Page 8 - Fuel Demand

Diesel sales fall 5% in November after reaching pre-Covid levels in October

India's diesel sales fell 5 per cent in the first half of November when compared with the previous year, industry data showed on Monday, after rising for the first time in eight months in October

India's fuel demand posts its first yearly increase since February

Diesel demand soared 7.4 per cent year-on-year to 6.5 million tonnes while petrol sales were up 4.5 per cent at 2.54 million tonnes.

India's October fuel demand marks first year-on-year gain in 8 months

Activity in India's dominant services industry also expanded for the first time in eight months in October as demand surged

Renewed Covid-19 lockdowns in UK, Europe slows down pace of fuel demand

As the second wave of the virus hit many Western countries, governments imposed new lockdowns, closing restaurants and bars and banning gatherings

India's diesel consumption up first time in 8 months, rises 6.6% in Oct

Sales of gasoil, which account for about two-fifths of India's fuel demand, rose 27.5% from September.

Indian refiners bet on petrochems to cater rising demand, avoid low margins

At present Indian refiners are geared up to maximise output of diesel, which makes up about two-fifths of refined fuel demand in Asia's third-largest economy

Demand for petrol and diesel back to normal, jet fuel remains tepid

Diesel purchases went up for first time this financial year in October 1-15 period. Consumption of diesel was up 8.8%, of petrol by 1.5% YoY

BPCL to cut dependence on Middle East LPG, seek bids from global suppliers

The latest tender is aimed at getting better prices for supplies compared with those from the Middle East and to diversify sources of LPG, according to the objectives listed in the document

Expecting demand bump in festive season, oil companies ramp up refining

Indian Oil Corp., the nation's top processor, is currently operating its refineries at an average rate of 86% of capacity, compared with 66.7% in August

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