India Fuel Demand

Punjab govt raises fuel VAT, ends power subsidy to tackle fiscal crisis

The Punjab government increased VAT increase on petrol and diesel, raising the tax by 61 paise per litre for petrol and 92 paise per litre for diesel

Manipur govt says it will deploy police at petrol pumps amid fuel shortage

Manipur minister L Susindro said police would be deployed at petrol pumps in the state. Addressing a press conference, he warned fuel retailers of legal action if they refuse to sell fuel despite having stock. Susindro, the state's consumer affairs, food & public distribution minister, said several instances have come to the fore in which people after re-fueling have left the petrol pumps without payment. "Such incidents have led to many petrol pumps downing their shutters because of financial losses," he said. "We will be deploying police personnel and staff of the Food and Public Distribution Department at petrol pumps," he said, appealing to people not to indulge in extortion. With several petrol pumps closing down in the Imphal Valley, a severe fuel crisis has hit the region. "Legal action will be initiated against those petrol pump operators who refuse to sell fuel despite stocking it. There is enough fuel in the state," Susindro said. He also said that frequent landslides

Coal fuels India's power demand as growing economy crushes green hopes

Electricity consumption in India is growing at the fastest rate of any major economy, driven by rising temperatures and incomes, which have pushed up sales of power-intensive appliances like ACs

India's fuel demand up by 5% y-o-y in FY24, a new financial year record

Fuel demand for FY24 reached a record high of 233.276 million tonnes, up from 223.021 million tonnes the previous year

Adani Total Gas looks to increase adoption of LNG as primary fuel

With quicker adoption of liquified natural gas (LNG) becoming a centre point in government's gas policy and to control greenhouse gas (GHG) emissions, leading city gas distributor (CGD) Adani Total Gas Ltd has identified this super-chilled fuel to fuel its growth. Adani Total Gas Ltd (ATGL) is aiming to increase the adoption of LNG as the primary fuel for long-haul commercial vehicles, replacing diesel, through an ecosystem approach, a senior company official said. This includes strategic tie-ups with various stakeholders like auto ancillaries, Original Equipment Manufacturers (OEMs), fleet operators, end-use industry, and retrofitment players to advocate for quicker adoption of the fuel. "The biggest challenge of LNG is distribution. Currently we have only a handful of LNG dispensing stations and hence it is a chicken and egg situation. Fleet operators are unwilling to invest in switching over till the distribution network comes up, and till the demand builds up, oil marketing ...

India's fuel demand slips in Nov from 4-month peak, hit by reduced travel

It was down about 2 per cent compared with the same period a year earlier

Rajasthan govt waives fuel surcharge for domestic & agri consumers

CM Ashok Gehlot states that the state will examine a proportionate hike in SC/ST reservation in government jobs

India's July fuel demand up 1.9% YoY to 18.09 mn tonnes: Oil ministry data

Sales of gasoline fell 5.3% to 2.99 million tonnes and sales of diesel decreased around 13% to 6.89 million tonnes in July from the previous month, the data showed

How cheaper crude oil from Russia has changed India's fuel trade matrix

Since India is a key supplier of refined petroleum products, this has changed the pecking order of key export destinations

Jagatjit Ind to invest Rs 210 cr to set up grain-based ethanol plant

Jagatjit Industries Ltd, which is into liquor business, will invest Rs 210 crore to set up a grain-based ethanol manufacturing plant in Punjab to encash rising demand of this green fuel for blending with petrol, a top company official said. Founded in 1944, Jagatjit Industries is one of the leading firms in manufacturing of Indian Made Foreign Liquor (IMFL) and country liquor in the country. The company, which is listed on Bombay Stock Exchange, has manufacturing facilities in Kapurthala ( Punjab) and Behror (Rajasthan). "We are setting up a greenfield grain-based ethanol manufacturing facility at Hamira, Kapurthala district in Punjab with a capacity of 200 kilo litres per day (200 KLPD). The total project cost is around Rs 210 crore," Roshini Sanah Jaiswal, Promoter and Chief Restructuring Officer of Jagatjit Industries, told PTI. The investment will be funded through bank loans and internal accruals, she said. The company has already received environmental clearance and obtain

India's March fuel demand jumps to record high on robust economic activity

India's fuel consumption jumped to a record high in March, data showed on Monday, fuelled by robust economic activity in the world's third biggest oil consumer

Top headlines: Feb fuel demand hits 24-yr high, NPOs face PMLA regulations

Business Standard brings you the top headlines at this hour

Petrol, diesel sales surge to double digits in February after winter lull

Petrol sales of state-owned fuel retailers jumped 12 per cent to 2.57 million tonne in February, as compared to 2.29 million tonne of consumption in the same period of last year

Fuel demand slips in January from nine-month peak on back of lower mobility

Sales of diesel fell 7.6% in January from a month ago to 7.18 million tonnes, while sales of gasoline, or petrol, fell 5.3% to 2.82 million tonnes, the PPAC data showed

Boosted by agriculture demand, petrol, diesel sales see double-digit growth

Rabi crop sowing led to a pick-up in economic activity and a rise in demand

Govt working on linking vehicle tax with emissions, says official

In India, Electric Vehicles (EVs) attract a GST of 5 per cent, while hybrids attract a much higher 43 per cent

Top headlines: Nitish resigns as Bihar CM; WhatsApp announces new features

India's fuel demand in July rose 6.1% year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday.

India's July fuel demand rises 6.1% year-on-year, reveals ministry data

Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7% from 18.68 million tonnes in June

India's July fuel demand falls by 16% as monsoon rains restrict mobility

Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods

June fuel consumption rises 17.9% YoY as demand hits pre-pandemic levels

Consumption of fuel, a proxy for oil demand, totalled 18.67 million tonnes, data from the Indian oil ministry's Petroleum Planning and Analysis Cell showed