Reliance Industries Ltd has cut crude oil processing at its exports-only refinery at Jamnagar in Gujarat in March by close to one-fourth as it joins public sector oil firms in cutting run-rate to align production with a coronavirus-induced slump in fuel consumption
Coronavirus Outbreak: Petrol, diesel demand to pick up as govt allows trucks to ply, some industries to resume ops
Petrol and diesel consumption, which saw its biggest-ever decline in the aftermath of a nationwide lockdown, is likely to pick up in the second half of the month as the government has allowed trucks to ply as well as farmers and industries in rural areas to resume operations after 20 April
India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown
India's fuel demand has dropped by a steep 10-11 percent in the first two weeks of March as the outbreak of coronavirus (Covid-19) led to the cancellation of flights and a reduction in industrial activity
Jet fuel price cut by steep 10%; non-subsidised cooking gas costs Rs 53 less as international oil declines
Jet fuel (ATF) prices were on Monday slashed by a steep 10 percent, the second straight reduction in rates in as many months, as international oil prices slumped on fears of the spread of coronavirus
The outlook for India's aviation industry remains "negative" in the wake of coronavirus outbreak, which has resulted in many international passengers cancelling their travel to South East Asian countries, according to rating agency ICRA
Non-subsidised LPG price hiked by Rs 19 per cylinder, jet fuel cost up 2.6% on rise in international rates
Jet fuel or ATF price was on Wednesday hiked by 2.6 percent and that of non-subsidised cooking gas LPG by Rs 19 per cylinder on the back of a rise in international rates
Relief for Air India: OMCs defer decision to suspend fuel supplies after national carrier promises to clear dues
State-owned fuel retailers on Friday decided to defer their decision to suspend jet fuel supplies to Air India after the national carrier promised to make regular payments to clear outstanding dues, officials said
State-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered
Air India wants govt to provide Rs 2,500 crore as debt; airline owes Rs 4,500 cr in fuel dues, hasn't paid in 200 days
In the current fiscal Air India hasn't got any equity support from the Centre and is now finding it hard to meet working expenses
British energy giant BP will pay about Rs 7,000 crore for acquiring a 49 percent stake in Reliance Industries' fuel retailing network, billionaire Mukesh Ambani said on Monday
Reliance Industries, BP form joint venture to set up 5,500 petrol pumps; retail aviation turbine fuel for airlines in India
Reliance Industries and UK's BP plc have agreed to form a new joint venture to set up 5,500 petrol pumps and retail aviation turbine fuel to airlines in India, the two firms said on Tuesday
Aviation Turbine Fuel price cut by 5.8% to a four-month low as crude oil rates soften; subsidised LPG by Rs 3
Jet fuel price was on Monday cut by a steep 5.8 percent to a four-month low on softening international oil prices, according to state-owned fuel retailers
Asserting that Indian aviation sector has terrific potential, SpiceJet chief Ajay Singh has said imbalances in regulatory and taxation structure need to be corrected for the sector, which can be a bright spot of the economy
Aviation turbine fuel under GST will ensure level playing field for domestic airlines: Suresh Prabhu
Airlines have been demanding inclusion of aviation turbine fuel in the new indirect tax regime.
Non-subsidised LPG price hiked by Rs 5 per 14.2-kg cylinder, jet fuel price by 1% to Rs 63,472 per kilolitre
Jet fuel price was on Monday hiked by over one percent, the second straight monthly increase in rate coming on the back of firming global prices
Jet fuel price was hiked Friday by a steep 8.1 percent to its costliest level this year as international oil prices rose, state-owned oil firms said
Qatar seeks inclusion of natural gas in GST, says move to help create demand for green fuel; GAIL backs demand
Qatar supplies 8.5 million tonnes a year of liquefied natural gas to India.
SpiceJet chief Ajay Singh favours airfare hike in India 'as demand is strong'; says country fast emerging as aviation power
Singh said that there are challenges also, such as infrastructure challenges, but the government is putting a lot of efforts for building new airports.
ICRA downgrades crisis-hit Jet Airways' credit rating; lenders seek details on root cause of financial stress
Jet Airways is in discussions with the State Bank of India for raising Rs 1,500 crore short-term loan to meet its working capital requirement and some payment obligations.