India has delivered around 40,000 metric tonnes of petrol to Sri Lanka, days after supplying 40,000 metric tonnes of diesel under the Indian credit line to help ease the acute fuel shortage in the debt-ridden island nation which is grappling with its worst economic crisis. India extended an additional $ 500 million credit line to Sri Lanka […]
India announced a series of measures, including a a cut in excise duty on petrol and diesel, and a reduction in import duty on raw materials for plastics and steel, to control price rise as inflation rose to an eight-year high due to an uncertain global situation because Russia’s invasion of Ukraine that has led […]
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 […]
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. […]
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 […]
After hike in rates of petrol, diesel and LPG, the prices of CNG and cooking gas piped to household kitchens (PNG) in the national capital were hiked last week by Re 1. CNG price in Delhi has been increased to Rs 59.01 per kg from Rs 58.01, according to the information posted on the website of Indraprastha […]
Domestic cooking gas (LPG) price has been hiked by Rs 50 per cylinder in line with a spike in international energy prices. A 14.2-kg non-subsidised LPG cylinder will now cost Rs 949.50 in the national capital. This is the first increase in LPG rates since early October. Prices have been on a freeze since then […]
After staying above $ 100 per barrel for two weeks, international oil prices fell to $ 99.84 a barrel on Tuesday, easing margin pressure on fuel retailers who have been holding petrol and diesel prices despite a spike in the cost of raw material. Brent crude oil prices, which soared past $ 100 per barrel on February […]
India, the world’s third-largest energy-consuming and importing nation, is hoping on resumption of crude oil supplies from Venezuela and Iran as well as higher production from OPEC+ nations to help cool international oil prices that have hit multi-year highs. It will also evaluate the Russian offer to sell crude oil at discounted prices after considering […]
With international oil prices – on which domestic fuel retails are directly benchmarked – spiking in the last two months to exceed $ 1110 a barrel, state-owned fuel retailers “need a massive price hike of Rs 12.1 per litre on or before March 16, 2022, just to breakeven and a price hike of Rs 15.1 […]
