fuel demand - Latest News, Analysis, Opinion - BW Businessworld

Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods

Fuel Demand In May Increases By 8% Month-on-month

Sales of gasoline rose 16.4 per cent to 3.35 million tonnes and sales of diesel increased around 5 per cent to 8.22 million tonnes in May from the previous month

India's Fuel Demand Hits 10-month Low In September

The total monthly demand in September fell 3.6 per cent from August 2022, although on a year-on-year basis it was up 8.1 per cent

India's Fuel Demand Continues To Fall In August As Monsoon Sets In

The arrival and intensity of monsoon weigh heavily on diesel demand in the country and consumption traditionally is lower in July-September than in April-June

Monsoon Rains Dampen India's July Fuel Demand

Economy

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, preliminary sales data shows

Oil Slides As Renewed China COVID Curbs Temper Fuel Demand Outlook

Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections as the highly infectious BA.5.2.1 subvariant appears in the country

Fuel Sales In March Surge Past Pre-Pandemic Levels In India

Economy

In the first two weeks of March, dealers, as well as the public, topped up their tanks in anticipation of an increase in prices that had been on hold in the run-up to the elections in states like Uttar Pradesh

India's Fuel Demand Expected To Grow 5.5% Next Fiscal: Govt Estimates

India's fuel demand is likely to grow 5.5 per cent in the fiscal year beginning April 1 as economic activity picks up after devastation caused by the pandemic

India Expects Fuel Demand To Grow 5.5% In The Next Fiscal Year

Local demand for gasoline, used mainly in passenger vehicles, is expected to rise by 7.8% to 33.3 million tonnes, while gasoil consumption was slated grow by about 4% to 79.3 million tonnes, the data showed.

India's Fuel Demand Recovery To Continue As COVID-19 Restrictions Ease: Fitch

Companies & Markets Sector Reports

The recovery should support higher throughput at most oil marketing companies and strong prices are expected to improve the financial profiles of upstream oil and gas companies.

Fuel Demand Rebound To Drive Earnings Of Oil Firms: Moody's

Demand for petroleum products in India declined substantially in April and May 2020 following a nationwide lockdown to control the spread of coronavirus.

India's Fuel Sales Drop 9.4% In April On COVID Wave

India was under one of the world's severest lockdowns in April 2020, bringing to a halt almost all economic activity. Fuel sales had halved that month, plunging to the lowest since 2006.

India's Fuel Demand At 11-month High In Dec

Fuel consumption, however, posted a month-on-month increase for the fourth straight month, helped by reviving transportation and business activity.

Exxon Signals Up To $20 Billion Writedown To Overwhelm Fourth-Quarter Gains In Oil, Chemicals