Diesel

Petrol, diesel sales soar in December as holiday travel boost demand

India's petrol and diesel consumption soared in December 2024 as holiday travel boosted demand, reversing the fall witnessed in previous months, preliminary data of state-owned fuel retailers showed on Wednesday. While petrol sales had shown a year-on-year increase in recent months, diesel has been a laggard since monsoon. November was the first month that saw growth in diesel consumption and the trend continued into December. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, soared 9.8 per cent to 2.99 million tonne in December compared to 2.72 million tonne of consumption in the same month last year. Diesel demand during the month was up 4.9 per cent to 7.07 million tonne. This is the second straight month of auto fuels posting handsome increase in consumption. Petrol demand was up 8.3 per cent year-on-year in November and diesel consumption rose 5.9 per cent. Road trips as well as air and rail travel during the holiday season in the second h

Govt abolishes windfall tax on crude oil, ATF, petrol, and diesel exports

The govt has withdrawn the Road and Infrastructure Cess on petrol and diesel exports to ease financial pressure on the oil sector

Petrol, diesel consumption rebounds in November on festival demand

India's petrol and diesel consumption soared in November as the festive season reversed a fall in demand witnessed in previous months, preliminary data of state-owned firms showed on Friday. While petrol sales had shown a year-on-year increase, diesel has been a laggard since monsoon and November was the first month that saw positive growth in consumption. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, soared 8.3 per cent to 3.1 million tonnes in November compared to 2.86 million tonnes of consumption in the same month last year. Diesel demand was up 5.9 per cent to 7.2 million tonnes. Petrol and diesel sales have been tepid during the monsoon months as rains reduced vehicular movement and demand for the agriculture sector. Petrol demand however soared once rains eased but diesel consumption lagged year-on-year. Month-on-month petrol sales were up 4.7 per cent when compared to 2.96 million tonnes of consumption in October. Diesel demand was

Diesel market flashes warning sign in India as demand growth slows

Sales of the fuel used to power trucks and farm machinery were flat at 7.64 million tonnes in October from a year earlier, according to preliminary oil ministry data

Petrol sales rebound in festival season, diesel demand continues to drop

India's petrol consumption soared 7.3 per cent in October on the back of increased demand from the start of festive season but diesel sales were down 3.3 per cent, preliminary data of state-owned firms showed on Friday. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, rose to 3.1 million tonnes during October when compared to 2.87 million tonnes of consumption in the same month last year. Diesel demand dropped 3.3 per cent to 6.7 million tonnes. While petrol sales were up mostly due to an increase in use of personal vehicles as the festive season kicked in, diesel demand dropped due to lower demand from the agriculture sector owing to the extended rainy season. Petrol and diesel sales have been tepid during the last few months as monsoon rains reduced vehicular movement and demand for the agriculture sector. Month-on-month petrol sales were up 7.8 per cent when compared to 2.86 million tonnes of consumption in September. Diesel demand was howe

India's diesel consumption expected to rise 3%-4% in FY25: IOC Chairman

The arrival of the monsoon in July caused diesel demand to drop due to heavy rains in various parts of India

Diesel consumption to rise 3%-4% in FY25, says Indian Oil chairman

India's annual diesel demand in April-September, half of this fiscal year, rose 1% to 44.4 million tons, according to government data, even though heavy rains curtailed the movement of trucks

Delhi Metro to make 40 extra trips each day amidst rising AQI: Gopal Rai

Delhi's environment minister also announced more anti-pollution measures, including the deployment of more than 6,000 MCD staff for road dust control, and 1,800 traffic personnel at congestion points

Tata Motors receives order for 1000 diesel bus chassis from UPSRTC

This contract follows a previous order from UPSRTC for 1,350 bus chassis, which are currently operational across Uttar Pradesh

Headroom to slash petrol, diesel prices by Rs 2-3 per litre: Icra

A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providing state-owned firms a headroom to cut petrol and diesel prices by Rs 2-3 per litre, rating agency Icra said on Thursday. The price of a basket of crude oil India imports averaged USD 74 per barrel in September, down from about USD 83-84 a barrel in March when petrol and diesel prices were last cut by Rs 2 per litre. In a note, Icra said the marketing margins on retail sales of auto fuels for the Indian Oil Marketing Companies (OMCs) have improved in recent weeks with the reduction in crude prices. The rating agency anticipates that there is headroom for the downward revision of retail fuel prices if crude prices remain stable at current levels. Girishkumar Kadam, Senior Vice President and Group Head, Corporate Ratings, ICRA, said: "ICRA estimates that the OMCs' net realisation was higher by Rs 15 per litre for petrol and Rs 12 a litre for diesel vis--vis international product prices i

Suez crisis: Houthi attacks disrupt India's diesel trade and oil business

Houthi missile strikes on tankers have threatened the competitiveness of Indian fuel exports, prompting out-of-the box solutions like hiring VLCCs to transport fuels

Monsoon dampens diesel sales for retailers in early September, shows data

Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods

Govt plans to use LNG for third of truck fleet, in blow to diesel

India, one of the biggest emitters of greenhouse gases, has set a 2070 net zero goal and wants to raise the share of natural gas in its energy mix to 15 per cent by 2030

India may cut petrol, diesel prices as global oil prices reach 2024 lows

The government last cut petrol and diesel prices by Rs 2 per litre, ahead of the general elections in March 2024

Punjab govt raises fuel VAT, ends power subsidy to tackle fiscal crisis

The Punjab government increased VAT increase on petrol and diesel, raising the tax by 61 paise per litre for petrol and 92 paise per litre for diesel

Govt cuts windfall tax on crude to Rs 2,100/tonne; scraps diesel, ATF levy

India began imposing a windfall tax on crude oil producers in July 2022 and extended it to include the export of gasoline, diesel, and aviation fuel

Pak Prime Minister slashes petrol prices by Rs 8.47, diesel by Rs 6.7

The price of petrol is now Rs 260.96 per litre, while HSD stands at Rs 266.07 per litre. The reduction came ahead of Pakistan's Independence Day celebrations

India's July diesel, ATF exports to S'pore, Australia to hit 2.5-yr high

Jump in middle distillates exports from swing supplier India to the Asia Pacific will likely cap prices and refiners' margins in the region

India only country where petrol, diesel prices declined: Petroleum min Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday said India is the only country where rates of petrol and diesel have come down between November 2021 and April 2024. Replying to various queries during Question Hour in Rajya Sabha, the minister also informed that the government is encouraging dialogue between Oil Marketing Companies (OMCs) and dealers regarding margins for the latter. Puri noted that petrol and diesel were deregulated during the UPA government. Deregulation means that prices of the commodity in the market are not set by the government, he added. "Prices here being high and elsewhere being low. It's exactly the opposite. In India today, the prices are the lowest and is the only country where prices have actually come down," Puri said. He attributed this to very bold, ambitious and farsighted decisions taken by the Prime Minister. "The prices in the world, I am giving you a two-year reference period between November 2021 and April 2024. Why I'm

Windfall tax on petroleum crude cut to Rs 3,250 per MT from Rs 5,200

The tax, which is revised every fortnight, remained unchanged at zero for diesel and aviation turbine fuel