High fuel prices restrain India’s fuel demand in April 2022

India’s petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record high prices dented demand, preliminary industry data showed. Petrol sales growth moderated to 2.1 per cent in April when compared with the same period in the preceding month, while diesel demand was almost flat. Cooking gas LPG, which had consistently […]

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India sells record fuel in March 2022; highest in three years

India’s fuel demand soared 4.2 per cent to a three-year high in March 2022 as petrol and diesel consumption rose above pre-pandemic levels, according to official data released. Total petroleum product consumption in March stood at 19.41 million tonnes, the highest since March 2019, data from the Petroleum Planning and Analysis Cell of the oil ministry showed. […]

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India Oil’s subsidiary to release 6,000 tonnes of diesel in Sri Lanka to help ease its neighbour’s power crisis  

The Indian Oil Corporation (IOC) will release 6,000 tonnes of diesel to Sri Lanka as it pitches in to mitigate the spike in power cuts in the island nation, which is facing an unprecedented economic and energy crisis caused due to shortage of foreign exchange, officials here said on Thursday. Power cuts lasting over 13 hours was […]

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