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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Government confident India’s fuel demand will return to pre-COVID levels: Pradhan

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Fuel demand in India, the world’s third-largest oil importer and third-largest oil consumer, is set to rebound to pre-crisis levels by the end of September, Oil and Petroleum Minister Dharmendra Pradhan said at the virtual Bloomberg-NEF Summit in New Delhi.   India’s fuel sales in June reached 88 per cent of the pre-COVID-19 levels as easing of lockdown […]

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India hikes prices of aviation fuel, LPG

Aviation turbine fuel (ATF) price was hiked by a steep Rs 12,126.75 per kilolitre (kl), or 56.5 per cent, to Rs 33,575.37 per kl in the national capital, according to a price notification by state-owned oil marketing companies. Non-subsidised cooking gas LPG was also raised by Rs 11.5 per cylinder on the back of firming […]

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India’s GST Council is considering bringing jet fuel, natural gas under GST – report

India’s GST Council is considering bringing jet fuel (ATF) and natural gas under the GST ambit this week. However, firming up the GST tax slab is proving to be a deterrent, according to the Press Trust of India (PTI). When Goods and Services Tax (GST) was introduced on July 1 last year, five commodities – crude oil, natural gas, petrol, diesel, and […]

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