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OIL MINISTRY CONSUMPTION REPORT
India's fuel consumption drops 3.7% in June from previous monthIndia's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant yea...- Auto companies may soon get to trade BEE credits for easier fuel-efficiency complianceThe power ministry has introduced a new credit trading system aimed at Corporate Average Fuel Efficiency standards. Under this initiative, ...
- Govt panel calls for tracking EV power demand in India's energy dataAn expert committee has recommended overhauling India's energy statistics framework. This includes granular measurement of electricity dema...
- PIL seeks ethanol blend disclosure at fuel pumpsA Supreme Court petition demands transparency in ethanol-blended petrol distribution. It seeks display of ethanol percentages on fuel nozzl...
- Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources sayIran is currently in discussions with Japanese companies regarding the potential resumption of oil sales, backed by a U.S. sanctions waiver...
- India to chair 9th UN Intergovernmental Group of Experts session on consumer protection in GenevaIndia is set to chair the UNCTAD's Intergovernmental Group of Experts on Consumer Protection Law and Policy in Geneva. The session will foc...
- Govt denies reports of Bhutan rejecting India's E20 fuelIndia's Petroleum Ministry has debunked claims that Bhutan rejected E20 petrol imports, stating no such offer was ever made. The ministry e...
- El Nino impact in sight even as top FMCG firms bet on rising India consumptionIndia's top retail firms anticipate robust April-June revenue growth, fueled by steady consumer demand and improving rural sentiment. Compa...
- India eyes oil exploration expansion after Middle East war shortagesIn response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its r...
- As food inflation bites, Nestle turns to smaller cities to drive growthNestle India is strategically focusing on tier-2 and tier-3 markets for growth, anticipating rising consumption in these areas. Despite fac...
- FMCG companies ride the heatwave to make cool gainsIntense heatwaves fueled double-digit sales growth for FMCG, white goods, and retailers in the April-June quarter. Companies reported impro...
- India not exporting fuel directly to Russia, any supplies are trader-led: PuriIndia's Oil Minister, Hardeep Singh Puri, has stated that Indian companies are not directly supplying refined fuels to Russia. While report...
- India's economic plot twist comes with one villain stepping aside, another waitingIndia's economic outlook has improved as falling crude oil prices ease inflation, strengthen the balance of payments and prompt economists ...
- Easing oil prices, supply chains to soften external pressures on India: Finance ministryIndia's economy remains resilient despite global uncertainties, with easing oil prices and improving supply chains offering some relief. Ho...
- PM Modi appeal impact: Gold import growth down substantially in MayGold imports saw a significant slowdown in May, a welcome development following Prime Minister Modi's calls to curb consumption. This decel...
- Economy resilient but risks from monsoon, geopolitical uncertainties remain: FinMin reportIndia's economy shows resilience despite a slight slowdown in some key indicators. While global commodity prices ease, risks loom from an u...
- India plans to add strategic fuel reserves after Iran war shockIndia is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming t...
- Oil cools, monsoon heats up concerns for India's rural economyThe recent drop in crude oil prices is providing some relief from inflation worries. Yet, the unpredictable monsoon season poses a serious ...
- Petroleum vulnerability rising, India must build crude buffers and cut import dependence, EY cautionsIndia faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augment...
- Cylinder sales restored to pre-war levels & bulk supplies raised to 50%The government has restored commercial LPG cylinder sales to pre-conflict levels after supplies improved, bringing relief to industrial and...
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