India's diesel market signals warning as growth slows down
Mumbai/IBNS: India's diesel market is showing signs of a slowdown as demand growth loses steam, raising concerns for the world's third-largest oil importer, reports Bloomberg.
India's April oil consumption rises by 6% YoY: Oil Ministry
New Delhi: India witnessed a 6.1 percent year-on-year increase in fuel consumption, according to data released by the Petroleum Planning and Analysis Cell of the Oil Ministry.
Bharat Petroleum inks deal with BP to buy US crude
New Delhi: Public sector oil refiner Bharat Petroleum Corporation Ltd (BPCL) has inked a deal with BP to purchase 1 million barrels every month of U.S. West Texas Intermediate (WTI) crude for a period of four months, media reported.
Centre cuts petrol, diesel prices by Rs. 2 across India
New Delhi/IBNS: The Centre Thursday reduced petrol and diesel prices by Rs. 2, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, announced.
US, EU major importers of India's oil products sourced from sanctioned Russian crude
New Delhi: More than one-third of India's oil product exports to the coalition countries led by the G7 were sourced from Russian crude, according to a European think-tank, media reports said.
Record diesel and gasoline sales in May indicate strong demand
New Delhi: India's May diesel and gasoline sales reached record levels, providing a rare positive indication for the global oil markets, Bloomberg reported.
New Delhi/UNI: The prices of petrol and diesel remained steady Saturday.
OMC's IOC, BPCL, & HPCL could cross Rs 10,000 cr mark in losses
New Delhi/IBNS: Oil Marketing majors Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum could post a total loss of Rs 10,700 crore mark in June quarter, as per media reports.
New Delhi/UNI: The prices of petrol and diesel remained steady for the 46th straight day Wednesday.
New Delhi/UNI: The prices of petrol and diesel remained steady for the 45th straight day on Tuesday.
New Delhi/UNI: The prices of petrol and diesel remained steady for the 42nd straight day Saturday.
New Delhi/UNI: The prices of petrol and diesel remained steady for the 35th straight day on Saturday.
India's diesel sales jump 48 pc in first two weeks of June: Report
New Delhi: The diesel demand in India skyrocketed in the first two weeks of June, according to media reports
New Delhi/UNI: The prices of petrol and diesel remained static for the 22nd straight day on Sunday.
New Delhi/UNI: The prices of petrol and diesel remained steady for the 15th straight day Tuesday.