Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel, latest government data showed. The Wholesale Price Index (WPI) based inflation was at 2.93 per cent in February. It was 2.74 per cent in March 2018. Inflation in food articles hardened with steep rise in […]
India’s fuel product consumption or sales improved 6.4 per cent to 18.34 million tonnes in January 2019 over a year ago. Fuel products sales went up 3.2 per cent to 176.15 million tonnes in April-January FY2019 Diesel sales increased 6.2 per cent to 7.07 million tonnes, petrol 13.2 per cent to 2.37 million tonnes, LPG 11.1 […]
India’s fuel demand rose 7.4 per cent in July compared with the same month last year. Consumption of fuel totalled 17.06 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. The rise comes on back of a 8.6 percent growth in June when demand totalled 17.99 million tonnes. […]
Encouraged by the government’s decision to allow production of ethanol directly from sugarcane, independent distilleries are planning to commence their operations in October this year. The decision assumes significance in the wake of bumper cane output this year, the second year in a row. The government of India has announced interest subvention for both, greenfield and brownfield […]
India’s wholesale price inflation (WPI) rose to a four-month high of 3.18 per cent in April on increasing prices of petrol and diesel as well as fruits and vegetables. Wholesale Price Index (WPI)-based inflation stood at 2.47 per cent in March and 3.85 per cent in April last year. WPI inflation, which was on a […]
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 fastest-growing oil consumer used 16.25 million tonnes of petroleum products in September as compared to 14.78 million tonnes in the same period a year ago, according to data released by […]
Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, the International Energy Agency (IEA) said in a report on trucking. Trucks are a major contributor to the growth in transport-fuel consumption, as well as rising carbon dioxide and air pollutant […]
India’s Union Petroleum Minister Dharmendra Pradhan said that Russian oil giant Rosneft planned to tap the retail fuel market in India in a big way. “Rosneft, the Russian oil major, who recently took over Essar Oil, are planning in a bigway to tap retail fuel market in India,” he told reporters in Bengaluru after inaugurating […]
The global shipping industry is dreading a regulatory decision that while reducing maritime pollution, will nearly double fuel costs in a sector already reeling from its worst downturn in decades. In an attempt to curb emissions from ships, the UN International Maritime Organization (IMO) has placed a cap on sulphur content in marine fuel oil […]
China just extracted gas from ‘flammable ice’, and it could lead to a brand new energy source. Reports from the Ministry of Land and Resources say that the country has successfully extracted methane hydrate — also known as “flammable ice” — from beneath the South China Sea, just 300 kilometers southeast of Hong Kong. “We brought the gas […]
