India's economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles growth in Asia's third-largest economy.
With gas pipelines yet to reach most parts of eastern India, GAIL has hired specialised cryogenic bullet trucks to transport imported liquefied natural gas from Dahej in Gujarat to Bhubaneshwar, where it is used as CNG to fuel automobiles and piped gas as cooking fuel in kitchens, company Chairman and Managing Director Ashutosh Karnatak said.
Ships globally have switched to lower sulphur fuels, or use emissions-removing devices, to comply with new rules imposed by the International Maritime Organization this year.
Mahindra's KUV100 NXT K6 took top honours in the A1 class, the category for smaller vehicles which have become very popular in South Africa due to consistently rising fuel prices.
"Some people are no doubt worried by this decision ... but sabotage and arson is done by hooligans not our people," the Iranian Supreme Leader said in a live speech on state TV.
Sunit Bagai, president of the Rajasthan Petrol Diesel Association (RPDA) said fuel pumps located in the border areas are on the verge of shutdown due to increased VAT rate.
Sales of gasoline, or petrol, were 6.3 percent higher from a year earlier at 2.37 million tonnes.
"Air India had back in June and again in September agreed to pay the three oil marketing companies Rs 100 crore every month to clear past ATF dues. But unfortunately it hasn't met its commitment," said Sandeep Kumar Gupta, Director (Finance), Indian Oil Corp (IOC).
In Delhi, the petrol price was hiked to Rs 74.61 per litre, an increase of 19 paise
Consumption of fuel, a proxy for oil demand, totalled 17.58 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Eliminating emissions from these sources -- without any changes to industrial or vehicle emissions -- would bring the average outdoor air pollution levels below the country's air quality standard, according to the study published in the journal Proceedings of the National Academy of Sciences.
Fuel consumption in February totalled 17.41 million tonnes as compared to 16.77 million tonnes in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed.
Overall food inflation rate also edged closer to 5 percent. It was 4.28 in February this year compared to 2.34 percent in the previous month and 0.95 percent in the same of last year.
Surging diesel consumption in India, the world's third-largest oil user, underscores the country's importance as a driver of global oil demand. Amid increasing concerns that crude demand growth may slip in 2019 because of slowing economic growth, India's burgeoning fuel consumption may help underpin oil and fuel prices.
State Finance Minister Manpreet Singh Badal presented the state Budget for FY20 with a total outlay of Rs 1,58,493 crore with no new taxes.
The automaker says the vehicles' software needs to be updated, and in some cases, have their fuel pumps replaced.
In a report, Wood Mackenzie said India's oil demand growth recovered strongly in 2018, overcoming the aftermath of the implementation of Goods and Services Tax (GST) and demonetisation, and contributed 14 percent of the global demand growth or 2,45,000 barrels per day.
Consumption of fuel, a proxy for oil demand, totalled 18.51 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Of the 85 mines already allotted, 23 have already started production and the Coal Ministry expects 20 more mines to begin production in the current financial year ending March 2019 or early in the next fiscal.
Government spokesman Benjamin Griveaux, a close ally of Macron's, said all policies involving taxation needed to be reevaluated from time to time and, if deemed not to be working, should be changed.
"No tax merits putting the unity of the nation in danger," Philippe said in a televised address, adding that the anger on the streets "originates from a profound injustice: of not being able to live with dignity from one's work".
Amid protest against a proposed refinery in Maharashtra involving India, the UAE and Saudi Arabia, the Gulf nation's envoy to India Ahmed Albanna said the state government will allocate land in coming weeks.
When fuel prices started to rise on the back of a spurt in international oil rates and depreciation in rupee value against the US dollar in August, demand marginally dipped by 0.3 percent to 16.5 MT. In the following month, when petrol and diesel prices continued their upward trend, consumption rose by just 1 percent to 16.51 MT.
Consumption of fuel, a proxy for oil demand, totalled 17.99 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
The rates are off their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel touched on October 4.