Education, healthcare, access to basic facilities are lower than national average
Diesel, the most-used fuel in the country, saw sales jumping 47.8 per cent year-on-year to 3.4 million tonnes between June 1-14.
India's oil product demand in May was up 860,000 barrels per day or 22 per cent year-on-year from a low base in 2021, S&P Global Commodity Insights said in a note.
West Asia is also India's biggest supplier of LPG, the fuel that is used in kitchens. India imported 48 million tonnes, or 58 per cent of the fuel used in the last three fiscals
Amidst the ongoing economic catastrophe in Sri Lanka, the inaccessibility to LPG cylinders for over a month has resulted in locals' protest outside Slave Island PS in Colombo on Saturday.
With the new revision, the cooking gas cylinder will now retail at Rs 999.50 in Delhi.
A statement from the office of PM Mario Draghi read, excise taxes on gasoline, diesel fuel, liquified petroleum gas, and all forms of natural gas will be lowered starting Tuesday, until atleast July 8
The price of 19-kg commercial LPG cylinder was on Sunday hiked by Rs 102.50, the third straight monthly increase. With this, the 19-kg commercial cooking gas cylinder will now cost Rs 2,355.50, according to a price notification of state-owned fuel retailers. The commercial LPG price was increased by Rs 105 on March 1 and by Rs 250 on April 1. However, there has been no change in the prices of domestic gas cylinders. In March, the price of domestic cooking gas (LPG) was hiked by Rs 50 per cylinder. A 14.2-kg LPG cylinder is costing Rs 949.50 in Delhi from March 22 onwards.
This is the second hike in a month. With this, the 19 kg commercial cooking gas will now cost Rs 2,253. The commercial LPG was increased by Rs 105 on March 1.
Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre
India's oil demand rose from 4.51 million barrels per day in 2020 to 4.76 million bpd in 2021, recording a 5.61 per cent growth
While India has been on a recovery path until now, high oil prices at present could lead to some demand destruction, says an analyst
PSU major Indian Oil Corp is planning three new plants in the Northeast to increase its LPG bottling capacity by nearly 53 per cent to eight crore cylinders annually by 2030
Consumption of aviation fuel would likely increase by nearly 50% to 7.6 million tonnes, compared with the revised estimate of 5.1 million tonnes for the year ending March 2022
Sidhu's promises virtually outdo those of Aam Aadmi Party national convenor and Delhi Chief Minister Arvind Kejriwal
The Centre continues to subsidise freight for domestic LPG deliveries in far-flung areas
The national oil marketing companies have increased the price of commercial 19kg LPG cylinder by Rs 100.50, taking the new price to Rs 2,101 in Delhi
The subsidy will remain within budgeted levels even though the average international price of LPG from April to October 2021 is 52.49% higher than the full-year average of FY21
Move meant to increase financial viability of fair-price shops
LPG rates were last hiked by Rs 15 per cylinder on October 6, taking the total increase in rates since July to Rs 90 per 14.2-kg cylinder