In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83
In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83
In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83
In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83
In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83
These companies are banking on rising fuel demand predicated on growing vehicle ownership and rising mobility
The accelerated time frame comes as global automakers shift toward less-polluting vehicles
India's coal import rose 20.4 per cent to 19.92 million tonnes (MT) in the month of May. The country had imported 16.54 MT of coal in May last fiscal, according to data compiled by mjunction Services. "On a year-on-year basis, however, India's coal and coke imports in May 2021 were up 20.4 per cent as against 16.54 MT clocked in May 2020," it said. Import volumes of dry-fuel, it said, are expected to remain subdued in the ongoing monsoon season on account of lower demand, firm prices and high freight rates. India's coal import also rose 25.4 per cent to 42.19 MT in the first two months of the ongoing fiscal, against 33.63 MT of coal imported in the corresponding period of previous financial year, it said. Of the total import in May, non-coking coal was at 13.64 MT, against 10.54 MT imported in May last financial year. Coking coal import was at 4.41 MT, up against 3.18 MT imported in May last fiscal. During April-May, non-coking coal import was at 28.96 MT as compared to 22.82 MT
Petrol sales rose 5.6 per cent year-on-year to 2.4 million tonnes in June.
Fuel consumption, a proxy for oil demand, rose 8% from May to 16.34 million tonnes
Oil prices slipped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious Covid-19 variant Delta sparked new mobility restrictions around world
All eyes will be on the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, to see what happens at their meeting on Thursday.
By Stephanie Kelly
Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand
India was under one of the world's strictest lockdowns in May last year, which brought all mobility and economic activity to a grinding halt.
Brent crude futures edged up 13 cents to $72.65 a barrel to 1145 GMT, a day after closing at their highest since May 2019
Oil prices fell on Thursday as inventory data in the United States, the world's top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand
Brent crude futures were up 32 cents, or 0.4%, at $72.54 a barrel at 0640 GMT, having earlier touched $72.83, the highest since May 20, 2019.
Brent crude futures were up 16 cents, or 0.22%, at $71.51 a barrel by 1244 GMT after touching their highest since September 2019 at $71.99. The international benchmark had gained 1.6% on Wednesday
Oil demand across wide swathes of Asia has been hurt by resurgent coronavirus waves in recent months