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


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


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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