Page 3 - Fuel Demand

Fuel sales soar 22%-26% in Oct on festive season demand: Industry data

India's fuel sales soared in the first half of October with an across-the-board surge in transportation fuel demand on the back of the economic activity picking up as festival season kicked in, preliminary industry data showed. Petrol and diesel sales jumped 22-26 per cent year-on-year while also rising month-on-month in the first half of October. Petrol sales soared 22.7 per cent to 1.28 million tonne during October 1-15 when compared to 1.05 million tonne of consumption in the same period last year. Sales were 31 per cent higher than COVID-marred first half of October 2020 and 33.4 per cent more than pre-pandemic October 1-15, 2019. Demand was 1.3 per cent higher than the first half of September 2022. Diesel, the most used fuel in the country, posted a near 27 per cent rise in sales in the first fortnight of October to 3.08 million tonne when compared to the same period last year. Consumption was up 16 per cent over October 1-15, 2020 and 26.6 per cent higher than pre-COVID 2019

India's fuel demand slips to 10-month low in September: Government data

India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed

India's September fuel demand rises 8.1% YoY, gasoline sale 8.8% higher

India's fuel demand rose 8.1% in September compared with the same month last year

Centre aims to boost refining capacity as fuel demand continues to rise

The oil ministry has been asked by the government to prepare a report on the country's future fuel demand and refining capacity needs

Oil prices slump again, hit by demand concerns over Covid-19 restrictions

Some OPEC+ members have called for cuts. The group is next due to meet on Sept. 5 amid weakening demand in Asia that spurred Saudi Arabia to lower its official selling prices to that region

Oil recoups some losses on Tuesday on signs of firm US fuel demand

API data showed crude stocks rose by about 593,000 barrels, against analysts' estimates of a drop of around 1.5 million barrels

Oil prices fall by 1% over fuel demand worries ahead of OPEC+ meeting

Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar

Oil prices slip ahead of US inventory data as fuel demand weakens

(Reuters) -Oil prices fell over $2 a barrel on Wednesday before recouping some losses, under pressure from global central bank efforts to limit inflation and ahead of an expected buildup in U.S. crude inventories as fuel demand weakens.

Shipping costs soar as Russian fallout overpowers global fuel flows

The Russian invasion has exacerbated a tightening of energy markets, upending trade flows and forcing buyers to scour the world for alternative fuel supplies

As politics shapes policy, India's private fuel retailers run on fumes

quasi-administered price regime and the imposition of Universal Service Obligations is complicating their business plans

Five-day work week, curtailed foreign trips as Pak battles an energy crisis

Pakistan announced a six-day work week soon after Sharif took over as the new prime minister in April

China issues 4.5 MT of quotas for fuel exports to ease demand: Report

The new issue will bring the total of refined fuel export quotas this year to 17.5 million tonnes, still significantly lower than the 29.5 million tonnes allotted under the first issue of 2021

Oil steady despite Libya supply drop, Shanghai preparing to reopen

Brent crude futures rose 21 cents, or 0.2%, to $113.37 a barrel at 0020 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $108.19 a barrel

India's March fuel demand hits 3-year high, petrol sales at all-time peak

As the economy continued to rebound from the deep impact of the third wave of the COVID-19 pandemic, demand for transport fuel rose in March

Crisis-hit Sri Lanka sends military personnel to oversee fuel distribution

Sri Lanka ordered its military to post soldiers at hundreds of gas stations on Tuesday, to help distribute fuel after a sudden rise in prices of key commodities

India's Feb oil imports at highest since Dec 2020 as refiners boost runs

India's crude imports rose in February to 4.86 million (bpd), their highest since December 2020, preliminary data from trade sources showed, as refiners cranked up runs to meet increasing demand

Centre anticipates fuel demand to grow 5.5% in the next fiscal year

Local demand for gasoline, used mainly in passenger vehicles, is expected to rise by 7.8%, while gasoil consumption was slated grow by about 4%

India's fuel demand reined in by Covid-19 restrictions in January

Fuel consumption in the world's third biggest oil consumer, a proxy for oil demand, totalled 17.61 million tonnes, down 3.7% from December

Fuel demand, capacity addition by refiner likely to inflate oil import bill

Demand for all fuels rose 5 per cent in the April-December period to 148 mt from a year earlier, according to the oil ministry

India's fuel demand will continue to recover through this quarter: Fitch

India's fuel demand will continue to recover through the current quarter as the easing of Covid-19 pandemic-related restrictions boosts economic activity, Fitch Ratings said on Monday