Page 2 - Fuel Demand

Madras High Court issues set of directions on setting up of fuel outlets

The Madras High Court has directed the Petroleum and Explosive Safety Organisation (PESO) to conduct due enquiry while granting prior site approval and satisfy themselves that the site, where fuel outlets are to be located, satisfy all the criteria mentioned under relevant rules. According to PESO, formerly known as Department of Explosives, it is the nodal agency for regulating safety of hazardous substances such as explosives, compressed gas and petroleum. The first bench comprising Chief Justice S V Gangapurwala and Justice D Bharatha Chakravarthy gave the directive in a recent order while disposing of a Public Interest Litigation filed by advocate VBR Menon, which among other things sought a direction to the authorities to formulate and notify, within a prescribed time limit, appropriate site inspection and verification procedures for adherence while issuing prior site approvals and final explosive licences in Form No.XIV to the Petroleum Retail Outlets. The bench said for ...

Fuel consumption rises 6.2% to 20 mn tonnes in December, shows data

Sales of gasoline in December slipped 4.5 per cent from the previous month to 2.99 million tons

Truckers' stir: HC issues notices to state, Centre on PILs over fuel supply

The Madhya Pradesh High Court on Tuesday issued notices to the state and the Centre after hearing two PILs seeking its direction to both governments to ensure an adequate supply of essential commodities including fuel and foodgrains, in view of the strike by truckers. The Public Interest Litigations came up for hearing before the division bench of Chief Justice R Malimath and Justice Vishal Mishra. The PILs were filed by Akhilesh Tripathi and Nagrik Upbhokta Margdarshak Manch, both from Jabalpur. State Advocate General Prashant Singh assured the high court to take necessary action in this matter. Advocate Pankaj Dubey, appearing for petitioner Tripathi, submitted that due to the strike called by the All India Motor Transport Congress, Madhya Pradesh Tanker Workers Association and Samyukta Transport Morcha (India), there is a panic situation in Madhya Pradesh. Seeking directions from the HC to the Union and MP governments, Dubey said they are duty-bound to ensure smooth ...

Truck drivers' protest: Refilling of tankers carrying fuel begins in Maha

Amid protests in parts of Maharashtra by some truckers' associations against stricter punishments in the new law on hit-and-run cases, the refilling of tankers carrying petrol and diesel started at all except four depots of oil companies in the state started from Tuesday afternoon, an official of petrol dealers' body said. There are around 10 depots of oil companies in the state, he said. Petrol pumps in Mumbai, Nagpur and other parts of the state witnessed long queues on Tuesday as people came to fill up their vehicle tanks fearing shortage of fuel amid the protest by truck drivers. The fuel supply to petrol pumps was affected due to the drivers' agitation since Monday. Talking to PTI, Uday Lodh, president of the 'Federation of All Maharashtra Petrol Dealers Association' (FAMPEDA) said citizens should not panic about the shortage of fuel as the refilling of tankers has resumed at all the fuel depots of the oil marketing companies in the state except four. "Except the four fuel ...

Truckers' protest: Long queues at fuel pumps in T'gana amid shortage fear

Long queues were witnessed at petrol pumps in several parts of Hyderabad on Tuesday as people thronged them fearing shortage of fuel amid a protest by truck drivers against a provision in the new penal law on hit-and-run accident cases involving motorists. As a large number of motorists gathered at the fuel outlets for petrol and diesel, the queues spilled over to the main roads, resulting in traffic jams at several places for some time, though it was brought under control by evening, police officials said. "(Fuel) availability is there. People are apprehensive that due to the agitation by truck drivers, it may not be available and they are going to petrol pumps in large numbers, following which queues were formed and subsequently spilled over to the roads resulting in traffic jams initially," a senior police official said. A petrol retail outlet owner told a TV channel that fuel supply to petrol pumps in the city was indeed hit by to the truck drivers' protest since ...

ATF price cut by 4%; commercial LPG rate down Rs 1.5 per cylinder

Jet fuel or ATF price on Monday was cut by 4 per cent, the third straight monthly reduction, and commercial cooking gas (LPG) rates were marginally lowered by Rs 1.50 per 19-kg cylinder in line with international benchmarks. However, the price of domestic LPG -- used in household kitchens for cooking purposes -- remained unchanged at Rs 903 per 14.2-kg cylinder. Aviation turbine fuel (ATF) price was cut by Rs 4,162.5, or 3.9 per cent, in the national capital to Rs 101,993.17 per kl, according to price notifications of state-owned fuel retailers. This is the third straight monthly reduction in jet fuel prices. ATF price was cut by almost 6 per cent (Rs 6,854.25 per kl) in November and by Rs 5,189.25, or 4.6 per cent, in December. The three rounds of reduction have wiped away almost 45 per cent of the Rs 29,391.08 per kl increase in rates effected in four monthly tranches starting July 1. The reduction in the price of jet fuel, which makes up for 40 per cent of an airline's operatin

India's fuel demand slips in Nov from 4-month peak, hit by reduced travel

It was down about 2 per cent compared with the same period a year earlier

August fuel consumption perks up by 6.5% on strong manufacturing

India's factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey

India's fuel sales slow down due to monsoon rains, shows prelim 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

Oil prices fall as China woes offset boost from high US fuel demand

Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session

Lubes market to grow 3% CAGR in India, continued demand likely: Report

Indian lubes market is expected to grow at a compounded annual growth rate (CAGR) of 3 per cent, with the country likely to see continued demand for lubricants notwithstanding the emergence of the electric vehicle segment, according to a report. On the contrary, the other key markets of the US, China, Japan and Russia, may witness a decline or slowdown in demand, as per the 'Kline's Global Lubricants 2022: Market Analysis and Assessment' report shared at an industry event here on Wednesday. The factors that will drive this progression include a growing digital economy, industrialization, urbanization, increasing discretionary spending, and increased investments in infrastructure development, it said. In 2021, India's lubricant market bounced back with double-digit growth after witnessing a strong decline in 2020 due to the COVID-19 pandemic. The market continued to grow further and exceeded pre-pandemic demand levels in 2022, it said. The report noted that India is a bright spot i

Oil, petrol sales of state retailers decline in July amid heavy rains

Demand from the agriculture sector also gets affected in this period due to fewer irrigation-related requirements

Fossil-fuel demand for electricity may have peaked following RE's growth

From China to Europe, the capacities of solar, battery and wind power are surging, the Rocky Mountain Institute said in an analysis released Thursday

Oil prices ease on fears of more interest rate hikes denting fuel demand

Leaders of the world's top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation

India's diesel sales soar, overall fuel consumption eases in April

Consumption was down to about 18.41 million tonnes from 18.45 million a year ago

Fuel demand slips in January from nine-month peak on back of lower mobility

Sales of diesel fell 7.6% in January from a month ago to 7.18 million tonnes, while sales of gasoline, or petrol, fell 5.3% to 2.82 million tonnes, the PPAC data showed

Oil prices rise to $88 a barrel on back of stronger China outlook

Last week Brent rose 2.8%, while the U.S. benchmark logged a 1.8% gain

Oil prices gain around 1% on optimism over China's fuel demand recovery

But OPEC kept its 2023 global demand growth forecast unchanged

India's fuel demand hits 9-month high in Dec due to uptick in PV sales

On a daily basis, consumption of gasoline rose marginally in December compared to the previous month

Fuel demand in India hits eight-month peak in November amid festivals

Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data