In April, India exported 4.2 million tonnes of petroleum products, a 12.5% decrease in volume terms from 4.8 million tonnes in April 2024, according to data from the Petroleum Planning and Analysis Cell. High-speed diesel (HSD) and aviation turbine fuel (ATF) exports had the biggest impact on the drop in petroleum product exports last month….
Indian Oil Corp (IOC), a state-owned major oil marketing firm, announced on Tuesday that it has set a capital expenditure target of Rs 33,000 crore for the upcoming fiscal year 2025–2026, compared to Rs 35,000 crore for FY25. As of December, the company’s capital expenditures for the fiscal year totaled Rs 28,000 crore. The company…
According to data from the Petroleum Planning and Analysis Cell, India’s petroleum product exports increased slightly by 1.5% to 47.5 million tonnes between April and December, from 46.8 million tonnes during the same period. Motor spirit, pet coke, and fuel oil shipments were the main drivers of the increase in exports. However, shipments of petroleum…
According to data from the Petroleum Planning and Analysis Cell, due to increased consumption, especially by the city gas distribution companies and the power sector, India’s natural gas import bill increased by 17% to $8.9 billion during the first seven months of the current fiscal year from $7.6 billion during the same period last year….
According to preliminary statistics provided by the Ministry of Commerce & Industry on Monday, India’s wholesale price index (WPI)- based inflation for September increased to 1.84 percent on an annual basis from a four-month low of 1.31 percent in August. WPI inflation increased to 3.36 percent in June and 2.04 percent in July. In September…
If the current decline in crude oil prices continues, it will lead to healthy marketing margins for downstream companies in the future. State-run oil marketing downstream companies posted weak earnings in the first quarter of the current fiscal after prolonged volatility in crude oil prices. Analysts expect a drop in retail prices of petrol and…
According to data from energy cargo surveillance company Vortexa, India’s petroleum product exports grew slightly by 1% to 4.9 million barrels per day in the first four months of the current fiscal year 2024–25 from 4.8 million barrels per day in the April–July period of 2023–24. However, compared to 1.22 million barrels per day in…
Natural gas prices surged by 4.65% yesterday to end at 225.2, on the back of increasing gas flows to liquefied natural gas (LNG) export plants and projections of higher demand for the next week. Notwithstanding, indications of heightened drilling activity, lower-than-anticipated demand this week, and apprehensions regarding the substantial excess gas in storage limited the…
Natural gas had a notable decrease of -2.73% yesterday, closing at 217, due to signs of increased driller extraction and worries about the large excess supply still in storage. Prices dropped in the face of a larger-than-expected build in storage, despite projections for higher demand in the next week and increased flow to liquefied natural…
The Organization of Petroleum Exporting Countries predicted that India’s oil consumption will increase to 5.80 million barrels per day in 2025, a 4.1% increase from the 5.57 million barrels per day predicted in 2024. The cartel noted in its most recent oil market report for the month that rising economic activity will lead to higher…
