises, falls elsewhere in Asia-Pacific
India’s consumption of gasoline in June saw the highest month-on-month increase in a year as a decline in COVID-19 cases and the easing of lockdown measures boosted driving activity.
Some states, such as the western state of Maharashtra, eased restrictions early June.
Indian gasoline demand totaled 2.41 million mt in June, up 21% from May, data from the Petroleum Planning and Analysis Cell showed. In May, gasoline demand hit a one-year low.
However, a new wave of coronavirus infections in Indonesia has dented the demand outlook for Asian gasoline, with participants anticipating a further decline in import demand as driving activity slows. The country, moreover, has already expanded its strict lockdown measures, with Bali, Java and the heavily populated cities in Sumatra having been placed under a lockdown since early July. ....

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Viva refining subsidy grows after rivals close plants


Viva refining subsidy grows after rivals close plants
Apr 27, 2021 – 11.00am
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Viva Energy will reap a bigger taxpayer subsidy for its Geelong oil refinery than initially anticipated after rivals including ExxonMobil and BP decided to close their plants, leaving more for those that remain running.
The March quarter subsidy is now expected to total $19.6 million, Viva said on Tuesday in a quarterly update that reported a doubling in the refining margin at Geelong while fuel sales remain mostly softer than the year-earlier period.
Australian refineries have been battered by a slump in demand and margins during the pandemic.
 
A long-term subsidy package, aimed at retaining domestic refining to help domestic security of petrol and diesel supply, is still under negotiation and is scheduled to kick in on July 1. ....

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