Page 8 - Fuel Demand

Covid-19 lockdown and taxes eat away at diesel's edge over petrol in India

Refiners are expected to focus on making less diesel and more gasoline and petrochemicals to respond to changing demand

Big Oil was already in decline; Covid-19 has been like an asteroid strike

The pandemic won't bring about the imminent demise of companies, but it will almost certainly hasten their metamorphosis.

India's September fuel demand declines about 4.4% to 15.47 mn tonnes

Sales of gasoline, or petrol, rose by 3.3% from a year earlier to 2.45 million tonnes

Top headlines: Manufacturing expands at fastest pace in 8 years in Sept

From SC ordering full refund of air tickets booked amid lockdown to Maruti Suzuki reporting 31% sales growth in Sept, Business Standard brings ypu top news of the evening

Petrol sales up 2% in September, diesel down 7.3% YoY: Indian Oil

Petrol sales by state retailers recovered to their level before the coronavirus pandemic for the first time since March

India's fuel demand to contract 11.5% in 2020: Fitch Solutions forecast

Fitch Solutions has revised downward its forecast for fuel demand contraction in India to 11.5 per cent in 2020 in line with further deterioration in the country's economic outlook

Oil prices head for second weekly gain amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10, heading for a gain of about 1.6% this week

Covid-19 crisis: Hit by local lockdowns, fuel demand falls 12% in July

Fuel consumption, a barometer of economic activity in the country, had slumped by over 45 per cent in April as nationwide lockdown halted most vehicular traffic and shut industries

Domestic refiners shut down for maintenance as fuel demand wanes

Some firms also cut down their throughput

Fuel demand recovery stalled in July amid Covid lockdown, prices: Report

Sale of Aviation Turbine Fuel (ATF) rose 3.8 per cent in July from a month earlier but is down 65 per cent from the July of 2019

Low fuel demand drives IOC's pre-tax profit down 42% to Rs 3,204 cr in Q1

June quarter revenue down 41% to Rs 90,106 cr, GRM was minus (-) $1.98 a barrel as compared to $4.69 a barrel in the year-ago quarter

Fuel prices unchanged for fourth day in India over stability in oil market

Oil companies kept petrol and diesel prices unchanged on Thursday taking global cues where benchmark crude oil prices have remained static around $43 a barrel for the past few days now

End game for oil? OPEC prepares for an age of dwindling demand

OPEC faces a dramatic adjustment if consumption starts a permanent decline

Oil edges higher on weaker dollar, but demand threats from US China tension

Brent crude rose by 6 cents, or 0.1 per cent, to $43.37 a barrel by 0634 GMT, and US West Texas Intermediate (WTI) crude rose by 1 cent to $41.08

Diesel prices hiked by 12 paise despite low demand, petrol unchanged

Diesel was priced at Rs 81.64 per litre on Monday in Delhi, higher than the previous level of Rs 81.52 a litre

Oil prices slip as worsening Covid-19 threatens recovery in fuel demand

More than 14 million people have been infected by the novel coronavirus globally and nearly 602,000 have died, according to a Reuters tally

India's petrol, diesel demand falls again due to high prices, lockdown

India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behind only the United States and Brazil

India's fuel demand continues to recover in June, up 11% over May-levels

Officials said petrol and diesel demand has rapidly climbed due to higher use of private vehicles as commuters avoided public transport

Crude oil falls as growing coronavirus cases stoke fuel demand worries

Increases in the daily cases of the coronavirus, however, globally and in the United States pressured prices

Oil gains on growing fuel demand, even as coronavirus cases surge worldwide

Analysts said satellite data showing a strong pick-up in traffic in China, Europe and across the United States pointed to an improvement in fuel demand