To get a slice of the 20-million-tonne-plus annual sales of packaged domestic liquefied petroleum gas (LPG), parallel marketers, including Reliance Industries (RIL), Nayara Energy and Total, have asked the government of India to allow them to have a level-playing field with the state-run oil marketing companies (OMCs). The companies recently met petroleum and natural gas […]
The price of natural gas may go up by as much as 18% from April 2019, according to a CARE Ratings’ report. As per the New Domestic Gas policy of 2014, which suggests revising natural gas prices every six months, the government may be revising domestic gas prices effective from 1 April 2019, according to […]
China’s energy production maintained stable growth during the first two months of the year, the official Xinhua News Agency quoted the National Bureau of Statistics as saying. Output of liquified petroleum gas rose 7.1 percent year-on-year to 6.43 million tonnes, while gasoline production increased 5.3 percent to 23.8 million tonnes, it said. Fuel output added […]
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 will surpass China to become the second largest oil demand growth centre globally in 2019 on back of buoyant auto fuel and LPG consumption, research and consultancy group Wood Mackenzie said. In a report, Wood Mackenzie said India’s oil demand growth recovered strongly in 2018, overcoming the aftermath of the implementation of Goods and […]
India is working to establish a natural gas trading exchange, Prime Minister Narendra Modi said last week, as part of a shift away from a reliance on crude oil based products which are blamed for much of the country’s pollution problem. “We want to increase the use of natural gas by 2.5 times by the […]
Mongolia launched construction of its first oil refinery on Friday, a long-awaited project that is funded by India and designed to end the country’s dependence on Russian fuel. The ground-breaking ceremony was attended by Mongolian Prime Minister Khurelsukh Ukhnaa and Indian Minister of Home Affairs Rajnath Singh. The refinery, in southern Dornogovi province will be […]
India’s oil consumption surged 4.5 per cent in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared. The nation’s total oil demand expanded to 17.7 million tonnes in the month from 16.9 million tonnes during the same month, a year ago, rising for eight straight months, according […]
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 […]
Here is what others are talking about this morning: Oil prices fall on surprise rise in U.S. inventories, high OPEC output Metals slip as patchy US economic reports spur profit-taking Gold holds near 7-week high on weak U.S. economic data India refiners outshine Asia peers with new output, rising local demand Indonesia’s palm oil exports […]