Petrol demand in India returning to pre-COVID-19 levels in September; diesel still down

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India’s petrol sales rose for the first time in the first half of September since the country’s lockdown in late March, indicating demand may have returned to pre-COVID-19 levels. Petrol sales between September 1 and 15 rose 2.2 per cent year-on-year and were up 7 per cent over the previous month, according to preliminary industry […]

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Sale of diesel in India during August 2020 declined by 12% over July 2020: PPAC

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India’s consumption of diesel in August 2020 was 12 per cent lower than the levels recorded in July 2020, indicating a definite slowdown of economy as lockdown curbs in many areas has slowed industrial and commercial consumption. On a year-on-year basis, diesel consumption was down 20.7 per cent to 4.9 million tonnes in August. Diesel […]

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GAIL finds increase in gas sales to pre-COVID-19 levels by end of this quarter

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State-owned gas utility GAIL India Ltd sees its gas demand returning to pre-COVID-19 levels by the end of the current quarter as the expansion of the city gas network will offset shrinking consumption. its Director (Marketing) E S Ranganathan said in an online forum. GAIL, the country’s largest natural gas marketing and transporting company, sold about 113 […]

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India’s fuel demand continues to weaken as coronavirus crisis worsens

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India’s fuel demand dragged lower in July, posting its fifth consecutive year-on-year decline, government data showed on Tuesday as a spike in coronavirus cases and floods in many parts of the country restricted economic activity. Consumption of refined fuels, a proxy for oil demand, fell to 15.68 million tonnes in July, 11.7 per cent lower compared with […]

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India’s oil refiners shut down for maintenance as domestic fuel demand decreases

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Domestic refiners — both state-owned and private sector — are initiating annual maintenance shutdowns for their refining capacities. The shutdown coincides with dwindling demand for petroleum products, after a strong revival in May and June. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), and Indian Oil Corporation (IOC) have all undertaken a maintenance shutdown in the […]

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