Sales of gasoline, or petrol, were 11.6% higher from a year earlier at 3 million tonnes
Oil fell on Wednesday to a 6 month low after a brief respite as concerns about the prospect of recession that would weaken demand overshadowed a report showing lower US crude & gasoline stocks
Oil gained more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors.
Despite a tight physical oil market, investors have sold oil futures on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
The government has imposed a sharp windfall tax of Rs 13 per litre on diesel exports and Rs 6 per litre on gasoline exports
The government raised import taxes on gold, while increasing levies on exports of gasoline and diesel in an attempt to control a fast-widening current account gap.
Amidst fuel crisis in Sri Lanka, the government declared Friday a holiday for public offices and schools to curtail vehicular movement, leaving many roads in and around the capital Colombo deserted
US gasoline stocks fell despite sky-high pump prices. Analysts had expected gasoline stocks to rise 1.1 million barrel but this was not the case
NEW YORK (Reuters) -Oil prices rose about 2% to a 13-week high on Wednesday as U.S. demand for gasoline has kept rising despite record pump prices, on expectations China's oil demand will rise and on supply concerns in several countries.
In line with the unexpected industrial output decline, China processed 11% less crude oil in April, with daily throughout the lowest since March 2020.
National fuel prices in the US have been surging for the past month amid the Russian special military operation in Ukraine and a cascade of sanctions imposed on Moscow that followed it.
India's gasoline and gasoil sales rose above pre-Covid levels of 2019 in the first half of March, preliminary data released on Wednesday showed
Russia is the world's top exporter of crude and oil products combined, at around 7 million barrels per day
India's state-run fuel retailers are increasing their ethanol storage capacity by 51% as the nation targets to double the biofuel's blending with gasoline to 20% by 2025
Sales of gasoil, which account for about two-fifths of India's overall refined fuel consumption, are directly linked to industrial activity in Asia's third-largest economy
The White House on Tuesday announced plans to release millions of barrels of oil from strategic reserves
The government will begin to move barrels into the market in mid- to late-December
Gasoline sales at 2.48 million tonnes rose by 3.93% from a year earlier
Gasoline sales at 2.48 million tonnes rose by 3.93% from a year earlier, the data showed.
Goldman Sachs estimated that as much as 44% of China's industrial activity has been hit by the power shortages.