Fuel Demand News
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Cut Excise Duty on Fuel, Boost Consumption: Industry Body To N Sitharaman
With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage.
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Petrol Pumps In Rajasthan Begin 2-Day Strike Demanding Tax Reduction
The Rajasthan Petrol Dealers Association has announced a "No Purchase, No Sale" strike starting at 6 am on Sunday for the next 48 hours with the aim of drawing the attention of the government to the high fuel prices in the state.
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Retail Vehicle Sales Rise 14% In March: Automobile Body
India's retail vehicle sales jumped 14% to more than 2 million in March on festival demand and buying ahead of implementation of new fuel emission norms, the country's Federation of Automobile Dealers Associations (FADA) said on Tuesday.
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February Services Activity Expanded At Fastest Pace In 12 Years
The robust report could fuel hopes for Asia's third-largest economy, whose growth slowed to an annual 4.4% in October-December from 6.3% in July-September as pent-up demand eased and weakness in the manufacturing industry continued.
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Oil Slumps To Lowest Since 2021 As China's Covid Protests Fuel Demand Worries
Oil futures fell more than $1 early on Monday as protests in top importer China over strict COVID-19 curbs fuelled demand .worries
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Oil Prices Steady On Expectations Fed Rate Hike To Curb Fuel Demand
Oil prices steadied on Tuesday after rising in the previous session on concerns that further U.S. interest rate hikes this week to tame inflation will curb economic growth and fuel demand in the world's biggest oil consumer.
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Oil Falls Below $92 Per Barrel On Renewed Demand Worries
Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.
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Oil Edges Lower On Demand Worries From High Inflation, But Holds Above $104
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
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Oil Prices Head For Weekly Drop On Global Economic Slowdown Worries
Oil prices slipped on Friday after two days of gains, as market participants weighed worries about a global economic slowdown, which would dampen fuel demand, against expectations of tighter supplies toward year-end.
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Oil Prices Set To End Week At Pre-Ukraine Crisis Level On Recession Fears
Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets.
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Oil Prices Fall Below $100 As Weak Factory Data Fuels Global Demand Concerns
Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply.
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Oil Rises $2 As Dollar Eases, Market Wary Of Fed
Oil futures have been volatile in recent weeks, pressured by worries that rising interest rates could slow economic activity and fuel demand but supported by tight supply, especially since Russia's invasion of Ukraine and Western sanctions on Moscow.
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Oil Prices Fall On Fuel Demand Concerns From Expected Fed Rate Hike
Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the US, the world's biggest oil user, may limit fuel demand growth.
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Reliance Shares Jump Over 4%; ONGC Surges 7% After Windfall Tax Cut
Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax on petrol, diesel, jet fuel and crude oil.
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Oil In See-Saw Mode, Drops Below $100 A Barrel On Demand Concerns
Oil prices fell $1 in early trading in Asia to below $100 a barrel on Monday, cutting into gains from Friday, as attention turned back to rising COVID-19 cases in China and the prospect of lockdowns again reducing fuel demand in the world's top oil importing nation.
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Cut Excise Duty on Fuel, Boost Consumption: Industry Body To N Sitharaman
With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage.
-
Petrol Pumps In Rajasthan Begin 2-Day Strike Demanding Tax Reduction
The Rajasthan Petrol Dealers Association has announced a "No Purchase, No Sale" strike starting at 6 am on Sunday for the next 48 hours with the aim of drawing the attention of the government to the high fuel prices in the state.
-
Retail Vehicle Sales Rise 14% In March: Automobile Body
India's retail vehicle sales jumped 14% to more than 2 million in March on festival demand and buying ahead of implementation of new fuel emission norms, the country's Federation of Automobile Dealers Associations (FADA) said on Tuesday.
-
February Services Activity Expanded At Fastest Pace In 12 Years
The robust report could fuel hopes for Asia's third-largest economy, whose growth slowed to an annual 4.4% in October-December from 6.3% in July-September as pent-up demand eased and weakness in the manufacturing industry continued.
-
Oil Slumps To Lowest Since 2021 As China's Covid Protests Fuel Demand Worries
Oil futures fell more than $1 early on Monday as protests in top importer China over strict COVID-19 curbs fuelled demand .worries
-
Oil Prices Steady On Expectations Fed Rate Hike To Curb Fuel Demand
Oil prices steadied on Tuesday after rising in the previous session on concerns that further U.S. interest rate hikes this week to tame inflation will curb economic growth and fuel demand in the world's biggest oil consumer.
-
Oil Falls Below $92 Per Barrel On Renewed Demand Worries
Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.
-
Oil Edges Lower On Demand Worries From High Inflation, But Holds Above $104
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
-
Oil Prices Head For Weekly Drop On Global Economic Slowdown Worries
Oil prices slipped on Friday after two days of gains, as market participants weighed worries about a global economic slowdown, which would dampen fuel demand, against expectations of tighter supplies toward year-end.
-
Oil Prices Set To End Week At Pre-Ukraine Crisis Level On Recession Fears
Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets.
-
Oil Prices Fall Below $100 As Weak Factory Data Fuels Global Demand Concerns
Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply.
-
Oil Rises $2 As Dollar Eases, Market Wary Of Fed
Oil futures have been volatile in recent weeks, pressured by worries that rising interest rates could slow economic activity and fuel demand but supported by tight supply, especially since Russia's invasion of Ukraine and Western sanctions on Moscow.
-
Oil Prices Fall On Fuel Demand Concerns From Expected Fed Rate Hike
Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the US, the world's biggest oil user, may limit fuel demand growth.
-
Reliance Shares Jump Over 4%; ONGC Surges 7% After Windfall Tax Cut
Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax on petrol, diesel, jet fuel and crude oil.
-
Oil In See-Saw Mode, Drops Below $100 A Barrel On Demand Concerns
Oil prices fell $1 in early trading in Asia to below $100 a barrel on Monday, cutting into gains from Friday, as attention turned back to rising COVID-19 cases in China and the prospect of lockdowns again reducing fuel demand in the world's top oil importing nation.
