Petrol Demand

October's sales of petrol were 8.3% and 3.4% higher than in 2019 and 2020 respectively and at 2.75 million tonnes, was the highest-ever monthly figure recorded as per data going back to 1998.

Diesel consumption totalled 2.43 million tonnes between Nov. 1-15, a decline of about 15.3% from last year and down 19.35% from the same period in 2019, the data showed.

India is ramping up the use of natural gas, biofuels, ethanol mixing with petrol, and use of green hydrogen among others to cut its carbon footprint.

Imports rose 11.1% to 17.09 million tonnes from the same month a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell.

Maharashtra BJP president Chandrakant Patil today demanded that the state government reduce the Value Added Tax (VAT) on petrol and diesel, after the Centre recently cut the excise duty on the fuels.

October's sales of petrol, were 8.3 per cent and 3.4 per cent higher than in 2019 and 2020 respectively and at 2.75 million tonnes, was the highest-ever monthly figure recorded as per data going back to 1998.

Stating that the BJP has no moral right to ask States to reduce VAT on petrol and diesel, Telangana Chief Minister K Chandrashekhar Rao on Sunday demanded the NDA government at the Centre to remove the cess on the petroleum products.

Chhattisgarh Chief Minister Bhupesh Baghel on Friday demanded that the rates of taxes on petrol and diesel should be brought down to those in force during the UPA government.

The BJP and the Congress Friday demanded the Kejriwal government to immediately reduce the Value Added Tax (VAT) on petrol and diesel to give relief to people.

Nationalist Congress Party chief Sharad Pawar today demanded the release of GST compensation to the states for them to reduce value-added tax (VAT) on fuel. His remarks come days after the Centre reduced the excise duty on petrol and diesel.

India's diesel consumption in October rose above pre-Covid levels for the first time in a year, as increased industrial activity ahead of the festival season spurred demand for the fuel.

Prices came under pressure early when China, the world's biggest crude importer, released data showing September imports fell 15% from a year earlier.

With local petrol and diesel prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely.

This source said the shutdown has been deferred to meet higher demand for diesel and petrol during the festival season.

Petrol sales slipped 3.5 per cent from August, but climbed six per cent year-on-year and 9.5 per cent from September 2019.

October's sales of petrol were 8.3% and 3.4% higher than in 2019 and 2020 respectively and at 2.75 million tonnes, was the highest-ever monthly figure recorded as per data going back to 1998.

Diesel consumption totalled 2.43 million tonnes between Nov. 1-15, a decline of about 15.3% from last year and down 19.35% from the same period in 2019, the data showed.

India is ramping up the use of natural gas, biofuels, ethanol mixing with petrol, and use of green hydrogen among others to cut its carbon footprint.

Imports rose 11.1% to 17.09 million tonnes from the same month a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell.

Maharashtra BJP president Chandrakant Patil today demanded that the state government reduce the Value Added Tax (VAT) on petrol and diesel, after the Centre recently cut the excise duty on the fuels.

October's sales of petrol, were 8.3 per cent and 3.4 per cent higher than in 2019 and 2020 respectively and at 2.75 million tonnes, was the highest-ever monthly figure recorded as per data going back to 1998.

Stating that the BJP has no moral right to ask States to reduce VAT on petrol and diesel, Telangana Chief Minister K Chandrashekhar Rao on Sunday demanded the NDA government at the Centre to remove the cess on the petroleum products.

Chhattisgarh Chief Minister Bhupesh Baghel on Friday demanded that the rates of taxes on petrol and diesel should be brought down to those in force during the UPA government.

The BJP and the Congress Friday demanded the Kejriwal government to immediately reduce the Value Added Tax (VAT) on petrol and diesel to give relief to people.

Nationalist Congress Party chief Sharad Pawar today demanded the release of GST compensation to the states for them to reduce value-added tax (VAT) on fuel. His remarks come days after the Centre reduced the excise duty on petrol and diesel.

India's diesel consumption in October rose above pre-Covid levels for the first time in a year, as increased industrial activity ahead of the festival season spurred demand for the fuel.

Prices came under pressure early when China, the world's biggest crude importer, released data showing September imports fell 15% from a year earlier.

With local petrol and diesel prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely.

This source said the shutdown has been deferred to meet higher demand for diesel and petrol during the festival season.

Petrol sales slipped 3.5 per cent from August, but climbed six per cent year-on-year and 9.5 per cent from September 2019.