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BITUMEN SUPPLY
Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economyIndia's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the I...- India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptionsIndia's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied pet...
- Construction costs up 25% since global conflicts began, developers flag material shortages: CREDAIConstruction costs have surged over 25 percent due to global conflicts. Supply chain issues, labor shortages, and rising material prices ar...
- Government assures 78 days of oil amid MPs' concernsConcerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and...
- Petrol, diesel prices hiked by Rs 3/litre: Here’s what top economists have to sayFuel prices in India saw their first increase in over four years on Friday. Petrol and diesel prices rose by approximately Rs 3 per litre. ...
- TotalEnergies refinery working full tilt to keep France fuelledFrance's largest refinery, TotalEnergies in Gonfreville-l'Orcher, is working at full capacity. It is boosting production of diesel and jet ...
- Govt reviews rural schemes, supply chain woes to protect beneficiaries from Iran war impactThe Rural Development Ministry is reviewing its key schemes in response to the West Asia conflict's potential impact on global supply chain...
- More relief steps may be on the way for highway contractors as West Asia war dragsThe road transport ministry is considering additional relief for highway contractors as West Asia tensions drive up input costs and disrupt...
- India LPG consumption slides 13% amid West Asia conflictIndia's LPG consumption plummeted by 13% in March due to West Asia conflict-induced supply disruptions. Despite government efforts to boost...
- Payment norms for highway builders relaxedThe move is aimed at stabilising cash flows for developers grappling with higher input and logistics costs. Payments, typically released on...
- Road ministry to compensate for price hike and volatility in commodity prices to contractorsHighway contractors will now receive payments monthly. The government has shortened the price adjustment period to one month. This aims to ...
- National Highway projects face cost overruns, delays as West Asia war disrupts suppliesIndia's National Highway projects are experiencing 5-8% cost increases and delays due to the West Asia war impacting input costs and supply...
- NHAI assures fuel, bitumen supply for developers amid Middle East tensionsHighway developers received assurances from NHAI regarding essential material supply. The ongoing Middle East conflict raises concerns abou...
- Word of the day: BitumenBitumen meaning: Bitumen, a sticky black substance, builds our modern world. Ancient civilizations used it for boats and buildings. Today, ...
- ITPL opens greenfield bitumen derivatives plant near ChennaiIndianOil Total Pvt Ltd (ITPL) has inaugurated a new greenfield Bitumen Derivatives Plant in Gummidipoondi, near Chennai. This facility wil...
- Sanmit Infra zooms 10% in 2 session over drum-packed bitumen supplyThe company had recently bagged an order for eco-friendly less wood for green cremation systems (GMS). It had expressed hopes of more order...
- Oil traders scrape bottom of the barrel to seek out new fortuneWhile there’s no shortage of bitumen, world’s largest traders are jumping in as the shift in production locations and increased demand crea...
- Gulf Petrochem acquires Shell's bitumen plant in GujaratThe acquisition of the plant at Savli near Vadodara will complement the construction of a high capacity storage terminal for various petrol...
- Essar Oil - L&T sign MoU for bitumen supplyEssar Oil, amongst India's top private sector refiners, and Larsen & Toubro (L&T), have signed a Memorandum of Understanding (MoU) for supp...
- Crude price rise hits road building costsEver wondered whether the movement of crude oil prices on the world’s top bourses have a bearing on the roads you drive on?
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