India’s diesel demand to double by 2029-30, government says
India’s diesel demand is likely to double to 163 million tonnes (MT) in 12 years as consumption rises in the world’s fastest-growing economy, Oil …
Fuel price reduction to hit Indian OMCs’ financial profiles
The Indian government’s directive to the country’s three state-owned oil marketing companies (OMCs) to reduce petrol and diesel prices will have a …
Diesel guzzler Indian Railways planning to turn to natural gas to cut cost
Indian Railways has signed a preliminary deal with gas firm GAIL (India) Ltd to use natural gas in some of its operations, part of a drive by the …
India’s fuel demand rose to record highs in May; imports from Iran surge to highest since 2016
India’s domestic demand of diesel and petrol rose to record highs in May, pushing the country’s overall fuel consumption for the month higher …
India’s fuel blues to get worse
With oil turning costlier relentlessly – Brent crude went past $80 a barrel yesterday, up 3.3 per cent from a week ago and a three-and-half-year high – the …
Diesel breakthrough may slow electric vehicle adoption, says Fitch
A recent technology breakthrough announced by Bosch, which the company claims can radically reduce nitrogen oxide emissions from diesel engines, has the …
India’s diesel demand to rise in case of a strong monsoon
A normal monsoon could boost India’s demand for diesel, as the agrarian sector in the world’s third-largest energy consumer would need more of it for …
COMMENTARY – Will India reduce excise duty on petrol and diesel to ease rising retail prices?
The Indian government is in a bind. Rising global crude prices at a time when the ruling Bhartiya Janata Party (BJP) has to face key state elections in 2018 is …
India’s fuel demand surges 10% in September; biggest expansion in over a year
India’s fuel demand surged 9.9 per cent in September, the biggest expansion in more than one year, after petrol and diesel consumption soared. The world’s …
GST rate structure for India’s oil and gas industry
India has announced a new goods and services tax (GST) structure for the oil and gas industry to reduce the cascading of taxes on account of non-inclusion of …