Page 2 - Gasoline
Russia calls temporary halt to gas, diesel fuel exports to stabilise prices
Russia has announced a ban on exports of gasoline and diesel fuel, aiming to stabilise rising domestic prices and improve the country's fuel supply. The government decree issued on Thursday said the restrictions would be temporary but did not give a date for them ending. The move was expected to lead to increased fuel prices in the world market. Russia's exports of diesel fuel are estimated at about 9,00,000 barrels a day and the country has exported 60,000-1,00,000 barrels of gasoline daily, state news agency Tass reported. Tass said domestic fuel prices dropped by about 4 per cent after the ban was announced. The ban will not apply to other countries in the Moscow-led Eurasian Economic Union trading bloc Armenia, Belarus, Kyrgyzstan and Kazakhstan.
 "Russia calls temporary halt to gas, diesel fuel exports to stabilise prices")
India's gasoline demand likely to recover from late August: HPCL official
The local sale of diesel by private refiners is also denting sales by state-run companies, the official said
 "India's gasoline demand likely to recover from late August: HPCL official")
A 445% price jump makes tomatoes more pricey than gasoline in India
Heavy rains in some growing areas and hotter-than normal temperatures last month hit output of the crop, causing a fivefold increase in prices this year
 "A 445% price jump makes tomatoes more pricey than gasoline in India")
India state fuel retailers' gasoil, gasoline sales flat in June: Report
Monsoon rains also reduce demand from the agriculture sector as less irrigation-related requirements decrease
Top Toyota scientist warns against ditching gasoline too soon ahead of G7
While Toyota and other Japanese carmakers pioneered hybrid technology, they have been slow to ramp up EV output
 "Top Toyota scientist warns against ditching gasoline too soon ahead of G7")
Gasoil, gasoline sales of PSUs rose by 4.8% in April to 238,500 tonnes
Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity
 "Gasoil, gasoline sales of PSUs rose by 4.8% in April to 238,500 tonnes")
US consumer prices rise moderately in March; underlying inflation still hot
The Consumer Price Index (CPI) climbed 0.1% last month after advancing 0.4% in February, the Labor Department said on Wednesday
 "US consumer prices rise moderately in March; underlying inflation still hot")
Govt may extend diesel, gasoline export curbs beyond March 31: Report
The extension of rules may discourage some Indian refiners, mainly private companies, from buying Russian fuels for re-exports to countries
 "Govt may extend diesel, gasoline export curbs beyond March 31: Report")
Cold weather hits India's gasoline, gasoil sales in Jan: Prelim data
Sales of gasoline and gasoil by Indian state-run retailers declined in January from the previous month as cold weather in parts of the country
 "Cold weather hits India's gasoline, gasoil sales in Jan: Prelim data")
India's fuel demand hits 9-month high in Dec due to uptick in PV sales
On a daily basis, consumption of gasoline rose marginally in December compared to the previous month
 "India's fuel demand hits 9-month high in Dec due to uptick in PV sales")
Relief for pilot training schools as Indian Oil begins Avgas production
Global Avgas market is expected to grow from the current $ 1.92 billion to $ 2.71 billion by 2029
 "Relief for pilot training schools as Indian Oil begins Avgas production")
India's August fuel demand rises 16.3% y-o-y to 17.81 million tonnes
Sales of gasoline, or petrol, were 11.6% higher from a year earlier at 3 million tonnes
 "India's August fuel demand rises 16.3% y-o-y to 17.81 million tonnes")
Oil slips to six-month low as fears over global recession weigh
Oil fell on Wednesday to a 6 month low after a brief respite as concerns about the prospect of recession that would weaken demand overshadowed a report showing lower US crude & gasoline stocks
 "Oil slips to six-month low as fears over global recession weigh")
Oil prices edge up on low inventories, high gasoline demand in U.S
Oil gained more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors.
 "Oil prices edge up on low inventories, high gasoline demand in U.S")
Oil slips below $100 again as gasoline, food drive US inflation higher
Despite a tight physical oil market, investors have sold oil futures on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
 "Oil slips below $100 again as gasoline, food drive US inflation higher")
Windfall tax: RIL's refining margins to be hit by upto $8/bbl, say analysts
The government has imposed a sharp windfall tax of Rs 13 per litre on diesel exports and Rs 6 per litre on gasoline exports
 "Windfall tax: RIL's refining margins to be hit by upto $8/bbl, say analysts")
India feels the heat as investors face brutal emerging markets selloff
The government raised import taxes on gold, while increasing levies on exports of gasoline and diesel in an attempt to control a fast-widening current account gap.
 "India feels the heat as investors face brutal emerging markets selloff")
Sri Lanka's economic activity grinds to a halt as fuel supplies run dry
Amidst fuel crisis in Sri Lanka, the government declared Friday a holiday for public offices and schools to curtail vehicular movement, leaving many roads in and around the capital Colombo deserted
 "Sri Lanka's economic activity grinds to a halt as fuel supplies run dry")
Oil jumps to 13-week high on rising US gasoline demand, supply concerns
US gasoline stocks fell despite sky-high pump prices. Analysts had expected gasoline stocks to rise 1.1 million barrel but this was not the case
Oil jumps to 13-week high on rising US gasoline demand, supply concerns
NEW YORK (Reuters) -Oil prices rose about 2% to a 13-week high on Wednesday as U.S. demand for gasoline has kept rising despite record pump prices, on expectations China's oil demand will rise and on supply concerns in several countries.