Page 3 - Fuel Imports

India's fuel sales moderate in April, fall 4% MoM at 18.6 mn tonnes

(Reuters) - India's fuel consumption moderated and slipped 4% in April from the previous month, data showed on Tuesday, as elevated domestic prices slowed activity

Oil, toil and turmoil

India's geological potential remains largely unexplored because of policy hostility and high-handed taxation rather than the lack of expertise

Sri Lanka to exhaust $500 million Indian fuel credit line by April end

The $500 mn credit line provided by India for fuel will be exhausted after the delivery of another 120,000 tons of diesel and 35,000 tons of petrol to Sri Lanka in the remaining period of this month.

Sri Lanka's economic crisis deepens; cabinet ministers offer to resign

The debt-laden country is struggling to pay for imports of fuel and other essentials due to a severe shortage of foreign currency

US officials eye fuel supply for commercial advanced nuclear reactors

The development of commercial advanced nuclear reactors will need a better supply of the right type of nuclear fuel, U.S. officials said

China so far non-committal to Washington's oil release, OPEC+ unmoved

US plans to release millions of barrels of oil from strategic reserves in coordination with other large consuming nations, including China, Japan and India.

India needs to reduce dependence on import of crude oil: Nitin Gadkari

"Situation of state-run Discoms are very bad and are running on losses. In power, their principle is 'more generation, more losses, no generation, no losses', Gadkari said.

Current account comes under pressure from oil, gold and coal imports

However, current account deficit won't be unmanageable as was the case in 2011-13, say experts

Diesel crosses Rs 100 in MP; Sikkim latest state to have petrol at Rs 100

Petrol has crossed Rs 100 a litre mark in Mumbai, Chennai, Bengaluru, Hyderabad and Pune.

UN says Hamas-run Gaza strip will again receive Qatar-funded fuel

Shipments of Qatari-funded fuel into the Gaza Strip will resume for the first time since last month's 11-day war between Israel and Gaza's militant Hamas rulers, the UN envoy to the Mideast said

Oiling the recovery

Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India

Coal India aims to substitute 80-85 million tonne of imported fuel in FY'21

State-run Coal India is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal, an official said

Fuel demand climbs for 3rd straight month in November over renewed activity

Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, edged up 0.6% month-on-month

Fighting fuel dependence

India has to think strategically to ensure macro stability