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Reuters
June 16, 2021
Gasoline sales was 13% higher and diesel sales rose 12% over June 1-15, compared with the same period last month, data compiled by the state refiners showed


Reuters
June 10, 2021
Oil demand fell 11.3% to 15.11 million tonnes compared to the previous month and was down 1.5% from a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed


Reuters
June 1, 2021
Daily gasoline sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India's fuel demand, fell by 19.9%, data compiled by state refiners showed


Reuters
May 11, 2021
Indian Oil Corp, the country's biggest refiner, has reduced runs to an average of between 85% and 88% of processing capacity, a company official said


Reuters
May 7, 2021
The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month


Reuters
May 3, 2021
Total crude imports by the world's third-biggest oil importer fell to 3.97 million barrels per day (bpd) in the 2021 fiscal year to March 31, down 11.8% from a year earlier


BusinessToday.In
May 2, 2021
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 during that month and hence sales of current month cannot be compared with that of April 2020


Reuters
April 21, 2021
India is a major crude oil consumer. So rising virus cases and thereby restrictions to limit the spread will dampen the demand outlook, said Ravindra Rao, vice president for commodities at Kotak Securities


Nevin John
April 14, 2021
The gross refining margins have fallen during the pandemic and are slightly recovering at present; Essar Oil UK said the repeated lockdowns have resulted in all refiners experiencing low demand


Nevin John
April 7, 2021
Instead of the average monthly import order of 14.8 million barrels, the Indian state-run oil refiners have placed orders for just 9.5 million barrels of Saudi oil in May


BusinessToday.In
New Delhi, April 6, 2021
Backed by vaccinations and the experience from controlling the first wave of coronavirus pandemic, the Indian economy is well prepared to handle any downside risks posed by the second wave of COVID-19 cases, said FM Nirmala Sitharaman; Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week; Indian social commerce platform Meesho has entered the unicorn club after raising $300 million in the latest round of funding. Watch this and more on News Blast.Also Read: Covishield 90% effective if doses given after gap of 2-3 months: Adar Poonawalla


Rashi Bisaria
New Delhi, April 6, 2021
COVID-19 vaccination: Uddhav Thackeray asks PM Modi to reduce eligible age to 25 yrsMaharashtra Chief Minister Uddhav Thackeray has written a letter to Prime Minister Narendra Modi asking to reduce the age for getting COVID-19 vaccination to 25 years. Saying that the second wave of the coronavirus is much stronger than the first wave in the state, Thackeray said Maharashtra is taking up vaccination at a rapid pace and is the number 1 state in the country in terms of COVID-19 vaccine doses adm...


Reuters
April 6, 2021
The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million barrels of Saudi oil in a month


Reuters
April 2, 2021
When the Organisation of Oil Exporting Countries and Major Producers (OPEC+) extended the production cuts into April, India unsheathed that weapon


Reuters
March 18, 2021
State refiners, which control about 60% of India's 5 million barrels per day (bpd) refining capacity, together import an average 14.7-14.8 million barrels of Saudi oil in a month, the sources said


Reuters
March 18, 2021
India imports more than 80 per cent of its oil needs, a significant amount of which comes from West Asia


Reuters
March 17, 2021
Brent crude fell 49 cents to settle at $68.39 a barrel, while US crude dropped 59 cents to end at $64.80 a barrel


Rashi Bisaria
New Delhi, March 16, 2021
US overtakes Saudi Arabia to become India's second biggest oil supplier The United States overtook Saudi Arabia as India's second biggest oil supplier last month, as refiners boosted cheaper US crude purchases to record levels to offset OPEC+ supply cuts, data from trade sources showed. India's imports from the United States - the world's top producer - rose 48 per cent to a record 545,300 barrels per day (bpd) in February from the prior month, accounting for 14 per cent of India's overall ...


Reuters
March 16, 2021
India's imports from the United States - the world's top producer - rose 48 per cent to a record 545,300 barrels per day (bpd) in February from the prior month


BusinessToday.In
February 24, 2021
In India, petrol and diesel prices are revised by state-backed oil marketing companies (OMCs) like Indian Oil, Bharat Petroleum and Hindustan Petroleum


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