Thomson Reuters | Wednesday March 4, 2015
Mr Modi's "Make in India" campaign to make the country a manufacturing powerhouse, plus a push on infrastructure projects and a likely average monsoon will boost demand for industrial fuels like diesel, bitumen and petroleum coke.
Thomson Reuters | Friday February 13, 2015
The drop in those losses was because the government ended controls on pricing for diesel, which makes up about 40 percent of the country's demand for refined fuel.
Friday January 2, 2015
One cannot forget the year the City first came to India. It was 1998 and it was the third generation of the City that made it here. Believe it or not, the City was first a subcompact car. The popularity of the car in India grew two folds and two gene...
Friday December 5, 2014
As much as possible, Reliance ships diesel to Europe or Africa when arbitrage economics are viable and moves the fuel to Singapore only when demand in Europe is weak, traders said.
Tuesday November 4, 2014
He said that presently the proportion of diesel and petrol cars for Maruti was at 30 per cent and 70 per cent respectively.
Monday October 27, 2014
A prolonged period of weak demand is expected to reduce margins for refineries that produce the transport and industrial fuel, traders and analysts said. The Asian gasoil margin is already set for its worst quarter in October-December since late 2010...
Tuesday October 21, 2014
India's oil consumption rose nearly 3 per cent in September while diesel sales fell for the second time this fiscal year.
Monday October 20, 2014
Auto stocks gained today as removal of price controls on diesel is seen helping demand for cars.
Tuesday September 16, 2014
Indian Oil Corp, the country's biggest refiner, has cut throughput at five key plants after heavy rains curbed demand for diesel in northern and eastern India, a company source with direct knowledge of its operations said.
Tuesday September 2, 2014
As diesel loss touched an all-time low of just 8 paise as of Monday, due to staggered deregulation which began in September 2012, analysts have called for giving oil marketers a free hand to decide diesel prices, since this would be credit positive f...
Monday September 22, 2014
Though, everyone knew that the 7-seater MPV would receive a great response, the carmaker has revealed that it received 85 per cent of bookings for the Mobilio's diesel variant.
Saturday August 9, 2014
Deregulation of diesel prices would not affect much demand of the variants as the customers still go for diesel cars across the country, a top official of Fiat Chrysler India said on Friday.
Tuesday July 22, 2014
India has cut its reliance on Iran for meeting its oil needs to less than 6 per cent as it raised imports from countries like Columbia and Mexico.
Thursday June 26, 2014
Initial deliveries of the all-new BMW X5 in India will commence by June as an overwhelming demand for the vehicle in the market has pushed the waiting period to three months, BMW said in a statement.
Tuesday December 24, 2013
In the previous fiscal of 2012-13, Maruti's sales rose 3 per cent. The company said it does not see demand picking up for the rest of the current fiscal year ending March 2014.
Thursday December 5, 2013
Diesel demand has declined this fiscal year, for the first time in more than a decade, as monthly price hikes and increased power generation clipped consumption, Indian Oil Corporation (IOC) chairman R S Butola said on Thursday.
Wednesday November 13, 2013
Coal India, the world's largest coal miner by output, posted its second straight decline in quarterly profit, hurt by lower selling prices and higher wage and diesel costs.
Thursday September 26, 2013
Fuel consumption recovered in August after a two months of declines, according to the government data published a day after Oil Minister M. Veerappa Moily unveiled plans to cut demand in the world's fourth largest oil consumer.
Tuesday September 24, 2013
Oil Minister M Veerappa Moily will today unveil a mega fuel conservation campaign aimed at cutting oil demand so as help the nation save up to $20 billion in foreign exchange.
India News | Sandeep Phukan | Sunday September 1, 2013
The government is considering various proposals including shutting down petrol pumps at 8 pm in select cities to check fuel demand as it looks at ways to cut the massive oil import bill, Oil Minister M Veerappa Moily said today.
Monday August 26, 2013
With a 12 per cent drop in value of the rupee against the US dollar making imports costlier, state-owned oil firms have demanded a one-time steep increase in diesel rates to make for the widening losses.
Thursday July 11, 2013
The company says that the response for the B-Class petrol launched last year was encouraging and expects that the new B-Class diesel will add to the demand of the car.
Tuesday July 9, 2013
Maruti Suzuki has shut the third shift at its diesel engine plant at Manesar, which has an annual capacity of 3,00,000 units, according to sources.
Monday June 24, 2013
The London-listed power, oil and gas arm of privately owned Indian conglomerate Essar Group, forecast demand for diesel to rise as much as 7 per cent, and gasoline as much as 5 per cent, annually in India.